Gold, bitcoin pull back from records as US stock markets slip
On Wall Street, the Dow and the S&P 500 both finished 1.0 percent lower, while the tech-rich Nasdaq composite ended...Business
Over 105m people visit Dubai Mall in 2023
DUBAI, UAE – Dubai Mall welcomed a record 105 million visitors in 2023, a jump of over 19 percent on...Business Economy
Select Group buys hotel in UK
The purchase is part of Dubai-based firm's expansion plan.The acquisition is an important part of Select Group's diversification and growth strategy
Select Group has a portfolio of premium residential, commercial and mixed-use developments in the UAE and Europe
Creator economy rides on NFTs for growth, expansion
Blockchain technology has put creators at the center and allows them to capture and distribute their value efficiently, safely and...Due to high engagement yet low revenues on social media platforms, many creators are looking for new ways to monetize, says Franck Mandon, COO of the MILLION platform
With a roughly US$ 20 bn market value, it's the fastest-growing sort of small business, with each creator operating more like a startup than an individual, he adds
AD Ports, Hayat Biotech ink deal
AD Ports to support Hayat' global logistics and distribution.The partnership will help facilitate Hayat Biotech’s efforts to set up manufacturing centers around the globe.
The deal encapsulates shipping of strategic construction supplies, including containers, machinery, raw materials.
Libya’s National Oil Corporation lifts force majeure at key terminals
Force majeure is a legal measure allowing companies to free themselves from contractual obligations in light of circumstances beyond their...Its latest such move had been in late June, when the NOC said Libya had foregone some $3.5 billion due to a blockade of eastern oil facilities since mid-April.
The blockade on the oil facilities was enforced by groups demanding Dbeibah's departure and a handover to the rival administration of Fathi Bashagha.
EGA, K Line green pact
They will work on projects to decarbonize bulk cargo shipping.Focus of agreement on development and implementation of new marine decarbonisation technologies suitable for EGA’s bulk cargo shipping routes.
Solutions are likely to include kite systems, alternative fuels and CO2 capture technologies.
ADDED, MADE to support sustainable growth, Industry 4.0 applications
ADDED and MADE will collaborate to build the technical capabilities of the industrial workforce.ADDED and MADE will collaborate to build the technical capabilities of the industrial workforce
The cooperation with MADE shows ADDED’s efforts to enhance the entrepreneurship ecosystem
GCC citizens look to pour investment in UK real estate
GCC nationals are expected to pour in investments in the UK real estate market in spite of global inflation, supply-chain...According to a May report by property consultancy Knight Frank, Gulf-based high-net-worth families have returned to property investments in recent months
GCC investors are leveraging a weak pound to buy assets in the UK's luxury property market after the pound fell to its lowest level against the dollar since March 2020 in June
Tokyo equities climb up ahead of key US inflation report
Tokyo stocks opened higher on Wednesday ahead of a key US inflation report and with worries growing over rising Covid-19...Wall Street stocks ended lower overnight as markets brace for a potentially grim US inflation report
Investors fear that another report showing hot inflation will lead the Federal Reserve to double down on large interest rate hikes
Twitter lawsuit accuses Elon Musk of contract breach
Twitter on Tuesday sued Elon Musk for breaching the $44 billion contract he signed to buy the tech firm, calling...The social media company's shares edged up slightly in after-market trading when the news broke
Legal experts and market analysts see Twitter as having a strong upper hand heading into court
Closing the gender gap in MENA may take 115 years
Closing gender gaps remains a critical driver of national prosperity. Countries that invest in all of their human capital and...At 63.4%, Middle East and North Africa have the second-largest gender gap yet to close, with the UAE, Israel and Lebanon being the highest performing countries
After a big COVID hit, the gender gap hasn’t bounced back across the globe, according to the World Economic Forum’s Global Gender Gap Report 2022
