Norway’s sovereign wealth fund posts record US$213bn profit
Oslo, Norway - Norway's sovereign wealth fund, the world's biggest, said Tuesday it raked in a record profit of 2.2 trillion...Business Economy Global
Ras Al Khaimah witnesses rise in issue of valid business licenses in 2023
RAS AL KHAIMAH, UAE - The economic growth of the Emirate continued to accelerate in 2023, with the Department of...Business Geostrategy
Euro strikes parity with Dollar for first time in nearly 20 years
The euro struck parity with the dollar Tuesday for the first time in nearly 20 years as a cut in...Oil prices meanwhile fell heavily on concerns of a wider recession as central banks hike interest rates to fight decades-high inflation.
European stock markets fell approaching the half-way mark and in the wake of overnight losses in Asia and on Wall Street.
Middle East airlines’ traffic rises more than 300 percent in May 2022: IATA
The International Air Transport Association (IATA) said the Middle Eastern airlines’ traffic rose 317.2 percent in May compared to May...IATA announced passenger data for May 2022 showing that the May capacity rose 115.7 percent.
Global traffic is now at 68.7 percent of pre-crisis levels as it rose 325.8 percent versus May 2021.
Cyber attacks on network infra focus of MENA ISC 2022 in Riyadh
Rising cyber attacks on network infrastructure in countries across the world, which pose a significant threat to the economies of...This edition’s theme is “Cyber Fusion: Converging Cyber Intel: Critical Network Infrastructure IT, OT, and IoT."
It is currently estimated that companies in Saudi Arabia lose about $6.53 million per cyber attack.
Dubai to host World Corporate Summit in November
Dubai will host the first edition of the World Corporate Summit which will discuss sports and multi-sectoral business growth as...The summit will be attended by decision-makers from multinational corporations, UAE-based firms and government institutions
The WCS will exchange insights, explore collaborative partnerships and opportunities for business growth
SirajPower, Cleanco sign agreement
SirajPower will develop a fully financed 2 MVA solar-diesel-battery.This will provide reliable power to Cleanco via a hybrid system consisting of solar PV, diesel generator, and battery.
CWT’s currently diesel-powered waste treatment plant will be able to reduce its fuel consumption, operational expenditures, and carbon footprint.
Guyana to ‘remove bureaucratic hurdles’ for Saudi investors
Guyana has pledged to a group of Saudi investors visiting the South American country to remove all hurdles in the...Mohamed Irfaan Ali, President of Guyana, made this promise to a 65-member Saudi delegation from the private and public sectors
Al Badr said his government would set up a Saudi desk at the Ministry of Finance to help facilitate trade
Egypt invests $1.5bn to improve energy efficiency in petroleum projects
Egyptian energy sector has implemented low-cost measures to improve energy efficiency in 31 petroleum companies.Egyptian energy sector has implemented low-cost measures to improve energy efficiency in 31 petroleum companies
Five energy efficiency technical reviews are being implemented, in cooperation with the European Union and other major global oil companies
Twitter’s stock tanks as Musk trashes lawsuit threat
Twitter shares plunged Monday as Elon Musk issued a mocking, defiant commentary about a looming court battle after he ditched a...Musk took to Twitter late Sunday night to troll the company after it said it would sue to enforce the deal
Musk on Friday pulled the plug on the deal, accusing Twitter of "misleading" statements about the number of fake accounts
Biden seeks to persuade Saudi Arabia to pump more oil as prices soar
Saudi Arabia's oil-driven economy expanded by 9.6 percent in the first quarter, its strongest growth rate in a decade.Saudi Arabia's oil-driven economy expanded by 9.6 percent in the first quarter, its strongest growth rate in a decade
Last month, OPEC+ stuck to a previously agreed output hike, shrugging off calls for bigger increases to tame elevated prices
Cyberthreats put critical infra at risk in Middle East
Top cyber security experts speak to TRENDS about primary threats to critical infrastructure providers and how to build effective defenses.The impact of some cyber attacks was felt far beyond the organizations impacted directly and, in some cases, across the world.
Gartner recently reported that only 60 percent of organizations globally protect endpoints.
