Apple’s changes contradicts European rules, 34 firms complain
Brussels, Belgium - Changes Apple is making to its services in the European Union "make a mockery" of new antitrust rules...Business Economy Global Tech & Media
Energy-related global CO2 emissions hit record levels in 2023, says IEA
PARIS, FRANCE – Energy-related carbon dioxide emissions rose to a record level in 2023, but the growth slowed from previous years...Business Energy Global
UAE, Tanzania sign pact to avoid double taxation
UAE and Tanzania have signed an agreement for avoiding double taxation and preventing tax evasion.The pact was signed as part of the UAE's endeavors to strengthen cooperation frameworks in tax matters.
The agreement is in line with both countries’ efforts to boost cooperation in tax fields, increase investment opportunities, encourage trade exchange.
First international shipment arrives at Mugharraq Port
Abu Dhabi, UAE--- AD Ports Group Thursday announced the arrival of the first international shipment at Mugharraq Port, one of...This is the first shipment since Mugharraq Port was recognised as an international port facility.
International recognition was achieved after a series of major upgrades at the port.
Dubai fifth globally in UN digital city governance survey 2022
Dubai ranked fifth globally and first in the Arab World in the Local Online Service Index (LOSI) 2022 issued by...The latest Local Online Service Index assessed digital governments in major cities across 193 countries.
Dubai received perfect scores in Institutional Framework, Content Provision and Service Provision, earning it top ranking in these vital indicators.
DMCC holds events in Miami and New York to attract US companies
Dubai, UAE--- Dubai Multi Commodities Centre (DMCC) said Thursday it has concluded Made For Trade Live events in Miami and...DMCC said it sees significant opportunities for growth in the UAE–US trade corridor, which was worth US$23 billion in 2021.
The Centre home to more than a third of the approximately 1,500 US businesses in the UAE.
UAE to develop international maritime network
The Ministry of Energy and Infrastructure (MoEI) announced the launch of the "UAE Maritime Network".The initiative supports the Ministry of Energy and Infrastructure efforts to enhance the position of the UAE’s maritime sector globally.
The maritime network will be a knowledge hub for global stakeholders on investment opportunities in the UAE’s maritime industry.
Apple App Store pulls Russian social network VKontakte
The British government on Monday sanctioned 92 Russian individuals and entities after President Vladimir Putin's regime held referendums in Moscow-controlled...The sanctions target those behind these sham votes, as well as the individuals that continue to prop up the Russian regime's war of aggression
VKontakte apps are used for messaging, digital payments and grocery shopping as well as social networking
H&M posts big quarterly drop in profit after Russia exit
The world's number two clothing group is among a slew of Western companies that have exited Russia following Moscow's invasion...The company said Thursday its net profit fell to 531 million kronor ($47 million) in the third quarter, down 89 percent from the same period last year
The group said in its earnings statement that it would launch cost-cutting measures that would result in savings totaling two billion kronor
Defying turmoil, Porsche to go ‘full throttle’ with blockbuster IPO
Even as stocks worldwide suffer from surging inflation and mounting recession fears, the maker of the 911 sports car is...Parent company Volkswagen is set to raise 9.4 billion euros from the listing with Porsche's shares each to be issued at 82.50 euros
Some of the cash raised will be ploughed into Volkswagen's high-speed drive towards electric vehicles
High oil prices keep MENA’s economic health intact
The average price of a barrel of Brent crude oil is expected to be $101 in 2022 and $84 in...The average price of a barrel of Brent crude oil is expected to be $101 in 2022 and $84 in 2023. However, Brent oil prices may fall to US$ 75/b by 2025 and US$ 70/b by 2027
Even if Brent crude oil prices drop to US$ 75/b, major oil exporters in the MENA regoin --mainly Saudi Arabia, Iraq, UAE, and Kuwait -- would be able to adapt well, says a report
Afghanistan to import petroleum products, wheat from Russia
Taliban officials have maintained that they are looking to strike trade deals with the international community, and have so far...Russia is hit hard by unprecedented Western sanctions over its invasion of Ukraine, causing Moscow to push exports to Asian countries.
The deal includes supplying Kabul with one million tons of gasoline, a million tons of diesel, 500,000 tons of liquefied petroleum gas.
