Abu Dhabi, UAE--The Securities and Commodities Authority (SCA) has signed a memorandum of understanding (MoU) with the UAE Banks Federation (UBF) to foster mutual cooperation in developing the financial sector.The aim is to establish the UAE as a major attraction for asset and wealth management in line with the government’s...

Manama, Bahrain--Bahrain has climbed up to ninth position in the top destinations in the world for expatriates, according to report published by global expat network InterNations.The country gained the higher position out of all the countries in the Middle East thanks to the ease of getting a visa, dealing with...

The deposit comes a day after Saudi Arabia transferred $2 billion to Islamabad and brings the state's foreign reserves to $7.5 billion -- more than double last week's account balance. The economy has been stricken by a balance-of-payments crisis as it attempts to service crippling external debt, while months of...

New firm is a $54 million corporate venture capital fund.

It is for capital expenditure of T4-NGS satellite program.

DUBAI, UAE – Dubai Chambers is taking a big initiative for ensuring that businesses in the emirate provide excellent customer service.The Service Excellence Program (SEP) will evaluate the quality of customer experience delivered by private sector companies through mystery shopper reports.The initiative will ensure the implementation of global best practices...

A minority stake in Breakwater Energy cost it US$100m.

The oil-rich Gulf monarchy, which will host this year's COP28 UN climate talks, last week unveiled plans to cut domestic emissions by 19 percent of 2019 levels by 2030. Under these plans, the UAE would contribute to keeping warming to "just below" 2.0 degrees Celsius above pre-industrial levels, the UAE's...

Dubai, UAE -  Credit Suisse Qatar CEO Aladdin Hangari is joining HSBC. Patrick D’Amico, a Zürich based Credit Suisse Managing Director and Strategic Client Partner, as well as several other senior team members will be joining HSBC with him. D’Amico and his colleagues are a leading Middle East banking team advising...

Vienna, Austria-- Looking to ramp up trade and business relations, the United Arab Emirates has signed an air transport services agreement with Austria at the Ministry of Foreign Affairs in the capital, Vienna.The agreement, which aims to strengthen air transport relations between the two countries, was signed on behalf of...

Saudi Arabia is leveraging digital solutions to streamline travel, link tourists with local enterprises through apps, and enhance experiences via VR, boosting the 'wow' factor with unique projects for global visitors.

Dubai, UAE--Dubai Investments and E20 Investment have signed a memorandum of understanding (MOU) to develop 3,750 Ha of agricultural land in Angola, harnessing the potential of the country’s agricultural sector for sustainable growth and economic development.E20 Investment, specializes in investing in and operating farms and processing facilities across the globe,...

Ulaanbaatar, Mangolia--The UAE and Mongolia are looking to boost trade and investment cooperation with a focus on the agriculture sector.The two countries held discussions to ramp up collaboration during the visit of Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, to Mongolia. He is leading a...

"The UAE government prioritizes keeping pace with global advancements to proactively address opportunities and challenges," adds Al Olama. "This priority includes fostering collaboration among government entities, aiming to expedite the UAE's digital transformation, and harnessing technology to design innovative models for a sustainable economy."

Abu Dhabi, UAE-- Some 5,000 new jobs have been opened up in the healthcare facilities by the Department of Health, Abu Dhabi under its "Tawteen" program for UAE nationals.All healthcare facilities in Abu Dhabi will provide the jobs for UAE nationals by the end of 2025.DoH called on all healthcare...

GFCF will triple its production after setting up its Phase II in Musasafah.

There will be a process to select the best proposal.

Abu Dhabi, UAE -- NEOPLY, a South Korean blockchain technology company, will establish its global headquarters in Abu Dhabi, the Abu Dhabi Investment Office (ADIO) said Monday and added that the move underscores emirate's appeal as a magnet for innovation-driven companies.NEOPLY provides a decentralized finance (DeFi) platform and a variety...

ABU DHABI, UAE - The UAE ranked seventh in the world in terms of per capita national income, according to the latest data released by the World Bank.The per capita income in the UAE, based on purchasing power parity (PPP) in current international dollars, rose to Int$87,729 in July 2022,...

A TRENDS exclusive report takes a hard look at how tens of thousands of white-collar workers in Middle East are falling victim to burnout brought about by workplace stress.

PGA Tour and the Public Investment Fund (PIF) are partnering on creating a for-profit company that combines the PGA Tour's commercial business and its media rights. 

A TRENDS exclusive report takes a hard look at how tens of thousands of white-collar workers in Middle East are falling victim to burnout brought about by workplace stress.

Dubai, UAE - Dubai Electricity and Water Authority (DEWA) in the UAE has recently announced that its 3D printing efforts have resulted in significant cost savings of AED 509,658 ($137,000) during the years 2021 and 2022. The organization successfully produced over 1,800 spare parts for various divisions including generation, transmission, and...

DUBAI, UAE- Dubai Electricity and Water Authority (DEWA) aims to grow the city’s network of public charging stations by 170 percent in less than three years, local media reports said.This is in accordance with Dubai's plan to expand its electric vehicle (EV) charging infrastructure.By 2025, EV Green Charging Stations in...

DUBAI, UAE -  Around 79,000 UAE nationals are working in the private sector, the Ministry of Human Resources and Emiratization (MoHRE) revealed on Sunday as the deadline for companies with 50 employees or more to achieve a one percent Emiratization growth in skilled jobs has ended.These numbers reflect the highest-ever...

Arab universities are increasingly focusing on quality and research, and many of them are making efforts to internationalize their programs.

DUBAI, UAE - Director-General and Chairman of the Board of Executive Directors of Dubai’s Roads and Transport Authority Mattar Al Tayer said that RTA recorded 814 million digital transactions in 2022.“In 2022 RTA recorded 814 million digital transactions up from 676 million in 2021, reflecting a robust growth rate of...

France's energy transition minister Agnes Pannier-Runacher left the world's biggest oil exporter early Sunday morning after meeting with her Saudi counterpart. Emissions reduction targets can be more credible "when we give ourselves objectives in a short period -- 2030-2035 -- and therefore do not postpone the subject to 2050," Pannier-Runacher said in...

ABU DHABI, UAE -  UAE Ambassador to the Republic of Chad Rashid Saeed Al Shamsi on Sunday opened a field hospital in Amdjarass city. The UAE built the hospital in Chad to support Sudanese refugees.The initiative is the result of joint cooperation between three humanitarian entities in the UAE represented...

DUBAI, UAE- Dubai Electricity and Water Authority (DEWA) said the MENA Solar Conference (MENA-SC) which it organizes from November 15-18 2023, will discuss six innovative research areas. Prominent experts, specialists and researchers worldwide will highlight the latest developments, technologies and scientific research in solar power, local media reports said.The four-day...

Mumbai, India--The UAE’s Minister of State for Public Education and Advanced Technology Sarah Al Amiri has urged the global community to collaborate more closely in the field of research and innovation in order to find solutions to international challenges.Addressing ministers at the G20 Research and Innovation Initiative Gathering (RIIG) Research...

Dubai, UAE - Israel ranks in 5th place out of the 167 countries on the index of the world’s healthiest and unhealthiest countries. Singapore was rated as having the top service and state of health globally in 2023.Asia is well represented generally, with the four top places rounded off by Japan,...

Dubai, UAE--Dubai Electricity and Water Authority (DEWA) has exhorted community members to ensure that safety standards are always in place in their homes, especially before traveling or being away for long periods. DEWA urged its customers to follow its tips and guidelines to improve the efficiency of electricity and water...

Abu Dhabi, UAE-- In order to protect natural rangelands and promote sustainable traditional grazing practices, the Environment Agency – Abu Dhabi (EAD) has begun issuing licenses to owners and breeders of livestock to regulate grazing and all related activities in Abu Dhabi. The licensing policy has been introduced to ensure...

Dubai, UAE -- A total of 3,244 real estate transactions worth over AED 13.6 billion ($3.70 billion) were conducted during the week ending 7th July, 2023, according to figures released by the Dubai Land Department (DLD).The DLD report showed that 323 plots were sold for AED 3.33 billion, while 2,237...

Dubai, UAE - The United Arab Emirates (UAE) pledged on Thursday $15 million to support the rebuilding efforts in the Palestinian city of Jenin in the occupied West Bank. The announcement comes in the wake of a major Israeli operation in the area earlier this week, which resulted in significant...

DUBAI, UAE  - Dubai's real estate market recorded 669 sales transactions worth US$792 million (AED2.91 billion) on Thursday, data released by Dubai's Land Department (DLD) showed.DLD said 134 mortgage deals totaling US$73 million (AED268.19 million), and 89 gift deals amounting to US$27 million (AED101.47 million).The sales included 567 villas and...

MENA is an important market for Verition.

"The UNCTAD report for 2022 reaffirms the remarkable and unprecedented achievements resulting from the cumulative balance of FDIs flows in the UAE. These outcomes serve as a testament to the insightful guidance and foresight of our wise leadership in fostering a robust and sustainable national economy," UAE Minister of Economy...

New Delhi, India - Russian academic Sergey Luzyanin has suggested that the United Arab Emirates' Dirham could be considered as a potential currency for India-Russia trade in an interaction between Indian and Russian experts following the Shanghai Cooperation Organisation (SCO) virtual summit organized by India.  The discussion, organized by the Russian...

Dr. Sultan bin Ahmed Al Jaber believes that the Caribbean region will have a key role at COP28 in bringing countries together and contributing to a consensus-driven approach across "every climate pillar." He affirmed a just energy transition can be delivered that embraces clean technologies, without sacrificing energy security or...

Abu Dhabi, UAE - The total direct and indirect economic impact is estimated at AED 48 billion ($13 billion) the UAE Minister of State for Foreign Trade Dr Thani bin Ahmed Al Zeyoudi told  the Emirates News Agency (WAM). Al Zeyoudi said that the UAE is one of the largest re-export...

Dubai, UAE - The International Federation for Falconry Sports and Racing (IFFSR) announced it will host the inaugural editions of the IFFSR Cup for international teams and the International Forum for Falconry Sports and Racing in December 2023.Second Deputy Ruler of Dubai and Chairman of the Federation Sheikh Ahmed bin...

The country received the fourth largest number of greenfield projects (997), an 84 per cent increase, behind only India (1008), the UK (1230) and the US (2075), according to the UN Investment Report 2023. UAE's impressive numbers led to an increase of the projects in West Asia by two thirds.

Dubai, UAE - Saudi Arabia has introduced a new electronic visa system for Muslims intending to embark on the spiritual journey of Umrah. The Ministry of Haj and Umrah aims to facilitate the pilgrimage experience for Muslims worldwide by initiating this streamlined online application process. The visa issuance has commenced, and...

Making a strong push for transition to a green economy by building a clean energy infrastructure, Dubai saw the launch of the first phase of the plant at Warsan. Speaking at the site, the crown prince of Dubai said that the emirate has steadily expanded its capacity to produce energy...

Abu Dhabi, UAE - The Barakah One Company (Barakah One) - a joint-venture between the Emirates Nuclear Energy Corporation (ENEC) and the Korea Electric Power Corporation (KEPCO) - has completed the refinancing of the Barakah Nuclear Energy Plant, working with key banking institutions in the UAE.The company has refinanced the...

DIFC provides a platform for AB to expand its wings.

Dubai, UAE - A program that enables companies to access innovative and affordable cybersecurity solutions was introduced at a workshop on cyber security organized by the Dubai Chamber of Commerce.The special one-year package, jointly developed by Dubai Chambers and Mastercard, is designed to support companies in evaluating and improving their...

Dubai, UAE--The UAE's financial advisory market is expected to reach a market volume of nearly $239 billion by the end of this year.According to Bas Kooijman, CEO and Asset Manager of DHF Capital S.A., the UAE's ultra-high-net-worth individuals (UHNWI) demographic is projected to grow at a compound annual growth rate...