Asian stocks rise on US gains ahead of key China policy meeting
Hong Kong, China - Asian markets mostly rose Monday following US gains and ahead of a Chinese legislative session where Beijing's...Business
Iran signs big contracts to increase oil production
Iran sealed contracts worth billions of dollars with domestic companies to boost its oil production in the face of Western...Business Economy Energy
Aldar, IHC, ADNEC merge joint businesses
Eltizam Asset Management Group will also join Aldar Estates platform.Under the agreement, IHC and ADNEC Group, a subsidiary of ADQ, will become strategic shareholders in Aldar Estates.
Aldar Properties will retain a majority stake and maintain control over the combined platform.
Facebook owner Meta to launch Twitter-like ‘Threads’ app
Thread's launch comes after a period of uncertainty at Twitter since Tesla owner Elon Musk took over in October, with...Listed as "Threads, an Instagram app," the new program should be available in the coming days, and is described on Apple's app store as "Instagram's text-based conversation app"
Threads is where communities come together to discuss everything from the topics you care about today to what'll be trending tomorrow," says the app's description on the store
UAE’s financial advisory market to touch US$239 billion in 2023
Dubai, UAE--The UAE's financial advisory market is expected to reach a market volume of nearly $239 billion by the end...In 2023, assets under management in the UAE's wealth management market are forecast to cross US$255 billion, according to data
According to industry analysts, some 4,500 millionaires will shift to the UAE and take residence in the country on a permanent basis
Saudi Arabia’s Al-Ettifaq hires former Liverpool star Steven Gerrard as coach
Riyadh, Saudi Arabia--Former Liverpool captain Steven Gerrard is the latest star name to make the move to Saudi Arabia after...Gerrard who was sacked by Aston Villa in October had initially rejected an offer to move to the kingdom, but eventually was lured by the riches on offer
The Saudi Pro League supported by the kingdom's sovereign wealth fund has lured big names from the major European leagues with the promise of huge salaries
UAE cabinet sets up ministry of investment, approves new strategies
The new ministry will bolster the UAE's business aims and investment policies, apart from promoting its infrastructure as a global...The cabinet approved the updated UAE National Energy Strategy, aiming to triple the contribution of the renewable energy over the next 7 years
It also approved the National Hydrogen Strategy which aims to promote the UAE’s position as a producer and exporter of low-emission hydrogen
Tesco picks new chairman
Gerry Murphy is new chairperson of Britain's biggest retailer.Tesco had announced in May that John Allan would leave after media allegations over his conduct towards women
Media reported that Allan faces "claims of inappropriate and unprofessional behavior" from four women
China to restrict export of semiconductor making materials
BEIJING, CHINA - China said on Monday it would slap export controls on two rare metals essential for the manufacture of...Exports of gallium and germanium, of which China is a major producer, will require a license from August 1, said a Chinese guideline
China accounted for 80 percent of global gallium production, according to a 2020 report by the European Commission
RAKEZ inks MoU with ICFA to foster trade in food, agriculture
RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) and the Indian Chamber of Food and Agriculture (ICFA)...This alliance seeks to create opportunities for knowledge exchange, trade promotion, investment, and research and development collaboration.
The agreement is set to facilitate promotional activities for trade, market access, and business matchmaking opportunities between UAE and India.
Google to add seven new features for Google Chat
WASHINGTON, US- Google revealed seven new features to be added to Google Chat, a communication and collaboration tool, to enhance...One of the standout features coming to Google Chat is "Smart Compose," a familiar function from Gmail.
Smart Compose offers auto-complete suggestions while typing, allowing users to swiftly complete sentences by swiping or pressing the tab key.
Dubai records $381 million in real estate transactions
Dubai, UAE -- Dubai's real estate market recorded deals worth AED1.4 billion on Monday, according to Dubai Land Department.The deals...The deals included 495 sales transactions worth AED1.15 billion on Friday, in addition to 79 mortgage deals totaling AED 297.58 million.
The sales included 467 villas and apartments worth AED938.02 million, and 28 land plots worth AED208.93 million.
