Aug 20 Emerging companies target the UAE market to develop actual use models of metaverse technologies, which provide different life experiences that are identical to reality in all government and private sectors, to take advantage of the Dubai Metaverse strategy and the technical and legislative environment that attracts these companies. …
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Gujurat (India) on August 19 His Excellency Mohammed bin Hadi Al Husseini, Minister of State for Financial Affairs, participated in the joint meeting of the Finance and Health Ministers of the Group of Twenty (G20), which was held in the state of Gujurat in the Republic of India, to discuss …
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Oil prices rose by about 1% on Friday, amid signs of slowing production in the United States, but the two benchmarks ended their longest streak of weekly gains in 2023 due to growing concerns about global demand growth. Brent crude futures rose 68 cents, or 0.8%, to $84.80 a barrel …
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Aug 19 An informed source revealed that the Russian company “Rusal”, the largest producer of aluminum in the world, intends to issue bonds denominated in Emirati dirhams on the Moscow Stock Exchange, according to the “RT” network. The Russian company hopes to collect orders with a value of at least …
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August 17th Only ten years, during which the United Arab Emirates succeeded in transforming its economy, towards a multiple and diversified economy, away from oil and natural gas sources, and based on promising and new sectors, as the latest data of the “Federal Center for Competitiveness and Statistics” confirm the …
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Dubai on August 17th DP World Group “DB World Limited” announced today; For flexible financial results for the first six months of the current year until June 30, 2023; Revenues grew by 13.9% to reach $9,037 million, and adjusted EBITDA grew by 7.0% to reach $2,611 million (about 9.5 billion …
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Ras al-Khaimah on August 16 Ras Al Khaimah Economic Zones “RAKEZ” is witnessing great interest from Chinese companies looking to explore investment opportunities in the UAE. After the end of its successful commercial tour in major Chinese cities earlier this year, RAKEZ hosted many delegations from Chinese companies operating in …
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Aug 16th The first half of this year witnessed the highest ever demand for industrial and logistical spaces in Dubai, since 2020, driven by companies moving their operations to Dubai, and the tendency of many companies to strengthen their presence in the region by establishing regional centers in the emirate, …
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Aug 16th Dubai-based startup NWTN has announced an investment of $500 million in the electric car unit of the Chinese Evergrande Real Estate Development Group, Evergrande New Energy Vehicle, in return for obtaining shares and a majority in the board of directors of the Chinese company. . In turn, Evergrande …
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Aug 15th Efforts are accelerating to double the size of the manufacturing sector in Abu Dhabi to 172 billion dirhams and to contribute to increasing non-oil exports to 178.8 billion dirhams by 2031. The increase in the total operating factories to 966 confirms the ease of doing business in Abu …
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