Russia ready to discuss Turkey’s idea about guarantors for Israel, Palestine, says Lavrov
PYONGYANG, NORTH KOREA - Russia is ready to discuss and consider Turkey’s initiative to establish a guarantor system in the...
Geostrategy
Archer to launch its all-electric air taxi service across UAE
ABU DHABI, UAE - Archer Aviation on Tuesday announced that it has entered into an agreement with Abu Dhabi Investment...
Business
Geostrategy
Kuwait and UNHCR agreement to provide $2 million aid to Yemen
It is also meant to provide basic building materials for temporary shelters, to rehabilitate and improve sites' and water sources...
- The agreement is a result of Kuwait’s commitment during the 75th session of the United Nations General Assembly.
- The grant targets at improving living conditions of almost 200,000 internally displaced persons in cities of Yemen.
Business
Binance gets nod to become crypto asset service provider in Bahrain
The regulatory approval, the first in the Middle East and North Africa region, may push Binance to set up its...
- The regulatory approval, the first in the Middle East and North Africa region, may push Binance to set up its headquarters in Manama
- The second regulatory approval for Binance has come from Canada, which has approved a money services business license
Geostrategy
UAE residents can recycle used cooking oil at Bee’ah Tandeef machines
Waste management and environment company Bee’ah Tandeef has launched a service that allows people to recycle used cooking oil so...
- Bee’ah Tandeef will turn the waste cooking oil into biodiesel that will be used to run its fleet of waste collection trucks.
- The collection machine also dispenses a new empty bottle whenever a bottle is deposited.
Business
Saudi Central Bank seeks consultation on real estate refinance regulations
The Saudi Central Bank "SAMA" has released a public consultation on rules for regulating the business of real estate refinance...
- The draft can be reached by visiting Public Consultation Platform affiliated with the National Competitiveness Center at https://istitlaa.ncc.gov.sa.
- SAMA has invited the public, specialists, and interested individuals to provide their views and observations on the rules within 30 days.
Economy
Council of Arab Ministers declares Muscat Arab Digital Capital for 2022
Oman's capital Muscat will be the Arab Digital Capital for 2022, the Council of Arab Ministers for Communications and Information...
- Oman had made cyber-security, digital innovation and digital capabilities development focus of its candidacy.
- Oman's communications minister said that the decision reflects the confidence of Arab countries in the digital and legal capabilities of Oman.
Business
Abu Dhabi Global Market to begin Monday-Friday workweek from Jan 1
Abu Dhabi Global Market (ADGM) has announced that it will commence a Monday to Friday working week from 1 January...
- ADGM said the new working week brings Dubai's business community and financial sector closer to global markets and real-time economic and trading activities.
- More than 3700 entities are registered with the ADGM and it has a strong pipeline of growth, said the IFC in a statement.
Infographics
What were the top geopolitical events of 2021?
The year 2021 was, despite the dampened activity due to the Covid-19 pandemic, chock-full of landmark events.
- Globally, the world is still talking about the January 6 incident where supporters of then US President Donald Trump stormed the US Capitol
- Also, the annual climate conference COP26 was held in Glasgow, with observers still divided on whether it was a success or a failure
Business
Jordan bank plans acquisition
Central Bank will acquire the Societe Generale Bank Jordan.
- The acquisition is said to be part of a drive to expand the Central Bank's foothold regionally and domestically
- Its chairman Bassem Al Salem said the bank would also issue $100 million in perpetual bonds to help drive growth
Geostrategy
UAE extends $2m grant to Costa Rica in flood response
The UAE has extended a grant of $2 million to Costa Rica to help the Central American country battle its...
- The money is expected to help Costa Rica build capacity in its National Emergency Commission to address flooding throughout the country
- This comes against the backdrop of two previous aid flights sent by the UAE to Costa Rica carrying critical medical supplies to fight Covid-19
Arts & Culture
UAE’s most awaited falconry event Telwah to begin Dec 28
The most awaited new season of Fazza Championship for Falconry- Telwah, organized by the Hamdan Bin Mohammed Heritage Centre (HHC),...
- Director of Fazza Championships confirms the closing of competition's registration.
- Falconry has a 2000-year-old history and Bedouins of the Arabian Peninsula practiced it for hunting.
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Russia ready to discuss Turkey’s idea about guarantors for Israel, Palestine, says Lavrov
PYONGYANG, NORTH KOREA - Russia is ready to discuss and consider Turkey’s initiative to establish a guarantor system in the...
Geostrategy
Company News
Pure Health to invest US$500m
Business
Latest News
ADX partners with FTSE Russell
Business
UAE gross banks’ assets up 0.9% to over $1tn by Aug end
The Money Supply aggregate M2 increased by 1.4 percent from $437 billion at July end to $443 billion at the...
Economy
UAE to provide Ukraine with $100m in humanitarian aid
Minister of State for International Cooperation Reem bint Ebrahim Al Hashimy said the UAE's continued efforts to mitigate the humanitarian...
Economy
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Business
Aldar, Abu Dhabi Residents Office to enhance Golden Visa services, offerings
Abu Dhabi, UAE-- The Abu Dhabi Residents Office, part of Abu Dhabi Department of Economic Development (ADDED), has signed a...
- They are working on developing a joint strategy to promote Abu Dhabi and its real estate projects besides identifying opportunities to support investors and talent.
- The Office will support clients of Aldar when applying for a Golden Visa upon purchasing a property valued at more than AED 2 million ($544, 506) from Aldar’s projects.
Geostrategy
Nord Stream probe tailored against Russia, says Kremlin
The Kremlin said that the investigation into the explosions that tore through the Nord Stream gas pipelines was being 'tailored'...
- Russia has accused Western countries of being behind the explosions of the pipelines.
- Russia had earlier expressed bewilderment over its exclusion from an investigation into the incident.
Business
Morocco supervisory authority approves Takaful Insurance Company
Rabat, Morocco---A Takaful insurance company will be established in Morocco by Qatar Islamic Bank, Atlanta Insurance and Moroccan Tourism and...
- The Atlanta Insurance Company will hold 60% of the shares, Moroccan Tourism and Real Estate Loan Bank 20% and Qatar Islamic Insurance Company and QIIB 10% each.
- Takaful is Sharia-compliant Islamic insurance wherein members contribute money into a pool system to guarantee each other against loss or damage.