Middle East

Date
2020-01-19

Dubai Electricity and Water Authority (DEWA), in cooperation with the British Standards Institute (BSI) will soon launch the PAS 60518:2020 standard for risk management in the energy and utilities sector, for a first of its kind in the world. DEWA approved the number 60518 for the new standard in reference to the birthdate of the late Sheikh Zayed bin Sultan Al Nahyan (6 May 1918). DEWA started preparations for the standard in the Year of Zayed 2…


Qatar Airways has announced a new route between Doha, Qatar, and Siem Reap with the scheduled service to commence in November this year The new Doha to Siem Reap route is the second flight that Qatar Airways operates in Cambodia, meaning the airline will have two liaisons, one linking Doha to Phnom Penh and the new one between Doha and Siem Reap. The route will initially be running five times per week according to the Cambodia Airports statement …


2020-01-19

Phase I completed covered bus Stations, parking, counters and directional signs Dubai’s Roads and Transport Authority (RTA) has accomplished the initial phase of bringing its premises and facilities in conformity with the Dubai Universal Design Code for People of Determination.    The step is in line with “My Community... A City for Everyone" initiative launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktou…


A delegation composed of 24 Philippine companies is taking part in one of the world’s biggest trade shows for food and hospitality in United Arab Emirates next month. The Philippines’ participation  in these trade events will allow the country to get a bigger share in the growing halal market. The export promotions arm of the Department of Trade and Industry (DTI) said Philippine firms engaged in halal and organic food sectors ar…


The Royal Commission for AlUla has collaborated with Desert X to bring an interactive installation to the area for the first time. Desert X began in 2017, in California’s Coachella Valley, as a way to connect modern art with desert communities and cultures.It is Desert X’s first international collaboration and starts on Jan. 31, running through to March 7, as part of AlUla’s Winter at Tantora festival....


The boss of one of Saudi Arabia’s biggest banks says that getting more women into leadership positions is a top priority.Samba CEO Rania Nashar chairs the action council for Women in Business created by the Business Twenty (B20), which is the official G20 dialogue with the business community. It represents the global business community across all G20 member states and all economic sectors.....


Azizi Developments has revealed that it has sold 81 percent of its inventory across its 54 ongoing projects in Dubai. The figure, correct as of the end of the third quarter of 2019, signifies a strong investor appetite for reasonably priced residences in Dubai’s high-growth corridors, the UAE-based developer said in a statement. It added that projects such as Aliyah in Dubai Healthcare City and Plaza in Al Furjan have yielded an average of …


Abu Dhabi-based clean energy giant Masdar and Cepsa, a global energy and chemical company owned by Mubadala and The Carlyle Group, have announced an agreement to establish a joint venture company to develop renewable energy projects in Spain and Portugal. The 50:50 venture, which was announced at Abu Dhabi Sustainability Week 2020, will focus on developing wind and solar photovoltaic (PV) projects in the Iberian Peninsula, with an initial target …


2020-01-18

The Catalyst, the sustainability-focused accelerator supported by Masdar and BP, has announced three new companies for its second cycle of funding, training and mentorship. The announcement was made at Abu Dhabi Sustainability Week 2020, the region’s largest sustainability gathering, taking place this week in the UAE capital. According to a statement released by Masdar, all three start-ups will receive funding and training, access to The Ca…


2020-01-18

The Emirate of Dubai's non-oil foreign trade volumes surged to 83 million tonnes in the first nine months of 2019, revealed Dubai Customs on Saturday. These figures represent an increase by 22 percent year-on year from 68 million tonnes during the same period in 2018. According to the customs authority, the volume of re-exports jumped 48 percent to 13 million tonnes, while exports rose by 47 percent (14 million tonnes) and imports grew by 13 perc…


 New Asian Development Bank (ADB) president Masatsugu Asakawa assumed office yesterday, becoming the 10th president of the Manila-based multilat­eral bank since its establishment in 1966. Asakawa succeeds Takehiko Nakao who stepped down on Jan. 16. “I am honored to assume the role of ADB president and to begin working in close cooperation with our 68 member countries. ADB has been a trusted part­ner of the region for more than …


2020-01-18

Roads and Transport Authority (RTA), in collaboration with Dubai Police General HQ, has held an awareness workshop about First Aid of Emergency Cardiac Cases. About 341 employees, including 147 citizens, took part in the event, which aimed to raise employees’ health education and equip them with the skills of handling such emergencies. “The workshop is part of our efforts to enrich employees with First Aid skills needed for handling c…


CHO, one of the largest producers of olive oil in the southern Mediterranean, and IBM today announce that CHO is using IBM Blockchain to provide traceability for its Terra Delyssa extra virgin olive oil across eight quality assurance checkpoints, including the orchard where the olives were grown, the mill where olives were crushed, and the facilities where the oil was filtered, bottled, distributed, and more. Starting with its…


At the southernmost tip of Saudi Arabia, just a few kilometers from the Saudi-Yemeni border, is the verdant region of Jazan, blessed with its rocky mountain tops, green wadis, deep forests, hot springs and boundless fertile land. It is also home to the local Khawlani coffee bean. Although the Arabica coffee bean is well known, most people don’t associate it with Saudi Arabia. While the actual origin of coffee is debatable, the ancient tribe…


In the first two weeks of the year the world teetered on the brink of war, with both the US and Iran exchanging a series of threats. It was certainly not the most pleasant of times for the GCC region. For a few days at least, many around the world worried about the ultimate outcome of a conflict between these two countries. However, this uncertainty did generate a certain enthusiasm among many gold investors. For as the tensions increased and mis…


Egypt issued new regulations that appear to eliminate the need for mining companies to form joint ventures with the Egyptian government and to limit state royalties to a maximum 20%, measures long advocated by the private sector.The cabinet released a summary of the executive regulations to the mining law after its weekly meeting on Wednesday. The law itself was issued in August.....


Middle East Broadcasting Centre (MBC) aims to substantially increase investments into drama productions over the next two years, its CEO revealed as the company launched a new version of its streaming platform Shahid. MBC Group’s CEO Marc Antoine d’Halluin said investment would increase four-fold, of which the majority will be in original and exclusive content. “During the past 10 years, MBC has acquired and produced approximate…


UAE-based Al Ramz Corporation Investment & Development has acquired the market-making business of Shuaa Capital. The deal will see all staff and market-making activities transferred to Al Ramz, according to a statement. Mohammad Al Mortada Al Dandashi, managing director of Al Ramz Corporation, said: “Market-making is a core business in our strategy which we continue to develop and grow. For over two decades now, Al Ramz has played an in…


More than 50 percent of GCC working professionals say they did not receive a pay rise in 2019, according to new research by Hays. The latest Hays 2020 GCC Salary & Employment Report found 54 percent of salaries in the GCC region remained the same year-on-year in 2019, 41 percent increased and 5 percent decreased. Hays surveyed more than 6,800 employers and employees across the Gulf region asking questions about salaries and employment experie…


2020-01-17

Stevie Awards, known widely as the ‘business Oscars’, has announced an extension to the deadline for entries to its first Middle East Stevie Awards until 22nd January 2020, due to an overwhelming response from businesses looking to participate. The announcement was made by Stevie Award organisers and Ras Al Khaimah Chamber of Commerce and Industry, RAK Chamber, at a workshop attended by a number of nominees to introduce the award&rsqu…


2020-01-17

The Abu Dhabi Department of Energy, DoE, launched a new platform to support innovation, the 'Department of Energy Innovation Platform', in line with Abu Dhabi’s strategic goals and DoE’s efforts towards energy transition during the Abu Dhabi Sustainability Week, ADSW 2020. The new platform seeks to attract innovators and experts from the energy sector, as well as owners of small and medium enterprises, students, and the domestic and g…


2020-01-17

Dubai’s Roads and Transport Authority (RTA) has deployed five traditional abras to enhance water transport network on Dubai Creek and Marina. The step is part of ongoing efforts to improve services on offer to public transport users and bring happiness to people.  “The addition to the fleet of abras aims to respond to the growing demand from residents, visitors and tourists for marine transport services and enhance the network in…


Sudan considers Vietnam a model of development, according to Chairman of the Transitional Military Council Abdalftah Alburhan A. Alrahman Alburhan He made the statement at a meeting with Vietnamese Ambassador to Egypt and Sudan Tran Thanh Cong, who came to present his letter of credentials on January 14. Praising Vietnam’s economic achievements, the host said Sudan can learn a lot in various fields from the Southeast Asian country. He said …


2020-01-17

    سيدة الأعمال وخبيرة التجميل وعاشقة العطور منى قطان فتحت لنا الأبواب لدخول عالمها الخاص، حيث طرحنا عليها 25 سؤالاً سريعاً في سيتي ووك. من كشفها عن كل ما هو جديد لدى "هدى بيوتي" للعام 2020، إلى أنشطتها الشتوية المفضّلة في دبي، تعرّفوا على أبرز ما…


2020-01-17

We only have one planet, it’s our responsibility to protect it. At #Expo2020 #Dubai, #WeAreCommitted to hosting one of the most sustainable World Expos in history, helping us drive the UAE’s Green economy for the future.


2020-01-16

Arada has announced that its total value of sales rose 33% in 2019 compared to the previous year, boosted by significant investor interest in Sharjah’s megaproject, Aljada. The total number of units sold by Arada increased by 86% against the previous year. Sheikh Sultan bin Ahmed Al Qasimi, Chairman of Arada, said, "2019 was a very strong year for Arada. As well as handing over our first homes in Nasma Residences in May, we have also made c…


2020-01-16

First-of-its-kind initiative aimed at furthering the UAE’s sustainability agenda UAE Financial authorities forge commitment to ensure sustainability of UAE economy   January 15, 2020: Leading financial authorities in the UAE have published the UAE’s first set of Guiding Principles on Sustainable Finance, which serves as a catalyst in the implementation of the UAE’s sustainability priorities. The launch of the initiative…


2020-01-16

- Workshop recently hosted by Dubai Chamber examined legal and practical aspects of data privacy and protection in the UAE- With a new UAE data protection law on the horizon, businesses should be informed about practices and procedures for handling personal data, according to experts from PwC With the UAE expected to introduce a new data protection law in the near future, it is crucial that businesses enhance their understanding of data privacy a…


2020-01-16

Airline to donate 10% of inflight sales and match contributions dollar-for-dollar, uses global reach to maintain awareness and support for recovery efforts Emirates today announced its contributions to bushfire relief in Australia. The airline will be donating 10% of all EmiratesRED sales on every flight from 17 January until 16 February 2020 and matching this dollar-for-dollar. The proceeds will go towards the recovery and rebuilding efforts tak…


After stopping palm oil imports from Malaysia, India is now planning to restrict buying of petroleum, aluminium ingots, liquefied natural gas, computer parts and microprocessors from the Southeast Asian country India is planning to cut some imports from Turkey and widen curbs on palm oil from Malaysia to oil, gas and other products, government officials said, targeting the two Muslim-majority countries for their criticism of India's policy toward…


2020-01-16

Dubai’s Roads and Transport Authority (RTA) announces that drivers or motorists can now earn loyalty points on nol Plus by paying parking fees through RTA Dubai app.  This initiative is aimed to deliver better services to parking users and enhance the smart transformation of Dubai. It reflects RTA’s standing commitment to maximise the happiness of customers, be it residents, visitors or tourists descending on the city from all ov…


2020-01-15

The first-of-its-kind vault further strengthens the position of Almas Tower at the heart of the region’s gold, diamond and jewellery trade DMCC committed to supporting value services and solutions to DMCC member companies, the community and industry as a whole DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – inaugurated the 818 Vault a state-of-the-art luxury va…


2020-01-15

International airline seeks to expand reach in Chinese market and bring ‘Fly Better’ experience to local customers Emirates today announced that it has signed a Memorandum of Understanding (MoU) with Trip.com Group, a world’s leading one-stop travel service provider. The agreement was signed in Shanghai by executives of both companies, signalling the start of a strategic cooperation between Emirates and Trip.com Group and allow…


More than 10 million people flocked to Riyadh Season, which is going to end with a bang at the King Fahd Stadium on Thursday, according to event organizers.The CEO of General Entertainment Authority, Faisal Bafarat, told the media on Tuesday that the season had achieved impressive results and numbers, including revenues and visitor numbers from inside and outside the Kingdom......


 Lebanon’s Bank Audi is considering selling its Egyptian subsidiary after receiving interest from lenders, its chief financial officer told Reuters, indicating a possible strategy rethink as Lebanon grapples with a financial crisis.Bank Audi is also proceeding with an equity increase which the central bank has instructed all Lebanese banks to implement to help weather the crisis, the country’s worst in decades.....


Egypt’s central bank is likely to cut interest rates for a fourth consecutive time on Thursday, a Reuters poll showed, despite inflation rising in December.Eight out of 11 economists surveyed by Reuters expected the Central Bank of Egypt (CBE) to cut rates. Four saw a 50 basis point cut and four predicted a 100 bps cut.“With December inflation confirming inflation will normalize at 6-7%, we think the CBE has ample room to continue red…


London tribunal ordered Djibouti to restore its rights and benefits under a 2006 concession agreement DP World operates nearly 80 marine and inland terminals around the world DP World said Tuesday it has won another arbitration ruling against Djibouti over the African country’s seizure of a container terminal managed by the Dubai-based global port operator.The company said a London tribunal ordered Djibouti to restore its rights and b…


Kingdom wants to be part of the solution, Prince Abdulaziz tells Future Sustainability Summit in Abu Dhabi Energy Minister said by 2040 a lot of oil, gas, coal and renewables will still be needed Saudi Arabia is taking significant steps in shifting a part of its energy mix to renewables while reducing its carbon footprint, according to Prince Abdulaziz bin Salman Al-Saud, the Kingdom’s Minister of Energy. Addressing the Future Sust…


There are 43.8 million mobile subscribers in Saudi Arabia Saudi Arabia is opening up its telecom sector to further competition with plans to award licenses to foreign mobile virtual network operators. The Communication and Information Technology Commission (CITC) made the disclosure on Tuesday. It is part of a broader plan to accelerate the ICT sector’s growth by 50 percent in the Kingdom and increase its contribution to GDP by $13.3 billio…


2020-01-15

RTA’s Dubai Taxi Corporation (DTC) has completed 305 contracts with individuals, parents and private firms on daily, weekly or monthly basis, whereby a professional driver is deployed by DTC to drive client-owned vehicles.  “’My Driver’ service was launched as part of a new package of services offered by Dubai Taxi Corporation. The service provides drivers (without vehicles) on demand for a specific period agreed by b…


The cargo terminal will handle 600,000 tonnes of cargo annually. SATS Saudi Arabia Company, a subsidiary of food solutions and gateway services provider, SATS has won a 25-year cargo terminal concession in King Khalid International Airport (KKIA) in Riyadh, Saudi Arabia, said in its SGX filing. This will be the company’s second cargo operation in Saudi Arabia, after its first win in King Fahd International Airport in Dammam in 2016. Constru…


2020-01-14

  G42 to leverage on Bayanat’s technology and expertise in the geospatial domain to level-up its AI-enabled solutions January 14, Abu Dhabi – Group 42 (G42), the Abu Dhabi based leading Artificial Intelligence and Cloud Computing company, announced today that it has acquired Bayanat for Mapping and Surveying Services LLC (Bayanat), an end-to-end and customized geospatial data products and services provider. Bayanat has been a le…


2020-01-14

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and Shinzo Abe, Prime Minister of Japan, witnessed today the signing of the UAE-Japan Strategic Energy Cooperation Agreement between the Abu Dhabi Supreme Petroleum Council, represented by Abu Dhabi National Oil Company, ADNOC, and the Agency for Natural Resources and Energy of Japan, for the storage of over 8 million b…


2020-01-14

Dubai’s Roads and Transport Authority (RTA) enabled the public to design and propose new bus routes via RTA Dubai smart app. The initiative aims to engage the public in the integration of the public transport network in the emirate and tailor it to the needs of a growing number of users flocking to Dubai from all corners of the globe.  “This initiative is in line with RTA’s efforts to keep pace with the latest trends of the…


Some P&P holders intend to vote against the deal as concerns on financial obligations arise, said SIAS. Securities Investors Association (Singapore) (SIAS) has issued a query to Hyflux Board in which its preference shares and perpetual securities (P&P) holders expressed dissatisfaction towards the current proposal with Utico , according to a letter from SIAS president David Gerald. The letter added that P&P holders are havin…


Japanese financiers are taking a cautiously optimistic view of the Middle East, despite recent geopolitical stresses, and believe Saudi Arabia, in particular, is set for a year of financial and economic outperformance, with a revived privatization plan as the centerpiece.Mitsubishi UFG Financial Group (MUFG), one of the country’s biggest investment institutions and a major player on the international financial scene, recently told investors…


 Indonesia signed 11 business deals with the United Arab Emirates worth a combined 314.9 trillion rupiah ($23 billion) covering investment in energy and other sectors, President Joko Widodo said on Monday.Widodo witnessed the signing of the deals with Abu Dhabi Crown Prince Sheikh Mohammed Bin Zayed over the weekend during an official visit to Abu Dhabi, the Indonesian president said in a tweet.Widodo, who began his second term in office in …


Nearly 38,400 new business licences were issued in Dubai in 2019, a record growth of 90 percent compared to the previous year (20,129), Dubai Economy has announced. Dubai Economy said a total of 184,437 jobs were created, adding that the figures confirmed that the emirate’s economic competitiveness and its ability to attract investors to grow and expand their businesses has been further strengthened in 2019. According to a recent report by …