Middle East emerges as a major player in global CEO appointments: report
Dubai, UAE - The Middle East has emerged as a prominent player in global CEO appointments, securing 68 out of a...Business
Anaam to raise US$42m
The capital will be raised through a rights issue.According to a bourse filing, the capital increase is aimed at boosting the working capital, lowering the loan rates, and supporting the business growth of the company
The capital hike is subject to the approval of the relevant official authorities and the company’s shareholders
Why crypto’s big ‘merge’ is causing big headaches
Regulators have begun to pay attention, with US Securities and Exchange Commission Chairman Gary Gensler suggesting proof-of-stake looked like a...De Vries, whose Digiconomist website models the energy use of Bitcoin and Ethereum, said consumption had indeed plummeted by more than 99 percent on Ethereum
Cryptocurrencies were envisaged as a decentralized alternative to the banks, corporations, and governments that failed so spectacularly during the global crash of 2008
PIF’s green bonds to shore up market, says LSE official
The fund has hired a large group of banks including Citi and JPMorgan to arrange a debut issuance of multi-tranche...According to Shrey Kohli, the PIF targets those sectors for investment that are in line with the framework of green bonds and the fund offers complete transparency to investors
The fund currently manages assets of over $600 billion
GCC needs US$60-85bn for sustainable waste management: study
It will take $60-85 billion for the GCC to put in place a modern recycling system for waste management, according...This investment would cover design, collection, sorting, and recycling investment across these four key waste streams
The GCC generates between 105 and 130 million tons of waste per annum, primarily from Municipal Solid Waste (MSW), Construction and Demolition Waste (CDW), and agricultural waste
Startups adopt new strategy to survive post pandemic
Post pandemic, startups, SMEs, and entrepreneurs must adopt a new mentality to scale their enterprises and survive, says Awfa Mustafa,...The classic challenges that startups face revolved around getting funds, managing cash flow and acquiring the necessary skills and talents.
During and after the pandemic everyone went online all of a sudden and no one was prepared for this shift, even though many startups thought they would benefit from it.
Prisoner exchange deal reached with US, claims Iran; Washington silent
Iran and United States have arrived at a deal to exchange prisoners and unfreeze Iranian funds abroad, according to media...IRNA said that with prisoner exchange deal done, $7 billion of Iran's blocked resources will be released
Billions of dollars in Iranian funds have been frozen in a number of countries -- notably China, South Korea and Japan -- since the US reimposed biting sanctions on Iran in 2018
Qatar ports TEU records one percent growth in September
Doha, Qatar - The Qatar Ports Management Company (Mwani Qatar) said it received 123,000 TEUs in September- a one percent...Mwani Qatar stated it received 276 ships in September, registering a three percent increase.
It said cars and equipment recorded 6048 units, and the number of livestock recorded was 6499.
IEA urges Europe to reduce winter gas consumption
Europe must ramp down gas consumption to survive the winter given perilously low stocks amid fears of a total cut...The IEA warned of "unprecedented risks" of shortages unless demand is reined in, estimating cuts of nine percent are needed
IEA said diversification had at least enabled gas stockage facilities to stand at almost 90 percent of capacity at the end of September
Turkey, Libya sign maritime hydrocarbons agreement
Turkey's foreign minister signed a deal in Libya's capital Monday allowing for oil and gas exploration in 'Libyan waters'.The deal follows an agreement Turkey signed with authorities in Tripoli in 2019, which demarcated the countries' shared maritime borders.
The deal came at the height of a year-long battle between rival governments vying for control of the capital.
UAE Ministry of Emiratization launches Customer First forum
UAE Ministry of Human Resources and Emiratization has launched the Customer First Forum, comprising virtual sessions on a weekly basis...The Customer First Forum aims to take feedback of all parties on the labor market legislations.
It also seeks to enhance direct communications between the ministry and the private sector.
