Alphabet, Google’s mother company, is profoundly considering establishing more cloud innovation centres in the Middle East to spur growth in its cloud services. This move is seen as a strategic one by the company to put it on par with its competitors,
The UAE is to Provide Humanitarian Relief to Flood Victims in Nigeria : The United Arab Emirates has directed a plane carrying humanitarian supplies to Abuja, the capital of Nigeria, to mitigate the effect of the flood that has plagued the country recently. The supplies primarily consisted of food relief for those stranded or incapacitated […]
UAE in Talks with Vietnam for Commercial Cooperation : Hanoi, the capital city of Vietnam, recently announced its intention to expand its commercial ties with the UAE. Nguyen Van Phong, the Deputy Secretary of the Hanoi Party Committee, made this statement. He reiterated Hanoi’s desire for commercial cooperation with Dubai authorities when he was on […]
UAE in Talks with Cambodia for Free Trade Agreement : The United Arab Emirates (UAE) has officially kick-started talks with Cambodia to establish a Comprehensive Economic Partnership Agreement (CEPA). Talks on the agreement were initially initiated in a meeting earlier this year. During the meeting, Pan Sorasak, Cambodia’s Minister of Commerce, and Dr. Thani bin […]
The Emirates Central Cooling Systems Corporation (Empower) has announced its plans to launch an Initial Public Offering (IPO). Empower is a Dubai state-owned entity responsible for providing district cooling services across the Emirate. Late last year, Empower announced that its primary shareholders, Dubai Electricity and Water Authority (DEWA) and Emirates Power
Saudi Arabia Records 16.6% Increase in Non-Oil Exports: Saudi Arabia recorded a 16.6% increase in its non-oil exports for August. The numbers were recently released, with total non-oil revenue peaking at over $7 billion. This is coming after Saudi Arabia recorded a 31% increase in its non-oil exports in the second quarter of this year. […]
Bahrain Signs Ground-breaking Agricultural Agreement with Israel : Over the past year, Bahrain has successfully turned global attention to its territory. The Middle Eastern country attracted an FDI of $921 million in the first nine months of this year and recorded a whopping $88 million revenue surplus in the first half of this year. Bahrain […]
The UAE has Successfully Delivered the First Green Hydrogen to Germany: In the spirit of breaking records and setting the pace, the UAE has officially supplied the first hydrogen-concentrated ammonia to Germany. The substance is a low-carbon ammonia fuel renowned for its low flammability and is a potentially carbon-free source of energy and power. Both countries view […]
Saudi Arabia is Set to Allocate $266 Million to Supply Chain Investors: The Kingdom of Saudi Arabia has made another significant move to up its economic game by introducing the Supply Chain Initiative. This move aims to place the country on a new level of financial and commercial development, reinforcing its place as one of […]
Turkish Airlines, in an Unparalleled Move, Are to Include Far East Flights: Despite the calibre and quality of services provided, the Turkey government is steadily directing its airlines to add more routes to the far East of its territory. This move by the government was strategic to attend to the increasing travel demands and to […]
Faisal Bin Farhan, Saudi Arabia’s Minister of Foreign Affairs, is Set to Represent the Country at the Arab League Summit: The Minister of Saudi Arabia’s Foreign Affairs, Faisal bin Farhan, is set to represent the country at the Arab League Summit. He will act in the place of the Kingdom’s crown prince, Mohammed bin Salman. […]
Saudi Arabia Begins Extensive Work on its Vertical City – The Line Saudi Arabia has topped its efforts to birth a sustainable planet Earth by beginning the construction of its vertical city – the Line. The city is one of the many projects the kingdom has initiated in its climate action endeavours to achieve its […]
The UAE recently declared a cancellation of all business license fines where such licenses have been delayed or terminated. Small and Middle Enterprises can now rest assured that upon late renewal or expiration of their business licenses, they will not have to pay a fee for their oversight. The same applies to companies within the […]
The United Arab Emirates has expressed complete displeasure about the acting head of mission of the European Union, Joseph Borrell, statements. The country considered the message to be racist, discriminatory, and inappropriate. The UAE has summoned Joseph Borrell for an explanation of his comments. What are the Details of Joseph Borrell’s Remarks The European Union
The United Arab Emirates has declared its full support for Saudi Arabia in its quest for global energy stability, security, and world peace. This news follows the bitter lash back by some countries about OPEC+’s decision to cut oil production to two million barrels daily. Why has the UAE Chosen to Stand by Saudi Arabia […]
In an unprecedented move, the South African government and Saudi Arabia have entered into a Memorandum of Understanding valued at $17 billion. The MoU is to establish collaboration and economic partnership between both countries in line with Saudi Arabia’s vision for 2030. What are the Specifics of the MoU Agreements The President of South Africa, […]
Saudi Arabia recently announced its intent to provide $400 in humanitarian aid to Ukraine to mitigate the effects of the ongoing war. This support follows significant accusations in Saudi Arabia for politicizing oil production after the proposed reduction by OPEC+ members. Why Did Saudi Arabia See the Need to Provide Humanitarian Support in Ukraine The […]
The UAE government has entered into a visa-free travel agreement which grants Japanese citizens free entry into the Emirates. The visa-free program is to kick off on November 1 2022. Both countries’ agreements foster tourism and business between their territories. What are the Details of the Visa-Free Entry into the Emirates The UAE will launch a vis-free […]
In a bid to advance respective national development, the UAE and Russia have initiated bilateral cooperation to boost the tourism sector, trade volume, and economic development. This move comes at a time when both countries are working eagerly to ensure regional security and stability. All You Need To Know About The Bilateral Development Sheikh Mohammed […]
Following the OPEC+Â announcement for countries to reduce oil production to two million barrels daily, Saudi Arabia has moved to cut down its oil production. This move comes a little after the President of America, Joe Biden, visited the country to request for oil production increase. What are the Specifics of the Oil Cut In a […]
