Browsing: Business

Jordanian Finance Minister Mohammad Al-Ississ discussed ways to enhance bilateral cooperation in the areas of finance, tax and customs with Saudi Finance Minister Mohammad Al-Jadaan. In the course of the meeting which was held at the sidelines of the Joint Annual Meeting of Arab Financial Institutions in Jeddah, both sides stressed the close ties that bind Amman and Riyadh together. The meeting was attended by the Governor of the Central Bank of Jordan, Adel Sharkas, Secretary-General of the Ministry of Finance of Jordan, Abdul-Halim Shebli, and Director-General of the Department of Income and Sales Tax of Jordan, Hussam Abu Ali.…

A number of Yemeni governorates continue to receive hundreds of tonnes of Ramadan rations that have been provided by the Emirates Red Crescent (ERC). Approximately seven million people are benefitting from the Ramadan Ration and Iftar programmes in Shabwa, Hadramaut, Taiz, Hodeidah, and Socotra. The initiative is pursuant to the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, as well as the follow up from H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler’s Representative in Al Dhafra Region and Chairman of the ERC, to…

As part of the Annual General Assembly Meeting, ADNOC Distribution shareholders approved a consistent and fully maintained second and final dividend payment of AED1.285 billion (10.285 fils per share) for the year ended 31 December 2021. This dividend payment comes on top of an interim AED1.285 billion (10.285 fils per share) dividend payment for the first half of 2021, which was paid in October 2021, resulting in a full-year dividend of AED2.57 billion (20.57 fils per share). ADNOC Distribution’s dividend policy is not only consistent with this decision, but it also demonstrates the company’s ability to provide and maintain strong…

According to the latest data released by the National Centre for Statistics and Information (NCSI), the Sultanate of Oman’s Gross Domestic Product (GDP) at the end of December 2021 increased by 16.1% to RO 33.016 billion, compared to RO 28.442 billion at the end of December 2020. The rise in value-added of oil activities at the end of December 2021 was attributed to a 38.5% increase, to RO 10.547 billion, compared to RO 7.617 billion at the end of December 2020. At the end of December 2021, crude oil accounted for the largest share of revenue, with RO 8.998 billion,…

Firmenich, the world’s largest privately owned perfume and taste company, inaugurated its new regional hub today at Dubai Science Park. The inauguration was attended by H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority, and Chairman of Dubai Holding, and Federal Councillor Ueli Maurer, Minister of Finance of Switzerland. Speaking at the inauguration, Sheikh Ahmed stated, “Guided by the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, the emirate has created a highly growth friendly environment that has attracted leading global, regional and local companies as…

The annual Defence Exhibition and Conference (DIMDEX), the maritime defence exhibition held in Qatar, brings together military and defence companies from around the world. The regional navies send their ships and buyers to pick up the latest technologies that will boost their navy’s effectiveness from an international selection of top defence manufacturers attending the event. In addition to divesting the latest ideas and maritime themes, DIMDEX 2022 provides an opportunity for naval commanders to network and discuss the latest maritime developments. This year’s DIMDex is focused on building partnerships and enhancing international ties. A significant shift towards highly advanced machinery…

Abu Dhabi National Oil Company (ADNOC) announced it has awarded framework agreements valued at $658 million (AED2.4 billion) for cementing services as part of its effort to expand its drilling capacity and enable drilling growth. Following a competitive tender process, framework agreements were awarded to Haliburton Worldwide Limited Abu Dhabi (Halliburton), Baker Middle East (Baker), Emirates Western Oil Well Drilling & Maintenance Co. (Emirates Western), NESR Energy Services (NESR) and Emjel Oil Field Services (Emjel). ADNOC’s onshore and offshore fields will be covered by these contracts, which will run for a period of five years and be renewable. As part…

William Hurt, who rose to fame in the 1980s with a number of hits such as Kiss of the Spider Woman and The Big Chill and Body Heat, died Sunday from natural causes at his home in Portland Oregon. The news of 71-year-old Hurt’s death was confirmed to the media by his son. His son Will said in a statement, “It is with great sadness that the Hurt family mourns the passing of William Hurt, beloved father and Oscar winning actor, on March 13, 2022, one week before his 72nd birthday. He died peacefully, among family, of natural causes.” With…

The Minister of Climate Change and the Environment, Mariam Bint Mohammed Almheiri, visited the Vietnam Pavilion at Expo 2020 Dubai. Almheiri learned about the country’s approach to leverage its large population in achieving sustainable socioeconomic development, as it’s the third most populous geographical region in Southeast Asia and the fifteenth globally. During the presentation, she heard an overview of the country’s digital transformation efforts, which began two years ago. Vietnamese government’s digital transformation has advanced much in recent years. According to the United Nations’ e-government development index for 2020, Vietnam ranked 86 out of 193 countries, and is currently aiming…

On the first day of the World Defense Show that was held in Riyadh, Kingdom of Saudi Arabia, EDGE Group company AL JASOOR, the UAE’s armored vehicle specialist, unveiled the new Rabdan ambulance, a variant of the 8×8 infantry fighting vehicle (IFV) Rabdan. Military medics on ambulatory missions in high-risk environments will be provided with off-road mobility and mine-resistant, ambush-protected (MRAP)-level protection in the new configuration. “The Rabdan ambulance vehicle combines best-in-class off-road capability with life-saving crew protection technology for urgent medical care in terrains too harsh for regular ambulances. Additionally, its innovative design protects passengers on operations in high-risk…