Top U.S. stock indices drop for third consecutive day on Wednesday
The S&P 500 dropped for a fourth consecutive session on Wednesday, as Nvidia and other struggling technology names put downward...Business
Tehran, Baghdad to launch maritime passenger transport line
TEHRAN, IRAN – Iran and Iraq will launch the first maritime passenger transport line within the next two months, an...Business Geostrategy Tourism
Al Saqr names chairman of board
The insurance firm made a slew of new appointments.Saud Saleh Al-Arifi, an independent member, will be the new chairman of the board of directors
The company named Naif Rashed Alarfaj, also an independent member, as new vice chairman
South Korea posts 32% jump in export of eco-friendly vehicles
Seoul, South Korea--South Korea's exports of eco-friendly vehicles surged 32.5 percent year-on-year to a record high during the first 11...According to the Korea Automobile and Mobility Association, the export of automobiles came to 662,307 units during the January-November period
The export volume of eco-friendly cars last year reached a record high of 554,000, and the value also hit an all-time high of US$1.61 million
FTA issues guide to determine natural persons subject to corporate tax
ABU DHABI, UAE - The Federal Tax Authority (FTA) has issued a new guide outlining the criteria to determine natural...The guide provides a comprehensive and simplified explanation and instructions for natural persons earning in the UAE.
The FTA emphasized the importance of understanding the comprehensive content and definitions outlined in the guide.
Artists utilize technology against AI copycats
NEW YORK, US - Artists under siege by artificial intelligence (AI) that studies their work, then replicates their styles, have teamed...Created in just four months, Glaze spun off technology used to disrupt facial recognition systems.
Glaze essentially outthinks AI models when it comes to how they train, tweaking pixels in ways indiscernible by human viewers
Hamriyah, Deira ports report $3.30bn in customs declaration
Dubai, UAE -- Hamriyah and Deira ports have reported 62,454 customs declarations, totaling AED 12.133 billion ($3.30 billion), with 19...Khor Customs Centre and Deira Port successfully prevented an attempt to smuggle 243 kilograms of narcotics into the country.
An advanced container X-ray inspection device, supporting increased inspection operations, is operational at te Hamriyah Port Customs Centre.
Oman to expand production of green hydrogen to boost non-oil economy
Hong Kong - The government of Oman’s targets to expand local green hydrogen production could support key credit metrics, such as...The government aims to raise renewable energy-based hydrogen production to at least one million metric tonnes (mt)/year by 2030.
Local state-owned enterprise Hydrogen Oman (Hydrom) signed six investment agreements, worth over US$38 billion, with partners in 2023.
SFD-financed Arkiz Agricultural Project in Mauritania inaugurated
Dubai, UAE -- The Arkiz Agricultural Project in Mauritania, which has been financed by the Saudi Fund for Development (SFD)...The project will improve the efficiency of Mauritania's water, irrigation and drainage facilities, while delivering agricultural equipment and potable water to farmers.
Since 1979, the fund has contributed toward 20 development projects in Mauritania, at a value of over $665 million.
$661m plot of land among weeklong real estate deals in Dubai
The emirate recorded a total of 3,785 real estate transactions worth AED 16.6bn ($4.51 billion) during the week ending 22...The sum of the amount of mortgaged properties for the week was 2.29bn, with the highest being a land in Al Safouh Second, mortgaged for AED 509.2 million.
A total of 216 plots were sold for AED 4.91bn 2,729 apartments and villas were sold for AED 7.49bn. A total of 257 properties were granted between first-degree relatives.
Export Bahrain and HKTDC sign agreement to ramp up trade ties
Manama, Bahrain--Export Bahrain and Hong Kong Trade Development Council (HKTDC) have signed a strategic partnership agreement to strengthen trade ties...The agreement between the two sides looks to foster mutually beneficial trade and economic cooperation
As per the dea, both sides will facilitate access to a wide range of opportunities for enterprises in both countries
ESG and sustainability redefine UAE financial markets
"The UAE's success in establishing a fully regulated carbon market, integrating carbon regulation to manage and trade emissions effectively, providing...Nadim Najjar of LSEG highlights UAE's commitment to net-zero emissions and sustainable practices.
Strategic alliance between ADX and LSEG exemplifies a commitment to sustainability, he adds.
