UAE to press firms with 20-49 staff to hire at least one Emirati in 2024
Dubai, UAE--The UAE's Ministry of Human Resources and Emiratisation (MoHRE) has started implementing the cabinet decision to expand the scope...Business
Maisarah leads Oman government’s successful sukuk issuance
MUSCAT, OMAN - Maisarah Islamic Banking Services, Islamic window of BankDhofar, acted as an Issue Manager for the Sovereign Sukuk...Business Banking & Finance Markets
Abu Dhabi’s IHC looks at ‘few billion dollars’ deals
International Holding Co (IHC), Abu Dhabi’s largest conglomerate, is looking at acquisitions of various companies in different sectors.IHC, now the most valuable company on the Abu Dhabi bourse with a market capitalization of $72bln, is also considering a 2022 IPO
IHC is also looking at three or four targets in the food sector, as well as eyeing targets in the healthcare and leisure and retail sectors
Qatar’s Islamic lender buys 5% stake in Al Rayan
Masraf Al Rayan, Qatar’s Islamic lender, has bought an additional 5 percent stake in Al Rayan (UK) from Qatar Holding...The Islamic lender’s shareholding in Al Rayan rises to 75 percent
This represents a purchase of 5,000,000 ordinary shares of GBP1 par value
Iran eyes Caspian Sea gas reserve for Europe supply
The exploration is being carried out by the Khazar Exploration and Production Company, or KEPCO.The Chalous Superstructure Drilling and Exploration project is expected to be completed over the next couple of years
It will apparently be the second-largest natural gas block in the Caspian Sea, just behind the Alborz structure
Oil tanker blows up in fire on Makkah-Jeddah expressway
A speeding car rammed into an oil tanker, causing the tanker to explode into a ball of fire on the...A video posted to the Makkah region’s official Twitter account showed cars driving by a raging fire stretching across the central divide of the highway
Civil Defense teams at the site eventually managed to control the fire, authorities announce soon after 2 a.m. on Tuesday
Jordanians tiff over copper mine in ‘natural reserve’
A public spat has broken out in Jordan over the decision to mine for copper in parts of the Dana...The Royal Society for the Conservation of Nature said it opposed any redrawing of the boundaries and that it would take “all legal and escalatory measures under Jordanian law”
Dana is Jordan’s largest natural reserve, covering some 320 sq km of mountains and wadis along the Great Rift Valley.
Iran to upgrade homemade Bavar 373 missile system
Iran unveiled the indigenously-designed surface-to-air Bavar 373 missile defense system in August 2019.Iran’s Deputy Defense Minister Brigadier General Mahdi Farahi made the announcement
This is a new edition that may be at the same or higher level than S400
Expo 2020 promises a productive Q4
The sale of tickets, easing of travel restrictions and positive investment projections point to a surge in economic activity in...Dubai intends to open its doors to visitors and re-establish 90 percent of its operating capacity at its airports in 2021.
66 percent of Dubai business leaders expected an improvement in business conditions in 2021 Q3, compared to 51 percent in the previous quarter.
ADNOC signs $1bn deals with eight global contractors
Agreements have been signed for concept and front-end engineering design.50 percent of project value can potentially flow back into UAE economy.
The agreements signed with eight global engineering contractors will run for five years.
Graft, security issues feed the trade in Iraq’s past
The boom in looted objects from antiquity is a real problem in Iraq, where corruption is prevalent and archaeological sites...The boom in looted objects from antiquity is a real problem in Iraq, where corruption is prevalent and archaeological sites are poorly protected
Sumerians, Assyrians and Babylonians all trod on the ancient land that is now Iraq, and that makes it a land of choice for smugglers.
Bitcoin jumps above $50,000 for first time since May
Bitcoin has been on a rollercoaster this year. After hitting $65,000 in April it tumbled below $29,000 in June, and...Bitcoin has been on a rollercoaster this year. After hitting $65,000 in April it tumbled below $29,000 in June, and is now back above $50,000
In April, PayPal-owned mobile payments service Venmo began letting users in the US buy, hold or sell cryptocurrency using its app
