S&P estimates UAE GDP to grow beyond 5% in 2024
According to Tatiana Leskova, Associate Director of Corporate Ratings at Standard and Poor's Global Ratings that the global economy while...Business
IMF chief at Davos: AI holds risks, opportunity for global economy
Artificial intelligence poses risks to job security around the world but also offers a "tremendous opportunity" to boost flagging productivity...Business Economy Geostrategy Tech & Media
Volkswagen sees 2021 profits surge
The carmaker sold 600,000 fewer vehicles in 2021 than in 2020.The German automaker expects its sales to increase by 5-10 percent in 2022
The world's second-largest automotive group's revenue rose 12 percent last year due to 'favorable pricing'
Weekly loss for UAE markets, amid contrast for TASI
Oil prices rose by more than 20 percent this week, due to ongoing concerns about supply disruptions and Russian output.The Saudi index ended its week on Thursday (March 10, 2022) down by 0.4%
Abu Dhabi index finished the week with a loss of 0.3% on Friday (March 11, 2022)
Abu Dhabi Police intercept 1.5 tons of contraband, worth $40m
This action, among others, could be quite helpful in getting the UAE out of the so-called grey list of the...The Anti-Drug Section at the ADP’s Criminal Investigation Department (CID) detected a suspicious shipment
It had arrived from a neighboring country at Khalifa Port, and was apparently meant to travel to Europe
MENA businesses are battling social media scams
Saeed Ahmad, Callsign’s Managing Director for the MENA region, explains how a single fraudulent message impersonating an entity can erode...Scams have targeted 66 percent of people in the UAE in recent years, and the phenomenon is spreading
Around 50 percent of the region’s consumers lose faith in an organization whose name appears in a scam message
UAE, Bangladesh to expand cooperation in trade, investment
The UAE-Bangladesh Business Forum discussed ways to enhance cooperation between the two countries in the field of trade and investment,...An MoU was signed between the two to establish a joint UAE-Bangladesh Business Council.
The UAE-Bangladesh Business Forum was held at DP World Pavilion at Expo 2020 today in the presence of ministers.
Dubai records $3.64 bn worth of weeklong real estate transactions
Dubai witnessed real estate and properties transactions worth AED13.4 billion ($3.64 bn) during the week ending 11 March 2022, according...The top three transactions were a plot of land in Trade Centre Second sold for AED198.15 million, followed by a plot of land that was sold for AED160.14 million in Palm Jumeirah.
The sum of the amount of mortgaged properties for the week was AED3.83 billion, with the highest being a building in Palm Jumeirah, mortgaged for AED1 billion.
Sharjah Chamber and Argentina to foster ties between businesses
The Sharjah Chamber of Commerce and Industry (SCCI) and an Argentinian delegation discussed ways to enhance cooperation between the business...Sharjah Chamber and a delegation from Argentina discussed economic, trade and investment relations at a forum.
Abdallah Sultan Al Owais, Chairman of the SCCI highlighted the importance of joint work to advance the existing relations.
DP World revenue up by 26.3 percent
The adjusted EBITDA growth was 15.3 percent ($3.828 bn) and capital expenditure $1.393bn.The revenue increase from $2.245 billion to $10.778 billion is supported by acquisitions and new concessions including Angola, Unico and Transworld.
Like-for-like non containerized revenue grew 9.5 percent with a strong performance from the Feedering business.
Chinese companies threatened with delisting on Wall Street
Five Chinese companies have been ordered to comply with audit requirements by the US Securities and Exchange Commission (SEC) or...In total, some 248 companies are affected, with a market capitalization of about $2.1 trillion, according to an ad hoc committee.
Mainland Chinese and Hong Kong companies are notorious for not submitting their financial statements to US-approved auditors.
Bitcoin being used for money-laundering: Report
Mexican cartels are estimated to have used bitcoin to launder $25 billion a year in Mexico alone, according to a...The criminals skirt a law requiring cryptocurrency platforms to notify authorities of any transaction of more than $2,830
They are then said to use the accounts to repeatedly buy small amounts of bitcoin online to pay associates
