Crypto crimes rise in GCC amid digital currency boom
The GCC is at a critical juncture, facing the dual challenge of embracing blockchain innovation while combating crypto crime, says...Business Banking & Finance
Capital One to buy Discover for US$35.3bn
Its shareholders will own 60% of the combined company.Business
Agthia appoints new CFO
Sherif Elfaham stepped into the new role on January 1, 2023.At Unilever, Sherif held various key senior roles in financial planning and analysis, supply chain optimisation, marketing transformation, and business unit regeneration
He holds a master’s degree in financial strategy from Oxford University and is a Certified Management Accountant (CMA)
Over a cuppa of coffee: Global, regional beverage brands to gather in Dubai
The Middle East and Africa coffee market is projected to grow at a CAGR of 7.5 percent between 2022 and...The Middle East and Africa coffee market is projected to grow at a CAGR of 7.5 percent between 2022 and 2027
The UAE market is expected to grow at a CAGR of 8.3 percent between between 2021 and 2027
Electric vehicles form 80% of new car sales in Norway
Electric vehicles in the Scandinavian country now account for almost four out of every five new car registrations, setting a...Norway, which is both a major producer of oil and gas, as well as a pioneer for zero-emission cars, comfortably beat the previous record of 64.5 percent set in 2021
The country aims for all  new cars to be "zero emission" -- in other words, electric and hydrogen -- by 2025.
Why did Iran stop importing rice, tea from India?Â
Speculations are rife that the decision by Tehran could have been taken in retaliation to India's suspension of the import...Iran has several alternatives for importing tea. Kenya has been selling India tea for nearly half the rate of Indian tea
In terms of numbers, Iran’s rice imports in Apr-Sept 2022 stood at $641.66m, while tea imports in the Jan-Sept period stood at $66.39m
Transport employees in Tunisia stop work citing late salary
TUNIS, TUNISIA - Tram and bus workers in the Tunisian capital staged a strike over delays in salaries and the lack...The strike is the latest in a string of similar actions as Tunisia grapples with a grinding economic crisis
The North African nation is struggling with debts of more than 100 percent of gross domestic product
Regional maritime sector event to be held in the UAE
DUBAI, UAE - Seatrade Maritime Logistics Middle East (SMLME) is set to take place from May 16 to 18 2023,...The region’s maritime sector will come together and discuss a wide range of topics concerning the industry's future.
The event’s relevance to the sector and its potential impact on the region’s economy has helped it gain the support of major industry players.
Abu Dhabi introduces Mobile BSL-3 Laboratory
ABU DHABI, UAE - Abu Dhabi Public Health Center (ADPHC) has introduced the first of its kind mobile BSL-3 (Biosafety...The BSL-3 mobile laboratory will enhance the UAE capital's infectious disease preparedness through swift, safe and accurate testing of communicable diseases.
The mobile laboratory will be accessible across four sites in Abu Dhabi.
Dubai leads Gulf region in integrating metaverse into economy, society; eyes faster GDP growth, more jobs
Through Dubai Metaverse Strategy, the emirate looks to create 40,000 virtual jobs and add $4 billion to the economy over...Dubai aims to attract more than 1,000 companies in the blockchain and metaverse fields, creating 40,000 virtual jobs, say experts
The metaverse will continue to evolve and expand over the next few years and become an increasingly important part of our daily lives, they add
Over 2m riders used public, shared transport during New Year’s Eve in Dubai
DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) confirmed that 2,166,821 riders used its public transport, shared mobility means...The figure reflects a 33 percent rise from last year’s number, which was 1,632,552 riders.
The breakdown of ridership for metro and tram were: Metro: 958,161 riders (compared to 640,175 last year), Tram: 49,855 riders (34,672 last year).
Qatar ports handle 140,000 tons of cargo in Dec 2022
Riyadh, Saudi Arabia-- The Qatar Ports Management Company (Mwani Qatar) said Sunday that it handled over 140,000 tons of cargo...Mwani Qatar said that it had received 267 cruises last December, with an increase of five percent, compared to the same period last year.
It added that 6,263 vehicles and equipment, along with 38,867 heads of cattle and 45,985 tons of building and construction materials were received.
