AD Ports Group, KPT ink pact
The pact deals with bulk and general cargo terminal.Company News Business
Most markets advance after tech titans fuel Wall Street surge
Shares in Amazon, Apple and Facebook owner Meta all climbed during Thursday's session. All three companies were due to report...Business
Asian, European markets mixed as investors assess Fed outlook
A two-month rally from June lows appears to have run out of steam this week, with downward pressure coming after...Hong Kong, Taipei, Manila, Sydney and Jakarta inched higher, while Shanghai, Singapore, Seoul, Wellington, Mumbai and Bangkok all fell.
Wall Street's three main indexes edged up after Wednesday's losses. In Europe, London inched up, while Paris and Frankfurt edged down.
OPEC revises oil demand projection to 3.1mn barrels a day
The recent drop in oil prices reflects global concern over an economic slowdown and “masks physical market fundamentals," says OPEC...The recent drop in oil prices reflects global concern over an economic slowdown and “masks physical market fundamentals,” says OPEC secretary general
He predicted a slowdown in demand growth in 2023 but said it should not be worse than what has already been experienced in the last two years
Apple warns of flaw that lets hackers into iPhones, Macs
Patches were released Thursday and Wednesday by the tech titan to fix what it described as a vulnerability hackers already...Apple did not disclose whether it had information regarding the extent to which the issue has been exploited
The technical description indicated that a hacker could use the flaw to take control of devices, accessing any of its data or capabilities
Israel planning renewable energy projects in MENA region
The companies are also developing projects in Morocco, the UAE and Bahrain, along with Egypt and Jordan.The companies are also developing projects in Morocco, the UAE and Bahrain, along with Egypt and Jordan
The plans follow two years after Israel normalized relations with the UAE, Bahrain and Morocco. Israel also signed a Free Trade Agreement with the UAE
Facebook bans major US anti-vaccine group
Meta spokesperson Aaron Simpson told AFP that the group's accounts at Facebook and Instagram were shuttered on Wednesday. The ban...The Children's Health Defense (CHD), which has been a critic of Covid vaccines, immediately accused Meta of stifling its free speech rights
CHD said its social media accounts were followed by hundreds of thousands of people, and claimed the action by Meta came as a surprise
Qatar buses feel the World Cup heat in tournament test
Getting the football hordes around the city and between the eight stadiums promises to be one of the biggest challenges....With more than one million people expected to descend on the tiny Gulf state for the tournament, the government is taking no chances with their multi-billion dollar preparations
Amid sweltering summer heat, hundreds of air conditioned but mainly empty buses went out to stadiums, metro stations and pickup points
GCC insurers adopting sustainable finance practices
Even as only half of the significant insurers in the region are disclosing ESG information, sustainability has gained significant traction...Even as only half of the significant insurers in the region are disclosing ESG information, sustainability has gained significant traction in financial services in last few years
Regional insurers are developing ESG practices and increase in maturity in ESG reporting, with crucial best practices emerging, according to a report by Arthur D Little
Goal: A just energy transition that’s equitable to all
It must be based on scientific, economic, and engineering facts, appreciate the multiple dilemmas and challenging trade-offs, and accelerate the...Record growth in renewables, representing over 80 percent of all new power-generating capacity last year, is the clearest sign yet that the energy transition is gathering pace
Policies aimed at divesting from hydrocarbons too soon, without adequate viable alternatives, are self-defeating. They will undermine energy security, erode economic stability
Qatar World Cup tickets sale to reach 2.5 million soon : FIFA
There are 3,010,679 tickets available altogether, with FIFA saying a "last-minute" sales period will open in the run-up to the...World football's governing body FIFA said that 520,532 were sold in the period between July 5 and August 16.
In June, organizers said there had been "record-breaking" demand for tickets at a time when 1.2 million had been sold.
‘RAK aims to increase number of hotel rooms in 5 years’
CEO of the Ras Al Khaimah Tourism Development Authority (RAKTDA) Raki Phillips said that the emirate’s tourism sector aims to...Ras Al Khaimah plans to increase the number of hotel rooms in the emirate over the next five years to 12,747 rooms
The rooms would be provided by over 50 hotels and resorts that offer the highest levels of service to visitors
