Browsing: Business
During the financial year 2021, the UAE recorded the highest Gross Domestic Product (GDP) in the region of AED 1.489 trillion, breaking international economic expectations. UAE’s GDP growth rate for the year 2021 exceeded the estimates of analysts and specialized
The Saudi Arabian Mining Company (Ma’aden), one of the fastest-growing mining companies in the world, and Emirates Global Aluminium (EGA) have extended their memorandum of understanding (MoU). In this extension, signed during the recently concluded Expo 2020 in Dubai, the
International Holding Company PJSC (IHC), the Abu Dhabi-based conglomerate, announced that it had signed an AED 7.3 billion (USD 2 billion) Investment Agreement with Indian multinational conglomerate Adani Group, as primary capital in three Adani portfolio companies – Adani Green
EDGE, the region’s leading provider of advanced technology services, ranked among the top 25 in the world, has announced the appointment of Saif Ali Al Dahbashi to the position of Chief Executive Officer (CEO) at AL TAIF, the nation’s leading
The Sultanate of Oman, represented by the Ministry of Finance, presided over the annual meetings of the joint Arab financial institutions as well as the 45th meeting of the Board of Governors of the Arab Monetary Fund (AMF), held in
Dnata announced plans to expand its European footprint by acquiring Germany-based Wisskirchen Handling Services (Wisskirchen). With its entry into the German market, dnata will be able to further consolidate its position as a leading provider of cargo services around the
Abu Dhabi Distribution Company (ADDC), a subsidiary of Abu Dhabi National Energy Company (TAQA Group), has signed a Memorandum of Understanding (MoU) with Abu Dhabi University (ADU) to accelerate technological, societal, and environmental solutions in the energy sector. Training programs
The newly appointed Governor of the Central Bank of Kuwait, Basel Al-Haroun, was received by His Highness the Prime Minister, Sheikh Sabah Khaled Al-Hamad Al-Sabah, on Tuesday at the Bayan Palace. His Highness the Prime Minister was introduced to the
Inflows of foreign direct investment (FDI) into the UAE increased by 3.9 percent in 2021 compared to 2020, reaching nearly AED 76 billion ($20.7 billion). This resulted in the total FDI balance in the country reaching nearly AED 630 billion
Export Bahrain has signed two strategic Memorandums of Understanding (MoUs) with Bosnia and Herzegovina Friendship and Business Society and Bosna Bank International (BBI) to facilitate Bahraini businesses in accessing European and global markets. In addition to promoting economic and technological