US bans import of Apple Watch due to patent clash
A US import ban on certain Apple smartwatch models came into effect, after the Biden administration opted not to veto...Business Global Tech & Media
Saudi Arabia to launch 35 renewable energy projects in 2024: Minister
Riyadh, Saudi Arabia -- Saudi Ministry of Industry and Mineral Resources is set to launch nearly 35 renewable energy projects...Business
UAE and India resolve to strengthen ‘deep economic ties between the two countries’
The United Arab Emirates and India have resolved to strengthen ‘the deep economic ties between the two countries,’ while noting...Both sides recognized the collaboration between India and UAE during this difficult period and appreciated the leadership provided by the two countries
At the meeting, discussions were also held on exploring mutually beneficial methods and incentives to facilitate further investment from UAE sovereign investment entities
Iran bans LG and Samsung home appliances
The import of home appliances made by these two South Korean companies is now banned by Iran, following an apparent...Iran’s Supreme Leader Ayatollah Khamenei ordered the ban in response to a call by local producers
Their request followed Khamenei’s insistence in recent years to ramp up local production of goods and banning the import of similar products
Expo 2020 opens doors of hope for humanity
With the stunning opening of Expo 2020, the UAE has proved that it can explore the future that would open...The opening ceremony of the Expo 2020 Dubai, which represented a harmonious and impressive mixture, brought together the whole world with its various spectrums
The event started a new era of excellence and achievement for our dear country in light of the Year of the 50th amid unprecedented domestic, Arab and international media attention
Abu Dhabi lets judges work from anywhere
The move is expected to reduce the litigation time and costs and increase the rate of disposition of cases in...Abu Dhabi is now allowing judges to hear cases and render judgments from anywhere, irrespective of the geographical location of registered cases
Judges of courts in Abu Dhabi, Al Ain, and Al Dhafra are now allowed to use video-conference to hear the cases before them
OPEC’s crude oil reserves up 0.3% to 1,237 bn barrels in 2020
World’s proven crude oil reserves stood at 1,549 billion barrels in 2020, increasing by 0.2 percent from the level of...World’s proven natural gas reserves fell by 0.4 percent to 206.7 trillion standard cu m in 2020
OPEC natural gas reserves stood at 73.74 tr standard cu m in 2020, down 1.4 percent from 2019
E-Sports a billion-dollar industry in GCC
The Middle East has 25% of the worldwide gaming audience, followed by Latin America 13.9%, the Asia Pacific 9.2%, Western...The Middle East has 25% of the worldwide gaming audience, followed by Latin America 13.9%, the Asia Pacific 9.2%, Western Europe 4.8%, and North America 4%
The value of gaming in the MENA is estimated to be US$4.5 billion with over 100 million gamers in the region
Microsoft announces pricing for new Office suite
Office 365 has been renamed Microsoft 365, and will be available on Windows PCs, Apple’s Mac machines, and mobile platforms,...Microsoft 365 and Office 2021 will run on Windows 11, Windows 10, and the three latest macOS versions
A Microsoft account and an internet connection are mandatory for subscribers to access and use Microsoft 365 or Office 2021
Saudi bourse joins new emerging-markets index
The Saudi Stock Exchange will be added to its widely followed Emerging Markets Government Bond Index (EMGBI), the global index...The accession will allow the Saudi Sukuk and Debt instruments to be part of corresponding global market indicators that investors follow
This would have been made possible by the actions that the Capital Market Authority of Saudi Arabia has taken
GCC and Europe to revive free trade deal talks: EU Ambassador
The Gulf Cooperation Council and the European Union have agreed to revive free trade deal talks, according to EU Ambassador...EU countries have direct investments in Saudi Arabia worth $24.88bln
The agreement will also be part of the discussions during the upcoming visit of the European Union representative to the Gulf region
Emirates Post launches five new services
The official postal operator of the UAE made the launches during the 2021 Seamless Middle East.The new addition includes service points and parcel lockers
Through these, customers will have more flexible channels for last-mile delivery options