Nespresso faces $330 m lawsuit in Switzerland over capsules
Zurich, Switzerland - A French television star and a group of investors are demanding 280 million Swiss francs ($330 million) from...Business
Al Arabia subsidiary wins Dubai contract
The contract was awarded by Dubai Roads and Transport Authority.Company News Business
Iran, Turkmenistan, Kazakhstan sign MoU on railway cooperation
The rail cooperation document was signed between the three countries on the sidelines of the summit of ECO member-states.The rail cooperation document was signed between the three countries on the sidelines of the summit of ECO member-states
The MoU stipulates that a joint working group be formed to oversee the growth of cargo passing through the transit route
Saudi index falls significantly while UAE market diverges
Stock exchanges in the GCC region saw quite a few ups and downs this week.The Saudi index faced a significant fall this week, the first since October 2020, due to military struggles with Yemen
With Al-Rajhi Bank missing 4.5 percent and Saudi Arabian National Bank dropping 3.7 percent, the Saudi index fell 2.7 percent on Monday
GCC region at the heart of the future of esports: GMIS
Hosted by the Global Esports Federation (GEF), the event was part of the GMIS Week that runs from 22 to...Hosted by the Global Esports Federation (GEF), the event was part of the GMIS Week that runs from 22 to 27 November at Expo 2020’s Dubai Exhibition Centre
Dr Khizer Kaderi, Member of the GEF Health & Wellness Commission, defined the metaverse as a confluence of physical and digital worlds
Apple’s iPhone prices bite in Turkey despite Black Friday
Persistent double-digit inflation and the weakness of the Turkish currency has eroded the purchasing power of Turkish consumers, leading to...The lira has lost 38 percent in value against the dollar since the start of 2021, surpassing 13 to the dollar at one point earlier this week
Certain Apple devices were 25 percent more expensive than usual on Friday -- with some increases worth more than the local minimum wage
Masdar to build Armenia’s largest solar plant on DFBOO basis
Masdar, a renewable energy company and a subsidiary of Mubadala Investment Company, will build a 200-megawatt solar photovoltaic (PV) plant...The plant will span over 500 hectares and will create a large number of direct and indirect jobs.
The project company will be 85 percent owned by Masdar and the rest by the Armenian National Interests Fund.
UAE reviews measures to counter money laundering
Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, chaired a meeting of the Higher Committee...The UAE has been working closely with the Financial Action Task Force (FATF) to ensure the UAE’s legal, regulatory and operational standards meet global standards
The Committee also reviewed progress made by the UAE in recent months, set out in the UAE’s latest progress update to FATF
Dubai introduces ‘electronic notary public’ after amending the law
Dubai has introduced an automated system that performs the duties of the notary public without human interference and does away...The automated notary public has been introduced as part of Dubai’s smart government transformation.
Companies providing notary public services are now required to inform Dubai Courts about licensed individual notaries public working in the company.
Tips to consider before starting a new business
With the Covid-19 pandemic leading people to start their own businesses, a good beginning could make all the difference.While it is feasible to start a business with limited resources, there are always obstacles to overcome
Over 65 percent of businesses fail within 10 years, and approximately 20 percent within two years
Dubai and Abu Dhabi to vie for Gulf Capital’s offering
Gulf Capital, a UAE-based financial institution, has added Abu Dhabi and Dubai to the list of potential markets for the...Gulf Capital bets on growth in Asia to outperform US and European markets
The UAE-based institution manages more than $2.5 billion worth of assets
Arrival of a ship carrying 1,200 passengers marks start of Dubai’s cruise season
The arrival of the 252-meter-long cruise ship, AIDAbella, at Dubai Harbour on Friday marked the start of the cruise season...The arrival of 252-meter-long cruise ship AIDAbella also marks the official debut of the region’s largest Dubai Harbour Cruise Terminal.
Dubai’s 2021-2022 season, which commenced in October, is expected to welcome 126 ship calls and over 500,000 cruise visitors.
