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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…
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…
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…
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…
PM Modi launches first International Bullion Exchange in India
India's first International Bullion Exchange (IIBE) was launched by Prime Minister Narendra Modi at Gujarat International Finance Tech (GIFT) City in Gandhinagar, India. Additionally, he inaugurated the NSE IFSC-SGX Connect and laid the…
Real estate market in Dubai records highest sales volume in nine years in June
According to Mo'asher, Dubai's official index of sales prices and rental performance, 8,897 sales transactions worth AED22.75 billion were recorded in June, the highest volume in nine years. Comparing June 2022 to May 2022, volume increased…
ADNOC announces second gas discovery offshore Abu Dhabi
As part of Abu Dhabi's Offshore Block 2 Exploration Concession, operated by Eni, Abu Dhabi National Oil Company (ADNOC) has announced a second gas discovery. Approximately 1 to 1.5 trillion standard cubic feet (TSCF) of raw gas have been…
Bouroge announces 16.4 percent YoY revenue growth
In the first half of 2022, Borouge Plc, a petrochemical firm that produces innovative and differentiated polyolefin solutions, reported a 16.4% increase in revenue to $3,460 million versus the same period last year. This was driven by an…
ADNOC Drilling awarded $2 billion for the Hail, Ghasha Development Project
In connection with the Hail and Ghasha Development Project, Abu Dhabi National Oil Company (ADNOC) announced the award of two large contracts totaling $2 billion (AED7.49 billion) to ADNOC Drilling. A total of $1.3 billion (AED4.89 billion)…
Dailyhunt enters into a strategic content partnership with MENA Newswire
MENA Newswire: Dailyhunt, India's #1 local language content discovery platform powered by VerSe Innovation, today announced its strategic multi-year content partnership with MENA Newswire, a media-tech startup that is reshaping the future…