• Singapore makes Israel embassy delete ‘insensitive’ Palestinian post

    Singapore, Singapore--Singapore made the Israeli embassy in the city-state take down an "insensitive" social media post about the Palestinians over the weekend after warning it could inflame tensions, the interior minister said Monday. Israel's war on Gaza and deepening humanitarian crisis in Gaza since the fighters of Hamas launched unprecedented attacks...
  • Singapore’s Petrozo Energy setting up Sharjah base to target Middle East

    Sharjah, UAE – Petrozo Energy, a leading Singapore-based oil and gas company, has announced a plan to establish a new manufacturing facility in the Hamriyah Free Zone in the UAE.   The free-zone is strategically located on the borders of Ajman and Sharjah, with direct access to Ras Al Khaimah.  The...
  • Boeing readies for competition with China’s first passenger plane

    Singapore, Singapore - Boeing said Wednesday it was preparing to compete with China's first domestically produced passenger plane, which was showcased for the first time to international buyers at Asia's biggest airshow. The single-aisle C919 aircraft made its international debut this week at the Singapore Airshow, featuring in both flying and...
  • UAE is the most popular destination for global workers, says report

    Dubai, UAE – The United Arab Emirates is the most popular country for international talent seeking employment visas, a report reveals.   The global HR platform,Deel, has released findings from its Annual Global Hiring Report and revealed UAE attracts a large number of international talent. This marks a significant milestone...
  • Do Kwon’s Terraform Labs files for US bankruptcy

    Kwon, who co-founded Terraform in 2018, was arrested last year in Montenegro and is awaiting extradition to the United States or South Korea. The collapse of the Singapore-based firm's TerraUSD and Luna wiped out around $40bn in investments and caused wider losses in the global crypto market estimated at more...
  • Maersk halts ships’ transit via Red Sea strait for 48 hours

    COPENHAGEN, DENMARK - Shipping giant Maersk said on Sunday it was suspending the passage of vessels through a key Red Sea strait for 48 hours, after Yemeni rebels attacked one of its merchant ships. The Maersk Hangzhou, a Singapore-flagged, Denmark-owned and operated container vessel en route from Singapore to Port Suez...
  • ADNOC signs LNG delivery agreement

    The 15-year agreement was inked wit ENN LNG (Singapore).
  • UAE to expand relations with Singapore in vital sectors: Sheikh Zayed

    Abu Dhabi, UAE -- UAE President Sheikh Mohamed bin Zayed Al Nahyan and Singapore Prime Minister Lee Hsien Loong Sunday discussed the relations and partnership between the two countries and explored avenues for its development to serve mutual interests. Additionally, they addressed a range of regional and international issues and...
  • Saudi Arabia, Singapore sign MoU on mutual recognition of halal certificate

    Riyadh, Saudi Arabia - The Saudi Food and Drug Authority (SFDA) signed Thursday a memorandum of understanding (MoU) with the Islamic Religious Council of Singapore, also known as Majlis Ugama Islam Singapura, to mutually recognize halal certificate. The MoU aims to develop procedures for conformity assessment, standard specifications, and technical...
  • Saudi Metrology Organization, Enterprise Singapore ink MoU on standardization

    RIYADH, SAUDI ARABIA – The Saudi Standards, Metrology and Quality Organization (SASO) and Enterprise Singapore signed an MoU here, focusing on standardization and the coordination of standards. The signing ceremony occurred during the third session of the Saudi-Singapore Joint Committee on Wednesday. The primary objective of the MoU is to...
  • Red Sea International Film Festival to showcase 14 short films

    Jeddah, Saudi Arabia - The Red Sea International Film Festival (RSIFF) unveiled Monday the lineup of international short films participating in the event. The films include "Titanic", "Primetime Mother", "The Late Wind", "The Wait", "Solatia", "Dusk", "Suitcase", "Terra Mater - Motherland", "Eid Mubarak" and "The In Between". The third edition...
  • Crypto fund co-founder arrested, jailed in Singapore

    According to the company's liquidator, Su Zhu was detained at Singapore's Changi airport while trying to leave the city-state. He was one of the co-founders of collapsed cryptocurrency hedge fund Three Arrows Capital. The company filed for bankruptcy last year when its fortunes suffered a sharp decline after a massive...
  • UAE’s internet quality world’s best, but e-security concerns remain

    The UAE's achievement in internet quality marks a significant improvement from its previous third-place ranking in this category. However, in the overall DQL Index, the UAE stands at 38th globally, reflecting its challenges in other areas, particularly in e-security.
  • Saudi Arabia and Singapore pledge to ramp up economic ties

    Singapore-- Saudi Arabia and Singapore have pledged to enhance economic cooperation between the two countries and also reviewed the challenges facing the global economy. In this connection Saudi Minister of Finance Mohammed Aljadaan met in Singapore with Deputy Prime Minister and Minister of Finance of Singapore, Lawrence Wong. According to...
  • 6 MNCs among new businesses attracted by Dubai Chamber in H1

    Dubai, UAE - Dubai International Chamber attracted 56 businesses to the emirate during H1 2023, including six multinational corporations and 50 Small and Medium-sized Enterprises (SMEs), local media reports said. It also supported the expansion of 15 local and national companies into global markets, either by increasing their exports or...
  • Saudi league’s transfer window can affect Europe’s clubs, says Liverpool

    Singapore, Singapore - Liverpool manager Jurgen Klopp on Tuesday urged football authorities to address the late closure of the transfer window in the Saudi Arabia league, fearing it may have a detrimental effect on European clubs. Speaking in Singapore on the eve of his team’s pre-season friendly against German champions Bayern...
  • Eastward shift: GCC builds strategic ties with ASEAN

    Trade between GCC and ASEAN doubles, marking a new economic collaboration era as Saudi Arabia, Qatar, Oman, and UAE enhance ties by signing Treaty of Amity and Cooperation.
  • Israel ranks 5th healthiest country in the world

    Dubai, UAE - Israel ranks in 5th place out of the 167 countries on the index of the world’s healthiest and unhealthiest countries.  Singapore was rated as having the top service and state of health globally in 2023. Asia is well represented generally, with the four top places rounded off...
  • Siemens to expand business

    BERLIN, GERMANY - German industrial giant Siemens said on Thursday it would build a new high-tech factory in Singapore and expand another in China as part of a two-billion-euro ($2.1 billion) investment plan to build up its manufacturing capacity. Siemens said it would invest around 200 million euros in the Singapore...
  • UAE exports to reach $544bn by 2030, says Standard Chartered report

    DUBAI, UAE -  The UAE is poised to play a pivotal role in global trade with its exports projected to reach around US$544 billion (AED2 trillion) by 2030, showcasing a robust annual growth rate of 5.5 percent. according to a Standard Chartered research study. The report, titled 'Future of Trade:...
  • Qatar’s Q1 private sector exports hit $2.49 billion, up 17.5%

    Doha, Qatar -- Qatar's private sector exports hit QR 9.1 billion ($2.49 billion) in the first quarter of 2023, representing a 17.5 percent growth year-on-year (YoY) compared to QR 7.73 billion in Q1 of 2022.According to Qatar Chamber's quarterly report issued Tuesday, exports through the General Model amounted to QR...
  • Oil falls ahead of OPEC+, US Federal Reserve meetings

    Brent crude futures were down 74 cents, or 0.8 percent, to $85.92 a barrel at 0710 GMT, while West Texas Intermediate crude was down 61 cents, or 0.8%, to $79.07 a barrel.
  • Southeast Asia may re-take leading growth position

    Advanced economies are expected to slow down further this year, while ASEAN-6 economies are more resilient to the current macro scenario and should present robust, mid-single digit growth. Three factors underpin expectations for an above-average outperformance for ASEAN-6 ntions, it adds.
  • Oil prices fall, but hovers near 2023 highs

    Brent fell 36 cents, or 0.4 percent, to $84.92 a barrel, while US West Texas Intermediate crude fell 21 cents, or 0.3 percent.
  • Oil gains 3% on China demand hike, concerns about Russian supplies

    Brent crude rose 50 cents, or 0.6%, to $83.17 per barrel by 0135 GMT, while US West Texas Intermediate crude also rose 50 cents, or 0.7%, to $77.91 per barrel.
  • Oil slips after unexpected build in US crude and fuel inventories

    US West Texas Intermediate (WTI) crude futures fell 59 cents, or 0.8 percent, to $74.53 a barrel, while Brent crude futures were down 62 cents, or 0.8 percent, at $79.48 a barrel.
  • Oil prices rebound after opening the year down over 9%

    Brent crude futures gained 59 cents to $78.43 a barrel, while US West Texas Intermediate crude futures rose 69 cents to $73.53 a barrel.
  • Singapore economy grows more than expected in 2022

    Growth in the fourth quarter came in at 2.2 percent, sharply down from 4.2 percent in July-September, according to advance estimates by the trade ministry.
  • UAE takes part in 17th Asia Pacific Regional Meeting of ILO

    SINGAPORE -   The UAE has participated in the 17th Asia Pacific Regional Meeting of the International Labor Organization (ILO) in Singapore. More than 500 representatives of governments, labor organizations and companies from 33 of the 48-member countries of the Asia Pacific Group of ILO took part in the meeting. The...
  • Dubai races ahead to be global epicenter for crypto

    While the crypto ecosystem still reels from the collapse of FTX, and investor apprehension about the future of the digital asset, Dubai's regulatory mechanism to oversee cryptocurrency entices big players to the city.
  • Singapore has highest number of crypto job openings

    Luxembourg has the second highest rate at 55.59 crypto jobs per million people.
  • Affirma Capital seeks to exit its stake in Jordan-based Fine Hygienic Holding

    Affirma is in talks with Moelis & Co. on the sale of its minority stake in the company, sources told the agency.
  • Al Seer signs JV

    The agreement was signed with Damen Shipyards and DTec Industries.
  • ‘Agri-tech, innovation key in improving farmers’ livelihoods’

    UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the Agriculture Ministers’ Meeting in Bali as part of the G20 Summit.
  • Interpol sends out red notice for Terra crypto founder

    Nearly a month after a South Korean court issued an arrest warrant for Do Kwon, a cryptocurrency founder, Interpol has issued a red notice for Kwon who flew from South Korea to Singapore ahead of the crash in May. South Korean prosecutors had requested Interpol place him on the red...
  • The ‘majestic’ Singapore orchid named in honor of Queen Elizabeth

    After Queen Elizabeth II's death last week, the city-state's Botanic Gardens loaned a towering sprig of Dendrobium Elizabeth to the British high commissioner's residence.
  • UAE calls for global solidarity at environment ministers meet

    UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the Joint Environment and Climate Ministers’ Meeting as part of the G20 Summit in Indonesia.
  • UAE: a trendsetter in regulating cryptocurrency market

    The UAE, Japan and Singapore have emerged as the trendsetters in regulating the crypto-currency market effectively, according to a top European academic.
  • UAE to attract super rich, say investment trends

    One big factor for more HNWIs making their way to the UAE is the ongoing war in Ukraine which has triggered the biggest emigration of millionaires from Russia over the last six months, with forecast net outflows of 15,000 by the end of 2022 -- a massive 15% of its...
  • Global projects to fuel Aramco 2022 growth

    The Saudi Arabian Oil Company has outlined a clear strategy to continue to invest in both upstream and downstream segments, says Rehan Akbar, Senior Vice-President at Moody’s.
  • UAE and Singapore explore ways to boost trade

    The UAE and Singapore will explore ways to enhance bilateral relations in light of the agreement signed between the two nations in 2019 that called for cooperation in investment and trade.
  • Masdar joins consortium to build solar power facilities in Indonesia

    Masdar will be joining a consortium that will develop solar photovoltaic facilities with a capacity of about 1.2 gigawatts and associated storage in Indonesia for the export of solar power to Singapore. In this connection, Masdar said, it has signed a Memorandum of Understanding with Singapore’s Tuas Power, France’s EDF...
  • Passport strength: Where do Arab countries stand?

    The Henley Passport Index ranks 199 passports, based on how many countries and territories their holders can travel to without needing a visa.
  • Citi to sell SE Asian biz for $3.6 bn

    Singapore's United Overseas Bank will buy the franchises
  • Binance may move to Dubai as part of crypto deal

    TRENDS broke this news in October. The agreement will regulate the offering, issuance, listing and trading of encrypted assets of the firm that is based in Seychelles.
  • Saudi Arabia, Singapore to enhance cooperation in digital economy

    The Kingdom and Singapore seek to activate the partnership by signing a memorandum of understanding for digital cooperation.
  • Tel Aviv residents face soaring costs in world’s priciest city

    Israel's cultural capital Tel Aviv is now more expensive than Paris, Singapore, Zurich, Hong Kong and New York.
  • Dubai ranks first in Arab world in Innovation Index

    The report also highlights that 2014 saw the launch of the first Dubai Innovation Index, which was the first-of-its-kind city level assessment of innovation which has influenced a raft of new measures, including strategies policies and procedures introduced in areas that include public private partnerships, robotics, blockchain, artificial intelligence, the...
  • Patrol robots to police ‘undesirable social behaviour’

    From vast numbers of CCTV cameras to trials of lampposts kitted out with facial recognition tech, Singapore is seeing an explosion of tools to track its inhabitants
  • Athletes not only win hearts, but a lot of money too

    The value of the medals at the Tokyo Olympics has been revised upwards. Now the gold medals fetch US$200,000, the silver US$125,000 and the bronze US$70,000. 
  • Dubai Chamber launches online tool to fill $10b export gaps

    The launch of the tool is in line with the emirate’s new target to boost its foreign trade from around $380 billion to around $545 billion over the next five years.