WTO hopes to finalize fishing agreement
GENEVA, SWITZERLAND - The head of the World Trade Organization's fisheries talks voiced optimism  on Tuesday about striking an agreement on...Business Geostrategy Global
Markets drop as Middle East tensions rise, rates cut delayed
While inflation is on a general downward path, there is a worry that it could pop back up anytime, particularly...Business
Unit 2 of Barakh Nuclear Energy Plant starts operations
The Emirates Nuclear Energy Corporation (ENEC) announced today the start of commercial operations of Unit 2 at the Barakah Nuclear...Unit 2 adds 1,400 megawatts of zero-carbon emission electricity to the national grid, bringing the total produced by Units 1 and 2 to 2,800 megawatt.
This new addition takes ENEC and its subsidiaries to the halfway mark of delivering on its commitment to supply a quarter of the country's electricity needs.
KSA mining sector grew 27% to $194 million in 2021
Saudi Vice Minister of Industry and Mineral Resources Eng. Khalid Saleh Al-Mudaifer estimated the total value of mineral wealth in...Saudi Vice Minister of Industry and Mineral Resources Eng. Khalid Saleh Al-Mudaifer estimated the total value of mineral wealth in Saudi Arabia at around $1.3 trillion
He stressed that competition among countries is increasing to assume leading positions in the global mining markets
Jordan, India discuss cooperation in fertilizer industry
The Jordanian Minister of Investment, Khairy Amr voiced Jordan's readiness to provide facilities for Indian investment in Jordan and invited...The Jordanian Minister of Investment, Khairy Amr voiced Jordan's readiness to provide facilities for Indian investment in Jordan and invited Indian experts to his country
Indian minister reaffirmed the Indian government's keenness to prioritize Jordan in importing phosphates and fertilizers
Ukraine war hits VW ops
A 150-strong task force is working feverishly to keep supply flowing.Volkswagen plans to use the lessons learned from Ukraine crisis as the war in country affects its production capacities
Leoni restarted production in Ukraine on March 2 'with extra security precautions', and Soviet bunkers are being used to keep workers safe
UAE, Turkey chambers of commerce review advancing cooperation
During the meeting, prospects for collaboration between private sector institutions in the countries and ways to enhance them were reviewed.The FCCI expressed readiness to promote the opportunities presented by Turkey among Emirati business-owners
The two sides also mulled over the possibility of signing an MoU between ULUSKON and FCCI
Friendly policies woo major crypto firms to Dubai
The emirate's Virtual Asset Regulatory Authority governs cryptocurrency trade through a comprehensive set of legislations and globally applicable policy frameworks.Dubai's VA Exchange License allows FTX to be the first to provide regulated trading and clearing services for crypto-specific derivatives.
The UAE is the third-largest crypto market in the region, trailing Turkey and Lebanon.
UAE to boost cybersecurity ecosystem in cooperation with Huawei
The parties will jointly establish a Cybersecurity Center of Excellence to deliver talent training that addresses the cybersecurity capacity-building needs.Both parties have agreed to work together in building visibility and promoting thought leadership in the area of cybersecurity.
They will also cooperate in the field of cybersecurity research and development through an independent think tank that both parties will establish.
DET of Dubai and du launch Digital Business Hub
The Department of Economy and Tourism (DET) in Dubai and du, from Emirates Integrated Telecommunications Company (EITC), have opened the...This will reportedly help to provide value-added services and facilitate doing business
It would contribute to enhancing the competitiveness and sustainability of Dubai's business sectors
ADQ and Turkey Wealth Fund set up a venture capital fund
ADQ of Abu Dhabi has partnered with Turkey Wealth Fund to launch Turkey Technology Fund that will invest in venture...ADQ and TWF established the fund to undertake investments in high-growth, Turkish start-ups with innovative business models
Turkey Technology Fund – ADQ TWF will invest in companies developing emerging technologies or improving existing technologies in significant sectors such as energy and utilities
A cruise ship lifts up spirits in Tunisia
A cruise ship docked in a Tunisian port on Wednesday for the first time since 2019, carrying over 700 passengers...The Spirit of Discovery, run by UK operator Saga, landed at La Goulette port on the edge of Tunis where it was welcomed by camels and a band playing traditional Tunisian music
The ship was carrying 724 passengers, mostly British but also German, Italian and Spanish, according to Tourism Minister Moez Belhassen
