Five killed in clashes near Lebanon border
JERUSALEM - Three fighters who crossed into Israel from Lebanon and two Israelis were killed in clashes and a strike...Business
Elie Saab to showcase Riyadh Season Fall Collection 2025
Riyadh, Saudi Arabia -- Renowned fashion designer Elie Saab will unveil the Riyadh Season Fall Collection 2025 after signing an...Business Culture & Society
Biden says US will contribute half of 60 mn emergency oil barrel release
The United States will contribute half of the 60 million barrels of oil International Energy Agency (IEA) countries agreed to...The decision aims to "send a unified and strong message to global oil markets that there will be no shortfall in supplies," the IEA said in a statement earlier
The invasion came "against a backdrop of tight global oil markets, price volatility, commercial inventories that are at their lowest level since 2014," the statement said
Apple pauses Russia sales
Apple Pay and other services are also limited in Russia.Western governments, sporting organizations, and big companies have cut Russia off
They have also sanctioned Russia over the internationally condemned attack Ukraine
ExxonMobil out of Russia
It has offices in Moscow and St Petersburg with 1,000 employees.The US oil giant deplored Russia's action in Ukraine and underlined that it will no longer invest in Russian projects
ExxonMobil had earlier pulled out two joint ventures during the previous round of sanctions against Russia
Saudi Central Bank licenses new payment fintech company
Named Moyasar Financial Company, the new entity is expected to provide ecommerce payment services.The total number of payment companies licensed by SAMA now stands at 16
This is in addition to nine companies that were granted an in-principle approval
Israel stock exchange eyes GCC investors
In an exclusive interview, Tel Aviv Stock Exchange CEO Ittai Ben-Zeev speaks on his strategy to attract investors from the...The UAE is key to the relatively small but growing Israeli bourse’s new strategy of “going east” to globalize its foreign investment pool
Tel Aviv Stock Exchange has traditionally been heavily oriented towards the US, but is now looking to expand to the GCC and the rest of the world
Italy’s Eni to pull out of Russia-Turkey pipeline
Eni will sell its stake in Blue Stream following moves by rivals BP and Shell to divest from Russia-linked projects...Eni will sell its stake in Blue Stream following moves by rivals BP and Shell to divest from Russia-linked projects after Moscow invaded Ukraine
The company controls the gas pipeline -- which links the two countries via the Black Sea -- equally with Russian energy giant Gazprom
Cryptocurrencies: Proof-of-work spared for now
Due to growing environmental consequences, even though proof-of-work was spared in the EU for now, it is simply too fragile...The European Union was on Tuesday supposed to vote on a bill named MiCA intended to regulate crypto in the EU.
The Ukrainian government is arguably one of the first governments to ask for donations in cryptocurrencies.
Saudi Arabia unveils farm exporting high-yielding Murciano goats
Saudi Arabia's Ministry of Environment, Water and Agriculture (MEWA) has inaugurated the first Saudi farm exporting Murciano goats in Riyadh....The Murciano goats produces 800-1000 liters of milk every year on average.
The goats, also known as Murcia-Granada, have a lactation period of around 210 days.
Service fees of real estate owners, investors reduced in UAE
The UAE's Department of Municipalities and Transport (DMT) said that service fees for real estate units’ owners and investors in...In 2020, the service charges were reduced by 18.1 percent, with another 8.3 percent reduction introduced in 2021.
DMT introduced a comprehensive mechanism to monitor and regulate residential units' service charges in 2020.
Qatar Airways hits out at Airbus as new jet grounded in paint dispute
Qatar Airways has secured an injunction preventing Airbus from cancelling deals for other jets as the two are involved in...The airline has now grounded 22 of its 53 A350 jets since November 2020, and said it will move ahead with legal action.
In retaliation, Airbus has in turn sought to cancel orders made by Qatar Airways for two other A350 jets and 50 A321neo planes.
