DUBAI. The Dubai Export Development Corp. (DEDC) will implement a credit insurance scheme for exporters in the next few months as part of its efforts to deliver value-added trade support services for Dubai exporters, the chairman of the corporation, Khalid Al Kassim, said. Addressing an export development corporation seminar, From [...]
AB U DHAB I. The Abu Dhabi National Energy Co. (Taqa), a publicly listed company on the Abu Dhabi Securities Market, has become the first GCC company to be invited to join the 3C (Combat Climate Change) Initiative. It is a global opinion group of prominent business leaders demanding integration of climate [...]
DUBAI. Interest among corporate executives for investments in the Middle East is at an all-time high, according to strategic management consulting firm A. T. Kearney’s Foreign Direct Investment Confidence Index. The survey reveals that Middle East investment destinations attained the highest-ever rankings in the ten-year history of the Index, with two [...]
DUBAI. The Dubai Financial Services Authority (DFSA) has received a positive assessment from an expert team from the International Monetary Fund and the World Bank under their Financial Sector Assessment Program. The program assessed the DFSA’s observance of the objectives and principles of securities regulation developed by the International Organization of [...]
DUBAI. The region’s first energy f u t u r e s a n d c ommo d i t i e s exchange, the Dubai Mercantile Exchange (DME), says it has witnessed continued steady growth during the first six months of operations with its benchmark, Oman Crude Oil Futures Contract, trading [...]
DOHA.Diar Real Estate Investment Co. of Qatar has announced reaching an agreement with Bahrain’s Arcapita Bank to establish a joint venture company – Diar Infrastructure Services Co. (“Diar Infra”) – that will specialize in the provision and operation of utilities and infrastructure services. Diar Infra will be established as a [...]
JEDDAH The General Authority of Civil Aviation of Saudi Arabia is to introduce VHF air-to-ground data communication services over the country’s entire airspace in partnership with Sita, the IT business and communications services provider. The move is in response to International Civil Aviation Organization (ICAO) recommendations to enhance the country’s [...]
It is situated in the lower income Arab town of Umm al-Fahm (Mother of Coal) in northern Israel. Umm al-Fahm is often known for the devoutness of its residents, and in political terms it is the bastion of the Islamic Movement, whose radical wing seeks Israel’s replacement by an Islamic [...]
The Lebanese economy is in trouble.In two years a succession of disruptions – strikes, various forms of political protest including sit-ins and, most seriously, war with neighboring Israel – have slowed the economy to a crawl. The economy is additionally burdened by a $40.5 billion public debt that is almost 180 [...]
Dubai stuns world with historic deal,” ran the headlines on the morning of September 20 as the news broke of an end to the 40-day takeover battle between Borse Dubai and NASDAQ for Nordic exchange operator OMX, which operates seven stock markets clustered around the Baltic Sea.
What had been a [...]
