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Eye of Dubai

Saudi Arabia announces new oil, natural gas discoveries in Eastern Province, Empty Quarter
Environment & Energy | Tuesday 2 July, 2024 8:46 am
Saudi Arabia announced today the discovery of new oil and natural gas fields in the Eastern Province and the Empty Quarter, announced Minister of Energy Prince Abdulaziz bin Salman "Saudi Aramco has discovered two unconventional oil fields, one Arabian light oil reservoir, two natural gas fields,...
PIF makes SAR 64B profit in 2023
Business & Money | Tuesday 2 July, 2024 8:42 am
The Public Investment Fund (PIF) generated SAR 64.4 billion profit, against losses of SAR 14.7 billion a year earlier, backed by a 101% year-on-year (YoY) surge in revenues. Topline increased on income from investment activities, which reached SAR 93.8 billion, as Softbank swung to profits after...
Esports World Cup and HONOR Sign Technology Partnership for Mobile Competitions
Sports | Monday 1 July, 2024 1:38 pm
The Esports World Cup Foundation (“EWCF”) and HONOR, a global technology leader, have announced a main partnership for the Esports World Cup (“EWC”), the world's largest gaming festival set to take place this summer in Riyadh, Saudi Arabia. The HONOR 200 Pro will be the official smartphone...
FAMCO Qatar Signs Major Agreement To Supply 25 Volvo Heavy-Duty FMX460 4x2 Trucks to Al Nasr Holding
Business & Money | Monday 1 July, 2024 11:32 am
Doha, Qatar – Al-Futtaim Auto and Machinery Company (FAMCO) Qatar is pleased to announce the successful sale of a large fleet of VOLVO FMX460 4x2 Heavy-Duty Tractor Head trucks to Al Nasr Holding (Venture Gulf Engineering), a leading business conglomerate in Qatar. The sale was finalized on May...
Clemta: All-in-One Platform for Entrepreneurs Expanding into the US and Global Market
Business & Money | Monday 1 July, 2024 10:15 am
Against a backdrop of 5.5 million new businesses created in the US in 2023, leading company formation and financial management platform Clemta continues its global expansion via technical infrastructure development and adding Arabic language support. The Certified Acceptance Agent recognized by the ...
DEWA’s accommodation complex in Warsan receives LEED Platinum Rating
Business & Money | Monday 1 July, 2024 9:23 am
Dubai Electricity and Water Authority (DEWA)’s Accommodation Complex in Warsan has received the Platinum Rating in the LEED (Leadership in Energy and Environmental Design) awarded by the US Green Building Council (USGBC). This makes it the first multifamily project in the world to receive...
Amna Al Dahak emphasises UAE's commitment to collaborating with BRICS on food security, trade, and environmental conservation
Tourism & Hospitality | Monday 1 July, 2024 9:19 am
Dr. Amna bint Abdullah Al Dahak, Minister of Climate Change and Environment (MOCCAE), emphasised the UAE's commitment to collaborating with BRICS countries on joint food security initiatives and the expansion of food trade among member nations. Dr. Al Dahak also stressed cooperation in...
Ajman’s GDP rises to AED36 billion in 2023 : Statistics Centre
Business & Money | Monday 1 July, 2024 9:16 am
Preliminary estimates of Ajman's Gross Domestic Product (GDP) for the year 2023, issued by the Ajman Statistics Centre, reveal the emirate's robust economic performance and positive growth rates. The emirate achieved a GDP at current prices exceeding AED36 billion, compared to AED33.9 billion...
RTA awards AED431m project to develop entry/exit points for Dubai Harbour
Business & Money | Monday 1 July, 2024 9:12 am
The Roads and Transport Authority (RTA) has awarded a AED431 million project to construct direct entry/exit points for Dubai Harbour, in partnership with Shamal Holding. The project encompasses the construction of a two-lane bridge in each direction spanning 1500 metres extending from the...
Maktoum bin Mohammed chairs Executive Council meeting, announces AED25 billion in new investment incentives
Business & Money | Monday 1 July, 2024 9:07 am
The Executive Council of Dubai has approved a series of new initiatives and programmes designed to support its ambitious economic agenda and make it one of the world’s top three urban economies by 2033. Chairing the Council’s meeting, H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, ...
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