ADNOC partners with Viola Communications
They will utilize outdoor media-leasing spaces for advertising.Business
European Union slaps $1.9bn fine on Apple over violation of rules
Brussels, Belgium - The EU on Monday hit Apple with a more than 1.8-billion-euro fine ($1.9 billion) for violating the bloc's...Business Geostrategy Global
Qatar to hike Jordanian food imports during World Cup
Qatar plans to hike its imports of Jordanian food products during FIFA World Cup Qatar 2022 as demand is expected...Qatar relies heavily on Jordanian market for vegetables and fruits.
Volume of Jordan-Qatar trade during the past 10 years amounted to over US$3.17 billion.
Asia green business market to hit $5 trillion by 2030
More than 15 countries and 670 companies in Asia have set (or are committed to setting) emission-reduction targets, thereby creating...Around $3.1 trn will need to be spent per year on average on physical assets for energy and land-use systems from 2020 to 2050.
Vehicle electrification could contribute 10 to 15 percent of the abatement potential needed by 2050, lowering emissions by roughly six GtCO2e.
Energy firm starts test at sensitive Israel-Lebanon border gas field
In a statement Sunday, Energean said that "following approval received from the Israeli Ministry of Energy to start certain testing...Israel has maintained that Karish falls entirely within its territory and is not a subject of negotiation with Lebanon.
Energean said the tests would take many weeks, and are "an important step" towards extracting gas from the Karish.
French PM leads delegation to Algeria as ties improve
French Prime Minister Elisabeth Borne starts a visit to Algeria with a top-level delegation, pushing for better ties with the...Ties between the North African country and France had seen months of tensions after Macron last year questioned Algeria's existence as a nation before the French occupation.
The French PM is expected to sign deals on economic cooperation, including energy.
Egypt records rush in arrival of tourists from Europe and US
Cairo, Egypt— Egypt has recorded a huge jump in arrival of tourists from many European countries and the US, as...Tourists from Spain and France are leading an increase in visitors to Egypt from a number of European countries
Tourism toward Luxor and Aswan is predicted to be healthy from the second half of this month, with Japan, South Korea and India starting to operate flights to Luxor
ADNEC, MICCO sign agreement
Logistics solutions will be developed for ADNEC events.The agreement will focus on the development of integrated services including, shipping, transport and other logistics operations.
MICCO Logistics, which is part of AD Ports Group’s Logistics Cluster, claims a fleet of more than 400 vehicles and specialised storage facilities.
UAE equities vault on the back of high oil prices
High oil prices drove equities up on both the Abu Dhabi Stock Exchange and the Dubai Financial Market, but Saudi...The ADX and DFM had weekly advances of 1 percent and 0.1 percent, respectively
The Saudi index decreased towards the close of the week's trading
German coastal state goes to polls amid acute energy crisis
Frankfurt, Germany— Germans in the coastal state of Lower Saxony vote in a closely-watched regional election Sunday, seen as a key...Anxiety about soaring energy bills has dominated the race in the northwestern region on the North Sea, providing a snapshot of the national mood
One major bone of contention between the leading candidates has been the fate of Lower Saxony's Emsland nuclear power plant, one of only three still operational in Germany
Saudi Arabia says it does not politicize oil or oil decisions
Seeking to debunk the impression that it was somehow behind the rise in oil prices in the US, Saudi Arabia...Saudi minister said the idea that Saudi Arabia would do that would do this to harm the US or to be in any way politically involved is absolutely not correct at all
US gasoline prices rose sharply early this year due to high demand and tight global refining supplies, but began to drop after peaking in June
Sports become money-spinning enterprise for GCC
From Formula One racing to the football World Cup, the top-notch global sporting events are coming to Middle East, bringing...According to the World Trade Organization, the Middle East has the fastest-growing sports tourism market globally, currently worth an estimated US$600 billion
Prince Abdulaziz bin Turki, Saudi minister of sports, stated last year that the sector's contribution to the GDP grew almost 160 percent in 2 years
