KEZAD Group, Al Ghurair Group’s APT ink lease pact to set up manufacturing facility
ABU DHABI, UAE – Khalifa Economic Zones Abu Dhabi (KEZAD Group) and Al Ghurair Group subsidiary Automotive Precision Technology (APT)...Business Global
Consulting business to boom in UAE, KSA in 2023
High growth rates in the UAE and Saudi Arabia economies are positive indicators for consultancies, says Vijay Valecha, Chief Investment...Saudi Arabia’s consulting market, rose 18.8 percent in 2021, recording the fastest growth in the region
In the United Arab Emirates, the region’s second-largest market, consulting grew 16.6 percent
Middle East witnesses increase in green M&As in 2022
With 283 deals worth $23.8 billion in the first three quarters of 2022, the region’s M&A activity has returned to...With 283 deals worth $23.8 billion in the first three quarters of 2022, the region’s M&A activity has returned to pre-pandemic levels, a BCG report has highlighted
As the focus shifts to environmental considerations, green M&A deals across the region increased from 5 percent in 2020 to 10.3 percent in 2021, the report added
Turkey raises yearly minimum wage for third time as inflation jumps
Turkey's latest economic crisis started when Erdogan -- a lifelong opponent of high interest rates -- pressured the central bank...Erdogan relied on support from the working classes to rise to power nearly two decades ago, and will need it again to secure re-election.
On Thursday the Turkish leader said the country would boost the monthly take-home pay to a minimum of 8,500 liras ($455).
BHP to face trial in UK
The firm must stand trial to face US$12 billion damages claimMore than 400,000 claimants could eventually join the compensation claim against the Australian company in London's High Court.
The 2015 tragedy unfolded after the dam in Brazil's Minas Gerais region ruptured.
GCC’s digital economy forging ahead rapidly, says Oman IT minister
Muscat, Oman - Saeed bin Hamoud Al Maawali, Omani Minister of Transport, Communications and Information Technology, has said that the...He stressed the importance of promoting cooperation between the GCC and its international partners to increase the pace of digital transformation.
He also noted the need to enhance the cooperation between the UAE and Oman in developing the digital economy infrastructure.
France fines Microsoft 60 million euros over advertising cookies
The French regulator said that after investigations it found that "when users visited this site, cookies were deposited on their...CNIL said Microsoft's search engine Bing had not set up a system allowing users to refuse cookies as simply as accepting them
Google and Facebook were sanctioned by French regulator with fines of 150 million and 60 million euros respectively for their use of cookies
UAE launches corporate tax public awareness program
ABU DHABI, UAE - UAE's Ministry of Finance (MoF) has launched a Corporate Tax Public Awareness Program following the issuance...The program has been designed to raise awareness of the UAE corporate tax law among the largest audience possible.
While the sessions are open to the public, the primary target audience includes business leaders from all sectors.
New CBUAE money laundering, terror financing guidelines for insurance sector
Abu Dhabi, UAE---The Central Bank of the UAE (CBUAE) has issued a new guidance on anti-money laundering and combatting the...Insurance operators are required to perform, document, and keep up to date an enterprise risk assessment.
They should maintain transaction monitoring systems equipped to identify patterns of activity that appear unusual and potentially suspicious.
DEWA launches construction work of Hatta Sustainable Waterfalls project
DUBAI, UAE - MD & CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer has launched the...The Hatta Sustainable Waterfalls project is unique for its innovative architectural idea.
The Hatta Sustainable Waterfalls project will use the slope of the upper dam of Hatta plant to create a natural waterfall.
US proposes $300 mn fine over huge robocall ‘scam’ campaign
The operation placed about 5.2 billion calls to more than 550 million wireless and residential phones between January and March...The Federal Communications Commission said the "auto warranty scam" campaign included "international cohorts" in Panama and Hungary
Cox and Jones, who are both from the United States, were banned from making telemarketing calls under earlier US actions
