UAE, Hungary ink pact to enhance trade, investment ties
ABU DHABI, UAE – The United Arab Emirates and Hungary have signed an economic cooperation agreement aimed at stimulating trade...Business Economy Geostrategy
Inditex posts record net profit
Inditex, the world's biggest fashion retailer, is owned by Zara.Company News Business
Rise of AI voice scams causes alarm in the US
The biggest peril of Artificial Intelligence, experts say, is its ability to demolish the boundaries between reality and fiction, handing...In a global survey of 7,000 people from nine countries, including the United States, one in four people said they had experienced an AI voice cloning scam
US officials have warned of a rise in "grandparent scam" -– where an imposter poses as a grandchild in urgent need of money in a distressful situation
Iran-Turkey trade to hit US$15bn on back of private sector cooperation
Tehran, Iran-- Bilateral trade between Iran and Turkey is expected to vault to US$15 billion by 2025 on the back...According to the Iranian Customs Authority, the bilateral annual trade between the two countries touched US$13.58 billion up to late March 2023
During the last financial year, Turkey rose to become the third largest customer of Iranian non-oil exports, with some US$7.45 billon worth of purchases
HFZA inks deal with Infinite Mining & Energy to build oil refinery
Sharjah, UAE--The Hamriyah Free Zone Authority (HFZA) has signed a deal with Infinite Mining and Energy to set up a...UBS set to complete its takeover of Credit Suisse today
The coming months are likely to be "bumpy", warned UBS chief Sergio Ermotti on Friday, adding the integration will come...The merger of Switzerland's two biggest banks will be complex both technically and politically, resulting in a megabank unlike the Swiss have ever seen
"If the takeover by UBS hadn't succeeded, there would have been an international financial crisis", said Thomas Jordan, chairman of the Swiss National Bank
SEWA holds talks with US consulate to promote innovation for energy solutions
Sharjah, UAE-- The Sharjah Electricity Water and Gas Authority (SEWA) has held talks with a US consulate-general delegation to explore...The meeting also touched upon SEWA's initiatives to bring down carbon emissions and fight climate change, besides discussing the upcoming COP28 conference
The two sides also explored potential partnerships between SEWA and American companies in innovation and sustainable development
UAE-Turkey partnership has scaled new heights: Al Marri
Abu Dhabi, UAE-- With the signing of the Comprehensive Economic Partnership Agreement (CEPA), the UAE exporters are expected to benefit...The CEPA agreement between the two countries is expected to start a new era of ties, stimulating trade, increasing investment flow, and creating jobs
The non-oil bilateral trade is expected to increase to US$40 billion annually in five years, and at the same time create 25,000 new jobs by 2031
Arab-China summit sees $10bn deals on first day
Investment agreements between the two sides covered diverse sectors such as technology, renewables, agriculture, real estate, minerals, supply chains, tourism,...Investment agreements between the two sides covered diverse sectors such as technology, renewables, agriculture, real estate, minerals, supply chains, tourism, and healthcare
The MoU between the Saudi Ministry of Environment and the Beijing Institute of Genomics aims to enhance food security and environmental protection in Saudi Arabia
RTA signs strategic partnership agreement with Al-Futtaim Automotive
DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) has signed a strategic partnership agreement with Al-Futtaim Automotive to deploy...The agreement will support RTA's sustainable transport network and the Zero-Emissions Public Transportation in Dubai 2050 strategy.
Al-Futtaim Automotive will also provide assistance for building the Authority’s electric charging technology and infrastructure.
SEWA, US delegation explore collaboration in innovation, sustainability
Sharjah, UAE - Abdullah Abdul Rahman Al Shamsi, Director-General of SEWA Sunday discussed the authority's initiatives to reduce emissions and...The two discussed the authority's initiatives to reduce carbon emissions and combat climate change and its vision for the upcoming COP28 conference.
They also explored potential collaborations between the authority and American companies in innovation and sustainable development.
George Soros hands over control of his $25bn empire to son Alexander
Billionaire investor George Soros had handed over control of his US$25 billion empire to his younger son Alexander Soros -...Alexander Soros recently met with Biden administration officials, Senate Majority Leader Chuck Schumer, and heads of state.
The younger Soros is the only family member on the investment committee overseeing Soros Fund Management.
