False tweet from US regulator briefly sends bitcoin soaring
The jump in the price of bitcoin to almost $48,000 came immediately after the SEC published a message on its...Business
Dubai’s RERA signs MoU with Zand Digital Bank
Dubai, UAE--The Real Estate Regulatory Agency (RERA), the regulatory arm of Dubai Land Department (DLD), signed a memorandum of understanding...Business
American Airlines trims flights
The US carrier is waiting for the new Boeing 787 DreamlinersThe major US carrier is still waiting for the new Boeing 787 Dreamliners it ordered and will not resume flying routes in the summer of 2022 as previously planned
Demand for long-distance flights has been slow to recover from the pandemic downturn, but US carriers have been eyeing summer 2022 as a key moment in the comeback
EGA signs 3 year agreement with China’s Bosai Group
The company has supplied Bosai Minerals Group over one million tonnes of bauxite in 2021 under short-term agreements.The company has supplied Bosai Minerals Group over one million tonnes of bauxite in 2021 under short-term agreements
EGA operates a transshipment facility in Guinea, enabling its bauxite to be shipped using giant Capesize vessels
Masdar, Taaleri SolarWind II Fund launch wind farms in Poland
"This event marks a key milestone in Poland’s renewable energy journey and demonstrates Masdar’s commitment to the nation’s climate action...In January, both companies announced they had each acquired a 50% stake in the projects, marking their first investment in the Polish renewable energy market
The projects produce enough electricity to supply approximately 90,000 households in Poland, and offset 146,000 tonnes of carbon dioxide each year
Mubadala acquires stake in Sibur
This is the company's largest investment in Russia yet.The acquisition terms were agreed upon before Sibur's recent merger with TAIF.
In 2015, Mubadala invested in Sibur’s transshipment terminal in Ust-Luga.
Etihad and ITA Airways sign pact
Codesharing agreement to boost travel and tourism between Italy and UAE.The agreement will also offer travelers more options and better connectivity when traveling through Rome Fiumicino, Milan Malpensa and Abu Dhabi.
The partners are also working together to expand the scope of their cooperation over the coming months.
Gulf boardrooms still a man’s world
Female representation on boards and at higher levels across the Gulf is trailing behind much of the rest of the...Research from McKinsey & Company shows that organizations with greater diversity among their executive teams enjoyed both greater profits and longer-term value.
McKinsey’s research also found that companies with low rates of both gender and racial diversity are 29 percent more likely to make less money.
Half of Iran’s civil jets grounded for lack of spare parts
The shortage represented more than half of the civilian aircraft in the sanctions-hit country, he said in an interview this...The shortage represented more than half of the civilian aircraft in the sanctions-hit country, he said in an interview this week
According to the Iranian economic daily Financial Tribune, national carrier IranAir currently operates a fleet of 39 planes, the majority of them Airbus jets
Mubadala invests in US-based Medallia
Medallia captures experience data from customers and employees.Medallia was founded in 2001 and is a provider of experience management software to customers.
Mubadala was founded on 19 January 2017 and Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan is its Chairman.
Coalition says record drugs haul seized near Gulf in 2021
The value of the drugs seized by the Bahrain-based Combined TCommander of CTF 150, Royal New Zealand Navy Captain Brendon...The value of the drugs seized by the Bahrain-based Combined Task Force 150, or CTF 150, exceeded the past four years combined
The haul including 6,550 kilograms of heroin, 4,052 kilograms of methamphetamine and 56,834 kilograms of hashish was all destroyed
UAE biggest trading partner of Australia, relations between two growing
The UAE is Australia’s largest trading partner and the second-largest source of investment in the Middle East, said Justin McGowan,...Annual trade between the two countries is valued approximately at AU$9.8 billion ($7.1 billion).
More than 250 Australian companies are based in the UAE, said Justin McGowan, Commissioner General of Australia at Expo 2020 Dubai.
