Dubai welcomes record 9.31 million visitors in first half of 2024
Dubai, UAE - Dubai has reinforced its position as a global tourism leader by welcoming a record 9.31 million international...
Economy
Saudi Arabia constitutes center for promoting moderate Islam: North Macedonia Mufti
Skopje – Islamic Union President and Republic of North Macedonia Mufti Sheikh Hafiz Şakir Fetahu stressed that Saudi Arabia has...
Economy
Turkish Central Bank maintains interest rate at 9%
Inflation rates and trends have started to improve in Turkey, supported by the comprehensive policies the country is pursuing, the...
- Inflation rates and trends have started to improve in Turkey, supported by the comprehensive policies the country is pursuing, the bank pointed out in a statement
- Erdogan could soon urge more rate cuts in view of the upcoming elections and as part of his unorthodox stance that policy easing also lowers prices
Geostrategy
DEWA showcases its sustainability projects to French, Cuban delegations
DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer received a high-level...
- The meetings with the French and Cuban delegations were held at DEWA’s stand at the World Future Energy Summit in Abu Dhabi.
- The MD and CEO of DEWA discussed the firm's projects in sustainability, renewable and clean energy.
Economy
MoIAT, Ras Al Khaimah Economic Zone ink pact to promote industrial growth in UAE
ABU DHABI, UAE - The UAE Ministry of Industry and Advanced Technology (MoIAT) and Ras Al Khaimah Economic Zone (RAKEZ)...
- MoIAT and RAKEZ will cooperate in programs and initiatives under the National Strategy for Industry and Advanced Technology, Operation 300bn,
- The two entities will encourage industrial companies to join the UAE Industry 4.0 program and undergo a readiness assessment.
Business
Masdar City, ADGM ink pact to strengthen foreign investment in Abu Dhabi
ABU DHABI, UAE - Masdar City and the Abu Dhabi Global Market (ADGM) Thursday signed a Memorandum of Understanding (MoU)...
- Masdar City and ADGM will work together to attract new investors to their free zones and benefit from each other’s capabilities.
- The two entities will exchange best practices and promote institutional integration.
World Economic Forum
Saudi Arabia becoming a bright spot for the world economy: IMF chief
Princess Reema bint Bandar, Saudi Arabia’s Ambassador to the United States of America, underlined the importance of the Saudi-US relationship.
- Princess Reema bint Bandar, Saudi Arabia’s Ambassador to the United States of America, underlined the importance of the Saudi-US relationship.
- Mohammed bin Abdullah Al Jadaan, Saudi’s Minister of Finance, highlighted the economic reforms ushered in by Saudi Vision 2030, in providing a pathway for the region
World Economic Forum
UAE inks cooperation agreements at WEF
The agreements were unveiled during a high-level meeting between Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs, and Prof....
- The agreements were unveiled during a high-level meeting between Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs, and Prof. Klaus Schwab, WEF Founder
- Klaus also announced WEF’s collaboration with the Government of the United Arab Emirates to organize the Annual Meeting of the Global Future Councils 2023
Geostrategy
Tunisia president’s former top aide jailed in absentia, say media reports
TUNIS, TUNISIA - Tunisian President Kais Saied's former chief of staff was sentenced in absentia on Tuesday to prison over audio...
- Nadia Akacha had been a key aide to Saied until she quit in January last year, citing "fundamental differences of opinion" over the national interest.
- A constitutional lawyer like the president, she was appointed as Saied's legal adviser in late 2019 before becoming his chief of staff in January 2020.
Economy
Abu Dhabi Department of Energy, Statistics Center sign data collaboration pact
ABU DHABI, UAE - Statistics Center – Abu Dhabi (SCAD) and the Abu Dhabi Department of Energy (DoE) have signed...
- The pact was inked on the sidelines of the 15th edition of the Abu Dhabi Sustainability Week 2023.
- This is a part of a strategy to develop an advanced statistical ecosystem which provides high-quality statistics through a decentralized model.
Economy
UAE Ministry of Finance, Dubai Free Zones Council sign MoU on sharing of information
DUBAI, UAE - UAE Ministry of Finance (MoF) Tuesday signed a Memorandum of Understanding (MoU) with the Dubai Free Zones...
- The Ministry of Finance makes efforts to ensure that government entities in the UAE are committed to international tax pacts the country has signed.
- Dubai Free Zones Council will provide the necessary tax information to the ministry of finance.
Geostrategy
Iran releases celebrity chef held in crackdown, say activists
PARIS, FRANCE - Iran has released a prominent chef and Instagram influencer who was detained earlier this month in its crackdown...
- Navab Ebrahimi, known for his videos promoting Persian cooking, was arrested in Tehran on January 4 and taken to the city's Evin prison.
- Iran has arrested at least 14,000 people in protests sparked by the September 16 death in custody of Mahsa Amini, a 22-year-old Iranian Kurdish woman.
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Dubai welcomes record 9.31 million visitors in first half of 2024
Dubai, UAE - Dubai has reinforced its position as a global tourism leader by welcoming a record 9.31 million international...
Economy
Company News
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EasyLease buys 60% stake in Fully Charged
Fully Charged has expertise in EV charging technology.
Business
Oil prices up on Saudi, Russia push for output reduction
Riyadh, Saudi Arabia - Collaboration between Saudi Arabia and Russia to drive OPEC+ members toward output cuts has resulted in...
Economy
DP World, Zee Entertainment rope in David Warner for ILT20 Season 2 marketing campaign
Dubai, UAE - Australian cricket star David Warner along with Indian top Indian cricketer Harbhajan Singh will lead the marketing campaign...
Business
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Business
Nasdaq faces $4m penalty for alleged Iran sanctions violations
New York, United States - Nasdaq Inc., headquartered in New York, has agreed to pay a $4 million settlement to...
- The violations stemmed from services provided by Nasdaq OMX Armenia to Iran and Iran's state-owned Bank Mellat
- Office of Foreign Assets Control noted that the settlement amount reflects their assessment that Nasdaq's actions were non-egregious
Economy
Iran, Oman call for using national currencies in mutual trade
Tehran, Iran – Iran and Oman have signed two memoranda of understanding to boost bilateral cooperation and using their national...
- The Iranian industry minister also announced his country’s readiness to jointly implement key industrial projects with Oman
- Head of the Central Bank of Iran Mohammad-Reza Farzin hailed any measure that helps boost monetary cooperation between the two countries
Business
Chinese firm announces $5bn investment in solar power chain in UAE
Dubai, UAE - Trina Solar, a Chinese renewable energy company, announced on Thursday plans to invest US$5 billion to create...
- Katherine Gao, Trina Solar CEO, described COP28 as an inspiring platform for leading companies to showcase their smart solutions in the fields of renewable energy
- The event, she added, provides an opportunity to exchange solutions with industry leaders and governments to integrate environmental practices across the supply chain