Sharjah’s Sabaa Sanabel wheat gets Made in the UAE mark
SHARJAH, UAE -Â Sabaa Sanabel wheat flour, made from the wheat produced here, has become the first national product to...
Business
Geostrategy
Lebanese delegation to seek help from Syria, Jordan, Egypt
The delegation will discuss the possibility of receiving electricity from Jordan and gas from Egypt through Syrian territories.
- The delegation will include four ministers with different portfolios and some top officials from the Energy Ministry
- The date of the visit has reportedly not been set yet, but it is expected to happen very soon
Business
Abu Dhabi bourse to cut trading commissions by 50%
The Abu Dhabi Securities Exchange (ADX) has cut its trading commissions by 50%, and will extend its trading hours by...
- The trading fees will be reduced to 0.025% from 0.05% from September 1
- The trading hours extension should bring ADX into line with the operating hours of many exchanges globally
Geostrategy
Regional security in focus as Mideast leaders meet
Leaders from around the MENA region are arriving in Baghdad for a summit meant to lower tensions in the region....
- France is co-organizing the meeting to discuss security issues in the Middle East
- For Iraq, hosting the talks is seen as a significant step toward strengthening the country's position in the region
Business
Dates conference attracts top global experts
Top global experts attended the second edition of the International Dates Conference held in Qassim as part of the annual...
- The two-day conference held several sessions with the participation of 45 speakers — experts and specialists in fields
- It also discussed the international experiences in highlighting the role of the cooperative societies sector in marketing agricultural products
Business
Bahrain Bourse forms Disciplinary Appeals Board
Members of the board will be appointed following a resolution from BHB’s board, and approved by the Central Bank of...
- The board shall be responsible for investigating appeals against disciplinary resolutions issued by related parties
- This will be in compliance with Bahrain Bourse’s Business Rules and the CBB Volume 6 DRA module
Geostrategy
US, Iraq to continue security partnership
The two countries will continue to cooperate to see to it that there is no resurgence of ISIS in Iraq.
- US and Iraq discussed the role of the Middle-Eastern country in the region
- They also discussed Iraq’s ‘significant diplomatic efforts’ to bring countries together and de-escalate tensions wherever possible
Geostrategy
Vaccine inequality alarming: UN
The UN leaders released a joint statement in which they condemned what they called the ‘crisis of vaccine inequity,’ among...
- The UN leaders said the global rollout of Covid-19 vaccines was ‘progressing at two alarmingly different speeds’
- Less than 2 percent of adults are fully vaccinated in low-income countries compared to almost 50 percent in high‑income countries
Economy
Egypt’s economy capable of facing challenges: Sisi
The Egyptian president also said the country’s economy was better equipped to meet the aspirations of the Egyptian people.
- These statements come in the aftermath of Egypt’s non-oil exports increasing 22 percent in July, as compared to the same period last year
- In fact, the International Monetary Fund has already predicted that the country’s GDP would grow 5.2 percent in the current fiscal
Economy
Iran to build 3GW renewable power plants
The move is a collaboration between Iran's Power Generation, Distribution, and Transmission Company, and the Iranian Fuel Conservation Company.
- There are currently 100,000 agricultural wells in the country that use diesel to pump water
- The construction of renewable power plants would save huge amounts of fuel in addition to supporting the power grid
Business
Qatar to host its own version of Geneva Motor Show
The organizers of the Qatar Geneva International Motor Show intend the event to take place every two years.
- The first edition of Qatar Geneva International Motor Show is planned for the autumn of 2022 or 2023
- The final dates are expected to be confirmed in the coming weeks, and the full concept will be revealed during GIMS 2022
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Lebanon arrests five agents suspected of killing Syrian detainee
Shocked at the death of a Syrian detainee in custody of security officials, Lebanon has arrested five State Security agents...
Geostrategy
Broad money supply in Qatar reaches US$185.4bn in July
Social Security statements reached QR 78 million in July 2022, for 14,495 beneficiaries, recording a monthly decrease of 0.2% for...
Economy
Clean energy is key for Indonesian economy, says IEA
Indonesia has a viable path to reaching its target of net zero emissions by 2060, bringing major benefits to its...
Economy
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Economy
Saudi Arabia eyes partnerships to accelerate growth of digital economy
Saudi IT Minister, Eng. Abdullah bin Amer Al-Swaha, held meetings with his counterparts from the other countries at the Indonesian...
- Saudi IT Minister, Eng. Abdullah bin Amer Al-Swaha, held meetings with his counterparts from the other countries at the Indonesian city of Bali
- The meetings also discussed enhancing cooperation in the areas of digital economy growth, emerging technologies and the digital government
Business
Ajman Bank and Mastercard collaborate to launch Touch Card
Ajman Bank and Mastercard have partnered to launch Touch Card, a payment card that will allow blind and partially sighted...
- The Touch Card has been designed to work with point-of-sale terminals and ATMs
- Moza Al Akraf Al Suwaidi, Undersecretary of the Ministry of Community Development, said it aligns with UAE’s social and community goals to promote an inclusive environment
Economy
Number of UAE bank employees surged to 34,330 in H1 2022: CBUAE
In its June 2022 report, CBUAE noted that the number of employees in the country’s banking sector increased to 34,332...
- CBUAE report noted that the number of employees in the country’s banking sector increased to 34,332 during H1 2022
- A total of 27,545 employees work in national banks and 6,787 employees for foreign banks operating in the country