Press Dossier   By Date  06/01/2022
UAE's LuLu Group, Jammu and Kashmir govt sign MoU to set up food processing hub in Srinagar
The Jammu and Kashmir government signed a memorandum of understanding (MoU) with Abu Dhabi-based LuLu Group to set up a food processing and logistics hub in Srinagar.
Gold prices drop over Dh2 per gram; 24K opens at Dh218.75
Gold prices fell on Thursday morning in the UAE and worldwide as a surge in US Treasury yields following hawkish meeting minutes released by the Federal Reserve offset the precious metal’s safe-haven demand amid rising cases of the Omicron coronavirus variant.
Dewa launches Real-Time Mobile Work Force Project to improve employee productivity and happiness
The Dubai Electricity and Water Authority (Dewa) has launched the Real-Time Mobile Work Force Project to improve productivity and fieldwork efficiency.
UAE sovereign wealth funds' assets jump to Dh5.9 trillion
The UAE sovereign wealth funds (SWFs) assets have exponentially grown in 2021, jumping by over 18 per cent or $250 billion (Dh917.5 billion), on the back of the gains in equity markets as well as recovery in oil prices after a tough previous year due to the outbreak of the Covid-19 pandemic.
New UAE cybercrime law: Up to Dh500,000 fine for taking photos of people without consent
The new UAE cybercrime law has amended the penalty for taking pictures of accident victims and circulating them online.
Saudi universities agree to cooperate on atomic, renewable energy
Two Saudi universities have signed an agreement to combine their capabilities and resources to help realize the Kingdom’s ambitions in the fields of atomic and renewable energy.
Saudi Arabia’s idle land program allocates $532m of its revenues to housing projects
Since it was first launched, Saudi Arabia’s idle land program has already disbursed SR2 billion ($532 million) of its revenues to develop infrastructure projects of over 80 housing projects across the Kingdom.
Saudi civil aviation sector to contribute over $74bn to GDP by 2030
Saudi civil aviation and air transport sector is expected to contribute SR280 billion ($74 billion) to the Kingdom’s GDP by 2030, up from SR80 billion in 2018.
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