Middle East

Date

Saudi Arabia will announce a new set of initiatives to organize and improve the labour market, a spokesperson for the Ministry of Human Resources and Social Development said on Tuesday.Nasser bin Abdulrahman Al-Hazani tweeted that all initiatives will be announced as soon as they are ready and urged everyone to only rely on official channels for accurate information about the upcoming changes.....


2020-10-28

Mandatory appointment of Company Service Providers by certain special purpose vehicles and foundations Proposed framework to safeguard interests of ADGM entities The Registration Authority (RA) of Abu Dhabi Global Market (ADGM) has issued a consultation paper to invite public feedback and comments on its proposed Company Service Providers’ (CSP) framework. The success and increasing demand for ADGM’s special purpose vehicles (SPVs) a…


2020-10-28

This Sunday, November 1st, Dubai’s Roads and Transport Authority (RTA) will celebrate its 15th anniversary, which also marks the 11th Public Transport Day. RTA’s era is marked by huge successes and achievements that render it at par with the most prominent entities in Dubai and the world over. It has implemented strategic plans for upgrading the infrastructure of roads, mass transit systems, pedestrian facilities and traffic safety. I…


2020-10-27

Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Group CEO of the Abu Dhabi National Oil Company, ADNOC, reinforced the close and deep-rooted economic ties between the UAE and India during a virtual session with Narendra Modi, Prime Minister of India. Speaking at the interactive session between Prime Minister Modi and leading global oil and gas CEOs during the 5th annual roundtable organised by NITI Aayog and India&…


Two sectors amassed billions in losses due to the coronavirus disease (COVID-19) pandemic this year — travel and aviation as well as hotels and hospitality.   According to Saudi Minister of Tourism Ahmed Al-Khateeb, who spoke at the Future Hospitality Summit on Monday, airlines will lose up to $6 billion while hotel occupancy rates, to date, are at under 10 percent their usual levels.The summit was organized by the Ministry of Tourism …


New concept designs for the Sharaan by Jean Nouvel resort revealed today offer a deeper understanding of the architect’s daring vision for AlUla, the cultural oasis in north-west Arabia. Located deep within the Sharaan Nature Reserve, the designs draw on the nearby Nabataean wonders of Hegra, Saudi Arabia’s first UNESCO World Heritage Site. In a world-first, this 2,000-year-old architectural legacy is being revived by Jean Nouvel for …


Dana Gas PJSC has entered into a binding agreement with IPR Wastani Petroleum Ltd. for the sale of its onshore Egyptian oil and gas assets for up to $236 million, including contingent payments. As part of the transaction, Dana Gas is selling its full operative shares in its four onshore concession areas of El Manzala, West El Manzala, West El Qantara and North El Salhiya, and their associated development licenses.....


2020-10-27

The Abu Dhabi National Oil Company (ADNOC) announced today the award of contracts worth $324 million (AED 1.19 billion) to optimize onshore field operations and enhance efficiencies as it continues to invest responsibly to drive smart growth.ADNOC Onshore, a subsidiary of ADNOC, awarded the three contracts which will see the procurement and construction (PC) of flowlines and wellhead installations across several onshore oil fields in the Emirate …


2020-10-27

Efforts in building the most advanced network contributed to the country’s international recognition UAE network ranked with the fastest mobile download speed worldwide in January, March and July 2020 Ookla, the global leader in fixed broadband and mobile network testing applications, data and analysis today recognised Etisalat for being the fastest mobile network operator worldwide in 2020 providing its subscribers the most superior exper…


2020-10-27

Ask most people where they would go for a loan, and the answer is usually their bank. But what about when the banks can’t, or won’t, lend? The commercial disruption and consequent financial ramifications, first of the financial crisis and now more dramatically COVID-19, have challenged the banks’ primacy in the lending arena.  As a direct result of the financial crisis in 2008, regulators sought to build up bank liquidity a…


2020-10-27

Dubai Chamber’s largest sustainability conference brought together public and private sector stakeholders to discuss strategies for surviving and thriving sustainably. Businesses in the UAE must prioritise sustainability and make it an integral part of their strategies as they tackle new challenges and prepare for the post-pandemic recovery, industry experts said during the Dubai Dialogue 2020. The annual conference, recently hosted virtual…


2020-10-27

The campaign carried out 1011 inspections at 111 schools resulting in 56 offences Dubai’s Roads and Transport Authority (RTA) carried out 1011 inspections of operating school buses in 111 schools across the Emirate. The campaign is part of RTA’s ongoing efforts to streamline practices, verify the compliance of operators with the stipulations in place, and ensure the implementation of precautionary measures against Covid19 onboard.&nbs…


2020-10-26

The Palm Fountain at The Pointe, Dubai’s premier lifestyle and dining destination by Nakheel, has secured the Guinness World Record for the World’s Largest Fountain after a breathtaking launch streamed live across the world.  The magical show was attended by distinguished guests, residents and tourists, who watched in awe as The Palm Fountain broke the record in tune to an exclusive song – Dubai is another planet, produced …


2020-10-26

Offer includes a free 6-month trial period allowing businesses to test the Dubai market with no initial investment Fully digital company set up in as little as 5 working days Further information available at https://landing.dmcc.ae/dubai-rep-office   DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has rolled out a company setup offer for businesses worldwid…


2020-10-26

51 workshops identify 140 development projects Dubai’s Roads and Transport Authority (RTA) has concluded a study assessing the current situation of its artificial intelligence study, which paved the way for embarking on an updated strategy guided by the UAE Artificial Intelligence Strategy 2031 as well as the latest trends and benchmarks of the industry worldwide. The study concluded to identify 140 projects to improve the technological per…


2020-10-26

A recent report by the Business Registration & Licensing (BRL) sector of Dubai Economy shows that the number of operating businesses in Al Lisaili (Al Marmoom) has reached 365 to date. Of these, 60 per cent licences are Commercial, followed by Professional (36 per cent) and the rest related to Tourism and Industrial activities.   In terms of legal forms of the active licences in Al Lisaili (Al Marmoom), Sole Establishment ranked fir…


2020-10-25

Recent webinar, co-organised by Dubai Chamber and DMCC, attended by 388 participants from the UAE, Brazil, Colombia, Guatemala, Costa Rica and other Latin American markets. Khan: Growing demand for coffee in UAE and MENA region presents a major growth opportunity for Latin American coffee exporters. Value of UAE coffee imports from Latin American reached $26.2 million in 2019, growing by an average rate of 20% over the last five years. &n…


2020-10-25

Triple nol Points on offer to commuters from 25th October 2020 till Nov 1st 2020 From  Sunday, October 25th 2020, the Roads and Transport Authority (RTA) will kick-off a series of distinctive events that will continue to Nov 1st 2020, in celebration of the 11th Public Transport Day. This year’s events feature magnificent prizes highlighted by two million nol Plus points available through a virtual game on RTA’s website.  &ld…


IN PARTNERSHIP: As the seasons change visit The Galleria Al Maryah Island, Abu Dhabi to style your home with Autumn/Winter furnishings you will want to live in forever. It’s the perfect place to be inspired by the best selection of homeware stores, offering statement pieces to stand out as well as subtle additions for your home. There’s also an exciting personal touch you can add to your visit during their ‘Step into Style&rsquo…


2020-10-24

Dubai Culture and Arts Authority welcomed visitors to the Al Fahidi Historical Neighbourhood following a temporary suspension due to the circumstances imposed by the COVID-19 pandemic. The Authority seeks to restore cultural emphasis while adhering to preventive measures to ensure a strong start for the sector following the gradual return of the tourism sector in the emirate. This step also constitutes an opportunity for people within the emirate…


Six international organizations have completed two studies on e-learning in the Kingdom and praised its efforts in providing a rapid response, multiple options and continuous improvement during the coronavirus pandemic.The studies involved the participation of 342,000 respondents and were conducted under the supervision of the Kingdom’s National Center for e-Learning....


2020-10-23

His Excellency Essa Kazim, Governor of DIFC discusses the Centre as part of the Young Economist Programme Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region has welcomed the first batch of Emirati students from the Young Economist Programme, an initiative by the Federal Youth Authority. Under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid A…


2020-10-23

The contactless airport experience reduces human interaction, putting emphasis on health and safety As part of Emirates’ commitment to continuous innovation and an unmatched customer experience, the airline has launched an integrated biometric path at Dubai International airport (DXB). The contactless airport experience is now open to Emirates passengers travelling from and through Dubai. The integrated biometric path will give passengers a…


2020-10-22

On October 25th, Dubai’s Roads and Transport Authority (RTA) will launch Bus Route (F81), a new metro link service. It will also open a dedicated bus lane on Al Khan & Mamzar links for Route (E303) to lift commuters between Dubai and Sharjah and introduce other route improvements on the same date. “The new Route (F81), a metro link service, will be opened on October 25th from Al Qusais Industrial Area to Al Nahda Metro Statio…


2020-10-22

Emirates SkyCentral DWC in Dubai South to be operated as a dedicated anchor hub for COVID-19 vaccine distribution Air cargo carrier has also set up a dedicated rapid response team to handle requests for vaccine transport Dubai, UAE, 22 October 2020- Emirates SkyCargo is stepping up its readiness to handle the logistical complexities of distributing a potential COVID-19 vaccine globally by creating the world’s first dedicated airside cargo …


2020-10-22

Dubai Healthcare City (DHCC), the healthcare free zone in Dubai, today announced the launch of the ‘DHCC Theme-based Campaign Program’ which aims to increase access to quality healthcare services, events and information to help people maintain a healthy lifestyle.   The program kicks start with the ‘Ready for the Comeback: Fitness and Sports Medicine Season’. In line with Dubai Fitness Challenge 30X30 objectives, the …


2020-10-22

- Buamim: The Covid-19 crisis has shown that digital transformation is a fundamental pillar in the future of business, and we have a target to enhance the digital presence of more than 50,000 Chamber member companies Al Falasi: Investing in technology, innovation and digital transformation is an imperative to ensure continuity of competitiveness Al Falasi: Adapting to the new reality is a key factor in accelerating the pace of recovery of cou…


2020-10-22

Airline will also boost flights to 10 a week from 25 October Emirates continues to gradually deploy the A380 in line with increased passenger demand Emirates will be providing more options and choice for its customers in Jordan with the introduction of scheduled Airbus A380 services to Amman as part of its expanded schedule of 10 weekly services. The expanded flight schedule between Dubai and Amman demonstrates the airline’s commitment to …


2020-10-22

The two parties review initiatives about quality of living and movement of trucks In implementation of the directives of His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, His Excellency Mattar Mohammed Al Tayer, Director-General, Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA) held a coordinative meeting with His Excellency L…


Data is an increasingly important strategic national asset, according to Majed A. Al-Hussain, the vice president of Saudi Arabia’s National Data Management Office (NDMO). In recognition of this, the office has developed a road map that includes a number of pioneering initiatives designed to drive a national data strategy, he told Arab News. He also highlighted a number of important issues that such a strategy must address, from data protect…


The inaugural Global AI Summit, which bills itself as the premier platform for dialogue on artificial intelligence, opens virtually on Wednesday and brings together stakeholders from the world of academia, government and the private sector during the two-day event. The Global AI Summit, organized by the Saudi Data & AI Authority (SDAIA) and G20 Saudi Secretariat honoring Saudi Arabia’s presidency of the international forum, will explore…


Saudi Arabia launched a national strategy on Wednesday to become a global leader in artificial intelligence (AI) and data by 2030, attracting more than $20 billion in foreign and local investments. “Saudi Arabia wants to set the best example globally in using AI for the development of a nation,” Abdullah Bin Sharaf Alghamdi, president of the Saudi Data and AI Authority, said during his opening speech at the Global AI Summit announcing…


2020-10-21

Abu Dhabi Global Market (ADGM), the leading international financial centre in the MENA region, has entered into a Statement of Co-operation (SoC) with Companies House Gibraltar (CHG), Gibraltar’s exclusive registration authority, to develop a robust knowledge exchange and ultimately augment their respective registration functions. The SoC was signed by Dhaher bin Dhaher Al Mheiri, Chief Executive Officer of the ADGM Registration A…


2020-10-21

Dubai-based hospitality group behind success of Tom & Serg, and six other successful brands, signs 10-year lease in JLT Central Park 3- levels of bespoke retail and F&B space set to open in Q2 2021 Contemporary retail concept will enhance lifestyle experiences for the community’s 100,000 residents and visitors DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise &nd…


2020-10-21

Emirates and Airlink have announced an interline agreement, widening Emirates’ reach into Southern Africa as countries begin opening their borders for travellers. Emirates’ agreement with Airlink will provide its customers enhanced connectivity via its gateways Johannesburg and Cape Town to more than 25 domestic destinations in South Africa and more than 20 regional destinations in Southern Africa. The unique connections enabled by th…


2020-10-21

Over five days, Dubai’s Roads and Transport Authority (RTA) carried out 1087 inspections of air-conditioned bus shelters across Dubai in coordination with the Dubai Police and Dubai Municipality. The campaign aimed to spot and eliminate malpractices inside these shelters as well as identifying any faults in the air-conditioning system, screens, doors and others. “We have coordinated these inspections with the Buildings and Facilities …


Distressed water treatment firm Hyflux has been living on borrowed time since it filed for bankruptcy protection in May 2018 and obtained moratorium for nearly $3 billion in debt.   One wonders if the sword will finally fall on Nov 16 at a High Court hearing that is supposedly the last chance for Hyflux to come up with a firm restructuring deal with broad support. Observers say it will likely be put under judicial management if fails …


Salma Al-Rashid has represented Saudi Arabia at the Women 20 (W20) — the official G20 engagement group on women — since 2018, first in Argentina then last year in Japan. Now, as Riyadh prepares to host the 2020 summit in November, Al-Rashid is delighted to have been named this year’s “sherpa” tasked with undertaking preparatory work for the conference....


Ice cream sales helped to boost earnings at Saudia Dairy and Foodstuff (Sadafco) in the second-quarter as the food processor maintained its market share in the Kingdom. Second-quarter net profit rose 7.9 percent to $18.7 million (SR70.2 million) compared with a year earlier, the company said in a stock exchange filing....


2020-10-20

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of The Executive Council of Dubai, inaugurated a set of new generation public bus stations at Al-Ghubaiba Bus Station. A masterpiece of modern engineering design, the bus stations are integrated with multi mass transit means including the metro, marine transport and taxis. His Highness also reviewed the E-scooter service as well as projects and initiati…


2020-10-20

Pre-Expo Climate and Biodiversity Week


  The UAE government will provide incentives, including financial contributions, and will make efforts to create a full ecosystem to support Indian healthcare manufacturing companies having strong research and development facilities, India’s envoy in the country said. The UAE-India Healthcare Conference 2020, which was organised on Monday jointly by Embassy of India, Abu Dhabi, and Consulate General of India, Dubai, FICCI and Invest In…


Philanthropic bodies from the public and private sectors have helped Saudis affected by the coronavirus lockdown with part-time and freelance job opportunities.Initiatives were launched in a nationwide effort to provide economic relief to those who lost their jobs or suffered a salary drop.Bab Rizq Jameel, part of Community Jameel, has helped more than 15,000 people in the Kingdom find employment this year.....


Egyptian Finance Minister Mohamed Maait said on Sunday that the financial performance of the Egyptian economy during the coronavirus disease (COVID-19) pandemic exceeded expectations, according to the International Monetary Fund’s (IMF) testimony in its Global Economic Outlook report for October 2020. In an official statement, he said the economic reforms adopted by President Abdel Fattah El-Sisi had strengthened the Egyptian economy and ma…


The Saudi Geological Survey (SGS) on Sunday signed several contracts with international organizations and consultants to carry out projects related to the geological survey general program. It is one of the largest geological surveys in the world, with the budget for all its stages amounting to SR2 billion (over $530 million).....


2020-10-19

Dubai Electricity and Water Authority (DEWA) has announced today that it has completed repayment of its last outstanding Bond of USD 1.5 billion. The Global Medium Term Note (GMTN) bond that was issued in 2010 matured and has been fully repaid. With this step, DEWA is in the privileged position of having Zero debt on its books. Consistent with Dubai’s steady growth, DEWA has been ramping up investment in generating, transmission and distrib…


2020-10-19

COVID-19 has caused the fastest and deepest economic shock in history US-China trade tensions have completely reshaped the global trade landscape DMCC research suggests significant innovation across technology, finance, sustainability and policy is required to create potential USD 18 trillion boost to trade Three key indices on commodity trade centres, digitalisation and sustainability published within the report Report launched during onlin…


2020-10-19

Iconic A380 Onboard Lounge and Shower Spa services re-open after a thorough health and safety review Emirates is rolling out a redesigned onboard experience. The celebrated A380 Onboard Lounge and Shower Spa have resumed operations with the introduction of additional health and safety measures. The airline has also enhanced its offering, introducing a nutrient-rich welcome drink for the winter season. The A380 Onboard Lounge, which serves First a…