UAE and US Mars missions to team up on science data analysis
The Emirates Mars Mission, the first interplanetary exploration undertaken by an Arab nation, has finalised a science data analysis collaboration initiative with NASA’s Maven Mars Mission. This will pave the way towards greater scientific collaboration and data exchange between the two missions. The partnership enables the sharing and collaborative analysis of data and observations made […]
Abu Dhabi’s ADQ buys stakes worth $1.85bln in Egyptian firms
Abu Dhabi’s state holding company ADQ has bought shares worth $1.85 billion in five publicly traded Egyptian companies, two sources familiar with the transactions said on Tuesday, helping Egypt after the Ukraine crisis prompted foreign investors to flee. The stock exchange said purchases for five companies were executed on Tuesday but did not say who […]
66% of UAE visited a hotel or restaurant for luxury high tea in 2021, says Dilmah
Tea is enjoying fresh appreciation amongst youth as a trend accelerates towards healthier, lower caffeine, antioxidant rich and natural beverages, says Dilmah. Dilmah started distributing tea to the UAE in the early 1990s and currently serves around 107 markets globally. The brand caters to 30 airlines and almost 3,000 hotels. The company has just celebrated […]
Ramadan 2022: MAG Group donates AED1 million to 1 Billion Meals drive
In support of the initiative to distribute 1 Billion Meals, the MAG Group has announced a donation of Dh1 million. The donation made will fund the basic components required to prepare nutritious meals for the impoverished in the lower-income communities targeted by the initiative. The 1 Billion Meals initiative reflects the principle of giving inherent […]
RAKBank shareholders approve cash dividend of 22.5% at AGM
RAKBank successfully concluded its annual general meeting (AGM) today through both electronic and in-person participation, where the shareholders approved the cash dividend of 22.5 per cent (22.5 fils per share) of the bank’s paid-up capital amounting Dh377.1 million, for the financial year ended December 31, 21. The dividend distribution will result in approximately 49.7 per […]
Sharjah’s SCCI records jump in new memberships in Q1 2022
The Sharjah Chamber of Commerce and Industry (SCCI) experienced a surge in the number of transactions and memberships during the first quarter of 2022, with estimated 1996 new companies joining and 15,572 memberships renewed, the highest since 2018. During this time, the SCCI’s total number of registered members reached 17,568, an increase of 8 per […]
Dubai Air Navigation Services, Serco Middle East renew agreement for two years
Dubai Air Navigation Services (dans), the leading organisation responsible for Air Traffic Management at airports in Dubai and the Northern Emirates, has renewed a cooperation agreement with international public services company, Serco for another two years, ending in January 2024. The deal was inked by Sheikh Ahmed bin Saeed Al Maktoum, president of Dubai Civil […]
Dubai Next attracts 398 contributors, approves 62 campaigns in less than a year
Dubai Next, the digital crowdfunding platform that has attracted many young innovators and start-up ideas, is anticipating an increase in fund-seekers and contributors following the country approving a federal system for such platforms recently. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, announced the new federal framework […]
S.Korea, UAE agree to extend currency swap agreement for five years
South Korea’s central bank said on Wednesday it has agreed with the Central Bank of the United Arab Emirates (CBUAE) to extend a currency swap agreement for five years. The renewed 20 billion UAE dirham ($5.5 billion) currency swap deal between the Bank of Korea and CBUAE, first signed in 2013, is effective from April […]
PROJECTS: Greenko and John Cockerill partner to develop green hydrogen electrolysers in India
India-based Greenko ZeroC, a subsidiary of Greenko Group and Belgium-based John Cockerill, a designer and manufacturer of high-capacity alkaline electrolysers, have signed a framework agreement to jointly develop the market for green hydrogen electrolysers in the the Indian sub-continent. John Cockerill said in a press statement that the partnership will set up a gigawatt- scale […]