Dubai approves rise in energy, water efficiency programs
DUBAI, UAE – Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 81st...Business Economy Energy Geostrategy
Iran signs deals worth US$13bn to boost oil production
The oil ministry and Iranian businesses signed deals worth $13 billion to increase daily oil production in six major fields....Business
Iraqi president presses for closer trade and energy ties with Iran
Baghdad, Iraq-- Iraqi President Abdul Latif Rashid has emphasized the need for reinforcing partnership with Iran in the fields of...Iraq's president highlighted the importance of forging closer ties with Iran in a meeting with an Iranian delegation visiting Baghdad
He applauded Iran for the restoration of ties with countries in the Middle East and the resumption of diplomatic relations with Saudi Arabia
Egypt to pour US$1.8bn into offshore gas exploration program
Vienna, Austria-- Egypt plans to drill new gas wells in the Mediterranean Sea and the Nile Delta as part of...According to its petroleum minister, Egypt will develop fields in the Mediterranean Sea, Nile Delta, and Western Desert to boost its production capacity
The offshore exploration involves companies such as Eni, Chevron, ExxonMobil, Shell and BP, aiming to drill 35 exploratory gas wells until July 2025
Libyan army commander warns of action over unequal oil revenue
Crude is the main revenue source for Libya, which has been torn by more than a decade of stop-start conflict,...Khalifa Haftar, military head of Libyan eastern command, said "a deadline at the end of August for this committee to complete its mission".
Haftar said a committee must be established "to put in place financial arrangements with a view to fair management of public funds" and oil revenues
Twitter undergoes complex changes as Meta all set to unveil rival app
PARIS, FRANCE- Elon Musk spent the weekend further alienating Twitter users with more drastic changes to the social media giant, and...Since buying Twitter last year for $44 billion, Musk has fired thousands of employees and charged users $8 a month to have a blue checkmark.
Zuckerberg's Meta group, which owns Facebook, has listed a new app in stores as "Threads, an Instagram app", available for pre-order in the United States.
AllianceBernstein office in DIFC
DIFC provides a platform for AB to expand its wings.AB is the latest of an influx of global asset management firms to open regional offices in DIFC.
The premises will give investors across the region, including institutional clients, distribution partners.
Dubai Chamber, Mastercard unveil cyber security program for companies
Dubai, UAE - A program that enables companies to access innovative and affordable cybersecurity solutions was introduced at a workshop...The online session attracted more than 80 attendees and was conducted in partnership with Dubai Police and Mastercard.
Guest speakers from Dubai Police and Mastercard provided insights into local and global cybersecurity breaches.
Twitter restricts ‘TweetDeck’ to verified users from August
Paris, France - Twitter has announced that TweetDeck, a popular program that allows users to monitor several accounts at once, will...TweetDeck, launched more than a decade ago, shows messages in columns and its search and posting functions operate differently to the website or the app
Twitter bought London-based TweetDeck in 2011, with technology media putting the price tag at $40 million at the time
Meet EU ‘gatekeeper’ definition, say seven tech giants
BRUSSELS, BELGIUM -  Seven tech giants, including Amazon and Apple, have informed the European Union they meet the threshold to come...The firms are Google parent Alphabet, Amazon, Apple, TikTok owner ByteDance, Facebook umbrella Meta, Microsoft and Samsung.
The firms stated they had revenue and user figures big enough to be classed as "gatekeepers", EU internal market commissioner Thierry Breton said.
Subscription opens to Alinma EMF
The subscription is open for 60 days until Aug 31.The offering targets collecting SAR 187.5 million (about $50 million) in subscriptions.
The fund will start operations on Sept. 14, or earlier if the minimum capital requirement of SAR 37.5 million is met.
Saudi Catering, RSG ink pacts
The contracts are valid for 20 years, said Saudi Catering.The first contract includes the design, building, operation and transfer of a central laundry to serve hotels, resorts as well as other facilities.
The second contract includes the design, building, operation and transfer of a central production unit for catering and facilities management services.
