DHL acquires remaining shares in Danzas AEI Emirates image DHL

DHL to acquire remaining shares in Danzas AEI Emirates

Danzas AEI Emirates to be fully integrated into DHL Global Forwarding network and to re-brand to the DHL brand

kuwait

Kuwait seeks to boost oil production, pushes on with Durra gas field

Oil Minister Saad Al Barrak said the state firm aimed for net zero carbon emissions by 2050

EDB advances food security with Dhs721m in funding

EDB supports food security with Dhs721m under its five-year strategy

Food security is one of the five priority sectors that the development bank supports to contribute to the country’s national development agenda

UAE GEORGIA CEPA

UAE and Georgia sign CEPA to boost trade

By removing or reducing tariffs on 95 per cent of product lines, the agreement is set to boost non-oil trade value beyond $1.5bn in the next five years.

Agtech firm Silal buys majority stake in SAFCO

ADQ-backed Silal acquires majority stake in SAFCO Group

The agtech firm said the deal will strengthen its presence in the hospitality, restaurant, and catering segments

Egypt inflation

Egypt’s inflation at historic high in September, breaks 2017 record

It was the fourth consecutive month of record highs recorded on the central bank website

IMF on Saudi Arabia economy

IMF cuts Saudi Arabia’s growth forecast for 2023

It has gradually lowered its overall growth forecasts for Saudi Arabia, the world’s biggest oil exporter, over the course of this year

Masdar, MIDA to develop energy projects in Malaysia

Masdar to develop 10GW renewable energy projects in Malaysia

The partnership marks an important milestone in the pursuit of a sustainable and greener future for Malaysia

ECONOMIC CRIMES PLATFORM

Dubai announces public platform to report economic crimes

The new platform will aid in the reporting of economic crimes such as money laundering, bribery, forgery and embezzlement

Wizz Air Abu Dhabi (Image: Supplied by Wizz Air Abu Dhabi)

Wizz Air Abu Dhabi commences flights to Erbil

The twice-weekly services operate every Monday and Friday

coal mine

Coal industry faces 1 million job losses from global energy transition: Report

Hundreds of coal mines are expected to close in the coming decades as countries transition to low-carbon energy sources

Saudi Arabia takes a step further in its FIFA World Cup bid

Saudi Arabia submits letter of intent to host 2034 FIFA World Cup

More than 70 FIFA member associations have pledged their support since the kingdom declared its bid for the tournament

Chinese funds look to the Middle east

China equity funds look to Middle East cash as US investments wane

Big US investors such Texas Teachers’ Pension and California State Teachers’ Retirement System have cut exposure to Chinese equities

How LCRE is leveraging Dubai’s property boom

Cover: LCRE’s Shitij Kapoor shines the spotlight on the company’s strong foundation

The CEO and founder shares how his company’s success is built on strong developer partnerships, core values and a thriving relationship with investors

ADIA optimistic on equities, private credit after turbulent 2022

Sovereign wealth fund ADIA optimistic on equities, private credit after turbulent 2022

The fund is looking at opportunities in the private credit market, as banks become more cautious about lending due to rising financing costs

expand north star

Expand North Star 2023: A global stage for startups at Dubai Harbour

The world’s largest start-up event hosted by Dubai Chamber of Digital Economy, will kick-off its largest ever edition this October

LuLu Group Dubai Mall

Lulu opens 72,000 square feet hypermarket in Dubai Mall

It is the largest in-mall hypermarket operated by Lulu Group

UAE approves 2024-2026 federal budget of Dhs192bn

UAE approves 2024-2026 federal budget of Dhs192bn

The budget estimates expenditures of Dhs64.1bn in 2024, up 1.6 per cent from estimates for 2023

stock markets

Israel-Palestinian crisis: Major Gulf stock markets fall

Almost all the stocks on the index were in negative territory including blue-chip developer Emaar Properties

DUBAI SCHOOLS: Winter break - Image-courtesy-KHDA

UAE holidays 2023: When will schools have the winter break?

According to the KHDA schedule, schools will break for winter in the second week of December

Dubai 3D printing

Dubai launches world’s first 3D printing certification for construction sector

The certification will help streamline procedures and improve the quality of 3D printing concrete mixes used in factories licensed and operating in Dubai

Saudi Arabia’s PIF, SEC set up EV infrastructure company

Saudi Arabia’s PIF, SEC set up EV infrastructure company

The wealth fund will hold a 75 per cent shareholding in the company, while the SEC will own the remaining 25 per cent stake

MUNJZ SME facilities management

Munjz: Embracing digital transformation of facilities management in Saudi Arabia

Saudi startup Munjz takes on the mantle of digitalising the facilities management industry in the kingdom as it races to compete in the built industry on a global scale

Abu Dhabi’s oil champion ADNOC bets on global expansion

Insights: Abu Dhabi’s oil champion ADNOC bets on global expansion

The company’s board brought forward to 2027 plans to up production capacity to five million barrels per day and approved a capital spending of $150bn

Qatar Airways expands network in Saudi Arabia (Image: Sourced from Qatar Airways Media Newsroom)

Qatar Airways expands network in Saudi Arabia

The airline will launch services to AlUla and Tabuk, and resume flights to Yanbu

Israel crisis hits oil prices

Oil prices jump as Israel-Palestine crisis rattles markets

The eruption of the Israel-Palestine crisis threatens to derail US efforts to broker a rapprochement between regional powers

Israel - Air India, Lufthansa cancel flights (Image: supplied by Boeing)

Israel: Air India, Lufthansa and other major airlines cancel flights

The ongoing security situation in Tel Aviv has raised concerns among airlines, impacting travel plans for many passengers

Dubai attracts $5.7bn greenfield FDI capital in H1 2023

Dubai attracts greenfield FDI capital of $5.7bn in H1 2023

The emirate attracted 511 greenfield projects and climbed to sixth position in FDI capital attraction

DEWA’s COP28 stand to focus on sustainability

DEWA’s COP28 stand to showcase sustainability projects

The stand will be located in the Green Zone and it will highlight the company’s efforts in energy, water and renewables

Iphone 15 UAE

Apple releases software update to resolve iPhone 15 overheating issue

The latest update to the iOS 17 software includes bug fixes, security updates, and addresses the heating issue