Crypto market sees drop in scams, stolen funds
The cryptocurrency sector recorded a promising recovery in 2023, with a significant decline in crypto scams and stolen funds revenue,...Business
15 million tons of Lithium deposits found in Thailand
Bangkok, Thailand - Thailand has discovered nearly 15 million tons of lithium deposits, a government spokesman said Friday, a boost for...Business
SALIC of Saudi Arabia to buy 35% of Olam Agri for $1.24bn
SALIC of Saudi Arabia, a subsidiary of the PIF, has said it will acquire 35.43 percent of Olam Agri Holdings...SALIC said that the transaction is expected to be completed in 2022 after obtaining the required approvals from the relevant authorities
Olam is one of the world’s leading commodity trading and processing companies specializing in grains, oilseeds, rice, and animal feed
Qatar blasts Netherlands coach for World Cup criticism
Qatar's top World Cup organizer has hit back at Louis van Gaal for criticizing the decision to hold the event...Van Gaal said this week that it was "ridiculous" for the World Cup to be held in Qatar and that FIFA had only been motivated by money
Hassan al-Thawadi, chief executive of the World Cup Supreme Committee, said Arab fervor for football was "unparalleled"
Weeklong real estate deals worth $1.85 billion recorded in Dubai
The real estate and properties transactions worth AED6.8 billion ($1.85 billion) were recorded in Dubai during the week ending 25...A total of 330 plots were sold for AED1.65 billion and 1,653 apartments and villas were sold for AED3.42 billion.
A total of 124 properties worth AED210 million were granted between first-degree relatives.
Saudi Arabia wants Trojena on global tourism map
Trojena is the new mountain tourism destination whose establishment was recently announced by Saudi Crown Prince Mohammed bin Salman.Trojena aspires to redefine visitors’ and residents’ perceptions of mountain tourism
The project will be launched in 2026 and will be located in the heart of NEOM
Multiply Group to invest AED367m in DEWA IPO
Multiply Group has said that it will be investing AED367 million into the Dubai Electricity and Water Authority's (DEWA's) initial...The Group's latest investment follows a series of strategic acquisitions, creating a unique technology-enabled ecosystem to pursue growth across five vertical segments
Multiply Group benefits from a solid leverage-free liquidity position, having raised AED3.1 billion in a pre-listing private placement 16 times oversubscribed
IATA shifts Annual General Meeting from Covid-hit China to Qatar
The International Air Transport Association (IATA) on Friday said its annual general meeting in June would be held in Qatar instead...China is experiencing its worst coronavirus outbreak since the start of the pandemic more than two years ago, with Shanghai posting record-high case counts.
The IATA comprises some 280 airlines and air companies, accounting for 83 percent of global air travel.
ADNOC to pay $342m in dividend
A similar amount was paid for the first half of 2021 in October.The company said it increased its network in the UAE to 462 stations in 2021 and operationalized 40 stations in Saudi Arabia.
ADNOC Distribution recorded a net profit of AED2.2 billion and earnings before interest, tax, depreciation and amortization (EBITDA) of AED3.1 billion.
Dubai basks in sparkle of giant diamond
A giant diamond nicknamed "The Rock" went on display for the first time in Dubai on Friday ahead of an...The 228.31-carat pear-shaped gem, which was mined and polished in South Africa more than 20 years ago, is the largest white diamond ever to come to auction
After making its debut at Christie's Dubai, where it will be displayed from March 26-29, The Rock will travel to Taipei, New York and Geneva, where it will be auctioned on May 11
How European rulings imperil flagship Google product
Lax laws and sweetheart deals are becoming a thing of the past for big tech firms, particularly in Europe where...More than half of the world's websites use Google Analytics to help their owners understand the behaviour of users
Regulators in several countries agree with activists and have ruled Google Analytics incompatible with European data privacy regulation
UAE-India CEPA to become operational in one month: Emirati officials
The UAE-India CEPA will simplify customs procedures, reduce logistics cost and open new opportunities for professional services.The UAE-India CEPA will simplify customs procedures, reduce logistics cost and open new opportunities for professional services
The three-day logistics conference concluded with a valedictory session at the India Pavilion at Expo 2020 Dubai addressed by top officials from both countries
