Digital transfers reshape MENA’s financial landscape
The region sees a robust future for digital cross-border transfers in the Middle East, marked by innovation and a strong...Business Banking & Finance
British Airways profit soars six-fold
The company said it was 92% booked for the first quarter of 2024.Business
Meta’s Quest VR gear to let people ‘hang out’ in fake worlds
Meta on Friday said that it is adding the ability to easily socialize in virtual reality with an update to...Meta is also working on letting people create their own virtual worlds where they host gatherings of avatars, Zuckerberg said
Horizon Worlds is far from a fully realized metaverse, a future internet where online experiences like chatting to a friend would eventually feel face-to-face thanks to VR headsets
Iran, Venezuela ink 20-year deal on cooperation in Tehran
Iran and Venezuela signed a 20-year deal on cooperation between the two countries in various sectors including energy, financial and...The deal inked by Iran and Venezuela include energy, financial and defense
From July 18 direct flights would operate between Caracas and Tehran
EWEC to conduct 4th Clean Energy Certificates Auction
The CECs provide Abu Dhabi entities a pathway to achieve their desired sustainability goals by guaranteeing the zero-carbon origin of...The CECs provide Abu Dhabi entities a pathway to achieve their desired sustainability goals by guaranteeing the zero-carbon origin of their clean electricity consumption
Also, the CECs offer entities a globalcompetitive edge by holding internationally recognised certificates that guarantees their green credentials.
Soqoor program: DEWA approves 50,567 NOCs
It is the first government program of its kind to evaluate consultants and contractors in Dubai.It is the first government program of its kind to evaluate consultants and contractors in Dubai
The program creates a healthy competition among consultants, contractors to ensure their compliance with the highest quality
Iran arrests 13 bank heist suspects: judiciary
Iran has arrested 13 suspected robbers accused of making off with the contents of more than 160 safe boxes from...The fugitives who fled abroad had been detained thanks to "good cooperation" with Interpol and were in the process of being transferred back to the Islamic republic
The broadcaster aired footage of those it said had been detained in Iran, dressed in prison outfits and facing a wall
Abu Dhabi bourse records highest trading value in Arab markets: AMF
Abu Dhabi Securities Exchange (ADX) recorded the highest increase in trading value among Arab financial markets in May 2022 at...IPOs have boosted the performances of Arab financial markets in May 2022, increasing the value of overall trading to nearly $107.22 billion.
The Beirut Stock Exchange topped Arab exchanges in terms of market capitalization gains with an increase of 39.50 percent.
FAO predicts increase in global food bill in 2022
FAO predicts the global food import bill would rise by $51 billion compared to 2021, of which $49 billion would...FAO says global food import bill may reach a new record of $1.8 trillion in 2022
It says global production of main cereals would decline in 2022 for the first time in four years
Abu Dhabi, China’s Shandong to enhance cooperation
Abu Dhabi, China’s Shandong agree to work towards boosting investment opportunitiesThe MoU aims to enhance industrial cooperation, facilitate delegation visits, investor meetings
It seeks to organize entrepreneurship, management consultancy training programs between companies
Chinese firm bags $974m Madinah tunnel project
Saudi Arabia has awarded the building of a five-kilometer-long tunnel in the city of Madinah to a Chinese construction firm,...Canada’s WSP and US-based Parsons are among consultants working on the project while Rua al-Madinah Holding is the client
Al-Amida road will serve as an alternative to the current ring road, through expanding the roadway to six lanes
DMCC and Brooklyn Chamber of Commerce sign pact to promote trade
Dubai Multi Commodities Centre and Brooklyn Chamber of Commerce have signed an agreement to work together to promote trade and...DMCC will work with the Brooklyn Chamber to support New York-based businesses in setting up their operations in Dubai.
Similarly, the partnership will look to facilitate the expansion of DMCC's member companies into the US market.
