‘Bond market acts as a mirror to economic realities’
"(US Federal Reserve Chair Jerome) Powell's focus on verifying inflation's trajectory is in line with the central bank's dual mandate...Business Markets
Novartis to buy MorphoSys
The deal gives Novartis access to new blood cancer treatment.Company News Business
Muscat Stock Exchange trading value up 5.5 percent in a week
Muscat, Oman - The value of trading on the Muscat Stock Exchange increased last week to 9.6 million Omani riyals...The rise came at a time when investors tended to diversify their portfolios, taking advantage of the declines in stock prices.
Trading data showed a decline in the prices of 40 securities last week, compared to 15 securities whose prices increased.
ISO Annual Meeting 2022 to begin Monday in UAE, trade on agenda
The International Organization for Standardization (ISO) Annual Meeting 2022 starts Monday at the ADNOC Business Center in UAE's Abu Dhabi.Hosted by UAE Ministry of Industry and Advanced Technology (MoIAT), the ISO Annual Meeting 2022 runs from September 19 to 23.
The event will witness the participation of over 2,000 delegates physically and virtually.
UAE health ministry inks pact with Mediclinic Middle East
UAE Ministry of Health and Prevention (MoHAP) has signed a memorandum of cooperation (MoC) with Mediclinic Middle East to strengthen...UAE Ministry of Health and Mediclinic Middle East will cooperate in exchange of expertise and enhancing health research.
Both entities will cooperate in organizing scientific conferences, training programs related to health research in the country.
DEWA CEO briefs Utah House of Representatives delegation
MD & CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer met a delegation from the Unified...Speaker of Utah House of Representatives Brad Wilson led the delegation to the UAE.
The delegation want to learn about DEWA’s innovative development projects in the water, renewable and clean energy sectors.
Egypt to raise Suez Canal transit fees by 15 percent next year
Cairo, Egypt-- Egypt plans to raise fees for ships passing through the Suez Canal by 15 percent in 2023, the...Canal Authority's Chairman Osama Rabie has said. transit fees for bulk and tourist ships will be raised by 10 percent from Jan 1, 2023
The Canal’s revenue reached US$704 million in July after achieving its highest monthly transit rate of 2,103 ships, as well as monthly net tonnage of 125.1 million tons.
Sharjah Chamber suggests measures for strengthening PPPs
The Sharjah Chamber of Commerce and Industry (SCCI) has recommended several measures to strengthen the emirate’s public-private partnerships (PPPs).The Cabinet to issue a federal law regulating partnerships between the federal authorities and the private sector in the UAE.
In its meeting SCCI board of directors has ordered arrangements to be put in place to encourage public-private sector partnerships.
Walaa to merge with SABB
The firm won the shareholders' approval for the merger.Walaa Insurance also received its shareholders’ approval to raise its share capital to $227 million, out of which 24 percent will go to SABB Takaful's shareholders
The merger will be conducted through a share swap where Walaa will issue 0.6 shares against each share issued by SABB Takaful
Qatar deepens partnership with Iberdrola Innovation
Qatar science and Technology Park (QSTP) has deepened its partnership with Iberdrola Innovation Middle East by signing an agreement to...The agreement was signed by QSTP Executive Director Yosouf Al Salehi and Managing Director of Iberdrola Innovation Middle East Santiago Banales
Iberdrola aims to define the digital utility by developing innovative digital solutions for renewable energy integration, smart grids, and energy efficiency and conservation
Crypto founder, wanted by South Korea, says “not on the run”
Four days after a South Korean court issued an arrest warrant for him, the founder of the failed cryptocurrency platform...The collapse of Terraform Labs earlier this year wiped out about $40 billion of investors' money
South Korean prosecutors have also issued arrest warrants for five other people who were not named linked to stablecoin TerraUSD and its sister token Luna
US team explores ways to boost economic ties with UAE
The delegation, led by Governor Spencer J. Cox, included over sixty prominent Utah government officials, business executives, and community leaders,...The meeting was organized by the US-UAE Business Council, the State of Utah Governor's Office of Economic Opportunity and the World Trade Center Utah
The American delegation discussed strengthening relations with the UAE and opportunities for future cooperation with nearly 100 businessmen and women from both sides
