EU gives accent to landmark rules on artificial intelligence
Brussels, Belgium - The European Union's 27 member states on Friday approved landmark rules on reining in artificial intelligence, passing a key...Business Tech & Media
Dubai records weeklong real estate transactions worth $3.13 billion
Dubai, UAE -- Dubai recorded real estate transactions valued at AED 11.5 billion ($3.13 billion) during the week ending 2...Business
Saudi fintech cashes in on startups, investments
Saudi Arabia witnesses a 37 percent rise in the number of fintech startups and a $181 million increase in venture...Saudi Arabia witnesses a 37 percent increase in the number of fintech startups entering the market
Saudi fintech sector is mostly driven by young entrepreneurs who compete with the country's top financial institutions
Dubai leads region in innovation, fintech
The emirate, which boasts a thriving community of startup incubators and accelerators, tops the list for foreign direct investment and...Dubai is developing an environment that encourages firms from all industries to innovate.
The city has been able to leverage its strengths as a world-class city to attract global blockchain entrepreneurs.
The UAE-India trade to touch $100bn by 2030
The economic ties between the UAE and India have been reinforced by growing trade between the two countries that stood...According to the UAE Embassy in India, the cumulative bilateral FDI stands at $67 billion
The Indian Embassy in the UAE estimates that the UAE’s investments in India are about $17-18 billion, of which over $11 billion is in the form of FDI (2000-June 2021)
Middle East Energy opens next week, will focus on energy transition
Policymakers, business leaders, and industry experts from the energy industry will converge in Dubai next week to participate in Middle...The speakers will also be participating in the Global Energy & Utilities Forum which will provide a platform for industry experts to discuss multiple subjects.
The event focuses on Transmission & Distribution, Smart Solutions; Renewable & Clean Energies; Backup Generators & Critical Power; and Energy Consumption & Management.
Capital Bank of Jordan lists a $100m bond on Nasdaq Dubai
Capital Bank of Jordan has made its first-ever bond listing of $100 million on Nasdaq Dubai, the Middle East's international...According to the bank’s chairman, Bassem Al-Salem, the step will “extend Capital Bank’s reach and allow our teams to strengthen the bank’s relationship with investors in UAE
Nasdaq Dubai was chosen given its position as the largest regional venue for listing US dollar-denominated debt
Lufthansa posts net loss of $2.2bn
The German carrier said it cut its losses by two-thirds in 2021.German airline Lufthansa said that Ukraine invasion has led to uncertainty in aviation sector
It said rising price of fuel would also adversely impact the sector and could reduce the profit
Former Nissan boss refuses to fade away into oblivion
From his shock detention to an audacious escape from Japan hidden in an audio-equipment box, the rollercoaster saga of former...Ghosn and his aide Kelly were arrested in Tokyo on suspicion of financial misconduct on November 19, 2018
He was granted bail before being arrested again in a dawn raid of his Tokyo apartment in April of 2019
Amazon closing bookstores, pop-up shops to focus on grocery chain
E-commerce titan Amazon on Wednesday confirmed plans to close its bricks-and-mortar bookstores and pop-up shops in order to focus on...The Seattle-based company expected to close 66 real-world stores in the United States and two more in the United Kingdom.
Amazon acquired the Whole Foods Market grocery chain for $13.7 billion in 2017, significantly expanding the e-commerce giant's presence in physical retail.
ADNOC teams up with Proman to produce methanol in Abu Dhabi
Abu Dhabi National Oil Company (ADNOC) has signed an agreement with Proman, one of the world's leading producers of methanol,...The facility will meet growing domestic and international demand for this clean and versatile chemical commodity
Growth is expected to be driven by emerging economies in Africa and Asia, while methanol production in the UAE will support decreased reliance on imports
UAE and Latvia launch economic cooperation program in six sectors
The UAE and Latvia have agreed on a six-track economic cooperation program covering trade and investment, innovation and advanced technology,...The program covers investment, innovation and advanced technology, transportation and logistics, agriculture, food, education and science.
An MoU between the Investment and Development Agency of Latvia (LIAA) and the SMEs Development Department at the UAE Ministry of Economy.
