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2 GW renewable energy agreement between Masdar and TANESCO
A joint development agreement between Masdar and Tanzania Electric Supply Company Ltd. (TANESCO) has been signed regarding the development of renewable energy projects up to 2 gigawatts (GW). The signing was attended by Hon. January…
Abu Dhabi International Boat Show launches early bird ticket sales
Early bird ticket sales for the Abu Dhabi International Boat Show (ADIBS), the UAE capital's prestigious boating, marine, and fishing show, have begun. From 24 to 27 November 2022, the Abu Dhabi National Exhibitions Company (ADNEC) will…
FDIs in UAE grew by 116 percent over the last decade
The UAE has witnessed significant growth in Foreign Direct Investment (FDI) in the recent years, despite the COVID-19 pandemic. The Ministry of Economy reported that during the past decade, FDIs increased by 116 percent, amounting to…
Global media and entertainment industry to reach $2.4 trillion by 2023
A growing dependence on innovation and artificial intelligence (AI) is evident in the global media and entertainment services sector. PricewaterhouseCoopers (PwC) estimates the sector will reach US$2.4 trillion next year, with a compound…
UAE plays a crucial role in securing global energy supplies – OPEC
As one of the world's largest oil producers, and considering future directions to increase energy productivity, Haitham Al Ghais, Secretary-General of the Organisation of the Petroleum Exporting Countries (OPEC), affirmed that the UAE plays…
India to build 220 airports, heliports, and water aerodromes in five years
Under Prime Minister Narendra Modi, India has planned to build and operationalize 220 airports, heliports, and water aerodromes over the next five years. In a written reply to a question in the Rajya Sabha, Union Minister for Civil Aviation…
Suez Canal revenue hits highest record at $704 million in July 2022
The revenue from the Suez Canal for Egypt in July amounted to $704 million, according to the chairman of the Suez Canal Authority, Osama Rabea, on Tuesday. According to Rabea, the Canal has reached its highest transit rate of 2,103 vessels…
Safadi and Guterres discuss partnership and common challenges
Ayman Safadi, Jordan's foreign minister, and UN Secretary-General Antonio Guterres affirmed Jordan's partnership with the UN and their cooperation in tackling challenges. In their meeting, Safadi and Guterres discussed ways to maintain…
Bank ABC named Best Bank in the Middle East for Innovation in Digital Banking
MENA Newswire: Bank ABC, MENA’s leading international bank, has emerged as the Middle East Winner at ‘The Banker’s Innovation in Digital Banking Awards 2022’ by the Financial Times. The award underscores the success of the Bank’s multi-year…
UAE and Kenya to negotiate Comprehensive Economic Partnership Agreement
A Joint Statement was signed in Nairobi by Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, and Betty Maina, Cabinet Secretary, Ministry of Industrialization, Trade and Enterprise Development of Kenya, announcing the…