It will help customers to seamlessly process transfers.

Form Saudi Arabia to the UAE, Qatar to Kuwait, governments of the region compete to jumpstart an industrial sector. But doubts remain whether it can be pulled off.

DUBAI, UAE - Dubai consolidated its status as a central hub for international business events in 2023, with the city winning a record 349 bids to host international conferences, congresses, meetings and incentive travel programs. Driven by Dubai Business Events (DBE), the city's official convention bureau, the wins reflected a...

Maritime Hub Abu Dhabi will boost the marine sector.

Dubai, UAE--Dubai Airports is expecting annual passenger traffic at Dubai International (DXB) to touch 86.8 million – surpassing 2019 traffic, propelled by strong growth throughout the first three quarters of the year and anticipation of an exceptional surge in guest numbers in the final quarter. DXB commenced the second half...

Dubai, UAE-- The UAE is a key market for French businesses due to its strategic location as a hub and gateway to the entire region, said Axel Baroux, the French Trade Invest Commissioner to the UAE and the Regional Director of Business France in the Middle East. Speaking to the...

AMMAN, JORDAN -The Kingdom’s Ministry of Energy and Mineral Resources has emphasized the significance of current and upcoming electrical interconnection initiatives to enhance the system and advance the energy sector. This move will ultimately help position Jordan as a hub for regional energy exchange in all its forms. According to...

DUBAI, UAE –   Bitay, a cryptocurrency platform from Turkey, announced its expansion into the UAE's burgeoning crypto market. The UAE, which has an impressive 99% internet penetration rate according to a McKinsey study, welcomes Bitay. This move aligns with the UAE’s growing stature as a global digital hub and its...

The new set of conditions brought in by the finance ministry look to shore up the integrity of the corporate tax system in order to boost the UAE's appeal as an investment haven.

Tehran, Iran--Iranian President Ebrahim Raisi has claimed that health tourism in the country has attracted patients from neighboring countries and even Central Asian states who prefer to get medical care in Iran rather than in Europe. Raisi made the remarks on Friday as he inaugurated Ghadir Major Hospital in the...

It is expected to propel Qatar as an investment hub.

Dubai, UAE -- Abu Dhabi's Department of Economic Development (ADDED) has joined forces with Valeo, a global automotive technology company, to establish a technology hub in Abu Dhabi for the production of autonomous and electric car components. The partnership aims to accelerate the growth of the automotive industry in the...

Dubai, UAE-- Some 27 million taxi rides were undertaken in Dubai in the first three months of 2023, up one million from the same period last year. According to the Roads and Transport Authority, the latest figures underscored the sector's “remarkable growth” over the past five years. The increase in...

Baghdad, Iraq--Iraq is looking to deepen cooperation with Iran in the transport sector and facilitate the movement of pilgrims between the two countries. The issue was discussed in a meeting in Baghdad between the Iranian and Iraqi ministers focusing on the ways to expand cooperation between the two countries. The meeting...

Ras Al Khaimah, UAE--More than 1,800 new companies have set up their businesses in Ras Al Khaimah Economic Zone (RAKEZ) in the first quarter of 2023, registering a 122 percent jump as against the same period of last year. Ramy Jallad, CEO of Ras Al Khaimah Economic Zone (RAKEZ), said...

DUBAI, UAE -  Art Dubai, the leading international art fair for the Middle East and Global South, on Sunday announced that the five-day event, held on March 1-5 2023, has provided a direct economic impact of US$39 million (AED143 million) to the city. New figures revealed in the Economic Impact...

ALEPPO, SYRIA - A building collapsed Sunday in Syria's war-damaged second city of Aleppo, killing 16 people including children, authorities and media reported. Much of Aleppo was destroyed during Syria's conflict that began nearly 12 years ago and left many of the remaining structures in a decrepit state. "The number of...

SHARJAH, UAE - Sharjah Chamber of Commerce and Industry (SCCI) in 2022 continued its role in creating investment environment and reinforcing the position of the emirate of Sharjah as a global business hub. The SCCI also bolstered its competitiveness by protecting the interests of businessmen and supporting its members in...

While the crypto ecosystem still reels from the collapse of FTX, and investor apprehension about the future of the digital asset, Dubai's regulatory mechanism to oversee cryptocurrency entices big players to the city.

The Ministry of Energy and Infrastructure (MoEI) announced the launch of the "UAE Maritime Network".

With the entry of Cloudflare, a top-rated American content delivery network, into its rapidly expanding zone, Dubai Internet City has entrenched its position as a preferred hub for new economy companies in the region.

The emirate, which boasts a thriving community of startup incubators and accelerators, tops the list for foreign direct investment and technology transfer in startups, artificial intelligence and robotics sectors.

The exchange is based in Dubai Multi Commodities Centre.

Dubai plans to attract 50 multinational companies within three years and push the external expansion of 100 companies from Dubai to priority foreign markets within two years, Dubai media office said, citing Dubai International Chamber. The strategy is also aimed at supporting and motivating multinational companies to list on the...

Dubai Integrated Economic Zones (DIEZ) Authority has appointed a new leadership team to drive its free zones and central divisions. Amna Lootah was appointed as a Director General DAFZ to lead and implement strategic plans according to the approved structure, driven by its vision, mission, and values. Further, Lootah will...

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. 

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.

Kuwait Ports Authority (KPA) has approved a proposal to build the Middle East’s first city to serve electric vehicle manufacturers, making it the hub in the region.

The government will work with the private sector, including local and international investors, to achieve the goal The kingdom is open to discussions with heavyweights like Amazon, Google, and other players willing to invest in the kingdom Saudi Arabia is looking to transform the kingdom into the main data center...