Bahrain and France sign MoU to boost tourism education
Lyon, France--Vatel Hotel and Tourism Business School Bahrain signed a memorandum of understanding (MoU) with EKLYA School of Business in...Business Tourism
Saudi Arabia takes part in global mineral and mining meet in Canada
RIYADH, SAUDI ARABIA – A delegation comprising several entities from the Kingdom’s industry and mineral resources' system participated in PDAC...Business Economy Geostrategy Global
Sudanese pound stays strong despite ongoing conflict
Dr Gharaibeh attributes Sudan's monetary stability to the localized conflict in Khartoum and increased reliance on local investment, compensating for...Dr. Omar Khlaif Gharaibeh identifies localized conflict and reliance on local investment as key factors in maintaining currency stability
Central Bank of Sudan's role in bolstering confidence in the banking sector is also crucial, adds the Al Al-Bayt University's Associate Professor
DEWA develops gateway connecting terrestrial sensors to satellites
Dubai, UAE -- Dubai Electricity and Water Authority (DEWA) has developed an in-house, versatile gateway that can connect terrestrial sensors...The gateway was developed by DEWA's Research and Development (R&D) Centre as part of the Space-D program.
The device complies with international IoT device security standards, including OT security, the statement reads.
Iran makes US$54 billion in revenue from export of oil in 2022
Tehran, Iran-- Iran has earned revenue to the tune of $54 billion last year from the export of oil, according...According to the estimate, Saudi Arabia earned the highest net oil export revenue among OPEC members in 2022, standing at $311 billion
Iraq came second at $131 billion, followed by the United Arab Emirates with $119 billion, and Kuwait came fourth at $98 billion
In AI tussle, Twitter restricts number of posts users can read
The decision was made "to address extreme levels of data scraping" and "system manipulation" by third-party platforms, Musk said in...In the wake of Elon Musk's announcement, "goodbye Twitter" was a trending topic in the United States
The day before, he had announced that it would no longer be possible to read tweets on the site without an account
DFM adds new investor accounts
The brokerage firms added 26,953 new accounts in H1.The new investor accounts at the bourse climbed more than 48 percent during the first five months of this year as against 18,204 last year
Since the listing of companies such as DEWA, TECOM Group and many others, the market has witnessed significant momentum
Jordan medical, pharmaceutical exports see 30% growth in first 5 months of 2023
AMMAN, JORDAN Â -Â The pharmaceutical and medical supplies sector of Jordan has experienced an impressive 29.7 percent growth in exports...Jordan's exports from the pharmaceutical, medical supplies sector for the first five months of 2023 reached approximately US$375 million.
The growth has been possible due to regularization, recovery of supply chains, and uninterrupted supply of raw materials and production inputs.
Botswana inks new deal with De Beers
GABORONE, BOTSWANA -  Botswana has reached an eleventh-hour deal with diamond giant De Beers after months of tense negotiations that saw...The agreement provides for a new 10-year agreement to sell the rough diamonds produced by Debswana.
Debswana is a JV equally owned by the government and De Beers - and a 25-year extension of its mining licenses.
Masdar investing $1.26bn in British battery storage
London, UK - Masdar, the UAE’s renewable energy company, has committed to invest £1 billion in British battery storage, following...Masdar has partnered with Octopus Energy to license its technology platform, Kraken, to manage its battery portfolio at low cost and with maximum efficiency
The company owns stakes in London Array, one of the world’s largest offshore wind farms, and Hywind Scotland, the world’s first commercial-scale floating wind farm
UAE, Armenia non-oil trade reaches $1.53bn in 2022
Yerevan, Armenia – Non-oil trade volume between the UAE and Armenia reached $1.53 billion in 2022, with a growth rate...The UAE is the top trading partner for Armenia in the GCC in 2021, accounting for 90 percent of Armenia's total trade with GCC countries
The total UAE non-oil exports to Armenia amounted to almost $229 million in 2022, with a growth rate of 245 percent compared to 2021
France, UAE share vision to shift towards clean energy
PARIS, FRANCE - French Minister of Foreign Trade Olivier Becht said his country and the UAE share a common vision...The UAE and his country are working together on low-carbon energy solutions, the French minister said.
The minister highlighted the rising number of natural disasters globally caused by climate change.
