ADGM’s Registration Authority fines two firms for audit failings
ABU DHABI, UAE – The Registration Authority (RA) of Abu Dhabi Global Market has fined Baker Tilly Middle East Limited...Business Geostrategy
Asian markets up, Tokyo hits record as US tech earnings jump
Hong Kong, China - Asian markets rose on Thursday, with Tokyo's benchmark index posting a record high after greater-than-expected earnings from...Business
Tourism in Iraq can be a success, says First Deputy Speaker of Parliament
BAGHDAD, IRAQ - First Deputy Speaker of Parliament Mohsen Al-Mandalawi said that the tourism sector in Iraq has all the...Tourism in Iraq can be successful, says First Deputy Speaker of Parliament.
The First Deputy Speaker met with the Association of Travel and Tourism Companies in Iraq.
Italy PM Meloni in Libya to discuss energy, migration
Italian Prime Minister Giorgia Meloni arrived in the Libyan capital Tripoli for talks on energy and migration, Libyan state media...Libya and Italy are key trade partners, particularly in energy, where Italian giant Eni plays a major role in tapping into Africa's largest known oil reserves.
Meloni was accompanied by Eni chief Claudio Descalzi, who is expected to sign a deal with Libya's National Oil Company.
DEWA’s virtual employee ‘Rammas’ responds to over 6.8mn enquiries since 2017
DUBAI, UAE - Dubai Electricity and Water Authority’s ( ) virtual employee ‘Rammas’, which uses Artificial Intelligence (AI), answered over...DEWA CEO said the firm launched Rammas as part of its strategy to employ AI in all its operations and services.
Rammas encourages the use of smart channels, reduces the number of visits to DEWA’s Customer Happiness Centers.
Saudi Arabia signs two MoUs at Riyadh Global Medical Biotech Summit
Riyadh, Saudi Arabia--The Saudi Ministry of Investment has signed two memorandums of understanding with Boehringer Ingelheim Company and Saudi Novo...The two agreements are aimed at enhancing joint cooperation with the biotechnology and medicine sector in the Kingdom
The Ministry of Investment is a strategic partner to Riyadh Global Medical Biotechnology Summit 2023
Saudi TASI shines as UAE stocks give lackluster performance
Shored up by healthcare, financial services, banking sector, and raw material companies, the Saudi equities posted gains throughout the weeks.Saudi Arabia's TASI continued its outstanding performance during the week, as it rose during the five trading days and ended its week on Thursday higher
Losses in the industrial and real estate sectors weighed on the main index in Dubai
India’s Adani Group stocks loses US$45bn over fraud claims
Continuing with this week's losses to $45 billion after a US investment firm claimed it had committed "brazen" corporate fraud,...Adani Enterprises plunged nearly 20 percent over the day's trade in Mumbai, briefly triggering an automatic trading halt, before recovering slightly
Adani -- who now has an estimated fortune of $96.6 billion -- is considered a close supporter of Prime Minister Narendra Modi
MoU signed to establish Arab Digital Foodstuff Market
Abu Dhabi, UAE - As part of the pan-Arab efforts to implement the joint Arab digital economy vision, launched by...Ahmed Abu Al Gheit, Secretary General of the League of Arab States; and Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade were present during the signing.
Members of the Executive Office of the Specialised Arab Federations Forum (SAFF) were also present during the meeting.
Iraq loses 7500MW as Iran slashes gas exports to Baghdad
Baghdad, Iraq - Iraq's Minister of Electricity, Ziyad Ali Fadel said the national grid has lost 7,500 megawatts in the...Minister of Electricity Ziyad Ali Fadel said the MoU signed with Siemens will lead to the establishment of a station with a capacity of 400MW in Karbala.
He said the supply will improve by 30 percent in 12 days as gas supplies return to nomral.
Qatar, Morocco stress cooperation at free trade agreement talks
The second round is a continuation of the first round negotiations, which were organized in Rabat, Morocco, in November 2022During the meeting, the two sides stressed the importance of concluding the agreement,
The Moroccan delegation was headed by Director General of Trade at the Moroccan Ministry of Industry and Trade Abdelouahed Rahal.
Abu Dhabi customs to clear goods for non-residents, outside firms
Abu Dhabi, UAE– The General Administration of Abu Dhabi Customs has announced the provision for the possibility of clearing goods...This move aims to facilitate customer experience, reduce effort and time, and provide digital customs services in accordance with international best practices.
The new feature allows non-resident individuals to clear their personal goods by creating a UAE Pass account through their passports.
