Search Results for: "AD Ports"

No surprises as UAE central bank leaves rates at 5.40%

The UAE decision follows the US Federal Reserve’s decision on Wednesday to keep interest rates unchanged amid inflation having not adequately lowered

How the digital world has put ‘teenpreneurs’ on the map

Driven by their creativity and diverse perspectives, teenage entrepreneurs often find unconventional solutions to problems while challenging traditional norms

DFM owner Borse Dubai slashes stake in Nasdaq

Shares of Nasdaq fell more than 2 per cent at one point amid news that its biggest shareholder, Borse Dubai, is cutting its stake

AHS Properties CEO Abbas sajwani Image Motivate Media Group

‘Location sets the stage for luxury living’, says AHS Properties’ Abbas Sajwani

Keen to step outside the box and reimagine the expected, entrepreneur and AHS Properties CEO Abbas Sajwani is not just selling dream homes – he’s redefining the landscape of luxury living

Red Sea - MAERSK

Hapag-Lloyd to seek cost cuts in 2024 as Red Sea crisis hits profit margins

Habben Jansen said the Red Sea crisis had rather enforced route changes

Kuwait’s Q8 to buy 50% of Italian biodiesel producer EcoFox

Kuwait oil company Q8 to buy 50% of Italian biodiesel producer EcoFox

Q8 supplies aviation fuel to more than 70 international airports and holds stakes in three refineries in Italy, Vietnam and Oman

Qatar Airways courts Airbus and Boeing for 150 new planes

Qatar Airways mulls up to 150 widebody orders from Boeing, Airbus

Earlier this month, Qatar’s national carrier said its entire fleet of A350 jets was back into service after settling a legal dispute with Airbus

saudi arabia non-oil activity

Saudi Arabia hits important economic milestone: Non-oil activities at 50% of GDP

The data points to a positive trajectory for the kingdom’s economy, driven by diversification, and growth across multiple sectors

oil

Oil prices at four-month high as revised IEA outlook signals tighter market

Near-term growth in global oil and liquids production will be driven primarily by the US, Guyana, Canada and Brazil, offsetting voluntary production cuts by OPEC+

BUDAPEST - DUBAI

‘Mini-Dubai’ being built in Budapest amid EUR5bn UAE-Hungary deal

First revealed in 2023 by Hungarian Minister Janos Lazar, the project was said to cost approximately EUR1bn, to enhance and upscale an abandoned neighbourhood in the capital

Lev Matveev, chairman of BOD at Searchinform on tackling internal security risks Image Supplied

Here’s how companies can mitigate internal security risks

We look at how companies can combat internal security threats with managed security service providers

Almas Tower in DMCC. DMCC is home to over 24,000 companies

Dubai’s DMCC now home to over 24,000 companies, reveals report

The free zone authority shared that a total of 2,692 new companies joined DMCC last year

Egypt raises minimum wage by 50% as part of ‘urgent’ package

Egyptians remit more money home after devaluation

The devaluation was part of an $8bn financial support agreement that Egypt last week signed with the International Monetary Fund

TikTok

US house votes 352-65 to pass TikTok crackdown bill

The TikTok bill passed 352-65, with bipartisan support, but it faces a more uncertain path in the Senate

Abu Dhabi AI group G42 unveils new AI tool BoardNavigator

How Abu Dhabi’s G42 is bringing AI to the boardroom

BoardNavigator will be able to analyse large proprietary and public data sets to support board members in decision-making processes

How the mena region is evolving into a global mobile gaming oasis, says Sandsoft's CTO SAudi-Arabia-to-host-esports-and-gaming-conference-Image-GettyImages-1385176759

Insights: The MENA region is poised to be the next big mobile gaming oasis

According to the International Trade Administration, there are around 23.5 million gamers in Saudi Arabia, which accounts for almost 70 per cent of its population

Oil hovers near 3-week high on Middle East tensions

OPEC, IEA oil demand forecasts since 2008: A comparison

OPEC and the IEA, the world’s most closely watched forecasters of oil demand growth, are further apart than they have been for at least 16 years in their views on fuel use

Archer Aviation to build vertiport network in UAE

How the UAE is ramping up plans to launch flying taxis

The use of electric vertical take-off and landing aircraft is expected to reduce travel times between Dubai and Abu Dhabi to 30 minutes

Saudi Arabia, Qatar - GCC

Lower GCC growth amid oil cuts, says Oxford Economics

GDP growth for Saudi Arabia in 2024 is expected to top 2.1 per cent, while growth in the UAE is set to reach 4.4 per cent

Abu Dhabi’s Unifrutti expands footprint with fresh acquisitions

Abu Dhabi’s Unifrutti eyes further Latam growth after fresh acquisitions

The company is owned by Abu Dhabi wealth fund ADQ and distributes 500,000 metric tonnes of fresh fruits worldwide per year

Abu Dhabi greenlights Dhs66bn development blitz in 2024 Image Ab Dhabi Media Office

Abu Dhabi green-lights Dhs66bn development drive in 2024

Marking a significant focus on bolstering the housing sector, over Dhs59bn has been earmarked for the development of housing and public facilities throughout Abu Dhabi

Aramco - oil supply to China

Aramco boosts 2023 dividends 30% with second-highest profit on record

Aramco’s shares were up about 1.7 per cent to SAR32.3 a share, slightly above their 2019 IPO price of SAR32

Egypt raises minimum wage by 50% as part of ‘urgent’ package

How big are Egypt’s economic challenges?

As many as 60 per cent of Egypt’s 106 million citizens are estimated to be below or close to the poverty line

Poland

Top 5 must-visit destinations in Poland: Uncover the hidden gems of Eastern Europe

Whether you’re an adrenaline junkie or seeking a cozy winter retreat, Poland is a destination that promises unforgettable memories

PIF’s Ceer to build $1.3bn EV factory in Saudi Arabia

PIF’s Ceer awards $1.3bn contract for EV factory in Saudi Arabia

The electric carmaker awarded the contract for a production facility spanning more than one million square meters

Saudi Arabia transfers 8% Aramco stake to PIF

Saudi Arabia doubles sovereign fund’s stake in Aramco

The fund has held a 4 per cent stake in Aramco since 2022 and indirectly holds another 4 per cent that was transferred last year to Sanabil

yacht

Number One Luxury Yacht Offers the Best Luxury Yacht Rental in Dubai

Welcome to Number One Luxury Yacht, where luxury sets sail along the sparkling waters of Dubai.

Egypt signs expanded $8bn loan deal with IMF

Egypt secures IMF deal after pound plunge, bumper rate hike

The central bank raised the overnight lending rate to 28.25 per cent and its overnight deposit rate to 27.25 per cent

UAE cuts visa process from 30 days to five

UAE unveils platform to expedite work, residency visa process

The first phase of the initiative will be implemented in Dubai and will be gradually expanded to other emirates

LEAP

Tech investments approach $13bn on Day 2 at LEAP 2024

The Riyadh Exhibition and Convention Centre in Malham witnessed the unveiling of investments aimed at supporting local start-up ecosystems