‘Resilience more vital than efficiency for GCC startups’
The ongoing Covid-19 pandemic teaches several lessons to regional businesses, says UAE Minister Ahmad Belhoul Al Falasi.US sanctions Russia’s defence sector, bans its gold import
United States is seeking to crack down on Russians seeking to skirt existing sanctions by "covertly" acquiring US, Japanese and European defence components.Saudi Arabia and Italy to explore investment opportunities
Saudi Arabia’s Ministry of Investment will host a high-level Italian business delegation on Monday to explore mutually beneficial investment opportunities. The Italian delegation would be led by Italian Minister for Foreign Affairs and International Cooperation Luigi Di Maio. The forum will focus on finance, infrastructure and mobility, tourism and culture,...‘World’s most efficient AC’
Strata, Hyperganic and EOS will partner to build the energy-efficient AC.SARCO, Christof Global sign MoUs
Renewable energy projects costing $301 million will be built.Iran craftsmen make ‘world’s largest’ kilim
Produced by the weavers in southern Fars province, the rug measures an enormous 1,100 square feet. It was commissioned by Qatar.Alpha Dhabi ups stake in Aldar
After the deal, Alpha Dhabi becomes Aldar's parent company.Saudi Arabia and Italy to deepen investment ties
Saudi Arabia and Italy will jointly explore investment opportunities in sectors as wide as finance, infrastructure and mobility, tourism and culture, and renewable energy.Algeria discovers ‘important’ gas deposit in Sahara desert
Algerian state energy firm Sonatrach announced Monday the discovery of an "important" deposit of gas condensate in the Hassi R'mel field in the Sahara desert.‘Not enough GCC women employed in STEM sector’
Christine Harb, CEMEA Vice President of Marketing at Visa, believes that the workplaces should offer the right flexible benefits for women to join.UAE strengthening exhibition sector: Al Midfa at CEO Summit
The Expo Center Sharjah participated in the “Global CEO Summit 2022” to improve international cooperation, and forecast the future of the exhibition and conference sector. The summit is organized by the Global Association of the Exhibition Industry (UFI) in Hamburg, Germany from June 22 to 24. The Center stressed that...Saudi-Italian space agencies ink pact on cooperation
The Saudi Space Commission and the Italian Space Agency sign a memorandum of understanding for enhancing cooperation in the field of space for peaceful purposesQatari private exports value surge by 46 percent in Q1 2022
Qatar Chamber (QC) said in its quarterly report that the export value of private sector in Q1 2022 hiked to QAR 7.7 billion($2.11bn) with a 46 percent growth compared to QAR 5.3 bn($1.46bn) in Q1 2021. The report also mentioned the impact of the certificates of origin on the exports'...UAE’s Ministry of Energy and Infrastructure wins DACA Awards
The UAE Ministry of Energy and Infrastructure received the 'Sustainability Leader in Shipping' award and a 'Decarbonization Champion in Power Sector' award during the recently held Decarbonization and Climate Action AwardsChimera Capital launches two funds
The funds are Shariah-compliant and fully fungible exchange-traded funds.1,600 African companies join Dubai Chambers since Oct 2021
Over 1,600 new African member companies have registered with Dubai Chambers since October 2021, growing 6.5 percent to reach 26,420 today, the Chambers said. In October 2021, the Chamber hosted the sixth edition of the Global Business Forum Africa (GBF Africa) on the sidelines of Expo 2020 Dubai – a...8 conciliators in economic disputes sworn in at Abu Dhabi
Eight members of the first batch of conciliators in economic disputes and consumer complaints were sworn in at Abu Dhabi. The conciliators will begin their duties in the Abu Dhabi Department of Economic Development to perform mediation and conciliation work for economic disputesEGA holds wearable tech trial
Trial aimed at preventing heat-related illness in workers.Alpha Dhabi’s ‘W Solar’ to invest in Libya renewable energy
The company, a subsidiary of Alpha Dhabi Holding, signed an MoU with the General Electricity Company of Libya.Yiwu Market of Dubai ready to welcome consumers
Yiwu Market of Dubai, the first smart free zone market in the region, will open tomorrow, aiming to revolutionize the trading experience for both traders and consumers.Qatar warns of ‘legal action’ against use of World Cup logo
Qatar warned the general public Sunday against the use of unauthorized vehicle license plates with the FIFA World Cup Qatar 2022 logo, after it auctioned off dozens of number plates for hundreds of thousands of dollars.SVC to invest in Venture Debt Fund
The fund will offer venture debt tools to startups and SMEs.Sharjah a vital tourist destination, says business body
The Sharjah Chamber of Commerce & Industry organized a business meeting with the Embassy of the Republic of North Macedonia in the UAE and the Sharjah Commerce and Tourism Development Authority (SCTDA).Saudi minister appreciates Seafarers’ role in maritime sector
Minister of Transport and Logistics, Engineer Saleh bin Nasser Al-Jasser, praised the seafarers for their role in the global maritime transport industry and their efforts in sustaining the flow of life's necessities. He was speaking on the occasion of the International Seafarers Day, observed on June 25 annually. Al-Jasser said...UAE’s EHS, Johnson & Johnson ink MoU on healthcare
Emirates Health Services has signed a MoU with Johnson & Johnson Middle East to strengthen collaboration towards developing more advanced health services, innovative hi-tech solutions to support the health sectorSaudi seeks British investment in industrial and mining sectors
Saudi Arabia is seeking to convince investors and companies in Britain to make investments in the kingdom's industrial and mining sectors.Saudi Index at lowest levels since January
Saudi Stock Exchange's general index fell by nine points. Abu Dhabi market was below 9,200 points, Dubai market rose above 3,200 pointsDEWA, Azerbaijan discuss bilateral ties, energy, business prospects
DEWA and Azerbaijan discuss investment in oil exploration and production projects, crude oil trading and reviewed issues of mutual interest in the energy sector, including renewable, oil and gas activities, as well as long-term investment opportunitiesGulf countries take first steps to bank on metaverse
Payment on metaverse will take place through cryptocurrencies. NFTs and virtual goods will become popular once metaverse becomes mainstream. Therefore, it is curcial for the metaverse that NFTs and virtual property be implemented. Additionally, banks will need to accept cryptocurrency as a form of payment for these products.Skilled worker shortage hits Qatar, Kuwait: Report
75 percent of respondents in Kuwait and 60 percent in Qatar said their country has a shortage of people with specialised skills.Oil prices and equities climb up as rate-hike worries taper off
Global stock markets and oil prices jumped higher on Friday following recent heavy losses as the weakening economic outlook moderates expectations about central bank monetary tightening.NFTs: Digital way to own art, music, videos
Everything is open-sourced, permission less and on-chain, Holaplex CEO Alex Kehaya tells TRENDS on the rising popularity of NFTs.Abu Dhabi officials in Canada to discuss clean energy solutions
A delegation from the Abu Dhabi Department of Energy (DoE) is visiting Canada to meet senior government officials and stakeholders in the Canadian energy sector to discuss opportunities for collaborationEuropean Union seeks to prepare arrival of ‘zero-emission’ aircraft
The European Commission called Friday on the members of the aviation sector to join an alliance to prepare for the advent of carbon-neutral aircraft. It envisages the Alliance for Zero Emission Aviation alliance including representatives of aircraft manufacturers, airlines, airports, energy companies and fuel providers, as well as passenger and...Saudi Arabia, Djibouti sign agreement on maritime transport
The Kingdom of Saudi Arabia has signed a joint cooperation agreement in maritime transport with the Republic of Djibouti which aims to open new horizons for cooperation in various fields between the two countriesCareem acquires MUNCH: ON
MUNCH: ON offering will be rebuilt on the Careem app.‘Make it in the Emirates’ helps in growth of industries
The two-day 'Make it in the Emirates' event hosted by Abu Dhabi, highlight the UAE's capacity to ensure the growth of national industry and identify a number of products the country will depend on in the coming yearsEGA to produce silicon metal
Silicon metal is added to aluminum to create high-strength alloys.Dubai urges use of smart apps to order Eid sacrifices
Muslims during Eid Al Adha traditionally buy a whole sheep to be slaughtered and distributed among friends, family, and the poor.Gulf airlines recoup losses, make profits after 2 years
The global aviation sector's losses, which rose to around S138 billion in 2020, dropped to nearly $42 billion in 2021. The IATA hopes that making profits this year appeared is within reach for the airlines as people are traveling in greater numbers and freight is doing very well despite economic...UAE gets 41% of all FDI projects to Arab countries in 2 decades
The UAE received 41 percent share of the entire foreign direct investment projects all Arab countries attracted between 2003 and 2021 and as per the Arab Investment Export Credit Guarantee Corporation, all the Arab countries received a total capex of US$1.3 trillion over the last 19 years.EIG, Q Properties sign gas deal
EIG will supply gas to Q Properties' Reem Hills project.UN warns Internet shutdowns can have deadly consequences
Many governments refuse to acknowledge that they ordered any interference in communications, and sometimes put pressure on telecommunications companies to prevent them from revealing why communications are blocked.‘Renewable energy is 20 percent of Jordan’s power output’
Jordan has the highest transition rates to renewable energy sources and electric vehicles, says the Secretary-General of the Arab Renewable Energy Commission and he urged Arab nations to develop their own renewable energy industries rather than importing foreign technologyEnergy security vital for economic growth, says Saudi minister
Saudi Arabia's Minister of Finance Mohammed bin Abdullah Al-Jadaan said energy security is very important for the economic growth and prosperity of countries in the worldUAE to issue dual-tranche dollar benchmark size bonds
The UAE government has announced it will issue a dual-tranche US dollar benchmark size bonds with a 10-year tranche and a 30-year Formosa tranche. The 10-year tranche will be listed on London Stock Exchange (LSE) and Nasdaq Dubai, and the 30-year tranche will be listed on London Stock Exchange (LSE),...UAE listed firms to pay $9.36 bn cash dividend for 2021
Listed public joint stock companies have approved AED 34.4 billion ($9.36 billion) cash dividends for 2021, according to the Securities and Commodities Authority (SCA)'s Annual Report 2021. The figures released indicated that up to AED34 billion earnings were distributed in cash while AED396 million were in form of stock dividends....Saudi Re bags A3 rating
The firm got top rating with a stable outlook from Moody's.GCC and UK aim to boost trade beyond current figure of $34bn
The Gulf Cooperation Council (GCC) and the UK began negotiations in Riyadh to boost trade, which stands at $34 billion.US Fed chair admits recession a ‘possibility’ after rate hikes
The US economy remains strong but a series of aggressive rate hikes meant to cool soaring inflation could eventually trigger a recession, Federal Reserve Chair Jerome Powell cautioned Wednesday. Powell, whose testimony before senators was closely watched by investors and analysts, also said the world's largest economy faces an "uncertain"...




















































