Du, Samsung ink agreement
The two companies have signed a three-year partnership.
Dubai to merge economy and tourism departments
Dubai intends to merge the departments of economy and tourism in order to attract some 25 million tourists by 2025 and to widen the emirate’s foreign trade. The merged entity will be headed by Helal Al Marri.UAE stocks lead higher, mixed show by Saudi index
TASI fluctuated during the week, owing to a rise in Aramco shares. The energy giant's net income grew to $30.4 billion in Q3.UAE’s top golfer stays in contention for tourney
Ahmad Skaik, who is the sole representative of the host UAE and the Gulf region, said he was happy to be in the tournament still because had not been playing well.Dubai cyclists hit the desert as sport gains traction
Abu Dhabi's Formula One circuit is handed over to cyclists several times a week, with other tracks available across the emirate.Emirates to launch daily Dubai-Tel Aviv flights from Dec.6
Emirates is to start daily flights between Dubai and Tel Aviv on December 6, the airline announced, in the latest sign of deepening relations since the UAE and Israel normalized ties in September last year. The Dubai-based carrier, one of the largest in the world, said the new service would...Dubai’s Wednesday realty transactions worth AED1.1 bn
The sales covered 314 villas and apartments worth AED645.92 million, and 29 land plots worth AED216.81 million.Dubai SME extends AED75.6 million in financial facilities to Global Village
The 25 kiosks were allocated for startups in the food and beverage (F&B) sector, chiefly restaurants and cafes, wholly owned and operated by UAE nationals. Priority was given to Dubai SME members, existing restaurants and cafes located in Dubai, new concepts, and entrepreneurs seeking to participate in Global Village for...Three agreements signed in Dubai for self-driving solutions
The first agreement was signed between Careem and Kiwibot to develop food and grocery delivery robots.DEWA to be listed on Dubai Financial Market in coming months
The listing is part of the Securities and Exchange Higher Commission’s strategy to increase the size of the stock market in the Emirate to AED3 trillion.Empower to buy DXB assets
The deal is valued at AED1.1 billion ($300 million).DFM to list 10 new firms
Dubai aims to increase its market volume to AED3trn.Dubai’s creative and cultural scene needs a wider reach: Sheikha Latifa
Dubai Culture shall have its own official social media channels for updates on the creative and cultural sector in the city besides serving as a source of inspiring stories for the media. Also, more space and time needs to be given to news from the creative and cultural industries to...UAE, UK to conduct exercise to toughen border controls against illicit finance
A key aim of the initiative was to understand how organised crime attempts to move illicit assets, such as the flows of cash and gold.Dubai increases ease of doing business by more than half
This was more than double the target of 30 percent reduction in business setup procedures that the emirate had set earlier this year.Dubai to plant more mangrove trees to preserve coastline
Dubai Municipality has begun a new drive to plant mangrove trees in Dubai’s natural reserves as part of its efforts to preserve and develop the coastal environment.Dubai CommerCity ties up with Khaleej Digital for e-commerce
Dubai CommerCity, the first and leading e-commerce free zone in the region, has partnered with e-commerce strategy consultant, Khaleej Digital.UAE fines, imprisons several for financial crimes
A top law official in the UAE has detailed several cases where the judicial system fined and jailed people for financial irregularities, and recovered sums to the tune of millions of dirhams from them. Many such people were also deported.Dubai discusses cooperation with Egypt
Dubai ruler Sheikh Mohammad bin Rashid Al Maktoum met Egypt’s Prime Minister Mostafa Madbouly at Expo 2020 Dubai.Half million visitors to Saudi pavilion at Expo 2020 Dubai
The total number of visitors to the Saudi pavilion exceeded 30 percent of Expo 2020 Dubai's total number of visitors.Damac board okays Maple buy
Maple is wholly owned by Damac ex-chairman Hussain Sajwani.Saudi index ends week down 0.4%, Qatar up 1.2%
In the UAE, the Abu Dhabi index added 0.2% with the International Holding Company gaining 0.7%. Dubai index ended the week 0.1 percent down.Dubai saw $1.33bn real-estate transactions over the week
The Business Bay came on top in terms of volume and value, recording 155 transactions worth AED170 million ($46.29 million).IsDB lists sukuk on Nasdaq Dubai
The $1.7bn listing strengthens its position as the largest Sukuk issuer on the bourse.Dubai leads MENA region in Global Cities Index
Despite the disruption caused by the coronavirus lockdown Dubai and Abu Dhabi have continued to advance in the race to become the global hub for business, a new report by management consultancy Kearney indicates.ÂUAE banking industry in recovery mode: UBF Chief
Al Ghurair said that the strong Q2 financial results of the UAE banks was an indication that the banking industry is back on the growth path following the decline in Covid-19 pandemicDubai looks to become equine industry hub
The emirate will see a number of new initiatives that will bring new opportunities to the sector, Sheikh Rashid bin Dalmouk Al Maktoum has said.Dubai approves Hatta master development plan
The Hatta master development plan is said to be aimed at developing Hatta, an exclave of Dubai, into a tourist spot that will also serve as a local and international destination for business and investment. It is expected to be implemented as part of a five-year development plan in the...Bavarian & DEWA discuss renewable energy collaboration
They also discussed boosting relations, and interchanging knowledge with German businesses.Saudi index reaches new highs on oil price rise
The oil price rise is expected to raise the economic growth of Saudi Arabia and the UAE. The kingdom is expected to grow by 5.1 percent next year.Ronaldo wearing ‘wrong’ shirt at Dubai’s Madame Tussauds
Dubai's Madame Tussauds said Wednesday it will soon change the shirt of the wax figure of Cristiano Ronaldo after online backlash that the Portuguese footballer was wearing the "wrong" jersey.Dubai records $4.4 billion realty sales in September, highest since 2013
The months leading up to the launch of Expo 2020 Dubai witnessed a surge in realty transactions, with September recording sales worth AED16.2 billion, the highest monthly sales since December 2013. A total of 5,762 sales transactions in September bring the year-to-date total value to over AED100 billion, according to...S&P says lackluster tourism to keep Dubai economy down
Although Dubai is set for a ‘modest’ recovery this year on the back of a high vaccination rate in the UAE and fewer Covid restrictions, but a slower rebound in international tourism could be a drag on the economy until the end of 2022.UAE makes up 88% of GCC investment in Sub-Sahara Africa
Over 3,000 government officials, business leaders and industry experts representing 91 countries took part in the 6th Global Business Forum (GBF) Africa in Dubai, conducted by the Economist Intelligence Unit, which featured two days of thought-provoking sessions highlighting business opportunities emerging across the continent.Oil-waste fire in Dubai under control
Dubai Civil Defense on Monday, October 18 brought under control a fire that had broken out at an oil waste disposal site in the Jebel Ali Industrial area in Dubai. The fire, which has broken out late in the morning, was brought under control by 2:40 pm.Dubai’s consumer confidence index jumps to 10-year high
Dubai’s consumer confidence index rose to its highest level in a decade during the third quarter of 2021, the Dubai Economy reported on Sunday.ÂInnovations in focus as Gitex Global begins
Artificial Intelligence, 5G, cloud, big data, cybersecurity, blockchain, quantum computing, Fintech and immersive marketing remain key focus of the five-day show.Slovakia debuts its first Hydrogen car at Expo 2020
The car has an aerodynamic design and is a sports model, and does not produce dangerous emissions.Saudi and UAE stock markets rebound
The Saudi and UAE bourses saw quite some ups and downs in the week that began on Sunday, October 10.Banking on apps for personal finance
People in the Middle Eastern countries are increasingly relying on apps to manage their money, streamline expenses and other banking needs.Brazil’s Paraná emulates UAE to be a logistics hub: Governor
In an exclusive interview with WAM in Abu Dhabi, Carlos Roberto Massa Ratinho Junior said the economic relations between his state and the UAE are on an upswingDubai court directs Nissan to pay $354m to Al Dahana in damages
A court in Dubai has directed Nissan Motor Co. Ltd. and Nissan Middle East to pay $354 million as compensation to Al Dahana FZCO in the case filed by the latter back in 2019.Africa needs to revamp transportation for economic development: DP World CEO
Africa offers significant potential for investment and economic partnerships that can create mutual benefits for UAE businesses and their African counterparts, said Sultan Bin Sulayem, CEO of DP World Group. Speaking at a session of the Global Business Forum Africa in Dubai, Bin Sulayem said that for trade links to...DSOA program to aid techpreneurs and startups
DSOA — a wholly-owned government free zone — is expected to launch the program at GITEX Future Stars 2021.Expo 2020, Microsoft join hands to create Minecraft experience
The Minecraft virtual world has been created especially for this occasion, with a special view on helping teachers educate students.UAE approves budget of AED 290bn to 2026
The cabinet also approved the 2022 budget, which calls for spending of AED 58.931 billion ($16.05 billion).Israel’s Expo pavilion mirrors warming ties with UAE
The visits of several Israeli ministers so far show the importance the Jewish state attributes to the event.Is Binance moving headquarters to Dubai?
The world’s largest cryptocurrency exchange recently registered three companies in Ireland and is currently setting up several regulatory companies worldwide. Binance is banned by several governments, while other countries are open to investigations into allegations such as market manipulation.Now an ad from the lowest place on the Earth
The new ad posted on the Twitter handle of the Israeli Pavilion at Expo 2020 Dubai has been videographed in The Dead Sea, the lowest land-based elevation on Earth.DEWA, Ireland explore digital technology cooperation
DEWA CEO Saeed Mohammed Al Tayer and Ireland’s Minister of State for Trade Promotion, Digital and Company Regulation at the Department of Enterprise, Trade and Employment, Robert Troy discussed ways to develop ties especially in digital technology and industry, besides other areas of common interest.DEWA gets $10.9bn via IPWP model
DEWA used the IPWP model in a number of its key projects.