Author: Suhail Hasan

Malaysia is working hard to secure an FTA with the GCC as it searches for new opportunities to boost its economic connection with the area. Yesterday, in an interview with Bernama, Malaysia’s Minister of Investment, Trade, and Industry, Tengku Zafrul Abdul Aziz said that the country is currently negotiating to wrap up an FTA with the six GCC member states of the UAE, Saudi Arabia, Kuwait, Bahrain, Qatar, Oman. In an interview with the Malaysian news agency BERNAMA Abdul Aziz disclosed that a bi-lateral Free Trade Agreement with the UAE is almost ready and both countries are expected to sign…

His Highness Sheikh Mohamed bin Zayed Al Nahyan, has received an official invitation from His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, and Prime Minister of the Kingdom of Saudi Arabia to attend the Future Investment Initiative Forum 2024 being organized in Riyadh for the eighth time. The invitation was transferred officially to Sheikh Shakhboot bin Nahyan Al Nahyan Minister of State of the UAE by Saud bin Saad Al Otaibi, the Deputy Head of the Saudi Mission to the United Arab Emirates when the two met at the UAE Ministry of Foreign Affairs. The…

It has emerged that schools across the UAE are now registering their best GCSE results ever and thousands of students set a record new standards. On Thursday institutions across the country released phenomenal results with many of them recording a higher number of students scoring 9 or the equivalent of A*. In 2017, the grading system was changed to provide a wider margin between the high achievers by coming up with Grade 9 which is above the A* grade. Some of the students have lauded GCSE as a pass to A-levels or vocational courses which are requisite for admittance to…

As per the report available on ResearchAndMarkets. com, Qatar shall mark a compound annual growth rate (CAGR) among the highest in the GCC events and exhibition market. The country’s market is expected to grow strongly over the coming years as a result of improving domestic and international business and leisure travellers, large infrastructural developments plans and sound government backing for the country’s market. The report stresses on growth performance of Qatar, the country has shown a remarkable growth path and it will continue till 2029. This has been boosted by new infrastructural development; for instance, QNCC and DECC has boosted…

Kuwait’s Al-Zour Refinery, has reached its favorable position enjoying the status of eighth oil refinery out of the ten best oil refineries in the world. This ranking unveiled on the 18th of August, 2024, puts into relief the refinery’s production capacity of 615,000 bpd while the country’s share is 8. 54 percent to the total output of the world’s leading refineries, which in toto handle 7. Some 197 million barrels of crude oil per day. The refinery which started in 2022 ranks it among the youngest refineries globally, but it is the only refinery to make it from the Gulf…

Chinese companies maintaining that Dubai presents them with the most suitable opportunity for enhancing the globalization of operations, because of the competitive edge this place has and the right conditions for investment. CEOs of three major Chinese firms back Dubai for expansion across MEA and beyond as Dubai International Chamber continues its support. To enhance the economic cooperation and collaboration between Dubai and China, Dubai Chambers is planning to organise Dubai Business Forum- China on 21-22 August for the promotion of DIC’s diverse investment prospects. It will target multinationals, unicorns as well as the fast-growing startups from China and at…

Dubai Investment, one of the most prominent diversified investment companies with their counter on the Dubai Financial market, has declared a net profit after tax and with appropriate reference to the shareholders as AED 289. 24 million for the second quarter of the financial year ending on the 30/06/2024. This has risen by a decent proportion as compared to AED 266. 03 million profit in the same region in the same period of the last year. Annual/ estimated net profit of the Group for the six months to June 30,2024 is AED 409 . 20 million, decreased from AED 580.…

A crypto firm called Ripple has appointed the Dubai International Financial Centre (DIFC) for the improvement of the blockchain version in the UAE. Ripple, a global blockchain and crypto solutions provider company will partner with the DIFC Innovation Hub for its expansion in the Middle East, North Africa and South Asia region, which is one of Asia’s largest innovation hubs with over 1000 member companies, digital labs, VC firms, regulators and educational institutions. This will drive the growth of blockchain and digital assets thru the adoption of the upcoming generation of developers into the growth of the DIFC ecosystem. It…

Dubai to London is one of the most popular and greatly profiting flight connections that is used by a vast number of people every year. While the major carrier who operates on this route is Emirates, the round trip business class ticket is available from AED 20, 000, though the luxury traveling doesn’t have to be expensive always. Finding the Best Deals The normal business class Dubai to London airfares start from as low as $ 2,710 and can be as high as $ 5, 675 for round trip depending on the particular airline, dates of travel, the day of…

RTA, jointly with Majid Al Futtaim Group, has prepared AED 165 million contract to expand the approaches to MOTTY and enhance the streets and intersections around it. This initiative supports the directions of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE, and Ruler of Dubai aimed at the development of road networks for addressing the tasks set by the growth of urbanization and the population increase. It also brings in the good pleasure of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister…