China edges out Japan as world’s top vehicle exporter
In recent years, China's auto sector has grown remarkably largely because of massive investments in electric cars, an area where...Business
Norway’s sovereign wealth fund posts record US$213bn profit
Oslo, Norway - Norway's sovereign wealth fund, the world's biggest, said Tuesday it raked in a record profit of 2.2 trillion...Business Economy Global
ADDED lays down strict rules on ‘hazardous materials’
ADDED has directed commercial and industrial facilities in the Emirate to license warehouses of hazardous materials away from their headquarters...ADDED has directed commercial and industrial facilities in the Emirate to license warehouses of hazardous materials away from their headquarters
Special requirements, in line with criteria and stipulations of regulatory government entities were introduced
Saudi energy minister says OPEC+ is independent
Prince Abdulaziz bin Salman, Saudi energy minister, has remarked that the OPEC+ group is independent and against any external interference...Prince Abdulaziz pointed out that the OPEC+ policy has succeeded in providing the oil market with the supplies it needs at all times
Its decisions have come against a backdrop of pressure from countries such as the US, which want oil production drastically increased to tackle rising prices
Citi to sell SE Asian biz for $3.6 bn
Singapore's United Overseas Bank will buy the franchisesThe total price of the Singapore's United Overseas Bank acquisition is Sg$4.9 billion ($3.6 billion).
As part of the deal, around 5,000 Citi employees are expected to transfer to UOB, the lenders said.
Football transfer values hit 5-year low in 2021: FIFA
A total of 18,068 transfers were registered, against 17,190 in 2020, a rise of 5 percent. The top 10 transfers...Spending on transfer fees was $4.86 billion, down 13.6 percent from 2020 and 33.8 percent from the record levels of 2019
Players from France accounted for the highest amount of spending, with $643 million, displacing Brazil from the top spot
Moody’s ranks QIIB ‘stable’
It has also has assigned the Qatari bank an A2 rating.Moody's said the rating reflects the bank’s position as one of Qatar's leading Islamic financial institutions
It added that the financial institution has solid asset quality, profitability, liquidity, and capitalization
Bitcoin mining for all
Block is building a system to mine bitcoin.Block changed its name from Square late last year to denote a broader mission that includes blockchain and economic empowerment
Hardware and software teams at Block will openly collaborate with the cryptocurrency community outside the San Francisco-based company
China wants greater GCC role in global, regional affairs
GCC Secretary-General Naif Falah Al-Hajraf and Chinese State Advisor and Minister of Foreign Affairs, Wang Yi, also agreed on a...In a joint statement, the Chinese side is said to have praised the GCC’s achievements since its inception 40 years ago
The two sides concurred on the completing negotiations on the free trade agreement between the GCC and China as soon as possible
Despite culture, MENA coffee business still nascent
The region’s coffee market growing rapidly creates new business opportunities, says Ali Al-Ebrahim, founder and CEO of COFE.Coffee consumption in MENA has experienced a massive shift, with sales growing at twice the global average
Coffee has been at the heart of Middle Eastern culture for centuries
Climate change worsening toll on outdoor workers: Study
Researchers in the United States, who estimated the current cost at $2.1 trillion every year, said the effects of stifling...The researchers looked at data on humid heat — particularly dangerous because the body is less able to cool down by sweating
The study, published in the journal Environmental Research Letters, said around 677 billion work hours are lost a year to humid heat
DEWA launches nanosatellite
DEWA-SAT 1 was launched on a SpaceX Falcon 9 rocket.DEWA-SAT 1 was launched on a SpaceX Falcon 9 rocket from the Cape Canaveral Space Launch Complex (SLC-40) in Florida in the US
The launch made DEWA the world’s first utility to use nanosatellites to improve the maintenance and planning of electricity and water networks
