Dubai leads way as GCC markets show mixed results
Amid market volatility influenced by geopolitical tensions and fluctuating oil prices, pharma, insurance, and healthcare indices led with substantial gains...Business Markets
Saudi Ports Authority invests US$3.46bn in maritime and logistics sectors
Riyadh, Saudi Arabia-- The Saudi Ports Authority also known as Mawani strengthened the maritime and logistics sectors with an investment...Business
Qatar, Poland to enhance cooperation: Polish Deputy Foreign Minister
Deputy Foreign Minister Pawel Jablonski of Poland said on Monday that Poland and Qatar can increase their cooperation in many...Jablonski said that his current visit to Doha aims to discuss new opportunities to support and advance economic, investment and tourism cooperation
He also discussed with Qatari officials ways to enhance cooperation with the Qatar-Poland Business Council, the Qatar Financial Center, the Qatar Free Zones Authority
Meta launches MENA campaign against child abuse
In the eye of the storm of allegations that it did not act against child abuse, Meta said the campaign...Facebook and Instagram’s parent Meta has launched the “Report it, Don’t Share it” campaign in the MENA region
In the eye of the storm of allegations that it did not act against child abuse and exploitation, Meta said the campaign will prevent exactly those things
E-commerce leads change in Mideast retail, fashion
"During the pandemic, e-commerce grew in popularity since it was the most viable — or only — choice at the...The emphasis on value fashion is a structural shift that is part of the new normal
Building a hyper-convenient service ecosystem can significantly increase reach and profitability
Companies in UAE should invest in technology to stay ahead of digital curve: Microsoft Hololens chief
With the current global circumstances accelerating the need for immersive tools such as augmented reality and virtual reality, businesses across...Pace said that collaboration and investment were key to empowering businesses
She works with a team in San Francisco, US, to address technical challenges to push the barriers and unlock solution
Turkey turns to OECD agreement instead of digital tax
The US Treasury has said in a statement that the deal with Turkey "represents a pragmatic solution.”Turkey had levied 7.5 percent tax on foreign tech firms that generate at least $1.7 million per year in revenue in the country
In response, the US had imposed, but did not collect, tariffs on Turkey, which it will do away with now
UAE’s largest non-oil industrial company joins in-country value program
Emirates Global Aluminum (EGA), the largest industrial company in the UAE outside of oil and gas, has joined the in-country...Emirates Global Aluminum targets doubling its economic impact by 2040.
ICV program is aimed at improving participation of the private sector and facilitating the diversification of GDP.
Maaden of KSA sets up a fertilizer terminal in Africa
Saudi Arabian Mining Co., has established a fertilizer terminal in the African state of Malawi through its subsidiary, the Meridian...The state-of-the-art terminal has an annual bagging capacity of 10 million, and a total production capacity of 360,000 MT per year
The terminal will make available a steady supply of fertilizer to over five million small-hold farmers in Malawi and Zambia
600,000 fish fingerlings delivered to UAE aquaculture companies
A total of 600,000 fish fingerlings have been delivered to several aquaculture companies in the UAE, including Emirates National Fish...Sheikh Khalifa Marine Research Centre, which underwent a renovation, delivered the fingerlings.
The Centre’s hatchery has the capacity to produce 30m fingerlings per year, said Mariam bint Mohammed Almheiri, Minister of Climate Change.
Nuqtah of Saudi Arabia closes pre-seed funding run
Nuqtah, Saudi Arabia’s first non-fungible token marketplace, has closed its pre-seed funding run, but it has not revealed how much...The company which was founded this year enables artists to register and trace their work, and serves as a global platform for buyers
The global NFT market value has seen substantial growth in the past 12 months, rising to $2 billion in the first quarter of 2021
DAFZA and Export Bahrain to collaborate for business
Dubai Airport Freezone Authority (DAFZA) has signed a strategic cooperation agreement with Export Bahrain, establishing frameworks for technical collaboration.The agreement grants Export Bahrain access to the global companies that set up headquarters in Dubai Airport Freezone
In addition, the two sides will cooperate to organize activities, workshops, seminars, and conferences to support establishing relations between companies
