What to know about the NASA-funded commercial Moon fleet
Washington, United States - The year 2024 promises to be a busy one for American Moon landings, all under a new partnership between NASA and the space industry. A first attempt under the Commercial Lunar Payload Services (CLPS) initiative ended in disappointing failure last month, but a second, led by Houston-based...
Dubai allots some 18,000 e-trader licenses in five years
Dubai has allotted some 18,013 e-trader licenses during the last five years, according to a government report.Abu Dhabi Business Centre adds 80 new economic activities during 2021
The Abu Dhabi Business Centre (ADBC), a part of Department of Economic Development (ADDED), announced that 80 new economic activities were added during 2021, brining the total of economic activities to 4062 by the end of last year. New added activities cover many vital business sectors, including 40 new commercial...Jordan and Azerbaijan look to boost trade ties
According to the statement, a Jordanian-Azerbaijani Economic and Investment Business Forum will be held in the coming periodAjman Chamber membership grows by 35 percent in 2021
The membership of the Ajman Chamber of Commerce and Industry (ACCI) grew by 35 percent in 2021, according to Muhammad Ali Al Janahi, Acting Director-General of ACCI. Janahi said the increase in the number of members reflects the Chamber’s efforts in promoting Ajman’s economic fundamentals and investment opportunities available in...Dubai Next expects increase in ‘fund seekers’
Dubai Next, the digital crowdfunding platform that has attracted many young innovators and start-up ideas, is anticipating an increase in fund-seekers and contributors.Dubai issues 24,662 new business licenses in Q1 2022
Dubai has issued 24,662 new business licenses in Q1 2022, a report by the Department of Economy and Tourism (DET) said. This marked a growth of 58 percent from Q1 2021, when 15,580 licenses were issued. DET Business Registration and Licensing (BRL) issued its first-quarter 2022 report on the business...Economic licenses issued in Abu Dhabi saw 21.5 percent growth in 2021
Abu Dhabi issued 25,427 new economic licenses in 2021, an increase of 21.5 percent compared to the 2020 figure of 20,925, according to the 2021 Business Activity Report published by the Abu Dhabi Business Center at the Abu Dhabi Department of Economic Development (ADDED) . The report said that renewed...Egypt and Saudi Arabia to boost bilateral economic cooperation
Hala Al-Saeed, Egypt’s minister of planning and economic development, discussed ways to enhance future cooperation between Egypt and Saudi Arabia with Majid bin Abdullah Al-Qasabi, Saudi minister of trade. The discussions took place on the sidelines of the meetings of the Governance Council of the Arab-Africa Trade Bridges Program. Al-Saeed...Inaugural session of Qatar-Nigeria Economic Forum begins
The Qatar-Nigeria Economic Forum kicked off in Lagos, the economic capital of the Federal Republic of Nigeria.Qatar Airways hits out at Airbus as new jet grounded in paint dispute
Qatar Airways has secured an injunction preventing Airbus from cancelling deals for other jets as the two are involved in a legal battle.Dubai Maritime City launches $38m infrastructure project
Dubai Maritime City (DMC), DP World’s purpose-built maritime hub, announced the launch of a major project worth AED140 million ($38.1 million) to develop its infrastructure.New South Wales displays agri-food innovations at Expo 2020
The Australian state of New South Wales (NSW) displayed its agri-food innovation and manufacturing capabilities to strengthen further its ties with the UAE at a dinner event held at the Australia Pavilion at Expo 2020 Dubai. The event was led by Vish Padmanabhan, NSW Senior Trade Commissioner to India and...Governors of UAE and Turkey central banks to collaborate in banking sectors
The meeting was held on the sidelines of the official visit of Turkish President to the UAE.DWC Airport to host Business Aviation Event ‘MEBAA’ in December
DWC Airport in Dubai will host the MEBAA Show, a business aviation platform, from 6-8 December 2022. The event will showcase the latest trends, insights, innovation and commercial opportunities shaping the future of business aviation and private flying in the Middle East and globally. Several international companies have already signed...e-Trader licenses issued by Dubai’s BRL up 6 percent in 2021
The Business Registration and Licensing (BRL) unit of Dubai’s Department of Economy and Tourism (DET) has issued 16,409 e-Trader licenses since its launch in March of 2017 till end of 2021. The BRL sector also reported that the total number of e-Trader licenses issued in 2021 reached 6,217, a six...Dubai issues 72,152 new business licenses in 2021, 59 percent professional
Dubai issued 72,152 new business licenses in 2021, a growth of 69 percent compared to 2020 when 42,729 licenses were issued. According to the official data, 59 percent of new business licenses issued in 2021 were professional and 41 percent were commercial. Bur Dubai accounted for the largest share (48,562)...ADDED lays down strict rules on ‘hazardous materials’
ADDED has directed commercial and industrial facilities in the Emirate to license warehouses of hazardous materials away from their headquarters as branches to support its role in monitoring the movement of hazardous materials.Investcorp acquires Resa Power
Resa serves over 6000 clients across the US and Canada.UAE tax authority tour ensures readiness of tourist VAT recovery scheme
The Federal Tax Authority of the UAE has organized field tours to ensure the readiness of Self-Service Kiosks, which allow tourists to recover Value Added Tax on their purchases. The kiosks have been placed at all exit ports included in the VAT Refund Scheme for Tourists. Tourists can submit their...Three laws introduced in UAE after the biggest-ever amendments
The UAE has introduced three new economic laws, with the government saying these laws underwent the largest legislative amendments of their kind in the history of the country. Approved last month by Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, the amendments were made to more than 40...Q3 real estate transactions worth $1.55 billion recorded in Sharjah
Real estate transactions worth AED5.7 billion ($1.55 billion) were recorded in Sharjah during the third quarter of 2021, an increase of 22.7 percent compared to the same period last year. A report by the Sharjah Real Estate Registration Department said the rise in the number of transactions indicated a retreat...Dubai sets up two new courts for securities disputes
Dubai Courts has established two new courts in the Commercial Court in order to speed up settlement of securities-related disputes. It has also announced the establishment of a law enforcement committee for Dubai’s financial markets.Sharjah Economic Development Department processes 14,210 licenses during Q3
Sharjah Economic Development Department (SEDD) has processed 14,210 licenses submitted through its smart applications on its website as well as service centers during the third quarter of 2021. Of the 14,210 licenses, 1,473 were issued licenses and the 12,737 renewed ones. SEDD data said commercial licenses took the lead with...Expats leaving Oman can retain properties under usufruct scheme
The scheme allows them to manage properties from outside the country through law firms or realtors.First commercial flight lands in Kabul after Taliban takeover
An international commercial flight touched down in the Afghan capital on Monday, the first since the Taliban retook power last month.Gulf Air to start flights to Tel Aviv
The airline will operate two weekly flights from September 30Tabreed ups cooling-scheme stake
The exclusive scheme supplies Al Maryah Island in Abu Dhabi.HSBC MENA’s pre-tax profit at $700m in H1
Economic recovery in the region helps the bank post $386 million profit in the June quarter.Kuwait records realty deals worth $1.3 billion in June
Al Ahmadi Governorate accounted for 67.7 percent of the 1,271 deals, followed by Hawalli and Jahra governorates.69 percent firms operating in Business Bay commercial: Report
Number of businesses operating in Business Bay reach 17,893 General trade tops the list of licenses activities The number of businesses operating in the Business Bay has reached 17,893, the majority of which are commercial, said a report. Of these, 69 percent are Commercial (12,352), followed by Professional (29...Saudi Arabia grants 30,000 commercial registrations to women this year alone
To receive a commercial registration, applicants must be at least 18 years old, not be a government employee Registrations were across a number of fields including wholesale trade, retail, motor vehicle Keeping up its drive to encourage more and more women to join the workforce in Saudi Arabia, the...