AD Ports launches Noatum Logistics Middle East
The firm said the new brand will replace MiCCO Logistics.Business
CBDCs, DeFi and AI boost FinTech innovation in GCC
The GCC's FinTech sector is booming with CBDCs revolutionizing cross-border transactions and a surge in innovations boosting financial inclusivity, efficiency,...Business Banking & Finance
Equities struggle to shake off recession fears
Equities struggled Wednesday after a brief respite from last week's painful rout across world markets, with recession fears continuing to...While Asia, Wall Street and Europe all enjoyed healthy gains on Tuesday, analysts warned the downbeat mood on trading floors means the selling is unlikely to end any time soon
Most observers expect them to hike rates by three-quarters of a point several more times this year, having announced such a move in June -- the sharpest lift in almost 30 years
Free of travel curbs, GCC residents fly away for a break
In spite of high inflation, residents of the GCC countries are seeking newer destinations in Europe and beyond to travel...The United Kingdom, the Maldives, and Europe are still the most popular destinations for the UAE and the GCC citizens
Travel industry experts feel that the global inflationary pressures are yet to affect travel demand
UAE’s FRC forms council for financial reorganization
UAE's Financial Restructuring Committee has formed a Consultative Council to provide an open discussion forum between the FRC and experts...Consultative Council has been formed to provide an interactive relation between FRC and the community
The Council will discuss and provide advice on financial reorganization and bankruptcy
Oman Air to be a part of Oneworld alliance by 2024
Oman Air's joining will add new destinations to the Oneworld network including Duqm and Khasab in Oman and Chittagong (Bangladesh).Oman Air's entry into Oneworld will provide more flights and destinations to customers planning global travel across the alliance's members.
It makes Oneworld the only global airline alliance with three members in the Middle East after Qatar Airways and Royal Jordanian.
Crown Prince’s visit: Egyptian, Saudi firms sign deals worth $7.7 bn
The accords were related to "infrastructure, logistical services, port management, agri-foods, the pharmaceutical industry, fossil fuels and renewable energy, and...Trade between Egypt and the kingdom leapt more than 62 percent last year compared with 2020, reaching $9.1 billion, according to official Egyptian figures.
Egyptians working in Saudi Arabia are an important source of foreign currency, with transfers worth more than $11 billion in the 2020-2021 financial year.
Global personal luxury goods market hits US$300bn
The market benefited from an exuberant 2021 holiday shopping season across the regions, with a seven percent increase over the...Global personal luxury goods experienced a remarkable performance in the first quarter 2022
Luxury brands enjoyed growth from a strong holiday shopping season, maintain momentum in the US
Oil uncertainty may stay for next five years: ExxonMobil CEO
ExxonMobil has taken a 6.25 percent stake in the expansion of Qatar's North Field, which contains the world's biggest natural...Energy markets have been roiled by the Ukraine war as Russia has reduced some exports and faced sanctions.
The CEO was speaking ahead of ExxonMobil's unveiling as the 4th global partner for Qatar's natural gas expansion.
Twitter deal still in limbo due to fake accounts: Elon Musk
Business magnate Elon Musk said Tuesday that his $44 billion move to take over Twitter remained held up by "very...Musk was reluctant to talk about the deal when asked at the Qatar Economic Forum, saying it was a "sensitive" matter.
Musk said he wanted to get 80 percent of the North American population and half the world's population onto Twitter.
Leadership supports growth of UAE as global manufacturing hub: Minister
UAE's Minister of Industry Dr Al Jaber said at the 'Make it in the Emirates' Forum that the national industrial...The national industrial strategy will leverage the UAE's competitive advantages to build a strong industrial sector
The strategy will help the country develop a diversified, self-sufficient and sustainable economy
UAE, Israel export credit agencies to back Ghana healthcare project
Etihad Credit Insurance (ECI) and Israel Export Insurance Corporation have entered into an agreement under which ECI will provide buyer’s...The project involves construction of four healthcare facilities in Ghana, including a general hospital in the country's largest port city, Tema.
The agreement is related to the first Public-Private Partnership project between the UAE and Israel after the signing of the historic Abraham Accords in September 2020.
