QatarEnergy seals a $6bn deal with China for the construction of 18 mega LNG vessels, marking the industry’s largest single shipbuilding contract. QatarEnergy and China State Shipbuilding Corporation (CSSC) inked a $6 billion deal on Monday for the construction of 18 QC-Max liquified natural gas vessels, the largest of their kind. The signing took place…
RIYADH: Around 1,000 leaders from 92 countries will convene in Riyadh for the World Economic Forum’s Special Meeting on Global Collaboration, Growth and Energy for Development on Sunday and Monday.Building on the inaugural Growth Summit in Switzerland last year, the Riyadh meeting will, according to the WEF, “promote forward-thinking approaches to interconnected crises, while remaining…
• Dubai ranked 1st in MEASA region and among the world’s top 22 cities in terms of wealthiest population centres in 2023 with over 68,500 HNWIs.• His Excellency Addullah bin Touq Al Marri, Cabinet Member and UAE Minister of Economy, DIFC leadership and leading Family Businesses convene to mark DIFC Family Wealth Centre 1-year anniversary.•…
The Nanotechnology Association, supported by the Misk Foundation, is set to launch the Nanohub Program, aimed at inspiring and equipping the next generation for careers in the sector to help support a brighter future and a thriving economy. Nanohub, a nonprofit initiative, is structured in three phases to train Saudi graduates and entrepreneurs aged between…
Maktoum bin Mohammed: “The DIFC Courts’ innovative strategy is inspired by Mohammed bin Rashid’s vision to establish Dubai as one of the world’s leading financial hubs and set new global standards in judicial dispute resolution” 2023 achievements:• Main Court of First Instance (CFI) records 111 cases, representing a total case value of AED16.5 billion• Wills Service…
Commercial Bank of Dubai (CBD) on Wednesday reported a net profit after tax result of Dh701 million for the first quarter of 2024, up 21.9 per cent (on a pre-tax basis, the result is up 33.9 per cent) compared to the corresponding period in 2023. Strong growth in loans and current and savings accounts (CASA)…
Saudi Foreign Minister Prince Faisal bin Farhan received his Bahraini counterpart Abdullatif bin Rashid Al-Zayani in Riyadh on Tuesday. During the meeting, the close relations between their countries and ways to strengthen them in various fields were reviewed. The ministers also discussed the latest regional and international developments and efforts made with regard to them.
RIYADH: Growth in air traffic, heightened investment interest, and a comprehensive strategy are driving Saudi Arabia’s aviation sector expansion, according to a top official. Abdulaziz Al-Duailej, president of the Saudi General Authority of Civil Aviation, highlighted the sector’s pivotal role in economic growth and sustainable development during his speech at the Airlines Economic Growth Frontiers conference in Riyadh. …
His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai, met with leaders and representatives of global retail brands on the sidelines of the fourth edition of The Retail Summit (TRS), which commenced in Dubai today at Atlantis, The Palm. Held under the patronage of His Highness Sheikh Mohammed bin…
Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that the combined market value of the nine multinational companies (MNCs) it successfully attracted to Dubai last year exceeds AED 304 billion (US$ 82.84 billion). The impressive figure reflects the emirate’s growing appeal as a preferred…
