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Category: Business 9423

XRG Board Meets in New York to Review Company's Investment Strategy
Business
  • 1 mins read

XRG Board Meets in New York to Review Company's Investment Strategy

XRG's board held its first meeting outside the UAE in New York to review progress on its investment strategy and five-year plans, focusing on LNG and low-carbon hydrogen projects in the US.

Private Sector Urged to Meet Emiratization Targets by December 31
Business
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Private Sector Urged to Meet Emiratization Targets by December 31

The UAE Ministry of Labor urges private sector companies to meet Emiratization targets by December 31, focusing on increasing skilled citizen employment to support sustainable economic growth.

"Ajman Finance" Reviews Strategic Directions and Development Plans
Business
  • 1 mins read

"Ajman Finance" Reviews Strategic Directions and Development Plans

The Ajman Finance Department held its third leadership council meeting for 2025 to discuss strategic directions, development plans, project updates, and to strengthen financial governance in the emirate.

Memorandum of Understanding between the Central Bank and Dubai Finance to Develop the Capital Market
Business
  • 1 mins read

Memorandum of Understanding between the Central Bank and Dubai Finance to Develop the Capital Market

The Central Bank of the UAE and Dubai Finance signed a Memorandum of Understanding to enhance cooperation and develop the capital market using the Central Bank's financial infrastructure, aiming to issue government bonds in dirhams and promote financial inclusion.

Details of Investigation into Suspect Trading Currency Outside the Banking Market - Youm7
Business
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Details of Investigation into Suspect Trading Currency Outside the Banking Market - Youm7

Authorities are investigating suspects involved in illegal foreign currency trading outside the banking market at black market prices, with transactions exceeding two million Egyptian pounds annually. They were caught with cash and evidence on their phones proving their illegal activities.

Under Mohammed bin Rashid's directives, 'WETEX' launches today with participation of 3,100 companies from 68 countries
Business
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Under Mohammed bin Rashid's directives, 'WETEX' launches today with participation of 3,100 companies from 68 countries

WETEX exhibition launches today with 3,100 companies from 68 countries participating, featuring 18 international pavilions over 95,000 square meters and zones for green mobility and health and safety.

Minister of Communications Participates in Chinese Embassy Celebration in Cairo on China's 76th National Day
Business
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Minister of Communications Participates in Chinese Embassy Celebration in Cairo on China's 76th National Day

Dr. Amr Talaat, Egypt's Minister of Communications, participated in the Chinese Embassy's celebration in Cairo for China's 76th National Day, conveying congratulations on behalf of the Egyptian government. He emphasized the deep strategic partnership between Egypt and China, which spans thousands of years and covers multiple sectors including communications and technology.

Rising Military Spending Deepens Deficit and Reveals Fragility of Israeli Economy
Business
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Rising Military Spending Deepens Deficit and Reveals Fragility of Israeli Economy

The Israeli Knesset approved raising the 2025 budget deficit ceiling to 5.2% of GDP to fund additional military spending of 31 billion shekels. The economy contracted 4% in Q2 2025 amid the ongoing Gaza war, while the Bank of Israel kept interest rates at 4.5%.

Communications: Cumulative Investments in the China-Egypt Economic Zone Reach 3 Billion USD
Business
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Communications: Cumulative Investments in the China-Egypt Economic Zone Reach 3 Billion USD

The Egyptian Minister of Communications announced that cumulative investments in the China-Egypt Economic Zone have exceeded $3 billion, providing around 10,000 direct jobs, within a deep strategic partnership covering communications, technology, and infrastructure sectors.

Samir Omar: Netanyahu Seeks to Corner Hamas into Rejecting Trump's Plan to Justify Continued War
Business
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Samir Omar: Netanyahu Seeks to Corner Hamas into Rejecting Trump's Plan to Justify Continued War

Samir Omar stated that the Palestinian resistance suffered heavy losses after October 7, 2023, including the destruction of Gaza and losses among leadership and Hezbollah support in Lebanon. He added that Netanyahu aims to corner Hamas into rejecting Trump's plan to justify the ongoing war. Egypt has also suffered significant economic losses due to the conflict.

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