ADIB-Egypt introduces Shariah-compliant private banking services for HNWIs
Cairo, Egypt – ADIB-Egypt has launched its exclusive portfolio of Private Banking Services, providing a Shariah-compliant banking proposition for its high-net-worth...Business
Cerberus buys HSBC France retail
The takeover was finalized for an undisclosed amount.Company News Business
Court to help UAE combat financial crimes established
DUBAI: A court has been set up in the United Arab Emirates with a focus on combating money laundering, Dubai...UAE had earlier established the Executive Office of the Anti-Money Laundering & Countering the Financing of Terrorism.
The new court will reinforce UAE’s compliance with international anti-money laundering and law-enforcement standards, says Judge Dr. Abdullah Al Shamsi.
Saudi SMES exempted from commerce register fees
Eligible for exemption are those wishing to issue a new trade register from the financial equivalent for three years and...Startup costs for commerce fees register decreased by 96 percent for companies, according to ministry of commerce.
Decrease in commerce fee register for enterprises decreased from 33-75 percent.
Graft, security issues feed trade in Iraq’s past
Do you want to buy a more than 3,000-year-old Sumerian tablet, listed as the property of a gentleman from Sussex...The purchased antiquity may not be handed down but handed on, via smugglers and middlemen
Also, the ownership history of some such objects can be harder to prove
UAE introduces 22 new licenses under Basic Industries Project
The project promotes local industrial investment in key sectors such as medical, food, steel, cement.A total investment of AED 286 million has been reported by ADDED, IDB in the new licenses.
IDB seeks to add 50 new local industrial facilities over the next three years.
ADNOC emerging as UAE’s FDI magnet
Besides wooing $74 billion investments, the oil giant has helped the country gain the top position in the Middle East...ADNOC has set its eyes on developing green hydrogen and blue ammonia products.
The company plans to spend $122 billion between 2021 and 2025 to develop its businesses.
Ajman Chamber, China’s Dahua explore tech investment opportunities
The two discussed opportunities for cooperation to support multinational companies in the Emirate of AjmanThe two discussed opportunities for cooperation to support multinational companies in the Emirate of Ajman
Dahua is a leading Chinese tech solutions provider specialising in video surveillance products, data security, alarms, motion sensors and access control
Saudi Arabia to create million tourism jobs by 2030
Saudi Arabia has developed cultural, heritage tourism projects in more than 25 tourist destinations and eyes 100 million tourists by...Saudi Arabia has developed cultural, heritage tourism projects in more than 25 tourist destinations
By 2030, the country expects to enhance its airport capacity by 30 percent
Egypt looks to neighbors, and beyond, for power supply
In order to make sure that Egyptians get an uninterrupted supply of electricity, Egypt has taken steps to strengthen power...The ministry is studying a huge project for power linkage with Cyprus, Crete and Greece
Shaker said the launch of power projects to connect with Libya is a strategic goal for the two countries
Uber Reserve launches in Dubai
Allows riders to book rides up to 30 days in advance.The feature comes in Premium and Economy categories.
Reserve rides can be cancelled any time up to an hour ahead of the scheduled pick up time with no costs.
Shaker H1 net profit SAR 15.3m
The company attributes growth to robust sales in four quarters.H1 earnings per share improved to SAR 0.24.
The revenue grew by 18.2 percent compared to H1 2020.
