Middle East

Date
2019-07-19

  Carioca NoMundo Premiered Jul 12, 2019 I flew Emirates A380's first class, between Dubai and São Paulo, and, in this new video, I show you the complete experience of the 14 hour and 20 minute flight. There's a tour full of details of my suite, the champagne and caviar service, a full tour of the A380 lounge, and, of course, a shower in the exclusive first class shower spa. I hope you enjoy the video! Please, give it a LIKE, SUBSCRIB…


Citymax Hotels, the mid-market hotel brand, has announced the opening of a ladies-only floor, at one of its Dubai properties. The operator said it is a first for Citymax Hotels and will be available for bookings at the newly opened Citymax Hotel Al Barsha. Following the launch of the new hotel, female travelers are now able to have an entire floor to themselves. Guests will also be attended to by an all-female service team......


The National Cybersecurity Authority (NCA) has warned people against using the viral face-transforming mobile application FaceApp, citing the software’s use of personal information. The app allows users to upload photos of their faces and have them edited to look older, a popular trick that filled the social media feeds of millions of users spread over more than 100 countries. Cybersecurity concerns over how the photos could be misused by t…


Technology and tourism jobs in Saudi Arabia saw strong growth in the second quarter of 2019, according to the latest Monster Employment Index (MEI). Overall, Saudi Arabia registered a 13 percent growth in online job postings in Q2 compared to the same period last year. The increase in online hiring activity was led by the IT and Telecom/ISP industry and occupations in Hospitality, which registered growth of 29 percent and 22 percent respectively.…


The Peace Visit produced by National Geographic, which highlights the visit of Pope Francis to Abu Dhabi, will be distributed later this year A documentary film produced by National Geographic, which highlights the historic visit of Pope Francis to Abu Dhabi in February, will be distributed later this year. Interfaith leaders from Washington DC and the UAE gathered at the National Geographic headquarters earlier this week for an exclusive premier…


It is a great honor for me to be featured in this space, not only to be representing the young women of society but also to be able to share my personal background story. I am privileged to have been brought up in a home where both my parents did not discriminate between genders but rather promoted equality and equal opportunity and education among me and my siblings. This shaped me into becoming the eager, persistent, determined, and some would …


2019-07-19

Nasdaq Dubai welcomed the listing today of a one billion US dollar Sukuk and a 300 million US dollar conventional bond issued by global trade enabler DP World. DP World is the largest UAE debt issuer by value on the region’s international exchange, with Sukuk and conventional bond listings now totalling 8.09 billion US dollars. The 300 million US dollar conventional bond that listed today was a tap issuance on a one billion US dollar bond t…


For those with family and friends back home in India, visiting the United Arab Emirates (UAE) could be a hassle free process if they are already residency visa holders of the UK or the European Union. The General Directorate of Residency and Foreigners Affairs (GDRFA) in Dubai has issued a reminder to residents that may wish to bring family members and friends on a visit to the UAE, the Gulf News reported. A video, uploaded on the GDRFA…


2019-07-19

مؤسسة المواصلات العامة - عجمان في اسبوع


At Arabnet Beirut 2019, Entrepreneur Middle East talked with Ogero Chairman Imad Kreidieh on his enterprise's mission to revamp Lebanon's telecom landscape, and thereby become "at par with regional operators, and provide the Lebanese citizen with state-of-the-art connectivity."  Ogero -referred to as the “engine” for the country’s Ministry of Telecommunications- has been tasked with upgrading the na…


Oman Power and Water Procurement Co (OPWP), the country’s sole procurer of electricity and water, has announced the launch of two solar projects with a combined capacity of around 1.1GW. OPWP said in a statement that it has invited proposals for the development of the projects which will "attract investment of multiple hundreds of million dollars". The solar projects are part of the sultanate's bid to diversify energy sources and to reduce …


Plans to establish a spaceport in the UAE will hinge on a number of key criteria being met, according to the chairman of the UAE Space Agency, Dr Ahmad Al Falasi. Speaking on the sidelines of the agency’s fifth anniversary celebrations in Abu Dhabi, Al Falasi told Arabian Business that discussions for a spaceport were ongoing. However, he said: “Our discussions right now are of opening a spaceport potentially in the region i…


Egypt’s economy grew 5.6 percent in the 2018/19 fiscal year and is “on the right track” as it completes IMF-backed reforms, Prime Minister Mustafa Madbouli said on Wednesday.The budget deficit came in at 8.2 percent of GDP, he said, which was slightly below an official forecast of 8.4 percent.Egypt is emerging from a three-year economic reform program tied to a $12 billion loan from the International Monetary Fund.Madbouli said …


Iranians feeling the squeeze from US sanctions targeting the Islamic Republic’s ailing economy are increasingly turning to such digital currencies as Bitcoin to make money, prompting alarm in and out of the country.In Iran, some government officials worry that the energy-hungry process of “mining” Bitcoin is abusing Iran’s system of subsidized electricity; in the United States, some observers have warned that cryptocurrenc…


Real estate developer Emaar Properties has announced plans to build its first 3D printed home in Dubai. This is the first step towards Emaar’s ambition to be a leading adopter of advanced construction technologies, the company said on Thursday. Following a global competition, Emaar said it has awarded the contract to 3D print a model home in Arabian Ranches III, adding that the construction will be facilitated using a local contractor......


2019-07-18

Mohamed Ali Musabbeh Al Nuaimi, Chairman of Ras al Khaimah Chamber of Commerce and Industry, and Samata Gifty Bukari, Consul-General of the Republic of Ghana in Dubai, have discussed strengthening bilateral business cooperation and investment opportunities in different sectors. Al Nuaimi underscored the importance of enhancing ties with Ghana, and the private sector in both countries through facilitating meetings of business communities from both…


2019-07-18

DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – and the Department of Economic Development (DED), the Government of Dubai entity that regulates the economic activity of all onshore companies, have signed a strategic agreement to collaborate on the licensing of companies in Dubai allowing them to operate within the Free Zone and onshore. The partnership aims to further…


2019-07-18

The big day had finally arrived, and Mohamed Al Dosari spent the morning in eager anticipation of the moment he would make history. As soon as he strapped himself into the Cirrus, his trained mind took over. He finished the pre-flight checks, taxied, accelerated and took off into the clear blue skies, marking a huge milestone for regional aviation. This was Mohamed’s first solo flight – a defining and unforgettable moment in his caree…


2019-07-18

Challenging the world to find new solutions to protect marine habitats from brine discharge Call for ideas Five potential winners will present at Amsterdam International Water Week (AIWW) Winning ideas will be developed in partnership with the Red Sea Development Company Up to three $10,000 cash prizes available for viable ideas Competition The session will include short concept presentations from 5 potential winners, who will compete for 3 first…


2019-07-17

[The article was posted on kaust.edu.sa] You will never see one with your naked eye or through a conventional optical microscope, but quantum dots are changing the world. Thanks to their remarkable superpower properties, scientists think they will soon be used in everything from light bulbs to the imaging of cancer cells and in the design of next-generation ultra-efficient solar cells. Miniscule in size, quantum dots are small semiconducting…


A group of Saudi youths has helped to build a giant market for the latest session of Souq Okaz, one of the most famous historical attractions of its kind in the Arabian Peninsula. A total of 67 young men and women took part in the construction of the historic market area extending over 41,000 square meters, as part of the Saudi Commission for Tourism and National Heritage’s (SCTH) drive to support youth employment and skills in the Kingdom.…


2019-07-17

The trade and investment flow between India and the United Arab Emirates are poised to expand rapidly with the launch of a major initiative by DP World, UAE Region. The recent launch of the 'India-UAE Bridge' initiative is set to attract both Indian and UAE trade and investments as DP World offers technology-driven end-to-end (e2e) smarter trade solutions to Indian trade fraternity. DP World remains committed to India’s vision of ‘Mak…


2019-07-17

The Dubai Land Department, DLD, has signed Memorandums of Understanding, MoUs, with the Ras Al Khaimah International Corporate Centre, RAKICC, and the Ras Al Khaimah Economic Zone, RAKEZ, for the registration of land and freehold properties on behalf of free zone companies. Under the two agreements, the DLD will accept the registration of freehold plots and properties or any right in rem, subject to the submission of the required documents and th…


2019-07-17

The Dubai Gold & Commodities Exchange (DGCX) and the Multi Derivatives Exchange Nepal (MDX), a proposed derivatives exchange in Nepal that has applied for a regulatory license from SEBON to operate a commodities and derivatives exchange, today announced the signing of a Memorandum of Understanding (MoU), agreeing to collaborate and share knowledge on areas of mutual benefit surrounding commodity trading. DGCX and MDX will host workshops and m…


2019-07-17

National Reference Laboratory (NRL), part of Mubadala’s network of world-class healthcare providers, today announced that it has signed a Laboratory Referral Services Agreement with United Eastern Medical Services (UEMedical) Group, one of Abu Dhabi's leading private healthcare operators. NRL will become the exclusive provider of referral laboratory testing to all facilities of the UEMedical healthcare network in the UAE, including its flag…


2019-07-17

Dubai International (DXB) welcomed India’s national carrier Air India’s inaugural flights from the cities of Indore and Kolkata (Calcutta) on Monday evening. The thrice weekly service from Indore is the first international flight out of the city, which is the commercial capital of the state of Madhya Pradesh. Air India’s Chairman and Managing Director Ashwani Lohani (third from right) was among the 150 passengers who arrived on …


2019-07-17

Dubai’s Roads and Transport Authority (RTA) is offering 200 distinctive number plates of 3, 4 and 5 digits at the forthcoming 57th Online Auction. Plates on offer at this auction, the third of its kind this year are (A, B, H, I, J, K, L, M, N, O, P, Q, R, S, T) codes. Bidders’ registration starts on Sunday, July 21 and the bidding process will kick off one week later, on Sunday, July 28, 2019 at 08:00 am.  Offering distincti…


Slow browsing speeds are a thing of the past, according to Dubai-based telecom operator Du after launching the UAE’s first 5G-ready WiFi router. The wireless 5G terminal device from ZTE is available to customers with zero upfront, starting from AED210 per month, Du's parent, Emirates Integrated Telecommunications Company (EITC), said in a statement. The ZTE 5G router will allow customers to enjoy plug and play 5G access within all 5G-enable…


US-based Jacobs has been selected to deliver engineering services for packages 4, 5 and 6 of the King Salman International Complex for Maritime Industries and Services project at Ras Al Khair in Saudi Arabia. The shipyard complex covers an area of 4.3 square kilometres and, when complete, will be the largest in the Gulf region, providing a combination of offshore structures fabrication, new ship building and maintenance, repair and overhaul (MRO)…


Octal, the world’s leading supplier of clear rigid packaging materials, has secured $625 million of banking facilities comprising of syndicated term loan facility of US$ 225 million and working capital facilities aggregating to US$ 400 million in one of the biggest private sector financing deals in Oman of the last decade.The new term loan facility (Facility) has been provided by seven local and international banks, consisting of Bank Musca…


Coach tours are being launched to give people a sneak preview of the 4.38 sq km Expo 2020 Dubai site as it nears completion. Expo 2020 is inviting anyone in the UAE, no matter their age or nationality, to be part of The World’s Greatest Show in the Making tour. From Saturday until August 31, Expo 2020’s colourful coaches will collect visitors from pickup points across the UAE, a statement said....... The tour, which will run every Mon…


 Owners of start-ups and investable ideas joined together on Tuesday at an open day held by the National Business Centre (NBC), which falls under the umbrella of the Public Establishment for Industrial Estates (Madayn).The open day, which was organised at NBC in the Knowledge Oasis Muscat, aimed at disseminating awareness on the services offered by NBC and Riyada incubators to budding Omani entrepreneurs.NBC officials informed the attendees …


Khazaen Economic City (KEC), developer of a new 52 million sq m integrated economic city in Barka, Oman has announced the detailed master plan for the first phase of the project. Located to the north of the capital, Muscat, Khazaen is the largest public-private partnership project in Oman. The first phase of the city will include one-of-a-kind facilities such as the first dry port in Oman, a free zone, logistics and industrial complexes as well a…


Saudi Arabia's economy grew at 1.7 percent in the first quarter of 2019, the Kingdom's media ministry said on Monday.The expansion reflects ongoing economic reforms and the modernization of the financial sector, analysts said.The Kingdom’s non-oil private sector growth rose to an 18-month high in June, according to PMI data released earlier this month.Financial analyst Talat Zaki Hafiz told Arab News the positive economic growth trend, espe…


Actis said on Monday it had acquired the rights to manage two private equity funds previously managed by collapsed buyout firm Abraaj, in a deal aimed at strengthening its position in the Middle East and Africa. Actis will take over the management rights to Abraaj Private Equity Fund IV and Abraaj Africa fund III, it said in a statement.Abraaj, which filed for provisional liquidation in June 2018, was the largest buyout fund in the Middle East an…


2019-07-16

GFH Capital Limited, a subsidiary of GFH Financial Group B.S.C. announced that it has acquired a Tech Offices Portfolio in the US in a deal valued over $100 million.    With the completion of this deal, total US and UK Real Estate transactions volume executed by GFH over the last few years has crossed $1 billion mark.    The acquired portfolio consists of five income yielding buildings located in Research Triangle Park, North …


2019-07-16

Dubai Airports, operator of the world’s busiest international airport, and Etihad Energy Services Company (Etihad ESCO), a leading energy service company and a wholly-owned subsidiary of Dubai Electricity and Water Authority (DEWA), have announced the successful installation of a solar energy system comprising 15,000 photovoltaic panels at Dubai International’s Terminal 2 – the largest at any airport in the region. With a capaci…


Over the next five years, the Mena region will need to invest US$209 billion in the power sector, according to the latest report by Apicorp.Between 2019 and 2023, Apicorp estimates that investment in the Middle East and North Africa (Mena) energy sector could reach US$1 trillion, with the power sector accounting for the largest share at 36 per cent, spurred by growing electricity demand and greater momentum for renewable energy, the Arab Petroleu…


Bank Muscat, the flagship financial institution in the Sultanate, announced its preliminary results for the six months ended on June 30, 2019. The bank posted a net profit of OMR93.65 million for the period compared to OMR89.70 million reported during the same period in 2018, an increase of 4.4 per cent.Key highlightsThe bank's net interest income from conventional banking and income from Islamic financing stood at OMR159.02 million for the six m…


We live in an increasingly digital world – one in which technology now touches every aspect of our lives. Over the years, we have welcomed fintech, retailtech and martech – all of which have radically disrupted their respective industries, altering the status quo to empower the end-user through intuitive, personalised services backed by big data. And yet to date, the real estate industry has been, by and large, slower to adopt new tec…


In its latest efforts to attract foreign investment, the United Arab Emirate is preparing a draft law that would allow foreigners to own up to 100 percent of businesses in the maritime industry in accordance with specific criteria. Infrastructure Development Minister and chairman of the UAE Federal Transport Authority Abdullah Al Nuaimi said last week that the legislation, which is expected to pass in the first half of 2020, will address areas ra…


The grocery e-commerce space is one that's been seeing a lot of interest lately in the Middle East, and Egyptian startup Weelo has found a certain niche in this space The grocery e-commerce space is one that’s been seeing a lot of interest lately in the Middle East, and Egyptian startup Weelo has found a certain niche in this space: it delivers groceries to your doorstep with a click of a button, by connecting you to the nearest s…


Happy birthday, HH Sheikh Mohammed! Today, His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE, and ruler of Dubai, is celebrating his 70th birthday. The Royal was born on July 15, 1949, at the Al Maktoum house in Al Shindagha.   Sheikh Mohammed became the Ruler of Dubai back on January 4, 2006, after the passing of his brother Sheikh Maktoum Bin Rashid Al Maktoum. Ever since then, he has made Dubai t…


The Federal Authority for Identity and Citizenship, ICA, announced that it is adopting Cabinet Resolution No.30 for 2019 regarding foreign residents wishing to bring their family members and servants to the UAE, which changed the main condition of acquiring residency from employment to income. The resolution allows foreigners residing in the UAE to bring family members, classified as wife or husband, sons under the age of 18 and unmarried daughte…


Fraudsters are now applying innovative ways to cheat people via email. They used to make mobile calls and send texts or messages via WhatsApp, but now they are sending emails bearing bank logos and asking users to update accounts, even seeking personal information. The banking service organization Saudi Banks has warned customers not to respond to such fraudulent emails. Talat Zaki Hafiz, secretary-general of the committee on information and bank…


Kuwait is to issue a virtual telecom operator license, effectively creating a fourth player in a market serving roughly 4 million people.Virtual network operators do not own the networks they use to provide communications services but instead lease capacity from conventional operators, usually paying them a percentage of their revenue as well as fees.......


Abu Dhabi Investment Authority (ADIA), the world’s third-biggest sovereign wealth fund, plans to increase active investments in fixed-income in the coming years, reducing its reliance on passive investments.The move comes as ADIA, which manages the reserves of oil-rich Abu Dhabi, has been reducing its reliance on external fund managers and boosting in-house investment capabilities.Some 55 percent of ADIA’s portfolio is managed by exte…


Funding in MENA has surged 66% to a total $471 million in the first half of 2019 compared to just $283m invested in the same period last year, according to a report by data platform Magnitt. The H1 2019 MENA Venture Investment Report revealed a record 238 start-up investment deals from 130 institutions across MENA in the first 6 months of the year, with 30% of investors including China’s MSA Capital and Germany’s food conglomerate Hen…