Egypt signs several MoUs with global developers in renewable energy
Cairo, Egypt--Egypt has signed seven Memoranda of Understanding (MoUs) on Wednesday in green hydrogen and renewable energy with seven global...Business
Saudi real estate sees new era of growth, innovation
The Kingdom's property sector is driven by a projected $3 trillion GDP by 2030 and evolving consumer preferences towards homes...Business
Qatar Islamic Bank owner again offers to buy Manchester United
Manchester United have received a second Qatari bid to buy the English football giants, British media reported. The reports said...Bidders were initially told they had until 2100 GMT on Wednesday to submit new offers, but reports say that has been extended.
No figures have been revealed but one or more of the initial bids were understood to be in the region of US$5.5 billion
UAE highlights food, energy insecurity at G20 Finance Track meeting
CHENNAI, INDIA - The UAE spoke on food and energy insecurity and their implications in the second Framework Working Group...The UAE delegation highlighted emerging uncertainties in the finance sector.
The delegation discussed effective ways to promote global financial stability.
EU, Germany reach deal on fossil fuel car phaseout
BRUSSELS, BELGIUM - The European Union and Germany on Saturday said they had struck a deal after a dispute over the...A landmark deal to prohibit new sales of fossil fuel cars from 2035 is key to the bloc's ambitious plan to become a "climate-neutral" economy by 2050.
Germany demanded that the EU provide assurances the law would allow the sales of new cars with combustion engines that run on synthetic fuels.
Apple enjoys ‘symbiotic’ relationship with China, Cook says
Cook, who is in China to attend the high-profile China Development Forum, said "Apple and China grew together," during an...Cook's visit comes as Apple, the world's biggest company by market value, is trying to move production out of China
The CEO has pledged to increase Apple's spending on its rural education program in China to 100 million yuan ($15 million)
Demand for green goods grows amid global trade slow down in H2 2022: UNCTAD
The market for electric cars, solar and wind energy, green hydrogen is expected to quadruple in value by 2030 to...Trade in green goods grew by four percent in the second half of 2022, reaching a record $1.9 trillion in 2022
The market for electric cars, solar and wind energy, green hydrogen is expected to quadruple by 2030 to reach $2.1 trillion
Deutsche Bank shares tank
The shares fell on the lender's rising cost of default cover.The lender's shares tanked more than 14 percent on the Frankfurt Stock Exchange in early trade
German Chancellor Olaf Scholz said the European banking system was "stable", with strict rules and regulations
Qatar’s GTA extends deadline for filing of income tax returns
Doha, Qatar--Qatar's General Tax Authority (GTA) has extended the deadline for submitting the tax return for 2022 for all entities...The GTA however has excluded companies operating in petroleum operations and petrochemical industries, besides taxpayers who have accounting periods different from the tax year
The authority maintained that it has always emphasized the principle of tax compliance, stressing the importance of the commitment of all firms to submitting tax returns on time
Greece, Italy to discuss rail ‘restart’ after tragedy: PM
Following last month's rail tragedy, Greece's prime minister said that he would discuss with Italy safety improvements on Geek trains...The prime minister said that his Italian counterpart Giorgia Meloni accepted an invitation to talks in Athens before the Greek general election in May
Late last month, two trains collided head-on after running on the same track for several kilometers (miles), killing 57 people
Dubai World Cup: 129 horses compete for $30.5m prize money
Dubai, UAE -- The 27th Dubai World Cup, which begins on Saturday at the Meydan Racecourse, will see a total...The World Cup, which begins on Saturday at Meydan Racecourse, will see horses from 13 countries in the contest.
The Meydan Racecourse, in partnership with leading auction house Goffs, hosted the second Dubai Breeze-Up Sale on 21 March.
Abu Dhabi Securities Exchange appoints Emirates NBD Capital as custodian
ABU DHABI, UAE - Abu Dhabi Securities Exchange (ADX) has appointed Emirates NBD Capital as a custodian.Emirates NBD Capital obtained...Emirates NBD Capital obtained its custody licence from the UAE Securities and Commodities Authority.
The firm provides safe and secure solutions for investors to hold securities, such as stocks, bonds or other assets.
