UAE

NEWS DESK GCC UAE

UAE Astronaut Sultan AlNeyadi To Spend Six Months On The ISS: What You Need To Know

News Editor 12/03/2023

Sultan AlNeyadi, an astronaut from the UAE, will be the first Arab to go on a long-term space mission. He will spend six months with other crew members on the International Space Station, a laboratory in orbit 400 kilometres above Earth. As the new target date for SpaceX Crew-6 Dragon

NEWS DESK GCC Saudi Arabia

Biban, The Largest Entrepreneurship Conference In Saudi Arabia, Will Offer $2.7 Million In Prizes At Biban 2023

News Editor 11/03/2023

More than $2.7 million will be awarded in a dozen new competitions and “hackathons” at Biban 2023. Biban is Saudi Arabia’s largest entrepreneurship forum, created to inspire businesses to showcase their entrepreneurial ventures. The Biban 2023 event will be held at the Riyadh Front Exhibition & Convention Center from March 9 to March 13. It intends to

NEWS DESK GCC UAE

McLaren Artura captivates UAE car enthusiasts

News Desk 10/03/2023

The McLaren Artura has passed a big test with flying colours at Dubai Autodrome, with customers hailing the petrol-electric hybrid as a supercar made to measure for the UAE, ahead of first deliveries later this month. McLaren Dubai say its first clients to test drive the Artura believe it ticks more boxes than any of […]

NEWS DESK GCC Saudi Arabia

Humanitarian Forum In Riyadh Promotes Innovation, AI Usage In Disaster Response

News Editor 09/03/2023

At the heart of the Riyadh International Humanitarian Forum was the need to reduce funding gaps in humanitarian aid and use science and innovation for quicker response and coordination. This third forum was put together by the United Nations and its humanitarian groups with help from the King Salman Center for Relief and Humanitarian Aid. The event took […]

Tech

JUMEIRAH GROUP PIONEERS INDUSTRY-FIRST MOBILE CHECK-IN SOLUTION

News Desk 09/03/2023

Dubai, UAE, 09 March 2023: Jumeirah Group, the global luxury hospitality company and member of Dubai Holding, in partnership with Dubai Department of Economy and Tourism (DET), introduces Jumeirah Mobile Check-In, an industry-first biometric and digital technology solution. The avantgarde solution empowers guests to complete all check-in formalities prior to arrival

Business

Best’s Market Segment Outlook: AM Best Maintains Stable Outlook on Gulf Cooperation Council Insurance Markets

Middle East News 247 09/03/2023

LONDON — AM Best is maintaining its stable market segment outlook for the insurance markets of the Gulf Cooperation Council (GCC) – comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. The maintenance of the stable outlook reflects the GCC insurance market’s solid footing entering 2023; however, the weight of headwinds facing […]

NEWS DESK GCC UAE

UAE & Ukraine review progress of CEPA negotiations

News Desk 09/03/2023

H.E. Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, held a meeting with Yulia Svyrydenko, First Deputy Prime Minister and Minister of Economic Development, Trade and Agriculture of Ukraine; and Taras Kachka, Ukraine’s Deputy Minister of Economic Development, to discuss the latest developments with regard to the establishment of a Comprehensive […]

Business GCC UAE

Best’s Market Segment Report: Intense Price Competition Erodes Profitability of United Arab Emirates-listed Insurers in 2022

Middle East News 247 09/03/2023

LONDON — The insurance market in the United Arab Emirates reported a marked deterioration in underwriting profitability in 2022. In AM Best’s opinion, this largely reflects the highly competitive market conditions and continuous pricing pressures, particularly in the core motor and medical lines, which account for a large proportion of retained risk in the market. A

NEWS DESK GCC Saudi Arabia

Najran, Saudi Arabia, Restores And Preserves Old Mud Homes And Palaces

News Editor 08/03/2023

In an endeavour to safeguard its cultural heritage, the city of Najran is currently working to restore the mud dwellings, castles, and palaces in 33 of its old villages in the hopes of turning them into a future rural tourism attraction. Locals and owners of historic homes have taken the lead on restoration efforts as a patriotic […]

Business

ABCC promotes delegation of Brazilian startup executives

News Desk 06/03/2023

UAE, March 06, 2023- The Arab Brazilian Chamber of Commerce promoted a delegation of executives from seven Brazilian startups in the UAE recently. The delegation’s visit aimed at exploring various avenues to deploy their solutions in the Arab market. During the visit, the executives took part in a number of training sessions and visits to […]

Business GCC UAE

Sunreef Yachts chooses UAE for Global Expansion Plans

News Desk 06/03/2023

Ras Al Khaimah, United Arab Emirates: Sunreef Yachts Middle East has entered into cooperation with RAK Maritime City for the development of a new facility in Ras Al Khaimah. The signature ceremony was in the presence of Sheikhs, dignitaries and industry professionals. This initiative is an exciting opportunity for both parties to leverage their respective strengths

NEWS DESK GCC Saudi Arabia

Crown Prince Of Saudi Arabia Launches New Murabba Development Company To Transform Downtown Riyadh

News Editor 04/03/2023

The Crown Prince Mohammed bin Salman of the Kingdom has announced the establishment of the New Murabba Development Co., which will build a new residential, commercial, and entertainment district in the centre of Riyadh. The New Murabba project’s design focuses on sustainability, with green spaces and paths for walking and biking that will improve

NEWS DESK GCC UAE

Dubai Aims To Become An Industrial Hub In Accordance With The Dubai Industrial Strategy 2030 Vision

News Editor 03/03/2023

Dubai is increasing its efforts to become a global manufacturing and industrial hub and attract major investments in key industries such asutilize technologies aerospace, pharmaceuticals, and medical equipment. These efforts are in line with the Dubai Industrial Strategy 2030, which projects a $5 billion increase in the industrial sector by 2030.  Dubai’s industrial

NEWS DESK GCC Saudi Arabia

Celebrating Saudi Arabia’s Achievements At The Esameyoon 2023

News Editor 02/03/2023

Esameyoon recognizes Saudi entrepreneurs who have achieved success in the business world. Mohammed Ibrahim Al-Subaie and Sons Investment Co. (MASIC) started the event in 2019. This year’s event brought together leaders from both the public and private sectors.  Participants included Saudi Industrial Development Fund CEO Prince Sultan bin Khalid bin

NEWS DESK

Economic Integration Committee meeting discusses draft law

News Desk 01/03/2023

Abu Dhabi, 1 March 2023: The Economic Integration Committee held its second meeting for the year 2023, chaired by H.E. Abdullah bin Touq Al Marri, Minister of Economy. The meeting was attended by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, and representatives of local economic development departments from all emirates […]

Business

‘NAQD Community Bank’ receives preliminary approval for launch

News Desk 01/03/2023

UAE, March 01, 2023 Royal Strategic Partners (RSP), an establishment attracting organizations from across the world to invest in the UAE, received the preliminary approval for ‘Specialised Banking License’ from the Central Bank of the UAE to launch its NAQD Community Bank (Naqd). The Naqd, founded by RSP, is poised to offer ground-breaking digital banking […]

NEWS DESK GCC UAE

Brazil promoted halal networking in UAE

News Desk 01/03/2023

March 01, 2023– The Arab Brazilian Chamber of Commerce (ABCC) and the Brazilian Trade and Investment Promotion Agency (ApexBrasil) co-organised a networking event to promote Brazilian halal products in the United Arab Emirates (UAE) as part of the “Halal do Brasil” project. The event, which aimed to increase Brazilian companies’ participation in the

NEWS DESK GCC UAE

Bank of Sharjah Receives J.P. Morgan Quality Recognition Award

News Desk 28/02/2023

28 February 2023, Sharjah: Bank of Sharjah PJSC (Abu Dhabi SE: BOS) (the “Bank” or the “Group”), one of the leading commercial banks in the UAE, was awarded the J.P. Morgan Chase Bank US Dollar Clearing Elite Quality Recognition for best-in-class straight-through processing (STP) rates for the full year of 2022. The award recognises Bank […]

Hospitality GCC UAE

F&B firm Beluga Hospitality launches in UAE

News Desk 28/02/2023

DUBAI, UAE, FEBRUARY 28, 2023 – Speciality food and beverage solutions firm, Beluga Hospitality has announced its launch in the UAE today. Established by Brian Voelzing, a seasoned chef and reputable F&B professional, Beluga Hospitality will work alongside soon-to-be and existing restauranteurs to enhance their offering and support them along the pre-opening and

Business

The 2023 World Police Summit: World’s Leading Police Forum to Open Doors on 7th March 2023

Middle East News 247 27/02/2023

DUBAI, United Arab of Emirates — Under the patronage of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, the Dubai Police will host the second edition of the World Police Summit, the world’s most influential gathering of law enforcement officials, security experts, and […]