The two Gulf countries play a major role in strengthening the economic and sustainable development in Indonesia, which is hosting the 17th G20 Summit.

Firm's adjusted net profit grew to $16.5 million in Jan-Sep 2022.

Pact will help SMEs in UAE gain access to key banking services.

Firm approved interim dividend payment of US$54m.

The firm's policy allows AED800m dividend annually.

Dubai, UAE— Etihad Credit Insurance (ECI) has reviewed its programs and initiatives in a meeting chaired by Abdulla bin Touq Al Marri, UAE Minister of Economy and Chairman of the Board of Directors of ECI. The meeting reviewed a series of ECI’s comprehensive programs and initiatives, which are aligned with...

The Gulf ministers review projects aimed at strengthening joint Gulf action in tourism as well as strategic partnerships between the GCC and other countries and stakeholders.

BALI, INDONESIA - Speaking at the B20 Summit in Bali, Indonesia, Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi provided details on how the UAE continues to work to mobilize international efforts to stimulate trade and investment flows around the world. He said, in the keynote...

Many Gulf states, including the region's two biggest economies, raised key interest rates earlier this month after the US Fed hiked its key policy rate.

Robust property sales helped firm enhance revenue.

Onshore revenue for the period was $1.074 bn, up 25% YoY.

SOLO, INDONESIA - President Sheikh Mohamed bin Zayed Al Nahyan and President Joko Widodo of Indonesia held talks aimed at further strengthening relations between the two countries. Their meeting came as part of the UAE President's working visit to Indonesia to participate in the G20 Leaders' Summit at the invitation...

Dubai, UAE---Etihad Credit Insurance (ECI) has issued AED6.3 billion ($1.71 billion) in trade guarantees  in the first nine months of 2022. ECI's third meeting this year, chaired by Abdullah bin Touq Al Marri, Minister of Economy and Chairman of the Board of Directors, was told that the guarantees were equivalent...

"Today's world is witnessing a scientific and technical boom, which is the fastest and most advanced through all the stages of human history. At the same time, we are facing several unprecedented challenges that threaten humans, with climate change representing the most severe problem," he adds.

A high number of residential and commercial units delivered in 2022 means tenant retention will become more critical, and rental rates across all major assets are expected to rise.

The firm reported a 125 percent increase in its revenues.

A robust cultural and creative sector remains at the heart of the UAE’s growth strategy and to give it a further boost, the UAE has been rallying for the amplification of culture and arts education, she adds, while speaking at the fifth edition of the Paris Peace Forum in Abu...

The Kingdom has moved from ambition to action during the past two years to empower people, protect the planet and shape new horizons, says Saudi minister

The Ministry of Climate Change and Environment (MOCCAE) introduced the second edition of the UAE Green Business Toolkit in partnership with the Global Green Growth Institute (GGGI) at the 27th United Nations Climate Change Conference (COP27), held in the Egyptian city of Sharm El Sheikh.

DFM index jumped 0.6 percent, Abu Dhabi index rose 0.1 percent, Saudi Stock Exchange varied as index ended its trading with a fall of 1.7 percent, losing 195.48 points.

The casino would mark a watershed moment for the Gulf region.

The pathway, unveiled at COP27, sets the timeframe and identifies the mechanisms of implementing the UAE Net Zero by 2050 Strategic Initiative, introduced in October 2021.

Dubai, UAE--- UAE's Ministry of Human Resources and Emiratisation (MoHRE) has said it was keen to support and empower private sector companies in the country and help them achieve their Emiratisation goals of 2022, with 50 days to go for the deadline before fines are imposed on non-compliant companies. Companies...

ABU DHABI, UAE -UAE's Ministry of Industry and Advanced Technology (MoIAT) has signed a Memorandum of Understanding (MoU) with Burjeel Holdings to provide high-quality healthcare services to the ministry’s employees and their families. The agreement was signed by Dr. Shamsheer Vayalil, Founder and Chairman of Burjeel Holdings, and Omar Suwaina...

The company paid a dividend of AED1.285 bn in Oct.

The four largest banking markets in the GCC -- UAE, Saudi Arabia, Kuwait and Qatar — are expected to 'nearly approximate' pre-pandemic profitability ranks by the end of 2022.

The profit rose by 99 percent compared to Q3 2021.

Revenues in H1 of 2022-2023 surged 131% to $13.7 billion.

The food firm's revenue shot up to $260 million in Q3.

The law which will come into effect from January 2023 aims to increase UAE’s attractiveness as investment destination.

Josep Borrell, the EU High Representative for Foreign Affairs and Security Policy, points out that since the Ukrainian crisis, an important part of energy supplies to the EU has been coming from the Gulf countries, including the UAE. “This has changed the energy landscape of Europe,” he says.

Abu Dhabi, UAE - AD Ports Group and International Development Bank (IDB) have signed a deal to review opportunities for ports and logistics projects that could enhance trade flows between the UAE and Iraq. IDB aims to provide its services to corporate clients and support a range of key infrastructure...

Third quarter operating income grows by 4 percent.

Launched in 2005 by the WIEF Foundation, the WIEF is a global platform created to promote and discuss the latest economic developments.

The company reported net profit of $161m for 9M of 2022.

The three nations vow to advance clean energy and sustainable water desalination projects announced last year, while UAE, Indonesia unveil Mangrove Alliance for Climate at COP27

"While living in Dubai, and through my performances in the UAE, I found that the culture of tolerance here is a force of immeasurable good, especially since music and arts help better humanity and pave the way for a more peaceful future,” he highlights, referring to his experience during Expo...

DUBAI, UAE - UAE's Ministry of Health and Prevention (MoHAP) discussed with the Russian Ministry of Industry and Trade ways to boost collaboration, exchange medical expertise and expand partnerships in the pharmaceutical sector between the two countries. The two countries also discussed ways and means to encourage more Russian companies...

Net investment and other income reached AED93.8m.

DUBAI, UAE - The UAE-India joint technical committee for manpower held its first meeting where it explored areas of collaboration between the two countries. Both parties highlighted their keenness to enhance cooperation to ensure a safe, organized and legal transition of Indian laborers through the exchange of best practices in...

Key speakers from global investment and financial companies include Nouriel Roubini, Chief Economist at Atlas Capital Team L.P and, Hazem Ben-Gacem, Co-CEO of Investcorp.

SHARM EL SHEIKH, EGYPT - UAE Minister of Industry and Advanced Technology Dr. Sultan bin Ahmed Al Jaber said that the speech of President Sheikh Mohamed bin Zayed Al Nahyan at COP27 outlined the UAE’s clear vision and strategic approach to climate action and sustainability. The minister and the UAE’s...

The branches cater to northern, southern areas.

The two ministers also discussed prospects of bilateral cooperation and partnership between the UAE and Türkiye.

Dubai, UAE—The United Arab Emirates has dropped almost all Covid restrictions as the rate of infection considerably drops in the country. Wearing masks in the UAE will now be optional in all open and closed facilities, including places of worship and mosques, except for health facilities and centers for people...

‘The UAE is also working on a comprehensive assessment of the status and movement of sustainable financing solutions, including green bonds’.

The Gulf country will reveal the mechanisms for implementing its strategic initiative to achieve climate neutrality 2050, as part of its support for sustainable financing solutions for all sectors. This is alongside a comprehensive assessment of the status and movement of sustainable financing solutions, she adds.

Abu Dhabi, UAE - UAE and European Union discussed ways to enhance cooperation relations in multiple issues of mutual concern including energy. Sheikh Abdullah bin Zayed Al Nahyan, UAE Minister of Foreign Affairs, and Josep Borrell, Vice-President of the European Commission,  reviewed the latest developments on the regional and international...

The Arabian Gulf countries have hosted some of the biggest sporting events during the past decade. The World Cup is set to cement the region's position as sporting hub.

SHARJAH, UAE - The Sharjah Consultative Council (SCC) approved several proposals submitted by the council's members on the Consultative Council establishment law. The session was chaired by Ali Mehd Al Suwaidi, Chairman of the Council, as part of SCC's work for the fourth ordinary session of the 10th legislative term...