Browsing Category
Business
Mubadala acquires US-based Dental Care Alliance
Mubadala Investment Company (Mubadala) announced its investment in Dental Care Alliance (DCA), the leading US-based dental services organization with approximately 390 affiliated practices, along with a private equity fund managed by…
Read More...
Read More...
Property deals worth $2.2 billion in Dubai this week
Property transactions in Dubai exceeded $2.2 billion (AED8.1 billion) this week, according to Land Department data. A total of 2,574 real estate transactions were recorded during the week ending January 13. 221 plots were sold for $321.2m…
Read More...
Read More...
DWTC will begin 2023 with an action-packed Q1 schedule
The Dubai World Trade Centre (DWTC) launched the first quarter with an impressive conference and exhibition lineup. In the first nine months of 2022, Dubai returned to pre-pandemic economic form with year-on-year GDP growth of 4.6 percent.…
Read More...
Read More...
DP World and Maersk ink a long-term partnership at Jebel Ali
DP World has partnered with A.P. Moller-Maersk (Maersk) to improve operational efficiencies, enhance customer service and reduce carbon emissions. Maersk will benefit from the long-term strategic partnership and will implement enhanced…
Read More...
Read More...
Large round of layoffs is underway at Goldman Sachs
This week, Goldman Sachs will embark on one of its largest rounds of layoffs since the financial crisis. As part of a restructuring plan, the bank started layoffs on Tuesday that will result in the loss of up to 3,200 jobs. This is…
Read More...
Read More...
Masdar signs 1GW clean energy deal in Kyrgyzstan
Masdar has signed an agreement with the Kyrgyz Ministry of Energy to develop a pipeline of renewable energy projects in the country. The projects, with a total capacity of up to 1 gigawatt (GW), begin with a 200 megawatt (MW) solar…
Read More...
Read More...
$3.3 billion in engineering exports from Egypt in 11 months of 2022
The Engineering Export Council (EEC) of Egypt announced that the sector's exports were up by 10% to $3.32 billion from January through November of 2022, compared with $3 billion in the same period last year. As reported in the EEC's monthly…
Read More...
Read More...
Exports of Indian gems and jewellery increased by 8.26 percent
The UAE-India Comprehensive Economic Partnership Agreement (CEPA) contributed to an increase in Indian gem and jewellery exports of 8.26 percent in the current financial year, according to Vipul Shah, Chairman of the Gem and Jewellery…
Read More...
Read More...
ADNOC pledges $15 billion for clean energy, new energies and decarbonization
ADNOC, a reliable and responsible provider of energy with low carbon intensity, announced today a bold new strategy to decarbonize its operations globally. In November 2022, ADNOC's Board of Directors approved its Net Zero by 2050 ambition…
Read More...
Read More...
Dnata cargo warehouse in Erbil, Iraq will cost $14 million
Dnata, a global air and travel services provider, has broken ground on its new 20,000 m2 cargo warehouse, which will expand its operations at Erbil International Airport (EBL). Up to 50 additional jobs will be created by the facility, which…
Read More...
Read More...