Sunday 12 July 2020

10 Abu Dhabi startup teams complete training

The 10 winning teams that aim to improve mental wellbeing in Abu Dhabi with its services and products have graduated from Ma’an’s second cycle of the Social Incubator.   Mental wellbeing was a key focus identified by Ma’an before the current he


IsDB working on 57 projects worth $3.8bn in Egypt

The Islamic Development Bank (IsDB) Group is currently implementing 57 projects worth $3.8 billion in Egypt, said Dr Bandar Hajjar, IsDB President. He stressed the keenness of the IsDB to provide necessary support to the Egyptian economy in light of the coronavirus pandemic, repo


Covid-19 stalls progress on global goals, says UN body

The coronavirus crisis is pushing critical economic, social and environmental development targets beyond reach, UNCTAD warned as it launched the 2020 edition of its SDG Pulse. The organization's online annual update tracking progress on a range of indicators of the UN’s


Dubai announces new $408m economic stimulus package

Under the directives of Vice President and Prime Minister of the UAE and Ruler of Dubai HH Sheikh Mohammed bin Rashid Al Maktoum, Dubai has launched its third stimulus package to ease the impact of the Covid-19 crisis on businesses.   Worth AED1.5 billion ($408


Dubai SME posts growth, offers services to 3,871 entrepreneurs

Dubai SME, the agency of Dubai Economy, mandated to develop the small and medium enterprise, SME, sector and entrepreneurship continued to expand and diversify its advisory and support programmes in 2019 with an added emphasis on enhancing SME competitiveness and strengthening Dubai as a hub


Singapore tops 2020 shipping hub list, Dubai in 5th spot

Singapore has retained the top spot as international shipping centre for seventh consecutive year in the 2020 International Shipping Centre Development (ISCD) Index while Dubai, as the pre-eminent shipping hub in the Middle East, ranked fifth for the third consecutive year. 


Abu Dhabi’s manufacturing industries price index up 1.9pc in Q1

Abu Dhabi’s manufacturing industries producer price index (PPI) increased by 1.9 per cent from 76.3 per cent in the first quarter, to 77.7 per cent compared to the fourth quarter of 2019, according to figures released by Statistics Centre – Abu Dhabi (SCAD).  


Wartsila launches digital maintenance solution for 2-stroke engines, scrubbers

Global technology group Wärtsilä, said its unique digital predictive maintenance product, Expert Insight, has now been extended to support 2-stroke engines. It is available in combination with Wärtsilä’s Lifecycle Solutions offering.  


Hikma completes $500m Eurobond issue

Hikma Pharmaceuticals, the multinational pharmaceutical company rated BBB- / stable (S&P) and Ba1 / stable (Moody’s), announces that it has successfully completed a $500 million 5-year Eurobond, which will carry an annual coupon of 3.25%.   Khalid Nabi


9 to 5 day fading; flexi work hours may become norm

The 9 to 5 workday may be fading away as people are working flexible hours from home, says the Work Trend Index report from Microsoft.   The insights derived from Microsoft Teams reveal that people are working more frequently in the morning and evening hours, bu

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