Home Economy

Category: Economy

Post
$510 million in sales at Malaysian Global Halal Expo MIHAS@Dubai

$510 million in sales at Malaysian Global Halal Expo MIHAS@Dubai

The CEO of the Malaysia External Trade Development Corporation (MATRADE), Mohd Mustafa Abdul Aziz, announced that the total sales recorded during the “MIHAS@Dubai” exhibition, which concluded yesterday in Dubai, amounted to USD 510 million. He highlighted that the UAE accounted for 42% of Malaysia’s total trade with Gulf countries during the period from January to October 2024, reflecting an 11.3% growth compared to the same period last year, reaching USD 7.98 billion, and described the UAE as a leading destination for Malaysian exports.

Post
Procurement Forum at Abu Dhabi Business Week to foster public-private partnerships, accelerate industrial growth

Procurement Forum at Abu Dhabi Business Week to foster public-private partnerships, accelerate industrial growth

Businesses will gain valuable insights into government procurement opportunities at the upcoming Procurement Forum, hosted by Department of Government Enablement (ADDGE) and Abu Dhabi Department of Economic Development (ADDED). An important part of Abu Dhabi Business Week (ADBW), the Forum is the government’s latest initiative to help build a resilient, sustainable economy through strategic procurement and investment opportunities for the private sector.

Post
Nahyan bin Mubarak inaugurates Air Expo Abu Dhabi 2024

Nahyan bin Mubarak inaugurates Air Expo Abu Dhabi 2024

Sheikh Nahyan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, has inaugurated Air Expo Abu Dhabi 2024, which is running until 21 November at the Abu Dhabi National Exhibition Centre (ADNEC) in the presence of top industry CEOs and distinguished guests.

Post
DXB welcomes 68.6 million guests in 9 months

DXB welcomes 68.6 million guests in 9 months

Dubai International (DXB) is on track for record-breaking annual traffic following an impressive performance in the first nine months of the year. By the end of September, DXB had welcomed 68.6 million guests, a growth of 6.3% compared to the same period in 2023.

Post
TAQA to develop two new power plants in Saudi Arabia

TAQA to develop two new power plants in Saudi Arabia

Abu Dhabi National Energy Company (TAQA) together with JERA Co., Inc, Japan's largest power generation company and Al Bawani Capital, a subsidiary of AlBawani Holding, announced that they have entered into two 25-year power purchase agreements (PPAs) with Saudi Power Procurement Company (SPPC) on a build, own and operate basis, to develop two new greenfield combined cycle gas turbine (CCGT) power projects with a total power generation capacity of over 3.6 GW in Saudi Arabia.