Barclays bank to stop financing new oil, gas projects
London, United Kingdom -- British bank Barclays said Friday it would stop directly financing its energy clients' new oil and gas...Business Climate Change
OPEC Fund grants US$30m loan to Uganda to build key road link
Vienna, Austria--The OPEC Fund for International Development (OFID) has granted a US$30 million loan to support the development of a...Business Economy
Sharjah Islamic Bank’s net profit up 27%
The bank also reported AED850.7 million in operating profits, an increase by 21.9 percent, compared to AED697.7 million in the...The bank also reported AED850.7 million in operating profits, an increase by 21.9 percent, compared to AED697.7 million in the previous year
The statement of financial position of the bank showed an increase in total assets by 2.5 percent to reach AED 55.0 billion as of 31 December 2021
Airbus cancels Qatar Airways plane order as feud deepens
The order was worth $6 billion at catalogue prices, though airlines are usually charged less for large purchases.Airbus has cancelled an order of 50 A321neo planes from Qatar Airways, one of its major customers
This is in response to the airline grounding several of its A350 aircraft due to an issue with fuselage surfaces
Bitcoin crash tears through investor confidence
The cryptocurrency has lost more than 40 percent of its value since its $67,582.60 peak on November 8 last year.The world watched on Friday as the price of Bitcoin first dropped below $40,000 for the second time this month
It then slid further to go under $39,000, a level it had not seen since August 2 last year, when it had closed at $38,191
UAE Space Agency plans Space Economic Zone at Masdar City
The aim of the venture is said to be to create an integrated business ecosystem to propel startups and SMEs.The Space Economic Zone in Masdar City is expected to encourage the development of the national space industry
The economic zone will apparently do that by offering world-class infrastructure and an enabling environment
Google appeals EU fine
It was fined €2.4-billion for abusing its search engine dominance.The case centers on Google's shopping service and is one of three against the search engine giant currently in the EU's appeals system
The fine had come after seven years of investigation over complaints from other price-comparison services against Google Shopping
Online learning booms in GCC during pandemic
"While online learning is a supplement to a broader educational experience, course enrollment statistics strongly imply that it is a...Online education is a valuable addition to a greater educational experience for many, especially busy professionals
The number of educational providers will expand, as will student adoption of more flexible options
Sharjah University, AUS to launch research for sustainable energy solutions
The Sharjah Research, Technology, and Innovation Park (SRTI Park) revealed an ambitious plan to be executed in cooperation with the...A proposed solution is to convert the generated hydrogen into fuels and chemicals for easier transportation.
AUS scientists are researching the production and use of various hydrogen-carrying molecules in industry.
Saudi Arabia’s real estate Price Index increased by 0.9 percent in Q4 2021
The General Authority for Statistics (GASTAT) released today through its official website a report on Real Estate Price Index in...Residential land prices were responsible for the rise in real estate prices in Q4 of 2020.
The Real Estate Price Index is a statistical tool for measuring the relative change in real estate prices in the kingdom.
Dubai Crown Prince forms committee to oversee Hatta development
Dubai Crown Prince and Chairman of The Executive Council of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has...The Committee is tasked with attracting investments in Hatta by creating investment opportunities for the public and private sectors.
The Committee will also be responsible for approving Hatta’s promotional and marketing plan locally and internationally.
Sharjah Chamber and European Women Association to foster trade ties
The agreement also provides the exchange of commercial data and statisticsAn MoU signed by the two sides will encourage the exchange of trade delegations and discussions in the fields of export and economy.
The MoU was signed by Abdullah Sultan Al Owais, Chairman of the SCCI, and Yulia Stark, President of the European Women's Association.
