UAE-Brazil trade defies Covid pandemic gloom, posts 33 percent growth in 2021
Trade between the United Arab Emirates and Brazil has grown 33 percent in the first eight months of 2021, defying the atmosphere of gloom plaguing the global economy due to the Covid pandemic.Shareholders of Jeddah’s International Medical Center to sell shares in an IPO
Fitaihi Holding Group, which owns part of IMC, has declared that it intends to sell the hospital’s shares in a public offering, following the company’s exit from Dubai’s Amanat.Dubai police and a firm join hands to educate people about crypto fraud risks
Dubai police and a cryptocurrency trading firm have joined hands to make investors and traders aware of the risk of fraud while trading in cryptocurrency.Creative Zone expands into Qatar
The CZ is one of the top firms in the United Arab Emirates.ADNOC Drilling starts trading on ADX
It will start trading under the symbol ADNOCDRILL.Has Apple traded magic for profit?
The company under Cook has delighted Wall Street: the Apple brand was worth about $350 billion ten years ago and is worth $2.358 trillion today.Galaxy Racer eyes Pakistan market
The UAE-based Esports company has over 400 million subscribers.Sharjah, Guatemala explore ways to boost trade, cultural ties
Sharjah and Guatemala have held discussions on enhancing trade exchange relations and joint investment opportunities in vital sectors like tourism, food security, and sustainable waste management, and others, as well as forge stronger bonds of cultural cooperation.UAE and India resolve to strengthen ‘deep economic ties between the two countries’
The United Arab Emirates and India have resolved to strengthen ‘the deep economic ties between the two countries,’ while noting the impact of the Covid pandemic on global trade and investment.Iran bans LG and Samsung home appliances
The import of home appliances made by these two South Korean companies is now banned by Iran, following an apparent request from local manufacturers, who may now ramp up production of similar products indigenously.Abu Dhabi lets judges work from anywhere
The move is expected to reduce the litigation time and costs and increase the rate of disposition of cases in the emirate.E-Sports a billion-dollar industry in GCC
The Middle East has 25% of the worldwide gaming audience, followed by Latin America 13.9%, the Asia Pacific 9.2%, Western Europe 4.8%, and North America 4%.Microsoft announces pricing for new Office suite
Office 365 has been renamed Microsoft 365, and will be available on Windows PCs, Apple’s Mac machines, and mobile platforms, from October 5, which is when Microsoft will also start the rollout of the Windows 11 OS. For families and households of up to six people, Microsoft 365 Family will...Saudi bourse joins new emerging-markets index
The Saudi Stock Exchange will be added to its widely followed Emerging Markets Government Bond Index (EMGBI), the global index provider FTSE Russell has announced.GCC and Europe to revive free trade deal talks: EU Ambassador
The Gulf Cooperation Council and the European Union have agreed to revive free trade deal talks, according to EU Ambassador Patrick Simonet.Emirates Post launches five new services
The official postal operator of the UAE made the launches during the 2021 Seamless Middle East.Dubai Expo ‘new city’ is here to stay for decades
Dubai has created a "new city" for Expo 2020 that will exist for decades, the head of the event said, promising most of the vast site will remain in use after the six-month world fair.Anaam land sale nets $22.6m
The transaction will be reflected on Anaam’s Q3 financial results.Saudi stock market index ends high at 11,495.76 points
The main Saudi stock index closed today, up, gaining 112.11 points, to close at 11495.76 points, with trading value worth SR 6 billion.UAE Central Bank to issue commemorative Expo 2020 silver coins
DUBAI: The Central Bank of the UAE (CBUAE) has announced it will issue silver coins that feature Expo 2020’s official mascots, the second commemorative coin produced to mark this global event. The first gold and silver commemorative coins were issued on the occasion of the UAE hosting Expo 2020. The...Jordan, Lebanon discuss cooperation
Jordanian Prime Minister Bishr Khasawneh met his Lebanese counterpart Najib Mikati to discuss cooperation and help Lebanon.Saudi Arabia to strengthen trade ties with Austria
The Saudi delegation of the trade system was headed by Minister of Commerce Majid Al-Qasabi.Dubai Expo 2020 to attract 25 million business, tourist visits
The full expo site has opened its doors to exhibitors from almost 200 countries.ADNOC Distribution will pay $350 million H1 interim dividend to shareholders
DUBAI: ADNOC Distribution has announced AED1.285 billion ($350 million) as an interim dividend payment to shareholders for the first six months of 2021. This is the first payment in what is expected to be a full-year 2021 dividend payment of AED 2.57 billion. This would translate to a 4.9 percent...Oman looks to tap Brunei for cooperation
Oman’s Foreign Minister Sayyid Badr Hamad Al Busaidi and Brunei Darussalam’s Second Foreign Minister Dato Seri Setia Haji Erywan bin Pehin Datu Pekerma Jaya Haji Mohd Yusof met to discuss joint investments.Facebook grilled over mental health fears
Facebook study warned of the harm Instagram can do to girls' well-beingSeamless Middle East 2021 held in Dubai
The event, sponsored by the Arab League and organised by Terrapinn, was held at the Dubai World Trade Centre.Kuwait Expo 2020 pavilion will be ‘biggest’ in terms of size and activities, says director
DUBAI: Kuwait's participation at Expo 2020 Dubai is "biggest" in terms of pavilion size and range of activities, the pavilion's director said on Thursday. A total 200 government and private bodies across a diverse array of sectors are set to contribute to the booth over the coming six months, Bader...Digital transformation helps GCC banks prosper
Digital transformation brought about by COVID-19 has made banks more open to branchless and cashless banking enabling them to perform better in H1 2021 than they did in the same period last year.Dubai records weeklong real estate transactions worth $1.6 billion
DUBAI: Dubai has recorded 1,592 real estate and properties transactions worth AED6 billion ($1.6 billion) in total during the week ending September 30, according to Dubai Land Department (DLD). The DLD weekly report said 73 plots were sold for AED350.29 million, 1,080 apartments and villas were sold for AED2.74 billion....Expo 2020 launches official visitor app and business-focused app
Expo 2020 Dubai has launched its official visitor app and a business-focused app.Qatar to hold its first-ever Formula One Grand Prix
The race will take place at the Losail International Circuit north of Doha on November 21 and will form the first part of a Middle Eastern ending to the Formula One season.East Pipes Integrated plans IPO
The Saudi Arabia-based company gets approval to float 6.3 million shares.EDB to push Ajman growth
The EDB-Ajman MoU is in line with the Make it in the Emirates Campaign.ABHGA readies $13bn investment
This agreement can be considered the start for several projects.2021 a year of recovery in oil market: OPEC Sec Gen
Barkindo underscored the importance of the efforts by the Declaration of Cooperation (DoC) Participating Countries in accelerating the rebalancing process in the global oil market.Saudi MSMEs get new three-month payment respite
The Deferred Payment Program was launched on March 14 last year, as Covid-19 was spreading across the world. According to the central bank, it benefited more than 107,000 contracts with a total value of SAR174 billion ($46.4 billion) in deferred payments.More UAE women take up STEM courses
The Emirati women's share in online enrollments in science, technology, engineering, and mathematics rises to 42 percent in 2021 from 38 percent in 2019.Bahrain launches region’s fastest global sea-to-air logistics hub
Bahrain expects this to be the most efficient multimodal sea-air transshipment hub in the region with a global reach.Dubai reviews park redesign proposals
Brand Dubai and Dubai Municipality have reviewed some creative proposals to redesign 10 public parks in the emirate.Saudi Arabia ‘racing against time’ to finish F1 track
The floodlit circuit is expected to run over 6.175 km (3.8 miles), the second-longest on the calendar, and will feature 27 corners.New FTA services to ease VAT refunds for UAE homes
The new services are said to offer four different services that aim to raise the target audience’s awareness, provide them with easy access to information, and allow them to communicate directly with FTA representatives.Abu Dhabi H1 real-estate deals hit $6.4bn
The real-estate sector in Abu Dhabi recorded 3,425 real-estate sales transactions worth AED9.02 billion (around $2.46 billion), and 3,621 mortgage transactions worth AED14.55 billion (around $3.96 billion), according to the Department of Municipalities and Transport.$80 oil sparks mixed fortunes for world economy
Rising oil prices handed a major boost to producers but threaten the global recovery and stoke inflationary pressures because they lift manufacturing costs, which translates into higher consumer prices.Construction works complete on a stretch of UAE rail network
DUBAI: Etihad Rail has completed construction works on a stretch of the 1200-km UAE National Railway Network, the company said on Wednesday. The work was completed ahead of schedule on Package A of Stage Two, which extends over 139 km, and its connection through Al Ghuwaifat on the border of Saudi...SEDCO Capital, Lombard Odier launch Shariah-compliant fund
The Fund's composition reflects a convergence of SEDCO Capital's Prudent Ethical Investment (PEI) approach with Lombard Odier's investment expertiseACWA Power final IPO price nearly $15 per share, targets raising $1bn
The company expects to raise more than $1 billion from the public offering, valuing the company at about $10 billion.Elon Musk wants US regulators to let cryptocurrency ‘fly’
Los Angeles: Tesla chief executive Elon Musk thinks US regulators should take cryptocurrency out of their crosshairs, leaving it free to 'fly', he told a conference in California on Tuesday. The colorful serial entrepreneur, an outspoken digital money fan, shared his view at a Code Conference in Beverly Hills, as...Tariq Al Samahiji CEO of GFH Group’s UK ops
Al Samahiji is the non-executive chairman and co-founder of Orpheus Partners.Amazon robot that can patrol homes
The tech giant cheered the "Astro" robot as a breakthrough for security




















































