Dubai Investments buys GFP stake
GFP secures nearly $60 million in equity financing to expand its network.Company News Business
AD Ports launches Noatum Logistics Middle East
The firm said the new brand will replace MiCCO Logistics.Business
Qatar warns of ‘legal action’ against use of World Cup logo
Qatar warned the general public Sunday against the use of unauthorized vehicle license plates with the FIFA World Cup Qatar...Fifty license plates bearing the World Cup logo were put up for auction in May, with the most expensive one going for 1.8 million Qatari riyals ($494,000)
In May, the Qatari authorities said five people were arrested "for promoting the sale of clothes bearing the FIFA World Cup Qatar 2022 logo without obtaining prior approval
UAE’s NFT market witnesses rapid growth
Several crypto platforms have recently launched dedicated NFT marketplaces. TRENDS tries to find out which business and economic sectors have...Many NFT investors are making Dubai their new home every day because of its zero percent personal income tax regime, amongst other big favourable factors.
Several crypto platforms have recently launched dedicated NFT marketplaces. TRENDS tries to find out which sectors have been covered by NFTs in the UAE.
Hong Kong leads rally across Asian markets
Shares rose more than three percent in Hong Kong on Monday morning, in line with a rally across Asian markets,...The Hang Seng Index jumped 3.15 percent, or 684.47 points, to 22,403.53 -- its highest level since early April
Macau casino operators were also on the front foot on hopes for a possible announcement on the easing of Covid containment measures
European monetary policy: Same hat doesn’t fit all
The Europe's apex bank is expected to gradually tighten monetary policy whilst using asset purchases to support weaker countries in...The European Central Bank has the impossible task of setting a single monetary policy that is suitable for a diverse mix of countries in very different situations, says QNB
The ECB will gradually tighten monetary policy while using asset purchases to support weaker countries in the periphery in a bid to avoid a full-blown resurgence of the Euro
UAE banks recover, but customers remain unsatisfied
The sector, according to a KPMG report, scores low on customer satisfaction due to operational issues, lack of timely support,...The sector, according to a KPMG report, scores low on customer satisfaction due to operational issues, lack of timely support, long waiting times and lack of feedback.
The most negative net sentiment has been associated with payment methods such as debit cards, credit cards, and loans, highlights the latest KPMG report
SVC to invest in Venture Debt Fund
The fund will offer venture debt tools to startups and SMEs.SVC CEO Nabeel Koshak said the investment is part of the company's program to invest in funds.
Koshak said funds offering venture debt tools provide financing solutions for startups, and SMEs, known for their quick growth rates.
Sharjah a vital tourist destination, says business body
The Sharjah Chamber of Commerce & Industry organized a business meeting with the Embassy of the Republic of North Macedonia...Sharjah Chamber of Commerce & Industry organizes a meeting with North Macedonia Embassy in the UAE
In the meeting with a North Macedonia delegation, SCCI promotes the emirate’s tourism potential
Saudi minister appreciates Seafarers’ role in maritime sector
Minister of Transport and Logistics, Engineer Saleh bin Nasser Al-Jasser, praised the seafarers for their role in the global maritime...The minister was speaking on the occasion of the International Seafarers Day, observed on June 25.
More than 1,000 Saudi sailors work onboard the Saudi Naval Fleet, which in 2021 recorded advanced ranks in the tonnage side, and ranked first regionally and 21 globally.
UAE’s EHS, Johnson & Johnson ink MoU on healthcare
Emirates Health Services has signed a MoU with Johnson & Johnson Middle East to strengthen collaboration towards developing more advanced...UAE''s EHS has signed a MoU with Johnson & Johnson to strengthen collaboration towards developing more advanced health services
The agreement will also strengthen collaboration in developing innovative hi-tech solutions to support the health sector in the country
Abu Dhabi explores clean energy solutions in Canada
The UAE delegation’s visit to Canada comes at a time when the UAE is preparing to host the 28th United...The UAE delegation’s visit to Canada comes at a time when the UAE is preparing to host the 28th United Nations Climate Change Conference of the Parties (COP28) next year
The conference will focus on upholding climate commitments, inclusion for all, and collaboration towards implementing concrete measures and developing practical solutions
