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IsDB provided $165.6b to finance projects in key economic sectors

  Jeddah / WAM Dr Muhammad Sulaiman Al Jasser, Chairman of the Islamic Development Bank (IsDB) group, has said that his group has provided $165.630.5 billion to finance development projects in various economic sectors, since its launch and up to June 30. In an interview with the Emirates News Agency (WAM), Dr Al Jasser said that food security is a ...

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DP World to help firms boost operating models

  Dubai / WAM DP World has launched the Global Business Corporation (GBC), a new strategic arm focused on supporting large companies in achieving their growth ambitions. The initiative, which is set to further raise Dubai’s profile as a preferred global business destination, invites companies to enhance their international operating models with a base in the emirate. Driven by the ...

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GIH to list three firms in ADX

  ABU DHABI / WAM Abdulaziz Asaad Abdel Aziz Al Sanad, Chairman of the Gulf Investment House (GIH), said that the GIH, which is based in Kuwait, aims to list three affiliate companies in the Abu Dhabi Securities Exchange (ADX), as well as another company in the Saudi Stock Exchange (Tadawul). In a statement to the Emirates News Agency (WAM), ...

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DP World to support growth ambitions of large companies

  Dubai / WAM DP World has launched the Global Business Corporation (GBC), a new strategic arm focused on supporting large companies in achieving their growth ambitions. The initiative, which is set to further raise Dubai’s profile as a preferred global business destination, invites companies to enhance their international operating models with a base in the emirate. Driven by the ...

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UAE ministry launches Customer First Forum

Dubai / WAM The Ministry of Human Resources and Emiratisation (MoHRE) has announced the launch of the Customer First Forum, which comprises virtual sessions scheduled on a weekly basis to respond to queries of the employers and employees in the private sector and UAE nationals seeking employment. The Customer First Forum aims to listen to the feedback of all parties ...

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DMCC named Global Free Zone of the Year once again

  Dubai / WAM DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has been named Global Free Zone of the Year 2022 by the Financial Times’ fDi Magazine for the eighth consecutive year. The award, among the most prestigious of accolades a free zone can earn, is decided by the ...

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Abu Dhabi upgrades parking payments to 5G smart system

  ABU DHABI / WAM In a move that improves the quality of services provided to customers and enhances the efficiency of the public parking system, the Integrated Transport Centre (ITC) of the Department of Municipalities and Transport (DMT) in Abu Dhabi, has announced the commencement of upgrading of all parking payment machines to a 5G smart system. The system ...

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Is it too late for Truss to repair the damage?

First impressions count, especially when it comes to economic policy. UK Prime Minister Liz Truss and Finance Minister Kwasi Kwarteng last week announced a fresh start for the country with a big shift in fiscal policy — and hit the ground face first. Their plan has crashed the pound, wrecked the government bond market, and destroyed the Bank of England’s ...

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