GCC emerges as a cryptocurrency investment hub
Driven by government initiatives, economic diversification and a tech-savvy population, the region is becoming a prominent center for cryptocurrency investment,...Business
Zero trust remains an ongoing cybersecurity evolution
Achieving Zero Trust Data Resilience is not an overnight task but a journey requiring organizational alignment, continuous adaptation, and the...Business Opinion
Investors stay away as oil fuels tension in Iraq
The long-simmering dispute came to a head in February when the federal supreme court ordered Kurdistan to hand over oil...Iraq, the second largest OPEC producer, sits on enormous oil reserves, and revenues from the sector feed 90 percent of the federal government budget.
The country exports an average of 3.3 million barrels of crude oil per day (bpd), while production in Kurdistan amounts to just over 450,000 bpd.
European Union seeks to double gas import from Azerbaijan
Azerbaijani President Ilham Aliyev said last week that "an important document on energy security will be signed between the European...Last year, Azerbaijan supplied some 8 billion cubic meters of natural gas to Europe through pipelines running via Georgia and Turkey.
In May, EU leaders agreed to stop most Russian oil imports by the end of 2022, as part of unprecedented sanctions they slapped on Moscow.
Farnborough show raises Boeing hopes
Boeing plans to show off several planes including the MAX 10.The MAX 10 offers Boeing the opportunity to show off the latest version of the aircraft and seek to recover from the deadly and costly crashes of an earlier model.
The crashes in October 2018 and March 2019 led to the aircraft being grounded for 20 months. Airlines cancelled hundreds of orders and demanded compensation.
UAE honors firms which tripled Emiratization within 2 months
UAE's Ministry of Human Resources and Emiratization (MoHRE) has honored 16 companies that achieved over triple their Emiratization ratios in...UAE's Ministry of Human Resources and Emiratization has honored 16 companies that tripled their Emiratization targets in two months
These companies will benefit from several incentives including upgrading their classification to the first category
UAE-France non-oil trade from 2012-2021 up 8 percent
The non-oil trade between the UAE and France increased by 8 percent from 2012 to 2021, from AED23.2 billion ($6.3...Their non-oil trade over the past decade amounted to over AED256.15 billion, with a total weight of 8.28 million tons.
Ornaments, jewellery and related products on top of the list of five leading goods imported from France in 2021, with a value of AED2.46 billion.
DFM welcomes listing of Union Coop
Dubai Financial Market (DFM) Monday welcomed the listing of Union Coop’s shares, becoming the first cooperative society in the UAE...Union Coop is the first cooperative society in the UAE to list its shares and Dubai Financial Market welcomes the step
The listing supports the efforts of market participants to further develop Dubai's financial markets
21,000 new companies join Dubai Chamber in H1 2022
Dubai Chamber of Commerce achieved record growth in new membership in the first half of 2022 as more than 21,000...A total of 2,326 ATA Carnets were issued and received by the Chamber in H1-2022, recording a 32 percent y-o-y increase.
The number of e-transactions increased 10 percent over the same period to reach over 378,000.
DEWA commissions 11 substations in first half of 2022
Dubai Electricity and Water Authority (DEWA) commissioned a new 400/132 kV substation in Al Qusais Industrial Area 5, and 10...DEWA commissioned one 400/132 kV substation in Al Qusais Industrial Area 5 of Dubai in the first half of 2022
Across Dubai 10 more 132/11 kV substations in different areas were commissioned in the first half of 2022.
Healthcare giant Haleon worth $37bn
The company began trading in London on Monday.The new company -- which owns brands including Sensodyne toothpaste, pain relief drug Panadol and cold treatment Theraflu -- was worth lower than an expected £40 billion.
GSK's share price tumbled 20 percent in early London trading following the demerger.
Stocks gain as US report indicates fear of recession easing
Stocks rose Monday following a rally on Wall Street in response to data indicating US consumers remained resilient to surging...Still, investors continue to fret over the economic outlook, with Russia's war in Ukraine showing no sign of ending
Policymakers have made it clear their main goal is bringing inflation down from a four-decade high, even if that stunts growth or causes a recession
