Bitcoin hits fresh record above $72,000
Bitcoin hit a fresh record above $72,000 on Monday as demand for the cryptocurrency picks up amid optimism that the...Business
Cryptocurrency Ether witnesses meteoric rise since launch
NEW YORK, US – Bitcoin has captured the limelight in recent weeks as it surged to a new record high, yet...Business Global Tech & Media
Iran, Indonesia to sign preferential trade agreement to boost trade
Tehran, Iran-- Less than a year after signing a preferential trade agreement (PTA) with the UAE, Indonesia will sign a...According to Indonesia's trade ministry, the treaty will lead to improvement in trade ties and scale up the trade-transaction value between the two countries
As per the PTA, products such as vegetable oil, cocoa, coffee, tea, spices, fruits, vegetables, and fish from Indonesia that are popular in Iran will be given preference
Russia’s PM to sign trade, infrastructure deals in China visit
The two countries have in recent years ramped up economic cooperation and diplomatic contacts, with their strategic partnership having only...The Russian PM will take part in a Russian-Chinese Business Forum and visit a petrochemical research institute in Shanghai
A number of sanctioned Russian tycoons, including from the key fertilizer, steel and mining sectors to take part in the forum
UAE institutional investors should focus on transition investment: NYUAD report
Abu Dhabi, UAE-- In order to advance the United Nations Social Development Goals, the UAE institutional investors should concentrate on...The participants in the workshop noted that transition investment can make a significant difference to the global economy and the MENA region
The event drew a wide array of people like asset managers, researchers and policymakers to share knowledge and best practices on unlocking large-scale investments
NEOM taps India’s Rajasthan Royals for its cricket program
NEOM, Saudi Arabia - NEOM, the futuristic city being developed in Saudi Arabia, has announced its collaboration with Rajasthan Royals,...NEOM aspires to become a pioneering sporting destination by collaborating with renowned international sports brands
With thousands of individuals already employed at NEOM, cricket has emerged as one of the most popular sports among the workforce
UAE and Malaysia agree to boost cooperation in clean energy
Kuala Lumpur, Malaysia-- The UAE and Malaysia are looking to bolster cooperation in the field of energy, in addition to...The two ministers explored collaboration on investment and development in the energy sector and ways to boost capacity of the two countries in the field of sustainable development
The visiting minister Al Mazrouei noted that the UAE is seeking to form new partnerships with allies in order to shape a better future for the coming generations
UAE signs MoU with Microsoft, PwC to set up ‘centre for digital excellence’
Dubai, UAE-- The UAE has signed a memorandum of understanding (MoU) with Microsoft and PricewaterhouseCoopers (PwC) to set up the...The centre will look to shore up government's digital transformation, enabling government authorities to benefit from the best global practices and modern technologies
The new entity will explore how advanced technologies affect government work and will also conduct research and development in digital transformation
High cost of Paris Olympics tickets draws flak from athletes
Paris, France -- Athletes have joined the clamor of criticism at the high cost of tickets for the 2024 Paris Olympics,...Of the promised one million seats at 24 euros ($26), the lowest price for next year's Olympics, nearly 150,000 went up for sale in phase two.
Three days after the launch of the second phase, sports fans were offered tickets at 690 euros and even 980 euros for athletics semi-finals.
ADNOC increases size of logistics unit’s IPO by 4% on high demand
Abu Dhabi, UAE --Abu Dhabi National Oil Company (ADNOC) Monday said it has increased by the number of shares offered...ADNOC will now offer 1.40 billion ordinary shares, equivalent to 19 percent of the Company’s total issued share capital.
Previously, the company announced that it would offer 1.10 billion shares, representing 15 percent of its total issued share capital.
Sharjah event discusses anti-money laundering practices
SHARJAH, UAE - Sharjah Economic Development Department (SEDD) organized multiple workshops for legal purposes and a number of investors and...In the workshops , the legislative frameworks for real beneficiary and combating money laundering were reviewed.
The purpose of the event is to form an ideal investment climate which supports business continuity, said an official.
Meta fined record $1.3bn over EU user data transfer to US
Meta said it was "disappointed to have been singled out" and the ruling was "flawed, unjustified and sets a dangerous...The European investigators found that Meta did not "address the risks to the fundamental rights and freedoms of data subjects".
Meta has been fined thrice this year, by European Union, for not following EU regulation over data safety on Instagram, WhatsApp, and Facebook.
