The quarterly GDP growth rate reached its highest value in six years during the second quarter of 2022.

Abu Dhabi, UAE— The Abu Dhabi Department of Economic Development (ADDED) has partnered with Prototype Interactive to support inventors in developing their ideas into innovative digital and technological applications that will contribute to a sustainable economy. The Memorandum of Understanding (MoU), signed between COAD and Prototype Interactive, allows inventors to...

Increased energy costs and supply chain disruptions caused by the epidemic would be a considerable burden for Gulf countries, which rely heavily on imports, says a report.

ABU DHABI, UAE - The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has announced the launch of the first permanent livestock auction market in Abu Dhabi to help breeders market their animals, develop the livestock sector and promote self-sufficiency. During a press conference, ADAFSA announced that the first auction...

PRAGUE, CZECH REPUBLIC - Members of the UAE-EU Parliamentary Friendship Group of the Federal National Council (FNC), headed by Sarah Mohammed Falkinaz met with the members of the UAE-Czech Parliamentary Friendship Committee, headed by Margita Balaštíková. The meeting was also attended by Afraa Al Basty, FNC Assistant Secretary-General for Parliamentary...

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA), which is listed on the Dubai Financial Market (DFM), has announced that the company’s second General Assembly meeting will be held physically and virtually on December 12, 2022. The assembly will vote on the recommendation of the Board of Directors to...

Abu Dhabi, UAE---Poland has opened a representative office in UAE capital Abu Dhabi to fuel the growth of bilateral trade and investments between the two countries. The announcement of the launch was made at the Poland Business Forum, which started on Friday with the aim of discussing the prospects of accelerating...

The AIM Global 2023 is supported by the Ministry of Industry and Advanced Technologies, with the ADDED as a lead partner.

DHAKA, BANGLADESH - The UAE participated in the Indian Ocean Rim Association's (IORA) 22nd Council of Ministers (COM) meeting and the 24th Committee of Senior Officials (CSO) meeting held in Dhaka, Bangladesh from November 22 to 24. The UAE delegation was led by Ahmed Ali Al Sayegh, Minister of State...

The company is the largest quick service restaurant operator in MENA.

The two leaders reviewed existing areas of partnership and explored opportunities to develop ties further.

ABU DHABI, UAE - Insurance shares distributed among beneficiaries is one of the most essential privileges in the Federal Law No. 7 of 1999 for pension and social security, said the General Pension and Social Security Authority (GPSSA) on Thursday. The authority stressed that shares are distributed to the daughter,...

ABU DHABI, UAE - The Abu Dhabi Department of Economic Development (ADDED) has completed the e-link project with four freezones to integrate and create a unified database of economic licenses in the Emirate of Abu Dhabi. These include KEZAD Group, which consist of 12 economic zones, Abu Dhabi Airports Free...

The 252,000 square metre fulfilment centre facility is being designed and developed by KEZAD Group under a Build-to-Suit agreement.

"Both of our national leaders (in the UAE and China) are keenly aware of the fact that, as two advanced countries at the forefront of technological innovation, it is especially incumbent upon us to be active global stakeholders at this precarious time. We know the threat is real," he adds.

Abu Dhabi, UAE— AD Ports Group will conduct a joint training exercise at Delma Port on November 24. The exercise, which will simulate a maritime incident at the port, is part of ongoing planning and preparation for emergency and crisis response in Abu Dhabi. Thirteen government entities are scheduled to...

Fintechs remain popular with investors mainly due to their scalability, rapid market growth and dependency of people on technology, says Theresa Doan of SEE Institute.

ABU DHABI, UAE - The Abu Dhabi Judicial Academy (ADJA) celebrated the graduation of the first batch of the foundation training program for legal researchers. The 'Certified Government Legal Advisor' program was implemented in cooperation with Abu Dhabi School of Government (ADSG), with a total of 554 training hours and...

They will optimize online grocery shopping for UAE customers.

ABU DHABI, UAE - Abu Dhabi's Department of Health (DoH), the regulator of the healthcare sector in the Emirate, and US-based Eversight, a non-profit, partnered to establish the UAE’s first eye and tissue bank. The pact will lead to the creation, development and operation of a comprehensive and seamless eye...

Al Suwaidi welcomed AIIB’s decision to opt for Abu Dhabi as the preferred location to have its first operational office outside of China.

Affirma is in talks with Moelis & Co. on the sale of its minority stake in the company, sources told the agency.

Abu Dhabi, UAE—Masdar will develop a 100 megawatt solar plant in Turkmenistan, the company's first such project in the country. In this regard, Masdar signed a joint development agreement (JDA) with Turkmenenergo State Power Corporation of the Ministry of Energy of Turkmenistan (Turkmenenergo). The JDA signing was witnessed by Serdar...

Raising capital, in general, has become difficult for startups in wake of global and regional issues but the Kingdom is in better position, says Nomow's Sumaya Ali Algabbass.

The country's inflation has risen with global trends and is expected to average just over 5 percent this year, while fiscal and external surpluses have increased further, benefiting from the higher oil prices as well as the removal of the temporary COVID-crisis related fiscal support, IMF said.

The agreement comes as Abu Dhabi accelerates its development of solar energy solutions to support the wider UAE net-zero emissions by 2050 agenda.

The agreements included one between the foreign affairs ministries of the two countries and an MoU in the agricultural and food security sector.

DMCC Tradeflow is an online platform for registering the ownership of commodities stored in UAE facilities.

Abu Dhabi, UAE— The UAE's Ministry of Energy and Infrastructure has announced the approval of the federal law regulating the linkage of distributed renewable energy production units to the electrical grid. The new law aims to enable the production of electricity from renewable sources and achieve the UAE's objectives in...

The company bought four rigs between May and Aug. this year.

The new container shipping service links Karachi with the region’s major ports within UAE, KSA, Egypt, Jordan, Sudan and Djibouti.

Queues have built up outside the FIFA ticket centre in Doha and fans report long waits to get onto the official online ticket platform. The spokesman said Qatar, Saudi Arabia, the United States, Mexico, Britain, United Arab Emirates, Argentina, France, India and Brazil were the top markets.

ABU DHABI, UAE - The Abu Dhabi Department of Economic Development (ADDED) has launched the 'Abu Dhabi Smart Manufacturing Index', that guides and facilitates private sector players’ transition to Industry 4.0 technologies. This is a part of its initiatives and objectives set forth by the Abu Dhabi Industrial Strategy which...

SHARJAH, UAE - ASAS Real Estate Company, the real estate arm of Sharjah Islamic Bank (SIB), announced the launch of the second phase of sales of the "Al Rahmaniyah Commercial Lands" project. The project follows increasing demand for the company's latest real estate projects. Located in the Rahmaniyah suburb of...

Abu Dhabi, UAE---The Federal Tax Authority (FTA) has called on registered taxpayers to benefit from the decision to re-determine administrative penalties on taxes, which are 30 percent of the total outstanding amount of penalties that were not paid before 28 June 2021. They have also been asked to ensure they...

Saudi equities rose on November 13 but the index fell during the rest of the trading days. UAE stocks started on a downward trend but finished the week higher.

The pact were inked during the B20 Summit in Bali, Indonesia.

SHARJAH, UAE - The 9th edition of the Sharjah International Travel and Tourism Forum (SITTF) is set to kick off at the Sharjah Expo Centre on November 24, 2022, under the theme 'Building a Resilient Future for Tourism'. The forum will be held under the patronage of Sheikh Sultan bin...

MSC Opera will join MSC World Europa and MSC Poesia which arrived at Doha Port earlier, to offer a luxurious hospitality experience to fans of the FIFA World Cup Qatar 2022.

ABU DHABI, UAE - The Indonesian Government, G42, a UAE-based AI and cloud computing company, a global nonprofit OceanX and G-Tech Digital Asia (G-Tech) have announced the signing of a Letter of Intent to establish a collaboration to develop ocean research to help protect the marine environment. The Letter of...

Saudi retail tranche remains unchanged at 10 percent.

ABU DHABI, UAE - Abu Dhabi Fund for Development (ADFD) participated in the first plenary session of the Council of Foreign Investors in Uzbekistan. The session was held under the chairmanship of President of Uzbekistan Shavkat Mirziyoyev. The discussions focused on fostering economic development in Uzbekistan by facilitating investment in...

They would set up UAE's largest aluminum recycling facility.

Dubai, UAE---United Arab Emirates private school operator Taaleem Friday said it has set the price of  its Initial Public Offering (IPO) at AED3 per share ($0.8168), raising AED750 million ($204 million). Taaleem, which runs 26 premium schools in the UAE, will sell 250 million shares, equivalent to 25 percent of...

ABU DHABI, UAE - UAE Minister of Economy Abdullah bin Touq Al Marri visited the Havana International Fair 2022 in the Republic of Cuba, at the invitation of the Cuban government. The visit was aimed at exploring opportunities for cooperation and establishing new economic partnerships between the UAE and Caribbean...

As the world gears up for the FIFA World Cup 2022 in Qatar, the positive ripple effect is being felt in the business fraternity across the Gulf region, especially in the UAE.

ABU DHABI, UAE - Abu Dhabi Public Health Center (ADPHC) has signed an agreement with the Africa Centers for Disease Control and Prevention (Africa CDC) to advance research and knowledge exchange and facilitate collaboration across key public health areas. The agreement was signed by Director-General of the ADPHC Matar Saeed...

The banks said in two separate regulatory announcements that all assets and liabilities of HSBC Oman will be transferred to Sohar International.

The regional economies -- set to expand by 6.9 percent in 2022 -- may moderate to 3.7 percent and 2.4 percent in 2023 and 2024 respectively, says a World Bank report.

The two leaders discussed mutual ties, including the agenda of the summit.