Middle East

Date

Both India and UAE ministers emphasized that CEPA will create new jobs, raise living standards, and provide wider social and economic opportunities in both nations India and United Arab Emirates (UAE) on Wednesday formally launched negotiations for a Comprehensive Economic Partnership Agreement (CEPA) with an early harvest to be concluded by end December....


2021-09-22

www.arabnews.com Construction on NEOM's largest development ‘The Line’ is expected to start by the end of this year, the governor of the Saudi wealth fund said. The Line — a 170-kilometer, zero-carbon, urban-development project featuring several hyper-connected communities — sparked interest worldwide when it was unveiled earlier this year by the Saudi Crown Prince Mohammed Bin Salman..... Read full article: https://a…


2021-09-22

Dubai Chamber recently organised at its headquarters the Big 5 Breakfast Briefing which familiarised visiting delegates with Dubai’s economy, business environment and construction sector, which has gone through a transformation over the last few years. The annual briefing, attended by visiting delegates from various countries, provided an ideal platform for industry stakeholders to network and learn more about key trends reshaping Dubai&rsq…


2021-09-22

Expo 2020 Dubai I His Excellency Sheikh Nahayan Mabarak Al Nahayan Visit


2021-09-20

Discover Outdoor Adventure in Dubai’s Nature with Eva Sieburg from Germany - Episode 3 | Visit Dubai


2021-09-20

Expo 2020 Dubai I Opening Ceremony


2021-09-20

Dubai’s Roads and Transport Authority (RTA) had demonstrated its superior global standing in a benchmarking study about asset management practices commissioned by Atkins, a specialist in administrative consultancies. The study revealed RTA’s dominance in various fields highlighted by asset lifecycle, and digitisation of all asset-related activities. The study covered all RTA’s agencies and sectors by benchmarking them with other…


2021-09-20

Expo Village - A Development by Dubai World Trade Centre


2021-09-17

www.arabnews.com South Africa and Saudi Arabia are looking to boost trade between the two countries following a pandemic-hit year that saw imports from the Kingdom fall to a four-year low in 2020. South African imports from Saudi Arabia slid to $2.69 billion in 2020 from $3.66 billion in 2019 and $5.41 billion in 2018, according to data from the UN Comtrade database. The vast majority of that was made up of oil and fuels ($2.27 billion or 84 perc…


2021-09-17

www.arabnews.com Saudi Arabia’s crown prince has set out new targets for kindergarten enrollment and improvements to universities as he unveiled a plan to help Saudi citizens “compete with the world”. The new program will focus on enhancing values, developing fundamental competencies and skills of the future, and knowledge development, Crown Prince Mohammed bin Salman announced on Wednesday...... Read full article: https://…


United Arab Emirates (UAE) artificial intelligence (AI) company Group 42 (G42) is looking at investment opportunities in Indonesia in healthcare services and advanced technology, according to the Office of the Coordinating Investment and Maritime Affairs Minister. In a visit to Indonesia from Sept. 13 to 15, representatives of G42 reportedly held discussions with private sector firms and state-owned enterprises (SOE) regarding investment opportun…


2021-09-13

Saudi Arabia revised its GDP figures for the second quarter of this year on the back of strong growth in private sector and non-oil activities, despite a slowdown in its oil sector, official data showed today.  The Kingdom's private sector grew by 11 percent in Q2, compared to the same period last year, pushing GDP up by 1.8 percent, up from 1.5 percent the General Authority for Statistics (Gastat) reported last month....


2021-09-13

H.E. Reem Al Hashimy: Forum will enable Africa to seek investments and forge new relationships across the globe• H.E. Hamad Buamim: Forum’s success in attracting prominent African government and business leaders reflects a growing interest in GBF Africa as a global platform to invest in Africa.• Taking place at Expo 2020 Dubai October 13 and 14, business forum will gather African and UAE government and business leaders to discuss …


2021-09-12

Emirates has announced that it will be restarting services to the Kingdom of Saudi Arabia from 11 September and St Petersburg from 8 October 2021. The resumption of these services build on Emirates’ growing global footprint, the continued lifting of entry restrictions as well as demand recovery across the airline’s network. Dubai continues to top the must-see destination list for Russian holidaymakers, providing a great combination of…


2021-09-12

Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, is hosting a series of events dedicated to Blockchain. DIFC Blockchain Week (12–16 September) is the first of a series of themed weeks being held at the DIFC Innovation Hub, the region’s largest innovation ecosystem that is designed to bring together…


2021-09-12

More than 58,000 certificates of origin were issued by Dubai Chamber in August 2021, up from over 48,000 in the previous month. Buamim: New figures demonstrate the strength and resilience of Dubai’s trade sector, which is seeing increased momentum as Expo 2020 Dubai approaches. The value of exports and re-exports of Dubai Chamber members increased 21.8% year-over-year to reach AED 147.3 billion in the January-August 2021 period, supported …


2021-09-12

Dubai’s Roads and Transport Authority (RTA) announced the deployment of 126 public buses “Expo Rider” to serve Expo 2020 Dubai visitors for free from 9 locations across Dubai. Additionally, two routes will be launched to lift Expo visitors from hotels directly to the site of Expo. RTA will also deploy buses to lift visitors within Expo from the parking area to the Gates in addition to another bus service to lift riders between E…


Vietnam enjoyed a trade surplus of over 2.5 billion USD with the UAE in the first seven months of this year, according to the Vietnamese Trade Office in UAE.The UAE is one of Vietnam’s ten largest importers globally and its biggest trade partner in the Middle East and Africa, and Vietnam has boasted the trade surplus with the country for years.....


Residents will have to complete the vaccination application in order to get the necessary approval The UAE will lift its restrictions on entry for fully vaccinated residents from Sunday. As per the National Emergency and Crisis Management Authority (NCEMA), countries from which residents can fly into the UAE from today (12 September) are India, Pakistan, Bangladesh, Nepal, Sri Lanka, Vietnam, Namibia, Zambia, Democratic Republic of Congo, Uganda,…


Plans to set up container terminal, cold storage and sea food processing zone Global port operator DP World has signed a facilitation memorandum of understanding (MoU) with the Tamil Nadu Government for a slew of projects it is establishing in the State at an investment of ₹2,000 crore DP World signed an MoU in UAE with the Tamil Nadu Government in September 2019 to invest ₹1,000 crore in establishing a Free Trade Warehousing Zone (FTWZ) and…


2021-09-10

The first phase of Saudi Arabia’s e-invoicing project, Fatoorah, is set to be effective in less than three months, according to Zakat, Tax and Customs Authority (ZATCA). The project is seen as having major benefits for the Saudi economy, including addressing commercial concealment and the “shadow economy,” which costs the Kingdom up to SR400 billion ($107 billion) annually.....


Nebras Power Investment Management B.V. (“NPIM”), a wholly owned affiliate of Nebras Power Q.P.S.C and Companhia Energética Integrada (CEI), a prominent Brazilian power investment company, announced yesterday a new energy partnership in Brazil.      The newly formed Joint Venture (JV) will provide important support to Brazilian infrastructure by promoting the growth of the energy sector and consolidating the t…


2021-09-09

Airline’s global campaign aims to appeal to different travellers with tailored promotions spread over coming months Emirates, the Premier Partner and Official Airline of Expo 2020 Dubai has launched its latest initiative under a global campaign to promote destination Dubai to people from all walks of life this winter season. The airline’s Early Bird Expo 2020 Dubai deal, launched this week across its global markets…


2021-09-09

Over 2,000 smart business solutions have been submitted over the last five cycles of the competition. Startups should submit entries by September 30th through the Dubai Startup Hub website. Dubai Startup Hub, an initiative of Dubai Chamber of Commerce and Industry, has launched the sixth cycle of the Dubai Smartpreneur Competition, which is open to startups offering innovative solutions in the categories of Sustainability, Opportunity and Tra…


2021-09-08

www.arabnews.com A new multimillion-dollar regional data center is set to be built in Bahrain to promote collective digital transformation across the Arab world. The hub’s aim will be to help evolving local economies and enrich the lives of common people in the Arab world. The Arab League’s Arab Federation for Digital Economy (AFDE) entered into a memorandum of understanding with ATDXT…


2021-09-08

US-based electric car maker Lucid Motors will produce vehicles in Saudi Arabia by 2024, as the battle for dominance in the fledgling sector ramps up in the Middle East. The announcement of a factory being built in the Kingdom was made on Tuesday, with Saud Al-Askar, deputy governor of the Saudi Standards, Metrology and Quality Organisation, telling Al-Arabiya TV the paperwork on the deal was being finalised.....


Forbes Middle East has released its latest list of MENA’s most promising young talent and brightest minds under the age of 30 as of December 31, 2020.   This year’s high-achieving cohort covers six categories: sport, e-commerce, technology, finance, creative, and impact. The impact category had the highest number of entries, recognizing seven individuals in policy, education, healthcare, and social entrepreneurship. Spo…


2021-09-08

As demand increases, airline bolsters schedule to 28 weekly flights Introduction of daily A380 services to Johannesburg from 31 October Emirates to restore its strategic South African Airways partnership from end of September 2021 Emirates has today announced that it will be expanding its operations in and out of South Africa, boosting its schedule to 28 weekly flights by October. This is the airline’s largest weekly schedule to South Afric…


2021-09-08

• Video series highlights plans, insights and contributions from strategic Expo 2020 Dubai partners. Expo 2020 Dubai is expected to create huge tangible and intangible economic benefits for the emirate and the wider region, with new and expanded infrastructure serving business communities and societies for the long-term, says Shukri Eid, Managing Director, Gulf Region, Cisco. “What’s fascinating is the sheer scale of Expo 2020. W…


2021-09-08

Dubai’s Roads and Transport Authority (RTA) has signed an agreement with Uber, an e-hailing giant, to enhance the training of chauffeurs of RTA limos. The aim is to use Uber’s e-hail methodology, which leads the world in this field of the industry.  “This initiative stems from RTA’s keenness to enhance the level of services delivered to all community segments. It is part of RTA’s efforts to realise the governmen…


2021-09-07

492 new companies join DIFC in H1 2021, a 59% increase from the same period in 2020 Strong H1 performance reinforces Dubai’s status as a leading global financial centre DIFC has achieved its ‘2024 Strategy’ growth targets three years ahead of schedule  Dubai International Financial Centre (DIFC), the leading international financial hub in the Middle East, Africa and South Asia (MEASA) region, has delivered strong gro…


2021-09-07

HE Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA), visited the pumped storage hydroelectric power station being built by DEWA in Hatta, to review its progress. The station is 29% complete. It will have a production capacity of 250 megawatts (MW), a storage capacity of 1,500 megawatt-hours, and a life span of up to 80 years. This is the first station of its kind in the GCC with investments up to AED 1.421 bil…


2021-09-07

www.arabnews.com More than $4billion was pumped into Saudi Arabian small and medium businesses by the Kingdom's banks to help them get through the height of the pandemic, it has been revealed. Homma Hashem, general manager of the country's Small and Medium Enterprises Loan Guarantee Program, known as Kafalah, said the size of the lending represented a 106 percent rise on 2019 as firms battled to stay afloat as Covid-19 swept the globe.  Read…


2021-09-07

www.arabnews.com Saudi Aramco announced plans to expand Namaat, its industrial investment program – signing multiple deals with global companies to build capacity in critical sectors. The Saudi-listed company said it signed 22 new memoranda of understanding (MoUs) and a joint venture agreement – all focusing on sustainability, technology, industrial and energy services, and advanced materials..... Read full article: https://arab.…


2021-09-06

www.arabnews.com Kuwait's 3S International real estate firm has bought Proptech startup Taskeen Al Oula for an undisclosed sum. Taskeen Al Oula, launched the Taskeen app in 2017, which allows landlords and tenants to pay rent, make maintenance requests and other services online, reports Middle East tech startup website MGNiTT..... Read full article: https://arab.news/2mdjb


2021-09-06

What a difference a year makes. Over the summer travel months of July and August, Emirates handled nearly 1.2 million customers at its hub, compared to 402,000 customers during the same period in 2020, highlighting the safe and smooth resumption of international travel to and through Dubai. In fact, in 2020, Emirates was the largest international airline carrying over 15.8 million passengers, according to IATA’s latest World Air Transport S…


2021-09-06

Dubai’s Roads and Transport Authority (RTA) has launched a new initiative whereby an additional number plate will be placed at the rear for bike racks mounted at the back of vehicles to avoid blocking the visibility of the original number plate, which is a traffic violation that entails the imposition of a fine by the police road patrols. Explaining the initiative, Jamal Al Sadah, Director of Vehicles Licensing, Licensing Agency, RTA, said,…


The UAE saw its non-oil sector grow at the highest pace in August, the fastest since late 2019 thanks to the significant increase in new work, according to a study conducted by survey compiler IHS Markit.   However, Saudi Arabia’s business activity expanded during the same month but at the slowest pace in 10 months, as the Gulf state’s non-oil economy was hammered by a slowdown in export demand......


2021-09-05

www.arabnews.com Saudi and Omani businessmen are considering setting up a joint venture specialized in petrochemical and chemicals, Argaam cited a report carried by Oman News Agency.The report quoted Nasser Al-Hajri, chairman of the Saudi-Oman Joint Business Council as saying, “Saudi businessmen are looking for major investments in Oman’s industrial, petrochemical, chemical manufacturing, fish farming, mining, food, animal feed, touri…


2021-09-05

www.arabnews.com Saudi Arabia is pushing to create more food delivery jobs and businesses to meet growing demand. The sector witnessed monthly average demand of SR1 billion ($266.6 million) during the first quarter of this year, representing 45 percent annual, according to SPA. Read full article: https://arab.news/wugwg  


2021-09-05

www.arabnews.com Libya’s oil output could rise to 2 million barrels per day by the end of 2022 if the industry is given the $1.1 billion it has been allocated in the budget, according to Finance Minister Khalid Al-Mabrouk. “[Exports] have risen to around 1.2 million barrels per day and I think will continue rising to reach 1.3 million,” Al-Mabrouk told Arab News on the sidelines of the Islamic Development Bank’s annual mee…


As women continue to make strides in the Kingdom of Saudi Arabia, the first female soldiers have graduated from the Armed Forces Women’s Cadre Training Center. Following 14 weeks of training which began at the end of May, the female soldiers officially completed it last week. As part of Crown Prince Mohammed bin Salman’s Vision 2030, the Kingdom opened up military recruitment to females back in February, which will eventually lead to …


2021-09-05

The UAE announced ‘The Principles of the 50’, as part of the ‘Projects of the 50’ campaign, to chart the strategic roadmap for the UAE’s new era of economic, political and social growth. The 10 principles act as guidelines for all UAE’s institutions as the country approaches a new phase of development over the next 50 years as directed by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UA…


Petroliam Nasional Bhd (Petronas) is set to join Expo 2020 Dubai as Malaysia Pavillion's premier partner to showcase the national energy company's sustainability aspirations and roadmap to achieve net zero carbon emissions by 2050.  Themed "Connecting Minds, Creating the Future",  the world expo is expected to receive participations from 192 countries and organisations....


2021-09-04

www.arabnews.com About 30 finance agreements valued at $1.2 billion were signed between the Islamic Development Bank and 10 member countries at the IsDB’s annual meeting in the Uzbek capital Tashkent, according to Chairman Mohammed Al-Jasser. The agreements provided funding for projects in areas including health (COVID-19 and vaccines), water and sanitation, agriculture, transport, energy, food security, Islamic finance and SMEs, of which $…


Hamad, Ruwais and Doha ports recorded a robust performance in August after witnessing significant growth in handling volumes of general cargo compared to the same period last year, according to Mwani Qatar.     The handling volumes at Mwani Qatar increased significantly in August 2021 compared to the same period last year. The general cargo tonnage, witnessed a growth of 189 percent, while containers, RORO, building materials, and ve…


Qatar Chamber First Vice Chairman HE Mohamed bin Twar Al Kuwari invited Ukrainian companies to invest in Qatar and take advantage of the attractive investment climate and advantages offered by Qatar to foreign investors.     He hailed the strong relations between Qatar and Ukraine, noting that the private sector in both sides have benefited from this development in relations in activating trade and investment cooperation, through exc…


OWS Capital (OWSC), a multi-investment platform headquartered in Dubai, has announced its newest advisory board members, American motivational speaker, entrepreneur and New York Times best-selling author Chris Gardner, and H.E Marwan Obaid Almheiri, a member of the UAE Federal National Council and the Assistant Secretary General for Executive Affairs at the Executive Council of Ajman.......