Lebanon judge charges Nissan employees for allegedly stealing Ghosn documents
BEIRUT, LEBANON - A Lebanese judge has charged four Nissan employees with the theft of documents and devices from the Beirut...Business Geostrategy
MENA startups optimistic despite funding fluctuations
In January 2024, MENA startup funding dropped 34% to US$ 86.5 million across 33 deals, with the UAE leading, followed...Business Markets
Dubai Health Authority wins International Data Corporation award
DUBAI, UAE - The Dubai Health Authority recently won the 'Best in Future of Operations' category at the International Data...DHA was recognized as an entity that has successfully rethought the ways in which its operations are managed keeping digital transformation in mind.
IDC hosted over 200 senior IT and business leaders from across the UAE for the IDC DX Forum 2022.
Musabbeh Al Kaabi to join ADNOC
Al Kaabi is the CEO of Mubadala's UAE Investment platform.ADNOC's new Low Carbon Solutions & International Growth vertical will be focused on new energies and low carbon solutions.
Prior to the UAE Investments Platform role, Musabbeh was CEO of the Petroleum & Petrochemicals platform from 2017 to 2020.
Oil rises as China eases Covid restrictions, Russia price cap
World oil prices rallied after more easing of Covid containment measures in China and as a price cap on Russian...In currency trading, the dollar was mixed against its main rivals.
The Kremlin insisted the cap would not affect Russia's military campaign in Ukraine.
Glencore to pay US$180m
Payment for settling graft claims against firm in DR Congo.The settlement with DRC is related to investigations by the country's authorities and the US Department of Justice, Glencore said.
Glencore disclosed in 2018 that the US Justice Department had launched a corruption investigation linked to the group's business in Nigeria, Venezuela and DRC.
Egypt dusts off pyramids for fashion and art shows
French fashion house Dior debuted its latest collection Saturday at the Giza pyramids, after Italian designer Stefano Ricci held a...Dior CEO Pietro Beccari said the fashion house chose the pyramids as far more than "just a useless background", drawing on Egyptian astrology for the collection named "Celestial'.
Showcasing Egypt's heritage in a new context "will encourage other brands and international cultural figures to come to Egypt," said art historian Bahia Shehab.
EU spent €11.8 billion on imports of non-plug-in hybrid cars in 2021
Exports of non-plug-in hybrid cars were valued at €22.9 billion, which was more than half of the total extra-EU exports...Exports of non-plug-in hybrid cars were valued at €22.9 billion, which was more than half of the total extra-EU exports of hybrid and electric cars (55 percent)
Electric cars are an important part of the energy transition and they are becoming increasingly popular, with international trade in hybrid and full electric cars on the rise
Stage set for UAE-Japan business council as Abu Dhabi secures 40% of Tokyo’s crude oil requirements
The proposed bilateral business council, aimed at developing joint projects and exchange expertise, is likely to be formed by the...The proposed bilateral business council, aimed at developing joint projects and exchange expertise, is likely to be formed by the first quarter of 2023
The amount of crude that Japan imported during that month amounted to 84.58m barrels, of which 80.10m barrels, originated from five Arab countries
EU head says bloc must act over US climate plan changes
EU chief Ursula von der Leyen said the bloc must act to address "distortions" created by Washington's $430-billion plan to...EU countries have poured criticism on Washington's landmark Inflation Reduction Act, seeing it as anti-competitive and a threat to European jobs
The act, designed to accelerate the US transition to a low-carbon economy, contains around $370 billion in subsidies for green energy as well as tax cuts
Saudi Arabia joins Madrid-based International Olive Council
Madrid, Spain---Saudi Arabia has joined the International Olive Council (IOC), a UN affiliated intergovernmental organization aimed at developing and expanding...The council is a UN affiliated intergovernmental organization aimed at developing and expanding olives and olive oil trade.
The Council also encourages the member countries to develop and modernize commercial standards for products and improve their quality.
OPEC+ to maintain current output level amid uncertainty
Major oil-producing countries led by Saudi Arabia and Russia agreed to maintain their current output levels. Representatives of 13 members...OPEC+ decided to stick to their course agreed in October of a production cut of two million barrels per day until the end of 2023.
On Friday, the EU, G7 and Australia agreed a $60-per-barrel price cap on Russian oil, which will come into effect on Monday.
