IsDBI, BIBF join hands to enhance global Islamic finance expertise
MANAMA, BAHRAIN - The Bahrain Institute of Banking and Finance (BIBF) and the Islamic Development Bank Institute (IsDBI) have decided...
Business
World must understand AI, curb its risk, says UK Deputy PM
NEW YORK, US - The United Kingdom will be holding a summit on artificial intelligence (AI) so that nations can...
Science
Arts & Culture
First ever Riyadh Philosophy conference launched
CEO of the Ministry of Culture’s Commission for Literature, Publishing and Translation Dr Mohammed Hasan Alwan opened the conference.
- CEO of the Ministry of Culture’s Commission for Literature, Publishing and Translation Dr Mohammed Hasan Alwan opened the conference
- He said that the event is intended to become annual, and marks the “start of Riyadh’s emergence as a major global center of philosophy”.
Business
EGA signs 3 year agreement with China’s Bosai Group
The company has supplied Bosai Minerals Group over one million tonnes of bauxite in 2021 under short-term agreements.
- The company has supplied Bosai Minerals Group over one million tonnes of bauxite in 2021 under short-term agreements
- EGA operates a transshipment facility in Guinea, enabling its bauxite to be shipped using giant Capesize vessels
Business
Masdar, Taaleri SolarWind II Fund launch wind farms in Poland
"This event marks a key milestone in Poland’s renewable energy journey and demonstrates Masdar’s commitment to the nation’s climate action...
- In January, both companies announced they had each acquired a 50% stake in the projects, marking their first investment in the Polish renewable energy market
- The projects produce enough electricity to supply approximately 90,000 households in Poland, and offset 146,000 tonnes of carbon dioxide each year
Science
UAE University patents virus-killing ‘electrical mask’
The backing material of the device is made of suitable flexible plastics or polymer material, which can conform to the...
- The university is looking to start marketing the patent as the next step, said Prof Ahmed Ali Murad, Associate Provost for Research.
- A second application of the device is its functionality for vaccine development.
Business
Etihad and ITA Airways sign pact
Codesharing agreement to boost travel and tourism between Italy and UAE.
- The agreement will also offer travelers more options and better connectivity when traveling through Rome Fiumicino, Milan Malpensa and Abu Dhabi.
- The partners are also working together to expand the scope of their cooperation over the coming months.
Geostrategy
As thaw sets in, Qatar and Saudi Arabia review ties
Qatar's emir Sheikh Tamim bin Hamad Al-Thani and visiting Saudi Crown Prince Mohammed bin Salman discuss ways to support and...
- This is Saudi Crown Prince's first visit to Qatar after relations were fully restored in January following a landmark summit in the Saudi desert city of Al-Ula.
- Saudi Arabia, the UAE and Bahrain cut all links with Qatar in June 2017, alleging it backed radical groups and was too close to Tehran -- allegations Doha denied.
Business
Mubadala invests in US-based Medallia
Medallia captures experience data from customers and employees.
- Medallia was founded in 2001 and is a provider of experience management software to customers.
- Mubadala was founded on 19 January 2017 and Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan is its Chairman.
Business
Dubai Financial Market announces new trading hours from 3 Jan 2022
Dubai Financial Market (DFM) has announced new trading hours from 3 January 2022. The new trading session of five hours...
- The new trading session of five hours will be between 10 AM and 3 PM from Monday to Friday.
- The new trading hours have been set in coordination with local and international market participants, DFM said.
Economy
Dubai’s carbon emissions have fallen by 22 percent in 2019
Dubai's carbon emissions have fallen by 22 percent in 2019, reflecting the efforts made by its strategic partners to support...
- Dubai Supreme Council of Energy discusses a resolution to achieve carbon neutrality by 2050.
- The meeting also discussed the implementation of a resolution to regulate district cooling services in Dubai.
Business
Ras Al Khaimah moves to regulate transporting passengers by luxury vehicles, limousines
Ras Al Khaimah has regulated the activity of transporting passengers by luxury vehicles and limousines in the emirate. Sheikh Saud...
- Ruler of Ras Al Khaimah Sheikh Saud bin Saqr Al Qasimi approved Resolution no.3 of 2021 which paved the way for this regulation.
- The move mandates Ras Al Khaimah Transport Authority to organise the activity of transporting passengers by luxury vehicles and limousines in the emirate
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IsDBI, BIBF join hands to enhance global Islamic finance expertise
MANAMA, BAHRAIN - The Bahrain Institute of Banking and Finance (BIBF) and the Islamic Development Bank Institute (IsDBI) have decided...
Business
Company News
SALIC to set up storage center
Business
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Foreign assets of Gulf central banks rise post Covid
Here are the details of how GCC countries gained in past four years in terms of foreign assets held by...
Infographics
DEWA to enhance ties with foreign firms at GITEX Global 2022
MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer received Consul-General of Canada to Dubai...
Business
UAE to launch new integrated ‘EmaraTax’ platform later this year
Dubai, UAE---The UAE Federal Tax Authority (FTA) has announced that the new "EmaraTax" integrated platform will be launched later this...
Economy
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Economy
Unemployment Insurance Scheme comes into force in UAE
The Ministry of Human Resources and Emiratization (MoHRE) of UAE announced that an 'Unemployment Insurance Scheme' for employees of the...
- The insured will be compensated with cash for a specific period of time if they lost their job until they find another employment
- The compensation will be paid monthly, calculated at 60 percent of the employee’s subscription salary.
Arts & Culture
Forum to discuss state of translation in Arab world at Cairo varsity
Riyadh, Saudi Arabia--The 10th Scientific Forum of translation themed “Time Differences between Composition and Translation in the Arab World” will...
- The forum is being held on the occasion of the awarding ceremony of the King Abdullah bin Abdulaziz International Prize for Translation.
- It aims at highlighting and advancing the effective means in supporting translation projects.
Business
QNB posts 7% rise in profit
Its net profit for the first nine months of the year was $3bn.
- QNB has been subject to hyperinflationary accounting requirements since the second quarter of 2022 for its Turkey operations
- The Doha-based lender’s operating income increased 24 percent year-on-year to $7.03 billion