Friday 29 March 2024
 
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Boeing, Injaz Al-Arab help establish 60 startups

Boeing and Injaz Al-Arab, a non-profit organisation, have revealed that their Start Up programme has supported the establishment of 60 businesses by Arab youth across the Middle East, including 23 in 2016 alone. Nearly 700 student

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AESG establishes new environmental division

AESG, a UAE-based consultancy firm specialised in solving complex challenges in sustainable urban development, has establised a dedicated 'AESG Environmental' division, following its success in environmental consultancy and the growing

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Suez Canal Authority gains powers to set up joint-stock firms

The Egyptian government approved legislative amendments on Thursday that would grant the Suez Canal Authority the right to establish joint-stock companies, the cabinet said in a statement. Egypt plans to build a new Suez Canal alo

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New Asia-Bahrain flight links to be established

Direct flights from Bahrain to five new destinations in Southern and Eastern Asia could soon be established, it has been revealed. Bahrain Airport Company chief executive Mohamed Yousif Al Binfalah told the Gulf Daily News (GD

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Itqan, Mubasher to set up sharia-compliant brokerage firm


Itqan Capital, a Saudi Arabia-based investment company licensed by the Capital Market Authority (CMA) and a member of Al Baraka Banking Group, and Mubasher Financial Services, a leading financial institution in the Middle East, have signed a dea

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UAE to set up series of 100MW solar power stations

UAE’s Federal Electricity and Water Authority (FEWA) is set to create a series of solar power stations with a capacity of 100 megawatts (MW) at a cost of Dh500 million ($136 million), according to a report. The new project w

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Bahrain to ease foreign investment curbs

Restrictions on establishing companies in Bahrain will be waived as the government seeks more foreign investment.   The Shura Council has voted in favour of amendments to the companies' law which was proposed

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First Arab IT firm to be established

Leading Gulf investors have joined hands to set up Trust 300, the first global Arab IT company which will have a major presence in the UAE, Morocco, Egypt, Jordan, India, UK, US, and Philippines. The company established by “By La

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DDE sets up ME’s first diamond boiling unit

Dubai Diamond Exchange (DDE) said that the first diamond boiling facility in the Middle East has been set up at the Almas Tower in Dubai in a move to address the growing needs of its member base. Boiling is a process used to remove dirt an

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First sea mining firm comes up in TechnoPark

TechnoPark, the science and technology facilitator of Economic Zones World, said it has signed a land lease agreement with First Sea Mining Factory to set up its unique recycling facility in Dubai. The First Sea Mining Factory, which uses

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