European Union slaps $1.9bn fine on Apple over violation of rules
Brussels, Belgium - The EU on Monday hit Apple with a more than 1.8-billion-euro fine ($1.9 billion) for violating the bloc's...Business Geostrategy Global
Middle East emerges as a major player in global CEO appointments: report
Dubai, UAE - The Middle East has emerged as a prominent player in global CEO appointments, securing 68 out of a...Business
UAE presents national report on spent nuclear fuel to IAEA
The United Arab Emirates has presented its Fourth National Report on spent nuclear fuel, radioactive waste management at the International...The national report describes the legislative and regulatory measures taken by the UAE to meet its obligations
The report also addresses options in regards to spent fuel and radioactive waste management
Schneider, ADH sign MoU
They will collaborate on a number of projects within Egypt and beyond.Utilizing and building EcoStruxure platforms will be the cornerstone of these collaborations, said a Schneider executive.
He said these platforms are designed to enable the use of innovations like the Internet of Things.
EU to stop combustion engine sales by 2035 in Europe
The European Union approved a plan to end the sale of vehicles with combustion engines by 2035 in Europe, the...The measure, first proposed in July 2021, will mean a de facto halt to sales of petrol and diesel cars as well as light commercial vehicles
Europe's automotive industry, which is already investing heavily in the move to electric vehicles, fears the social impact of a too-rapid transition
SAFEEN acquires two Supramax vessels
The firm says there is high demand for maritime services.Since being acquired, these ships have been deployed as part of a collaboration between SAFEEN Feeders and Saif Powertec Limited.
SAFEEN Feeders provides feeder and dry bulk services linking Abu Dhabi to ports serving the UAE, the broader Gulf region, and the Indian Sub-Continent.
Stan Chart unveils API in KSA
The British company aims to ensure data security.Thanks to the new interface, clients and partners will be able to share and integrate data securely
The kingdom, in line with Saudi Vision 2030, aims to become a regional digital hub
UAE lends helping hand to Africa through credit lines
A line of credit of US$20 million will be opened between ADEX and ECOWAS to boost cooperation and raise the...A line of credit of US$20 million will be opened between the two entities enhancing cooperation and increasing the volume of trade
The agreement was signed virtually by Khalil Al Mansoori, Acting Director-General of ADEX, and Dr. George Agyekum Donkor of EBID
‘Resilience more vital than efficiency for GCC startups’
The ongoing Covid-19 pandemic teaches several lessons to regional businesses, says UAE Minister Ahmad Belhoul Al Falasi.The ongoing pandemic teaches several lessons to regional businesses, says UAE Minister Ahmad Belhoul Al Falasi
The entrepreneurship ecosystem in UAE has not yet reached full maturity but 'we are about 60-70% there', he adds
Time to deliver decarbonization targets set last year
In the Middle East, the UAE and Saudi Arabia have been leading the decarbonization conversation with pivotal government initiatives that...The number of companies establishing science-based targets for decarbonization had strongly increased since 2015, but it rose dramatically in the run-up to COP26
Executives are trying to pursue their decarbonization targets during a period of turbulence that has created historic levels of uncertainty and numerous difficulties
US sanctions Russia’s defence sector, bans its gold import
United States is seeking to crack down on Russians seeking to skirt existing sanctions by "covertly" acquiring US, Japanese and...The sanctions target state company Rostec and other firms critical to the defense industry.
The new moves blacklist 70 entities and 29 individuals, which freezes all the USA held assets.
Saudi Arabia and Italy to explore investment opportunities
Saudi Arabia’s Ministry of Investment will host a high-level Italian business delegation on Monday to explore mutually beneficial investment opportunities....An Italian delegation led by Italian Minister for Foreign Affairs Luigi Di Maio will visit the kingdom.
Private sector representatives from multiple organizations from both countries will participate in the forum.
