Bullish Bitcoin: Halving looms, miners face squeeze
Bitcoin’s mass adoption is growing and projected in the next four years to have around 1 billion users.Business
GCC telecom firms turn to Europe, Asia for expansion
Wielding piles of cash and cutting-edge technology, many Arab telecom firms are scouting overseas markets to expand business beyond home...Business
UAE passport strongest in GCC, 16th in global ranking
The United Arab Emirates is followed by Qatar (60), Kuwait (61), Bahrain (69) and Oman (71) on the Henley Passport...The United Arab Emirates is followed by Qatar (60), Kuwait (61), Bahrain (69) and Oman (71) on the Henley Passport Index
The Henley & Partners' list is one of many that rank passports based on their ability to provide access to their citizens
Gulf International Bank closes $625million sustainability-linked syndicated loan
Gulf International Bank (GIB) said on Sunday that it has closed a $625 million sustainability-linked syndicated loan (SLL), making it...The deal makes it the first majority Saudi-owned bank to close such a facility.
The deal was oversubscribed by more than two times with $1 billion commitments from 20 global investors.
Turkish fires endanger world pine honey supplies
Turkey’s pine honey harvests — especially in the Mugla region — were already suffering from drought when the wildfires hit....Turkey as a whole makes 92 percent of the world’s thick, dark pine honey
The Mugla region, where 80 percent of Turkey’s pine honey is produced, has been ravaged by fire and floods
KSA, UAE lead GCC in maritime trade
Saudi Arabia is planning to invest US$36bn in logistics and aims to become a regional hub for the shipping sector,...Saudi Arabia is planning to invest US$36bn in logistics and aims to become a regional hub for the shipping sector, a position enjoyed by the UAE for many years
The UAE has 10 major ports followed by Saudi Arabia (9), Qatar, Oman and Bahrain (5 each) and Kuwait (3)
Egypt’s pavilion at Expo 2020 draws 50,000 visitors in the first week
More than 50,000 visitors have been to Egypt’s pavilion at Expo 2020 during the first week of the gala event...Egypt’s industry and trade minister: Turnout meant the pavilion was one of most attractive for visitors
Interactive displays show the developments that Egypt is witnessing in all fields
Jordan dedicates pavilion at Expo 2020 to youth of the country
The creativity of Jordanian youth was celebrated with the opening of the country’s pavilion at Expo 2020 Dubai.The displays were built by young people from Jordan
The ceremony was attended by Jordanian, Arab and foreign officials and community members
Evorra secures pre-seed investment
Investors include Area Tech Holdings and FirstPartyCapital.The funds will be used to finalize Evorra's B2B SaaS audience marketplace.
Evorra offers a solution to the death of third-party cookies so that brands can be custodians of their customer’s marketing data.
UK and Gulf nations negotiate trade deal
"It brings me great joy and pleasure to officially announce the official launch of FTA negotiations between GCC countries and...The UK already enjoys strong economic links with the nations of the GCC, comprised of Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, Kuwait and Oman
Trade between the UK and the Gulf nations topped 30 billion pounds ($41 billion) in 2020, according to the British government
Facebook says some users struggling to access its services
Facebook did not provide details on the cause or scope of the problems, which caused users to flock to Twitter...Facebook did not provide details on the cause or scope of the problems, which caused users to flock to Twitter to voice frustration
Hundreds of millions of people were unable to access Facebook, Instagram or WhatsApp for more than six hours on Monday
GDP of Arab economies down 3.8 percent: World Bank
The region’s average real GDP per capita is forecast to increase by only 1.1 percent in 2021 after declining an...Thirteen out of 16 countries in the region will have lower standards of living in 2021 than their pre-Covid levels.
Pandemic losses are calculated by comparing where the region’s GDP would have been if the pandemic had not hit, the bank said.
