MUSCAT, Saeed bin Hamoud Al Maawali, Omani Minister of Transport, Communications and Information Technology, stressed that the digital economy of the Gulf Cooperation Council (GCC) region is advancing at a rapid and significant pace, noting its major …
Category: Sales
25,000 Emirati women entrepreneurs own 50,000 trade licences valued at AED 60 billion in 2021
SHARJAH, A recent survey conducted by NAMA Women Advancement, in partnership with UN Women, found that 77.6 percent of women-owned businesses (WOB) in the UAE are led by those under the age of 40.Of the 1,000 female business owners who took part in the…
RTA approves Strategic Plan 2023-2030 aligned with Dubai Urban Plan 2040
DUBAI, The Supreme Committee for Strategic Planning and Corporate Transformation at Dubai’s Roads and Transport Authority (RTA) chaired by Mattar Al Tayer, Director-General, Chairman of the Board of Executive Directors of RTA, approved RTA’s Strategic …
Abu Dhabi Department of Energy launches consumer protection policy
ABU DHABI, Abu Dhabi Department of Energy (DoE) has launched a consumer protection policy to protect the interests of energy and water consumers in the emirate. The policy outlines a regulatory framework and assigns roles and responsibilities to compan…
DP World, Hassana Investment Company announce US$2.4 billion investment in DP World’s UAE assets
DUBAI, DP World and the Saudi Arabia-based Hassana Investment Company (Hassana), the investment manager for the General Organisation for Social Insurance (GOSI), which owns one of the world’s largest pension funds, announced today an investment of appr…
AmCham Abu Dhabi’s Annual Roundtable Summit to discuss business opportunities and challenges
ABU DHABI, Over 200 key American industry and government leaders from across Abu Dhabi’s and UAE’s commercial spectrum come together for AmCham Abu Dhabi’s Annual Roundtable Summit on 12th January 2023 to discuss business opportunities and challenges, …
ADNOC acquires 24.9% stake in OMV
ABU DHABI, Abu Dhabi National Oil Company (ADNOC) and Mubadala Investment Company (Mubadala) today announced a transaction involving OMV AG (OMV), a global energy and chemicals group, headquartered and listed in Vienna, Austria. Under the agreement, AD…
Payment of vacation contributions raises the pension rate or end-of-service benefit, confirms the GPSSA
ABU DHABI, As part of its campaign to raise awareness on the rights and duties of the insured in the private sector, launched in conjunction with the NAFIS program announced by the UAE government to support Emiratis employed in the private sector, the …
National banks’ financing of trade, industry sectors totalled AED37.2 billion in 9 months : CBUAE
ABU DHABI, Credit financing provided by national banks to the trade and industry sectors totalled AED37.2 billion in the first nine months of 2022, according to recent data issued by the Central Bank of the UAE (CBUAE).The statistics showed that the cu…
FAB launches its first sustainability-linked current account with Landmark Retail
ABU DHABI, First Abu Dhabi Bank (FAB), the UAE’s largest bank and one of the world’s largest and safest financial institutions, has launched a new sustainability-linked current account for corporate clients, extending its leadership as an environmental…
InfraX partners with UnaBiz to enhance disruption in IoT Space
DUBAI, InfraX, a subsidiary of Digital DEWA, has signed a Memorandum of Understanding (MoU) with UnaBiz, Massive IoT service provider and the new owner of Sigfox 0G technology.Rashid Al Ahmedi, COO of InfraX, and Phillippe Chiu, Co-Founder and Co-CEO o…
ATRC’s Technology Innovation Institute, Caltech announce strategic partnership
ABU DHABI, Technology Innovation Institute (TII), the applied research pillar of Abu Dhabi’s Advanced Technology Research Council (ATRC), and California Institute of Technology (Caltech) today announced a global strategic partnership to collaborate on …