Sheikh Hamdan issues resolution regulating single-use products in Dubai
DUBAI, UAE - Â Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive...
Geostrategy
Human Rights Monitor submits documents on Gaza executions to UN
GENEVA, SWITZERLAND - The Euro-Mediterranean Human Rights Monitor documented, in a preliminary file submitted to UN special rapporteurs and the...
Geostrategy
Geostrategy
Syria again accuses US of stealing oil through Iraq
Syria has over the past few months repeatedly accused the US of using its forces to steal oil from its...
- Local sources in the Yarubiya countryside said that US forces on Saturday brought out a convoy of 60 vehicles
- This, they said, included a number of trucks and tens of tanks loaded with ‘stolen Syrian oil’ being taken to Iraq
Business
Abu Dhabi grants Binance approval to operate in emirate
Abu Dhabi has allowed Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, to operate as a broker-dealer in virtual...
- The company has received approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM)
- Upon the successful completion of its ADGM FSRA application, Binance will then be able to offer its services regarding virtual asset offerings to customers across the MENA region
Science
Pandemic ‘far from over’, but ‘let’s end it together’, says UN chief
The UN chief said countries need to fulfil and accelerate dose-sharing and donation commitments in order to reach the billions...
- Antonio Guterres said the spread of Omicron was “a startling reminder of how quickly COVID-19 can mutate and spread
- The Omicron variant of the novel coronavirus is now surging in the form of the BA2 variant in many parts of the world
Business
Abu Dhabi launches drive to keep infected Kinder products away
The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has said that the Abu Dhabi's markets are completely free of...
- The Authority's inspectors checked Abu Dhabi's markets to ensure whether suspected products were identified in the alert or not
- It also coordinated with suppliers and food facilities and contacted the local agent "Ferrero" in UAE
Economy
S&P degrades Russia’s forex payments rating to ‘selective default’
Credit rating agency S&P Global Ratings on Saturday downgraded Russia's foreign currency payments rating to "selective default" after Moscow paid...
- The agency does not expect investors to be able to convert the ruble payments to dollars equivalent to the amounts originally due
- Russia's finance ministry on Wednesday announced it had made a payment of almost $650 million due on April 4 in rubles
Business
EDGE picks up a new CEO
Saif Ali Al Dahbashi will be the CEO of AL TAIF, an EDGE firm.
- AL TAIF is part of the Land division within EDGE Group’s Platforms & Systems cluster
- The firm is the eading UAE in-country provider of lifecycle support for military land platforms and systems through maintenance, repair and overhaul
Business
Taaleem of Dubai in discussions with banks for IPO
Taaleem, the Dubai school operator, is in initial stage of talks with banks for an initial public offering in Dubai.
- The Dubai government last week decided to freeze tuition fees for the year 2022-2023, its third year in a row to help ease the financial burdens on parents
- In a report to clients, ratings agency Moody’s last month said the tuition fee freeze was credit negative for Dubai’s largest education provider Gems
Economy
S&P keeps Kuwait’s credit ratings at A+ with negative outlook
Kuwait's long and short-term foreign and local currency sovereign credit ratings have been affirmed at 'A+/A-1' by Standard & Poor's...
- The international agency also cautioned that it could lower the ratings if no sustainable comprehensive financing arrangements are agreed
- The S&P forecasted that higher oil prices would bolster Kuwait's fiscal and balance of payments positions over 2022-2023
Arts & Culture
Lebanon, France ink pact to preserve media archives
The Lebanese Minister of Information hailed the launch of the public media archives’ digitization project.
- The Lebanese Minister of Information hailed the launch of the public media archives’ digitization project
- The French Ambassador said this project is a glimpse of hope in light of the stifling crisis that is afflicting Lebanon
Business
Vaccine factory to come up in Khazaen City with $52m outlay
The first phase of the project is expected to be set up on a total area of 37,000 square meters.
- The agreement was signed by Khazaen CEO Salim Al Thuhli and Opal’s Chairman of the Board of Directors, Sa’ad Moosa Al Junaibi
- Al Thuhli was quoted by the official sources as saying that the project would be the first vaccine factory in Khazaen Economic City
Sheikh Hamdan issues resolution regulating single-use products in Dubai
DUBAI, UAE - Â Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive...
Geostrategy
Company News
ADIB posts $272m net profit
Business
Latest News
Aldar ties up with ADGMA to nurture local talent
Abu Dhabi— Aldar has partnered with the Abu Dhabi Global Market Academy (ADGMA) to develop a range of talent development...
Business
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...
Business
ADGM’s new service highlights how metaverse may help in mediation as underlined at TOP CEO Conference
The ADGM Arbitration Centre has launched the world’s-first service that hosts mediation in the metaverse. Interestingly, it was one of...
Business
Most Read
Geostrategy
Jordan and US renew commitment to enhance strategic ties
Amman, Jordan—Jordan and the US have reviewed their strategic partnership in a meeting between King Abdullah of Jordan and Mark...
- The meeting covered the ties and the strategic partnership between Jordan and the United States, as well as means of expanding cooperation across all fields
- The congressional delegation lauded the deep-rooted Jordanian-US ties, underscoring Jordan’s pivotal role in bolstering security and stability in the region
Business
Masdar to develop 100 megawatt solar plant in Turkmenistan
Abu Dhabi, UAE—Masdar will develop a 100 megawatt solar plant in Turkmenistan, the company's first such project in the country....
- In this regard, Masdar signed a joint development agreement (JDA) with Turkmenenergo State Power Corporation of the Ministry of Energy of Turkmenistan (Turkmenenergo)
- Turkmenistan is looking to modernise its energy infrastructure and reduce its dependence on hydrocarbons
Economy
‘UAE govt seeks to enable SMEs enter global markets’
"The UAE economic model is based on developing the national entrepreneurship system and enhancing the participation of Emirati entrepreneurs and...
- The UAE government is seeking to open new channels for entrepreneurs and support the growth and expansion of their businesses in global markets, says economy minister
- The country is strengthening global strategic economic partnerships and cooperation to enhance the potential for sustainable growth, Abdullah bin Touq Al Marri adds