The UAE, represented by the Ministry of Finance (MoF), has signed an agreement to promote and protect mutual investments with Hungary. The agreement, which was signed at the ministry’s headquarters in Abu Dhabi, aims to enhance economic cooperation, provide an optimal investment environment, and secure a comprehensive balance between rights and obligations between investors and the host country, thus stimulating business initiatives for sustainable economic development.The agreement was signed by Younis Haji Al Khoori, Under-Secretary of Ministry of Finance; and Osama Naffa, Hungarian Ambassador to the UAE, in the presence of senior officials from MoF. The agreement protects both nations’…
Author: menewscast.com
Al Ain International Airport (AAN), owned and operated by Abu Dhabi Airports, has welcomed two new weekly flights between Al Ain and Cairo, Egypt. The inaugural flight, operated by Nile Air, landed at Al Ain International Airport. Outbound flights will depart from Cairo International Airport on Mondays and Fridays at 15:40 LT and land at Al Ain International Airport at 21:15 LT. Return flights will depart from Al Ain International Airport on Mondays and Fridays at 22:15 LT, landing in Cairo International Airport the following day at 00:05 LT.Francois Bourienne, Chief Commercial Officer at Abu Dhabi Airports, said, “We are…
The OPEC Fund for International Development (OFID) has signed a US$75 million loan agreement with Bangladesh to improve connectivity and accessibility between the rural southwest regions and the capital Dhaka. The OPEC Fund loan will co-finance the construction of the Nalua-Baherchar Bridge (1.3km) over the Pandab-Paira River and build access roads. This project will improve connectivity between Dhaka and the southwest districts of Barisal and Patukhali, where agriculture and fishing are key economic activities. As travelers currently cross the river by ferry, the project will reduce travel time and costs while also allowing agricultural produce to reach marketplaces faster. The government…
The Abu Dhabi National Oil Company (ADNOC), announced an investment of US$763.7 million (AED2.8 billion) in integrated rigless services across six of its artificial islands in the Upper Zakum and Satah Al Razboot (SARB) fields to support its production capacity expansion to 5 million barrels per day (mmbpd) by 2030. The investment is in the form of three contracts awarded by ADNOC Offshore to Schlumberger, ADNOC Drilling, and Halliburton after a competitive tender process.Schlumberger’s share of the award is valued at US$381.18 million (AED1.4 billion); ADNOC Drilling’s share is valued at US$228.71 million (AED839.58 million), and Halliburton’s share is valued…
Masdar announced that it is expanding its footprint in the Republic of Uzbekistan, with the signing of agreements to develop two photovoltaic (PV) power projects in the country for a combined capacity of 440 megawatts. Sardor Umurzakov, Deputy Prime Minister and Minister of Investments and Foreign Trade of Uzbekistan, signed the Investment Agreements for both projects with Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, in Tashkent. The Power Purchase Agreements were signed by Sobirjon Artikov, First Deputy Chairman of the Board of JSC National Electric Grid of Uzbekistan, and Masdar’s Al Ramahi.”The Government of Uzbekistan opened up the power…
While almost four in ten UAE consumers have experienced online fraud attempts in the past year, trust and usage of digital payments both in-store and online see no signs of ceasing as consumers still prefer them over cash, citing improved technology, and security measures as reasons why they still feel more secure with these methods of payment. These findings were revealed in the 2021 Stay Secure survey conducted by Visa, Dubai Police, and Dubai Economy (DED), according to a joint press release.According to the study, the use of cash in the UAE continues to decline. While eCommerce and contactless payments…
A team of Emirati entrepreneurs have launched the first satellite to track wildlife in the UAE (Ghalib). Developed by Emirati company Marshall Intech, the satellite was successfully launched on SpaceX Falcon-9 rocket at Cape Canaveral Space Force Station, Florida.The satellite entered its orbit, 550 km above sea level. Equipped with advanced technologies, Ghalib satellite allows researchers to track wildlife and bird migration in the remote areas of country and assists in monitoring animals and conservation. The launch demonstrates the increasing role of young Emirati entrepreneurs in the UAE space industries and their contributions that enhance the country’s position as a…
To celebrate the indescribable drive and competitive spirit of all athletes and fans, Apple launched the International Collection bands for Apple Watch, featuring 22 limited-edition Sport Loop bands with colorful designs that represent those nations across the globe. Each band also features a matching downloadable Stripes watch face showcasing color combinations that customers around the world can use to personalize their Apple Watch and boldly show their country support. The soft, breathable, and lightweight International Collection Sport Loop bands are available representing the following countries: Australia, Belgium, Brazil, Canada, China, Denmark, France, Germany, Great Britain, Greece, Italy, Jamaica, Japan,…
MENA Newswire: Group-IB, a global threat hunting and adversary-centric cyber intelligence company specializing in investigating and preventing hi-tech cybercrimes, has officially announced the opening of its Middle East & Africa Threat Intelligence & Research Center in Dubai. The grand opening, held at the Habtoor Palace Dubai, was attended by representatives of the local financial organizations, government institutions, and the guest of honor, Mr. Craig Jones, INTERPOL Cybercrime director. Group-IB’s leadership views the opening of its MEA Threat Intelligence & Research Center as a critical milestone toward achieving the strategic goal of building the first ever decentralized global cybersecurity company with fully operational…
The European Commission on Friday authorized Pfizer-BioNTech COVID-19 vaccine for use in children as young as 12, paving the way for a broader roll-out in the bloc after similar clearances in the United States and Canada. The decision comes after European Medicines Agency (EMA) backed the use of the vaccine in 12- to 15-year olds earlier in the day. The agency’s endorsement came weeks after it began evaluating extending use of the vaccine to include that age group. The vaccine is already being used in the European Union for those aged 16 and above. The EMA said two doses of the…