EU to tell big tech firms to curb election risks or face fines
BRUSSELS, BELGIUM – The EU will put more pressure on the most popular online platforms, like X and TikTok, to tackle...Business Geostrategy Tech & Media
Eurozone business activity stabilizes in March
Brussels, Belgium - Business activity in the eurozone stabilized in March thanks largely to a "modest recovery" in the service sector,...Business Economy
Egypt energy-saving measures evoke satirical reaction among citizens
Sweltering without air conditioning during the day and plunged into darkness at night, many Egyptians have responded with anger and...After 11 days of daily blackouts, Prime Minister Mostafa Madbouli ordered civil servants to work from home once a week.
He announced scheduled power outages at least through August, and proposed other solutions to Egypt's energy crisis.
UAE finance ministry unveils new corporate taxation rules
ABU DHABI, UAE - The UAE Ministry of Finance (MoF) on Saturday announced administrative penalties for violations related to the...The penalties will be imposed on Taxable Persons, whether an individual or a legal entity, who do not comply with their obligations.
Penalties also apply in cases of failing to properly keep records or submitting the required records and other information specified in the Tax Law.
Seventh Al Dhaid Date Festival witnesses huge turnout
SHARJAH, UAE – The seventh edition of Al Dhaid Date Festival continues to captivate participants and visitors alike, in a...The event has been organized by the Sharjah Chamber of Commerce and Industry and is hosted at Expo Al Dhaid.
The date festival has also attracted various official delegations and representatives from government institutions.
UAE is fourth biggest market for Indian spices
NEW DELHI, INDIA -Â The UAE ranked fourth in the world among the top 12 markets for Indian spices in...World Spice Congress 2023 is being organized on the sidelines of the G20 Summit to be held in New Delhi in September.
India produces 75 spices out of the 109 varieties listed by the International Organization for Standardization (ISO).
Waha Capital H1 2023 profit up 221%Â
The company's total operating income was $135m.The company recorded total operating income of $135 million in the first six months of 2023
Its total assets under management (AUM) stood at $2.43 billion at the end of June 2023
Larsen & Toubro to collaborate with banks in the Middle East
Dubai, UAE - Larsen & Toubro (L&T), a Mumbai-based Indian company, has announced plans to collaborate with banks in the...The primary objective of this tie-up is not to seek financing for projects, as L&T will continue to self-finance its project execution in the Middle East
By partnering with regional banks, L&T aims to build strong relationships in the Middle East and ensure smoother project operations
GAFTA imports from Jordan shoot up 16.6% to US$1.60bn
Amman, Jordan-- Exports to Greater Arab Free Trade Area (GAFTA) countries from Jordan increased 16.6%, amounting to $1.60 billion, compared...The value of Jordan's imports from GAFTA recorded a 13.8 percent drop during the January-May period of 2023 to $2.69 billion
The kingdom's trade balance deficit with the GAFTA countries dopped at the end of May this year to about US$1.08 billion
Jordan’s exports to EU climb 23.4% to US$192m in first five months of 2023
Amman, Jordan--Jordan's exports to the European Union (EU) shot up 23.4 per cent during the first five months of 2023...The value of the kingdom's imports from the EU during the first five months of 2023 rose 3.6 per cent to $1.66 billion
Germany topped the list of countries from which Jordan imports, with the value of import climbing to $356 million
COP28 president urges G20 to take lead role on climate action
Speaking at G20 Climate Sustainability Ministerial Meeting in India, Dr. Sultan Al Jaber said G20 makes up some 85 percent...He urged all to demonstrate commitment to the UN Secretary General’s Climate Solidarity Pact and Acceleration Agenda
The upcoming COP28 will be the first edition of the conference to explicitly link climate impacts to global health
Black Cobra signs MoU with OSTIM
The Abu Dhabi firm will push for growth in the defense sector.The MoU will seek to create opportunities for growth and innovation in the aerospace and defense sectors
The agreement between the two corresponds with the UAE's vision to boost bilateral relations with Turkey
