Middle East

Date
2023-02-03

The new four business groups are within the construction sector: Building Materials Business Group, Cement & Ready-Mix Business Group, Ceramics Business group and Paint Coating & Gypsum Business Group. Lootah: Our role at Dubai Chambers is to support the various economic sectors in Dubai including construction. AED247.4 billion is Dubai’s trade of building materials during the period 2011-2021 Dubai Chamber of Commerce, one of…


Saudi Arabia’s Public Investment Fund has signed a joint venture agreement with US-based AeroFarms to establish a company in Riyadh to build and operate indoor vertical farms in the Kingdom and the wider Middle East and North Africa region.....


Abu Dhabi-based Aldar Properties has signed a binding joint venture agreement with Dubai Holding to enter Dubai’s real estate market, according to a statement released Thursday.   Expanding footprint The plan includes the development of new communities in three locations across an area of 3.55 million square meters (sqm) or 38.2 million square feet, Aldar said. They will be located in the suburbs of Dubai, along the E311 and E611 corri…


The E-Business Awards 2023 will be held on March 13, 2023, at the Sofitel Dubai The Palm. Nominations for the E-Business Awards 2023, an annual event staged by Entrepreneur Middle East to recognize and reward key players in the MENA region's digital business landscape, will be accepted untill March 6, 2023.....


2023-02-02

For the second year in a row in 2022,  Dubai Electricity and Water Authority (DEWA) recorded a significant increase in using its digital services by all stakeholders. This reflects the excellence and leadership of the digital transformation process at DEWA and its success in providing innovative and advanced services that meet the needs of stakeholders at any time and from anywhere with ease and safety. This saves their time and effort and e…


2023-02-02

The move comes as part of the Abu Dhabi Health Department's Healthier Abu Dhabi initiative. Abu Dhabi's Health Department on Tuesday signed a memorandum of understanding with Maccabi Health Services' Khan Sagol Maccabi Research and Innovation Center pledging to increase cooperation in healthcare research and technological innovation, the organizations announced.....


The Public Authority for Special Economic Zones and Free Zones (OPAZ) yesterday signed a memorandum of understanding (MoU) with Economic Cities and Special Zones Authorities in the Kingdom of Saudi Arabia (KSA) in the field of economic and investment development. The MoU seeks to optimise the competitive advantage of cities and special economic zones by setting a general framework for joint activities and developing capabilities between the two s…


Among the most prominent changes in the Planning and Statistics Authority’s latest issue is the increase in total number of vessels arriving at Qatari Ports and total net tonnage, at a monthly rate of 6.6 percent and 22.9 percent, respectively (compared to November 2022), and an annual increase of 10.4 percent ​​and 11.1 percent (compared to December 2021)....


Saudi Arabia will continue to be a jobseekers' market for many years to come, with the competition for skilled workers across various industries becoming fiercer than ever. As the economy of the Kingdom of Saudi Arabia grows and diversifies in the wake of Vision 2030, the competition for skilled workers is only likely to increase. The businesses and government agencies that win the tug-of-war for talent will be those that understand and …


2023-02-01

Initiative aimed at reinforcing Dubai’s reputation as a global metaverse leader DIFC Metaverse Platform is aligned with the Dubai Metaverse Strategy which aims to add $4 billion to Dubai's GDP First initiative of the platform is a six-month accelerator programme that seeks to generate 500 applications from global metaverse innovators and stimulate investment opportunities Dubai International Financial Centre (DIFC), announced, today,…


2023-02-01

A report published by Dubai Chamber of Digital Economy H.E. Omar Sultan Al Olama: supporting Dubai’s economic agenda (D33) through digital transformation will drive growth and development in the business sector. Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has issued a recent report detailing plans to drive the emirate’s digital economy ambitions, as part of its efforts to strengthen th…


2023-02-01

A total of 48 highways and 34 internal roads in residential areas were maintained Dubai's Roads and Transport Authority (RTA) revealed that Dubai's Roads Pavements Condition Index scored 95% in 2022, according to the results of a functional and structural assessment conducted by RTA's Traffic & Roads Agency.  The assessment is designed to identify surface damage such as cracks, subsidence, potholes and loosening in the sidewalk surface u…


Saudi Arabia's gross domestic product (GDP) grew by 5.4% year-on-year in the fourth quarter of 2022, driven by an increase in oil and non-oil activities, according to flash estimates released by the General Authority of Statistics (GASTAT) Tuesday.   Saudi GDP Non-oil activity rose by 6.2% and oil activity increased by 6.1%. Government services activity grew by 1.8% in the fourth quarter, GASTAT said....


The AlUla Development Co., fully owned by Saudi Arabia’s Public Investment Fund, has begun its operations to support sustainable development in the province, as the Kingdom continues its green tourism journey in line with the targets outlined in Vision 2030. The operations of the company are aiming to position AlUla as a leading tourist and cultural destination, according to a joint press release issued by the firm and PIF.....


2023-01-30

Emirates has operated its first milestone demonstration flight on a Boeing 777-300ER, powering one of its engines with 100% Sustainable Aviation Fuel (SAF). The flight took off from Dubai International Airport (DXB), and was commanded by Captain Fali Vajifdar and Captain Khalid Nasser Akram, flying for more than one hour over the Dubai coastline. The flight deck crew were accompanied by Adel Al Redha, Emirates’ Chief Operating Officer,…


2023-01-30

The latest in Dubai Chamber of Digital Economy's interactive series In response to the continued rapid growth of Dubai’s digital industries and the growing start-up culture in the emirate, Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, brought together leading entrepreneurs, venture capitalists (VCs), and senior executives representing the venture capital (VC) and incubators for an insightful wor…


2023-01-30

The agreement entitles RTA to tow and impound vehicles Dubai’s Roads and Transport Authority (RTA) has signed an agreement with Emirates Parkings entitling RTA to tow and impound light and heavy vehicles and trailers found in violation of federal and local rules & regulations. The agreement enhances the impounding system and links it with the traffic and electronic systems to enable sharing of information about seized vehicles and calcu…


I read about some law changes when it comes to hiring domestic workers in the UAE. I am from India and wish to bring someone from my hometown to stay with us as a full-time maid. Can you please explain the legal process to follow?


Forbes Middle East’s Under 30 Summit in El Gouna celebrated the accomplishments and potential of some of the most inspiring young achievers from the Middle East and beyond across a variety of different industries. Increasing literacy through ed-tech Cofounders of Egyptian ed-tech startup iSchool, Chief Business Development Officer, Mohamed Algawish, and CFO Mustafa Abdulmoneim, revealed that they are in talks for a new Pre-Series …


"Our USP lies in our unique and seamless ordering experience from restaurant tables, and a strong table management base sets us apart from our competitors and allows us to run restaurant operations more efficiently." The winners of the Foodtech Innovation of the Year award at the 2022 Tech Innovation Awards staged by Entrepreneur Middle East, NextBite co-founders (and brothers) Mohammad and Abdulrahman Alhamdan clearly di…


2023-01-29

2023 Highlights: Total volume traded – 8,239,546 lots Total volume traded – up 16.00 Y-o-Y Total value traded – USD 162.01 billion Total value traded – up 8.24% Y-o-Y Average open interest – 127,831 lots Average daily volume – 31,800 lots Highest daily volume – (21-Oct-2022), 90,107 lots Gold volume – up 78% Y…


2023-01-29

Dubai Electricity and Water Authority (DEWA) inaugurated 17 new substations in 2022. These include fifteen 132kV stations with a conversion capacity of 2,280 megavolt amperes and two 400kV stations with a conversion capacity of 4,000 megavolt amperes, in Al Qusais Industrial Area 5 and Jebel Ali First. DEWA installed five kilometres of 400kV overhead transmission lines and 247 kilometres of 132 kV ground cables to connect the substations to the m…


2023-01-29

 ‘Green Jobs for Youth – Online Training and Mentoring’ is the inaugural program within Dubai Cares’ climate and education thematic focus area, which aims to position education and skilling as key to climate action  The innovative program will focus on equipping youth with the knowledge, skills and training needed to lead the transition towards a green economy In its effort to champion education transformatio…


The Saudi Export-Import Bank has signed a memorandum of understanding with the Italian Export Credit Agency, also known as SACE, to boost trade between the two countries. The agreement was inked by EXIM Bank CEO Saad bin Abdul Aziz Alkhalb and the head of the Italian agency Alessandra Ricci at SACE’s headquarters in Rome......


IPA Qatar's reports provide detailed information on the country's main economic sectors. Qatar's Investment Promotion Agency (IPA Qatar) has launched "how-to" guides to provide entrepreneurs, investors, and businesses with vital information they'd need to establish or expand their operations in the country....


2023-01-28

High-level delegation from business and social media platform LinkedIn met with DMCC as part of efforts to boost company-wide content strategy Delegation toured DMCC and DGCX headquarters in Dubai, DMCC Crypto Centre, Dubai Diamond Exchange and Dubai Design Academy Discussions focused on integrating LinkedIn’s cutting-edge features including videos and analytics as part of DMCC plans to build next phase of global growth DMCC – the wo…


2023-01-28

Bringing the total number of Business Groups to 45 Lootah: These latest business groups will help ensure transparent communication between key players in each sector – the Chamber will continue to help create meaningful dialogue between group members, the Chamber and government. The groups focus on companies operating in fabrication and welding, electrical equipment and contractors’ business, cable and wire, and steel and metal tr…


2023-01-28

City’s world-class infrastructure, picturesque resorts, luxury hospitality offerings, high quality services, safe environment and diverse tourist attractions make it a top-ranked location for destination weddingsCity hosts the 5th edition of the Dubai Global Wedding Excellence (GWE) retreat and forum from 9-10 JanuaryEvent provides a platform for representatives from the wedding, lifestyle and events sectors to network, share ideas and exch…


2023-01-27

Viewz, developed in partnership with Jumeirah Lakes Towers’ master developer DMCC, is the largest project to be unveiled by Danube Properties so far with a development value exceeding Dh1.4 billion With Viewz, Danube Properties’ current development portfolio includes 21 projects and 10,021 units, with a combined sales value exceeding Dh8.15 billion Danube Properties has so far delivered 11 projects and 4,555 units with a combined …


2023-01-27

The Emirates Group and the Anwar Gargash Diplomatic Academy (AGDA) are set to collaborate in the launch of a training programme for the airline’s Emirati Country Managers. The innovative programme is designed to enhance the diplomatic skills of managers who are stationed around the world, and forms part of the Group’s new Commercial Ambassador Leadership Programme. A ceremony to celebrate the signing of a Memorandum of Understanding (…


audi Arabia’s General Entertainment Authority has now issued licenses for more than 24 theme parks and 421 entertainment centers, as the Kingdom steadily diversifies its economy in line with the goals outlined under Vision 2030.   GEA has also now provided 4,198 permits for entertainment events, along with 3,370 permits for live performances in restaurants and cafes, Saudi Press Agency reported, citing the…


Held under the theme of #BusinessDoneBrave, the event gathered over 250 guests from across the UAE entrepreneurial ecosystem who were actively engaged with the many immersive activations staged at the site. On January 24, 2023, international cross-border payments platform 3S Money marked its debut in the UAE with a grand launch party staged in partnership with Entrepreneur Middle East at Concrete in AlSerkal Avenue in Dubai...…


2023-01-26

A significant statement of confidence in DP World’s business and future   Our improved rating by Moody’s shows the confidence global investors have in our business, our world-leading assets and our strategy to push deeper into the logistics business to capture more value. Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World   Moody’s Ratings Agency announced that it has upgraded DP World’s ratings, …


2023-01-26

Hosted jointly by Dubai Chambers and IBLF Celebrating the special economic relations between India and the UAE, Dubai Chambers today hosts the India-UAE Partnership Summit at its headquarters in Dubai. Hon. Piyush Goyal, Minister of Commerce & Industry, Government of India, inaugurated the Summit with an opening keynote where he highlighted that the UAE-India Comprehensive Economic Partnership Agreement (CEPA) has given a natural boost to key…


"I'm a believer in building one's sense of self, because life puts us in numerous situations where a strong sense of self-worth becomes our best defense against feeling lost, insecure, or stuck." When I asked Rissa Mananquil Trillo to recall three situations that defined her path in business, I certainly did not expect that this United Nations (UN) Women advocate, author, and entrepreneur, who is regarded as a pioneer for homegrown beauty busines…


2023-01-25

HE Saeed Mohammed Al Tayer, MD&CEO of Dubai Electricity and Water Authority (DEWA), inaugurated power management company Eaton’s new Customer Experience Centre (CEC) in National Industries Park, Jebel Ali, Dubai. The opening ceremony was attended by HE Dr. Mohammed Al Zarooni, Chairman of Dubai Integrated Economic Zone Authority (DIEZ), and Abdulla Bin Damithan, CEO & Managing Director, DP World UAE, in addition to Eaton’s sen…


2023-01-25

UAE established the world’s first AI University - Omar Al Olama The sessions of the 8th Dubai International Project Management Forum (DIPMF) (25-26 Jan 2023) saw intense participation and significant interaction of participants and visitors from the UAE and the world over. The first day included a conversational session titled: The Future directives of AI and advanced technologies in the UAE, with His Excellency Omar bin Sultan Al Olama, Mi…


Built as an application program interface that can access all major wearable and internet of things providers, Spike's platform helps medical providers gain access to an exhaustive user information database based on biomarkers. The next time you strap an Apple Watch or a FitBit onto your wrist, consider this for a second: every statistic saved onto this tiny device -including your heart rate, your blood sugar levels, and even your sleep schedule-…


The Saudi Central Bank, also known as SAMA, is carrying out experiments with a central bank digital currency in cooperation with other financial institutions and fintech firms, the Saudi Press Agency reported. The project is in line with measures taken by central banks around the world to issue widely accessible digital coins to ensure privacy and financial security......


2023-01-24

Supporting the growth of the digital industry H.E. Ahmed Bin Byat: The Chamber is committed to supporting forward-thinking businesses and entrepreneurs to fully harness the benefits of social media and all aspects of the growing digital economy. The digital industry workshop series are an important platform to maintain two-way communications with members and industry leaders to promote growth and policy innovation in Dubai’s social me…


2023-01-24

Ground evaluation closely compared performance of different fuels in engines, paving way for experimental test flight Emirates has successfully completed the ground engine testing for one of its GE90 engines on a Boeing 777-300ER using 100% Sustainable Aviation Fuel (SAF). The objective of the ground testing and analysis is to demonstrate the capability of the GE90 engine to run on the specially blended 100% SAF without affecting its performance…


2023-01-24

Dubai Electricity and Water Authority (DEWA) launched the OWNEK (Arabic equivalent of ‘your help’) awareness initiative to help its accredited contractors and consultants obtain DEWA’s approval on the first instance when requesting electricity connections, to save their effort and time, and facilitate and speed up the workflow. The initiative includes a series of awareness sessions and detailed videos in Arabic and English, to e…


2023-01-24

The intake of the street rises to 14,400 vehicles per hour Dubai’s Roads and Transport Authority (RTA) opened on Sunday 22nd January 2023, Sheikh Zayed bin Hamdan Al Nahyan Street Improvement Project extending 3 km from the intersection with the Dubai-Al Ain Road up to the Academic City Roundabout. RTA also opened two 120-metre bridges at the intersection of Dubai Silicon Oasis, comprised four lanes in each direction. These improvements wil…


Dubai Customs kicked off the 6th Dubai Customs Week, and launched the Dubai Customs Youth Council in line with the standards of the Federal Youth Authority. The council aims to empower the youth in the organization so that they can better face the challenges and lead the future following the criteria and targets of the UAE Centennial 2071.  Dubai Customs is organizing the 5th Dubai Customs Week for the 5th year in a row between 23 and 31 Jan…


Real estate deals worth more than SR10 billion ($2.66 billion) were signed on the opening day of an industry gathering in Saudi Arabia.  The cooperation memorandums and agreements were inked at the second edition of the Real Estate Future Forum in Riyadh, which is being held from Jan. 23 to 25.....


2023-01-23

DMCC and Bharat Subcontinent Agri Foundation sign MoU to target growth in agri commodities trade between UAE and South Asia MoU to focus on FoodTech and AgriTech projects, business opportunities, and knowledge transfer through events DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – and the Bharat Subcontinent Agri Foundation (BSAF) have signed a memorandum of unders…


Proximity to home and a conducive environment are some of the factors working in the favour of UAE Indian students are looking at the United Arab Emirates (UAE) as an academic destination. For many years now, the US, and the UK have been the most preferred places to go with Australia, Russia, and Ukraine too being options....


Organized in partnership with Dubai Chambers, the Retail Summit will host over 75 speakers who will deliver more than 30 curated sessions and address some of the most pressing issues on the modern retail agenda. The Retail Summit, an annual event that gathers global retail giants to discuss the future of the retail industry, will take place at Atlantis, The Palm Jumeirah and Atlantis, The Royal, from March 14-15, 2023.....