- Dubai, UAE – The Dubai Integrated Economic Zones Authority (DIEZ) recorded its highest-ever trade performance in 2024, with total trade across its three economic zones reaching AED 336 billion ($91 billion). The figure represents a 19 percent increase compared to 2023 and accounts for 13.7 percent of Dubai’s total non-oil...
United Airlines fires 593 workers
The employees refused to comply with a requirement to be vaccinated for Covid-19.Meetings with Syria should translate into projects: Jordan PM
He said the projects should benefit the two countries and cement a historical brotherhood bonding them.Ukraine looks to bolster investment cooperation with GCC, especially Kuwait
Ukraine is looking to bolster investment cooperation with the Gulf Cooperation Council (GCC) countries, especially Kuwait.Kuwait, China keen on institutional framework
The Consul General of Kuwait in Shanghai, Mishal Al-Shamali, during a meeting with Shanghai Deputy Mayor Zhong Ming, said that the development of ties between both sides in all fields was explored.Jordan to resume flights to Damascus, 10 years after Syrian civil war broke out
The Jordanian government has agreed to resume flights to the Syrian capital Damascus as of 3 October after a 10-year hiatus as a result of the Syrian civil war.Kuwait plans customs virtual corridor with Abu Dhabi
The customs departments of Kuwait and Abu Dhabi are planning to form a virtual corridor.Dubai’s trade with Saudi Arabia leaps up 26 percent to AED30.5bn in H1
Trade between Dubai and Saudi Arabia grew 26 percent to AED30.5 billion in the first half of 2021, making the kingdom the emirate’s biggest trading partner in the Arab world.Oman to start gabbro mining in October
The quarry will start with a production capacity of 2.4 million tons of gabbro.UAE and WEF to hold ‘Great Directions for the Future’ dialogue in Abu Dhabi
The United Arab Emirates in partnership with the World Economic Forum will hold a two-day long gathering of thinkers to exchange ideas on ‘Great Directions for the Future’ dialogue in November.Tribunal awards Dana Gas $607 million in a case against Iran’s state producer
DUBAI: Sharjah-based Dana Gas has been awarded $607.5 million as compensation for damages in a case against the Iranian state-owned National Iranian Oil Company (NIOC). The damages were awarded by an international tribunal, which will hear the case for the final time in October 2022 in Paris. A final award...McDonalds Qatar warns of fake websites
The sites are advertising fake offers and requesting bank details.Saudi Arabia to develop luxury mountain resort in western region
Saudi Arabia will develop a new luxury mountain resort as the giga project inches closer to welcoming its first guest in 2022.India to share white shipping info with Gulf countries
India has said in a statement that the MoU would ‘contribute to enhanced maritime safety and security in the region.’Fourth cycle of Dubai SME 100 gets underway
The fourth cycle is expected to highlight SMEs in Dubai that have shown resilience and progress despite the Covid-19 pandemic.Greatest shows on earth: How expos changed the world
International expos, or world fairs, draw millions of visitors to a chosen city every few years. Over two centuries these mega events have introduced the world to new products and landmarks.Revelations at Expos in the Past: Ketchup, Eiffel Tower, telephone
As Expo 2020 opens in Dubai on Friday, hoping to attract millions of visitors with its imaginative pavilions and technological advances, a look at what its predecessors unveiled.Agthia to pay $17.8m in H1 dividend
The Abu Dhabi-listed company will pay AED 65.31 million cash dividend.Expectations rise for Expo 2020 gains to materialize
A study published said projections for 2019 indicated investments that would generate long-term returns of up to $33.3 billion.Expo 2020: Cisco operating next generation IT network
The company, the Expo's 2020 official partner, is ready to greet visitors and provide them with the most up-to-date digital solutions.MidChains finishes first trades of assets
Abu Dhabi-based virtual asset trading platform has traded in Bitcoin, Ethereum, Litecoin, etc.Abu Dhabi, Pakistan discuss boosting business ties
The chamber is ready to offer all the services required to help Pakistani businesses and entrepreneurs in Abu Dhabi.Dubai ups housing loan limit for UAE citizens to $272,000
The ruler of Dubai, and vice president and prime minister of the United Arab Emirates, Sheikh Mohammed bin Rashid Al Maktoum has raised the housing loan limit for all the UAE citizens to $272,000.Turkish discovery of gas in Black Sea to raise EU production capacity by 25%
Following the discovery of gas by Turkey in the Black Sea, the European Union's gas production capacity is likely to increase by 25 percent.Dubai Customs clears AED948m worth of goods to be exhibited at EXPO
Days before the EXPO2020 kicks off, Dubai Customs has cleared goods worth AED948 million that will be exhibited at the grand event. The total weight of the goods stood at mammoth 12,600 tonnes.Dubai Chamber initiative focuses on West Africa
The initiative, called Why Africa, will also look at the region’s key economic indicators and competitive advantages.Shuaa Capital of UAE to hand over $2.7bn London property projects at year’s end
Shuaa Capital, the United Arab Emirates (UAE) based company, has said that it intends to fully complete and deliver the $2.7 billion worth of property projects in London through Northacre.EZDubai starts four projects
It already has 1.3 million sq ft developed and handed over.Kuwait Fund’s $3.6bn development works earns it gratitude of Egyptian PM
Noting the wide contributions of the Kuwait Fund for Arab Economic Development (KFAED) to his country, the Prime Minister of Egypt, Mustafa Madbouli, has said that the Kuwait Fund was financing $3.6 billion worth of projects.42 foreign tech firms have opened office in Kuwait
The Kuwait Direct Investment Promotion Authority has taken steps that have led to several foreign technological firms opening offices in the country.Oman discusses green energy with Belgium
Oman already has a roadmap ready for a green economy, one which it discussed with the UNEP earlier this month.ADNOC Drilling IPO raises $1.1bn
The UAE's state oil giant will be listed on ADX on October 3.PIF acquires 25 percent stake in EEC
Under the deal, EEC transferred part of its loan to PIF in exchange for company shares.Turkey to buy more defense systems from Russia
Turkey still intends to buy a second batch of S-400 missile defense systems from Russia, its president has said.Sharjah, Saudi Arabia discuss real-estate investment
The discussions took place between the Sharjah Chamber of Commerce and Industry and the National Real Estate Committee of the Federation of Saudi Chambers on various ways to explore investment opportunities in the real-estate sector.Iraqi Kurdistan seeks to attract Turkish investors as gateway to wider markets
DUBAI: Iraq's Kurdistan is a gateway for Turkish firms to explore the wider Iraqi market, President Nechirvan Barzani said as he sought to lure Turkish investors on Sunday by promising them business opportunities in the semi-autonomous region. Given the size of the Iraqi market, Turkish firms have many investment opportunities...Riyadh Season 2021 has ‘big surprises’ in store
The event featuring concerts, theater performances, wrestling matches aims at making the Saudi capital a tourism entertainment destination.Semiconductor shortage slows down GCC auto sector
Auto exports to the region are likely to suffer for the next more than a year due to an estimated net production loss of 3.9 million vehicles globally. Besides the automobile sector, e-gadgets, the smartphone and video gaming industries were impacted by the shortage.Egypt to tax social media stars earning more than $32,000 annually
Egypt said it will tax social media content creators in a revenue raising exercise as more citizens look to online platforms to make a living.Dubai Airshow 2021 ties up with global aerospace bodies to support startups
Dubai Airshow 2021 is collaborating with global aerospace entities in order to provide 'disruptive' startups with an opportunity to showcase their innovative technologies and creative ideas.Dubai non-oil external trade up 31 percent, exports grow 45 percent
The results show Dubai has reinforced its status as one of the world’s fastest-growing business hubs, said Dubai crown prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum. He added Dubai’s existing sea and air network will be expanded to cover 200 new cities around the world.Sharjah to showcase its FDI potential at Dubai Expo 2020
Invest in Sharjah has confirmed participation at the world’s biggest fair and announced it will host discussions and specialized activities to promote business and investment opportunities in the emirate.Union Properties begins work on townhouses in Dubai’s Motor City
Union Properties, the Dubai-based developer, has begun work on the construction of Motor City Hills, building three-story townhouse villas.UAE’s ADNOC Drilling to list on Abu Dhabi Securities Exchange
ADNOC Drilling will list on Abu Dhabi Securities Exchange on October 3. The company will list under the trading symbol ADNOCDRILL.Al Mazaya’s subsidiary to sell Saudi firm stake
First Dubai Real Estate Development Co. board cleared the $51.4m deal.Rush to invest in Saudi mining sector heats up, 4073 applications received
Saudi Arabia has been flooded with license applications from investors at home and abroad to invest in its mining sector. The applications have been received on the portal of the kingdom’s Industry and Mineral Resources Ministry.UAE’s Amanat sells stake in Saudi IMC for $118m
The United Arab Emirates-based healthcare and education investment company, Amanat Holdings, has sold its 13.13 percent of minority equity stake in the Saudi International Medical Center for $118 million.Emaar Entertainment, Eagle Hills Diyar partner to take Reel Cinemas to Bahrain
Reel Cinemas will be the authorized cinema partner for the upcoming Marassi Galleria, a beachfront, world-class mega mall in Manama, Bahrain.Panasonic completes acquisition of Blue Yonder for $8.5bn
Panasonic has now purchased the remaining 80 percent of shares of Blue Yonder, adding to the 20 percent which Panasonic acquired in July 2020. The investment values Blue Yonder at USD8.5 billion.Qatar First Bank acquires office building in US
Fourteen555 is QFB’s eighth shariah-compliant real estate acquisition in the USA.UAE and KSA: Competing for a real estate pie
Saudi Arabia and the United Arab Emirates contributed about 70 percent of the total value of the Gulf Cooperation Council's real estate deals in the first half of 2021



















































