Over 4,800 take part in Dubai corporate volunteering program
Over 4,800 employee volunteers participated in Dubai Chamber of Commerce’s 'Give & Gain 2022' initiative. Volunteers dedicated 17,460 hours across projects benefitting over 147,000 individuals and the event is part of the Chamber’s ENGAGE Dubai corporate volunteering program.Saudi Esports Federation allies with ASUS Republic of Gamers for Saudi eLeagues
Gamers8, the largest esports and gaming event worldwide, takes place during eight weeks from July 14.Elon Musk deal to buy Twitter in danger: report
Twitter shares slid late Thursday after a Washington Post report that Elon Musk's $44 billion deal to buy the social media giant is in danger. The world's richest man has previously expressed misgivings and even implied he could walk away from the deal over concerns about what he believes are...Summer break, Eid push up Saudi air ticket prices
The kingdom, which has 15 domestic airports, is witnessing a significant increase in the prices of domestic flights, ranging between 32% and 314%, a survey points out.British Airways staff halts strike after better pay offer
A strike by British Airways staff at London Heathrow Airport this summer has been called off after an improved pay offer, trade unions said Thursday. Members of the GMB and Unite unions had recently backed action as surging inflation erodes the purchase power of wages, sparking walkouts across multiple sectors....Eid: Sharjah Economic Development Department to intensify market campaigns
Sharjah Economic Development Department (SEDD) said it is ready for Eid al-Adha to ensure the safety of markets through the intensified campaigns. This falls within SEDD’s concerns to protect consumers and ensure the safety of markets. SEDD explained that joint inspection campaigns are organized with Sharjah City Municipality and Sharjah...Record exports help US trade deficit reach its lowest in 2022
The US trade deficit with China declined again, falling $2.8 billion to $32.2 billion in May, on another big drop in imports from the world's second largest economy.17 institutions win Real Estate Excellence Award in Sharjah
The Sharjah Real Estate Registration Department has announced that 17 institutions have won the Real Estate Excellence Award. The awards are part of SRERD's aim to consolidate Sharjah's position as one of the most attractive global destinations for investors.Common Reporting Standards to be mandatory in UAE, says CBUAE
Common Reporting Standards is a global methodology for the automatic exchange of financial accounts and tax-related information with other financial regulatory organizations across the world through secure channels.Dubai records real estate transactions worth $435 million Wednesday
Dubai real estate market recorded 454 sales transactions worth AED1.24 billion ($337 million), in addition to 96 mortgage deals .of AED259.02 million, and 22 gift deals amounting to AED150.27 million on Wednesday, data released by Dubai's Land Department (DLD) showed. The sales included 436 villas and apartments worth AED1.1 billion,...UAE, Japan discuss forming a business council
The council aims to boost cooperation and visits between the business communities in both countries.UAE to woo at least 300 global tech firms with ‘NextGenFDI’
The UAE will encourage some 300 global technology firms and software developers to set up base in the country under the newly launched "NextGenFDI."Oil prices drop below $100 on recession worries
Recession worries pushed the price of Brent oil briefly back under $100 on Wednesday, and the euro moved closer to parity with the dollar. European stocks rebounded thanks to lower bond yields and bargain hunting, while US stocks also advanced, climbing after Federal Reserve minutes maintained a tough line on...Middle East startups raise $1.8 billion in first half of 2022
During the first half of the current year, startups in the Middle East have succeeded in raising $1.8 billion, according to a MAGNiTT report. The fintech sector remained the most capital attracting sector, raising nearly $1.7 billion and accounting for 34 percent of the total funding secured across all markets....TotalEnergies of France pulls out of Russian oil project
Russian oil firm Zarubezhneft will take over its remaining 20 percent stake in the Kharyaga project in the Arctic pending approval by Russian authorities.Aramco expected to post $44bn profit in Q2: report
Al-Rajhi Capital which has analyzed the performance of all industrial sectors expects Saudi-listed companies to see mixed earnings in Q1 2022, amid rising oil prices.Tokyo stocks rise on back of US Fed resolve to fight inflation
Tokyo shares opened higher Thursday after minutes from a Federal Reserve meeting showed that US central bankers are determined to fight inflation despite recession worries. The dollar was at 135.86 yen, compared with 135.93 yen on Wednesday in New York.Fuel prices drive demand for hybrid vehicles in UAE
While some buyers are opting for smaller compact SUVs and electric vehicles, others are putting their purchase decisions on hold and looking at car rentals to save on mobility costs.New multilateralism likely to define global trade in 2022: DMCC report
Global trade hit a record high of $28.5 trillion in 2021, with more growth expected in 2022. The future also promises growth due to a new era of multilateralism, supported by regionalization, trade in services, innovation and sustainable trade, which would counter global recession, according to 'The Future of Trade 2022'...Emerge, Miral to install solar energy at Abu Dhabi theme park
Emerge and Miral signed an agreement to deploy on-site solar energy systems at the SeaWorld Abu Dhabi theme park on Yas Island. Emerge is a joint venture between UAE’s Masdar and France’s EDF, while Miral is Abu Dhabi’s leading creator of immersive destinations and experiences The project will have a...European stocks bounce back after sharp losses on global recession fears
European stock markets rebounded on Wednesday, recovering some ground following sharp losses the previous session on fears of a global recession. Oil prices recovered slightly, but WTI remained under $100 per barrel. The euro hit a fresh 20-year low point under $1.02 -- the European single currency fast closing in...Sri Lanka appeals Russia for fuel and resumption of tourist flights
Sri Lanka is facing its worst economic downturn since it gained independence from Britain in 1948.Tabadul: GCC region’s first digital exchange hub launched
Based on the mutual market access model, Tabadul will allow investments across Bahrain Bourse and Abu Dhabi and enable investors to trade directly on both exchanges through licensed brokers in both markets.AD Ports Group, SEG sign MoUs
A logistics and freight business and food trading hub will be built in Uzbekistan.GCC central banks should hike rates to combat inflation: L’AZURDE CEO
Inflation is an opportunity for a company to review strategically the portfolio of plans it offers, says L'azurde CEO.Jordan pens success story with its chalk
Long before whiteboards, beamers and laptops entered modern school classrooms, teachers relied on the humble, dusty, sometimes screechy blackboard chalk.Tokyo equities open lower as recession fears persist
Tokyo stocks opened lower Wednesday after a mixed close on Wall Street as lingering recession fears caused a rout on European bourses. The benchmark Nikkei 225 index was down 0.79 percent, or 209.58 points, at 26,213.89 in early trade, while the broader Topix index was down 0.69 percent.EPG, Hub71 to help tech startups advance Abu Dhabi logistics sector
Emirates Post Group (EPG) and Hub71, Abu Dhabi’s global tech ecosystem, will partner to provide tech startups in the Emirate with greater opportunities to collaborate with EPG and advance the logistics sector using next-generation technologies. In a statement, Hub71 said the partnership will focus on active collaborations with startups based...UAE Minister discusses development of fisheries sector
UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri held a meeting with the heads of fishermen's associations and a group of fishermen to discuss the challenges and opportunities related to the fisheries sectorDubai Chambers holds meet to enhance its role in economy
Chairman of Dubai Chambers met with heads and members of business groups to discuss new ways the Chamber can enhance its role in the emirate’s economy and strengthen public-private sector partnership.ADDED grants lease contract exemption for one year to 1,200 actiivities
A total of 1,200 economic activities have been granted one-year exemption from a lease contract for work premises as a prerequisite to issuing an economic license by the Abu Dhabi Department of Economic Development (ADDED). The economic activities included in this initiative represent 29.5 percent of total economic activities licensed...‘Jordan’s industries have potential to access Algerian market’
Jordan's industrial goods have a great opportunity to gain a foothold in the Algerian market, president of the Jordan and Amman Chambers of Industry, Fathi Al-Jaghbir saidShell joins Qatar gas project
Shell is the fifth and final international partner in the North Field expansion.Tadawul launches single-stock futures trading
Tadawul has posted more than 30 trades in single-stock futures on its launch as Aramco and Saudi Telecom Co. led the trading.Qatar has a new fixation: eSports
World Cup host Qatar doesn't just have its sights set on football -- it also hopes to harness its people's gaming skills as it launches into the burgeoning eSports sector.Dragon Oil extends Turkmenistan contract for 10 more years
The Cheleken complex, located in the East Caspian Sea in Turkmenistan, is the main producing asset of Dragon Oil.ADDED, GE Digital to fast-track digital shift in Abu Dhabi’s manufacturing sector
ADDED and GE Digital will collaborate to adopt circular economy strategies “to drive a more productive, competitive, advanced, and innovative sector.”Israel PM to seek French intervention in gas row with Lebanon
Israeli Prime Minister Yair Lapid makes his first foreign trip as premier on Tuesday to Paris, where he will ask President Emmanuel Macron to intervene in a gas dispute with Lebanon.Innovest of KSA exits Misk Tarout
The Saudi firm earned $8m in profit in the last three months.Mecca businesses see hajj boom ending pandemic slump
Two years of drastic restrictions on the number of pilgrims emptied shops and hotels across the Saudi Arabian city of Mecca.European stocks surge Monday after nosediving last week
Europe's stocks recovered somewhat Monday as investors tentatively regained some optimism following the heavy losses in the financial markets last week on fears that rising interest rates could spark recession. London stocks won 1.1 percent at midday, while Frankfurt and Paris gained 0.5 percent and 1.0 percent respectively in afternoon...IMF authorities in Tunisia to discuss bailout package
An IMF team said in March that the country faced "major structural challenges", with low growth and investment, along with high unemployment and gaping inequality.CEPA with India, Israel, Indonesia to help UAE economic growth
The comprehensive economic partnership agreements (CEPA) signed by the UAE with India, Israel and Indonesia this year will help the Gulf country's national economy grow by 2.6 percent by 2030.Turkish Airlines flights at pre-pandemic conditions
Turkish Airlines has announced that flights to Saudi Arabia have resumed to pre-pandemic conditions and Saudi citizens will now be able to travel to or transit through Türkiye. The airlines said that from June 20, 2022 the restrictions set by Türkiye due to COVID-19 has been lifted.Iran, Russia, Turkey considering joint car design and production
Iran and Turkey share a land border, while Russia shares a maritime border with Iran and Turkey across the Black Sea and Caspian Sea respectively.Dubai Supreme Council moots monitoring panel for petroleum trading
Dubai Supreme Council of Energy on Monday discussed establishing a permanent committee to monitor petroleum product trading in Dubai and the savings achieved by the Demand Side Management Strategy 2030. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, chaired the meeting held virtually, with...DEWA produces 700MW more energy, capacity rises to 14,117MW
DEWA has outlined expansion plans for the energy and water infrastructure based on demand forecasts until 2031, Al Tayer, MD and CEO of DEWA said.Emrill appoints new director
The company intends to speed up growth in the GCC.Al Bateen ladies’ beach in Abu Dhabi to be given makeover
Al Bateen ladies' beach in Abu Dhabi will be redeveloped with public amenities in order to brighten its appeal as a leisure and adventure spot. The redevelopment aligns with the The Department of Municipalities and Transport (DMT) plan to increase recreational facilities, improve the quality of life in the emirate,...Pilatus and Strata partner to make UAE’s first hot press parts
The newly updated agreement between the two companies will pave the way for the production of Pilatus PC-24 Super Versatile Jet interiors.


















































