GCC ministers hold discussion on food security in the region
Riyadh, Saudi Arabia--Jasem Mohamed Albudaiwi, Secretary General of the Gulf Cooperation Council (GCC), held a virtual meeting with ministers from...
Economy
SCT, Omantel ink pact for satellite services
Omantel will utilize satellite services to expand and enhance its mobile network backhauling The agreement will help Omantel gain satellite...
Al Maryah Community Bank appoints board of directors
The new board will steer the bank to be the leading digitalized financial services provider in the UAE Established in...
Dubai seeks new source markets to drive tourism recovery
Emirate attracted over 5.5 million overseas visitors in 2020 Visitor from newer markets in Europe, Africa and the Commonwealth...
Emirates posts $5.5 b loss due to pandemic restrictions
Group's dnata ground services at airports reported a loss of US$ 496, down from US$ 168 million profit in...
Undervaluation of work in progress is UAE construction sector’s biggest challenge
69 percent of those polled believe decisions on capital projects during construction phase marred by short-term approach British Business Group...
In North Africa, Moroccans most interested in second citizenship: UK firm
Caribbean nation of St Kitts and Nevis most popular destination for Moroccan nationals 3 million people of Moroccan descent...
2.7m people petition WTO to give world population access to Covid vaccines
The WTO has received a petition signed by over 2.7 million people from around the world calling for universal...
A majority of UAE companies believe artificial intelligence can cope with cyberattacks
A Sophos report has said around 92% of IT teams in companies in the UAE said they expect Artificial...
Emirates Development Bank successfully closes $750-million five-year bond
EDB has successfully closed its $750-million five-year bond issue, which was four times oversubscribed The bonds were priced at a...
Dubai crown prince orders government procedures for doing business be cut by 30 percent
This is expected to improve Dubai’s, and in turn the United Arab Emirates’, position in the global Ease of Doing...
Company News
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Activists term IMF, World Bank ‘worst scam of the century’
Activists from developing nations belonging to a group called People's Alternative Global Tribunal organized themselves in the Moroccan city as...
Economy
UAE and US aim to speed up cooperation in clean energy, technology
Abu Dhabi, UAE-- The UAE and US have reviewed ways to accelerate cooperation in priority sectors such as clean energy,...
Economy
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Business
Samsung profits plunge
The company expects Q3 profits to fall nearly 80% to US$1.8bn.
- The company said in a statement that its operating profits for the July-September period will fall 77.9 percent to $1.8 billion
- Led by Samsung, South Korean chipmakers have enjoyed record profits in recent years as prices for their products soared
Economy
UAE to sign six more CEPAs by year end: Al Zeyoudi
Dubai, UAE--The UAE will sign six new comprehensive economic partnership agreements (CEPA) with South Korea, Thailand, Chile, Costa Rica, Colombia,...
- The minister made the remarks about the new CEPA agreements during a press conference to announce the UAE-Georgia CEPA
- He added that agreements will be signed with South Korea, Thailand, Chile, Costa Rica, Colombia, and Ukraine in the next few months
Geostrategy
Total siege of Gaza ‘prohibited’ under international law: UN
Geneva, Switzerland--Israel's total siege of the Gaza Strip, depriving civilians of goods essential for survival, is banned under international law, the...
- The UN high commissioner for human rights said people's dignity and lives had to be respected, calling for all sides to scale back the violence
- He said the siege risk seriously compounding the already dire human rights in Gaza, including the capacity of medical facilities to operate