Jeddah frequently experiences heavy downpours and flooding during the winter. Located on the Red Sea, the city of Jeddah is home to a population of about 4 million people, and it is often called the “gateway to Mecca,” from which millions of people annually make the journey to
NEWS DESK
Get the latest Press Releases on menew247.com. Direct from the source, we bring you official announcements, statements, and news from key industries and government entities across the Middle East. Stay informed with real-time updates on launches, events, and strategic initiatives.
Fresh from launching the Middle East’s first-ever Hybrid Work Lab, Al Zubair Group, the UAE-headquartered collaborative and certified business communications solutions specialist, is already looking forward to rolling out its pioneering new facility concept to other regions. This comes about as the region shrugs off the unparalleled disruption of the traditional workplace
UAE Explores Economic Opportunities in the Caribbean: Metadata: The UAE recently deepened its interest in economic opportunities. In accordance with this drive, the country has announced that it intends to explore the Caribbean’s economic opportunities. This article gives details on this move. Keywords: The Carribbean, Investment, Economic Opportunities The UAE has
Saudi Arabia Signs Energy Agreements With Egypt: Saudi Arabia recently announced that it signed an MoU detailing an energy agreement with Egypt. Both countries signed the agreement during this year’s edition of COP 27, the UN Climate Change Conference and the Green Middle East Initiative Summit. Both events were held at Sharm el-Sheikh, although it […]
Saudi Arabia Signs Deals Worth $30 Billion With South Korea: Saudi Arabia has signed investment deals worth about $30 billion with South Korean companies. The announcement was made by Saudi Arabia’s Minister of Investment, Khalid Al-Falih. Under the numerous deals signed with South Korea, companies like Samsung C&T Corp and POSCO Holdings signed about twenty […]
UAE’s Schools Operator Announces IPO Launch: Taleem Holdings PJSC, one of the largest school operators in the UAE, has announces its IPO launch (Initial Public Offering). Upon its launch, Taleem became the only dedicated education provider listed on the Dubai Financial Market (DFM). Taleem Holdings, which was formerly regarded as Beacon Education, is a UAE-focused […]
UAE Scraps VAT for Board Members: The UAE’s Ministry of Finance has scrapped VAT payments for board members who render services. Younis Haji Al Khoori, the Ministry’s undersecretary, made the announcement. According to Al Khoori, the cabinet decision will officially come into effect by January 1st, 2023. The recent decision covers all members of a […]
Cover Image Credit: Dipesh Majithia, CEO of T4tec. Credit: Arnold Pinto With the oil-producing GCC region being better known for retail luxury and all things affluent, T4tec – the UK-headquartered consumer technology company – believes there is untapped potential in the region for premium affordable home electronics and which is why the new kid on […]
Top quality offering and happiness quotient bind Andre Russell and T4tec together on the world stage
Cover Image: Andre Russell is the brand ambassador of T4tec as of November 2022. Credit: Arnold Pinto Andre Russell is defending Deccan Chronicles’ title at the ongoing Abu Dhabi T10 league. Newly announced T4tec global brand ambassador Andre Russell sees great synergy between his status as the renowned world-class cricketer he is, and the UK-based […]
Sudan is Set to Receive a $3 Billion Investment from Saudi Arabia to ensure stability in the country
Saudi Arabia has decided to put into practice the natural law of loving one’s neighbour as the country has agreed to issue a $3 billion humanitarian aid investment in its Gulf counterpart Sudan. The government has deemed it fit to assist Sudan as the latter navigates the current political turmoil within its territory. What has Spurred the […]
The United Arab Emirates has decided to levy companies in the private sector that have consistently refused to increase their Emiratization rates by 2%. The $1,633 fine implemented by the country is to maintain a form of equilibrium in the labour market while watching out for the interest of the companies in the private sector. […]
The Kingdom of Saudi Arabia has vowed to contribute $2.5 billion to the green initiative to be sponsored in the Middle East. This move aims to reduce carbon emissions, achieve significant sustainability, and climate change prevention milestones. All You Need to Know about the Sustainability Donation to the Initiative Saudi Arabia pledges to issue the sum of […]
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, namely Amazon and Microsoft. What are the Details of the Expansion? Alphabet is currently working to
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 […]
Weather
Dubai, AE
12:55 am,
February 22, 2025
23°C
clear sky
