Hong Kong court orders liquidation of China’s Evergrande
Evergrande's demise has been closely watched as it was once a pillar of China's economy, with the construction and property...Business
Hamad Al Marar is EDGE CEO
EDGE has a local and global orderbook of over $5billion.Company News Business
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.
Instagram boss faces US lawmakers over impact on kids
Instagram's boss faces a grilling Wednesday from US lawmakers after damning press reports based on leaked internal research showed the...The documents leaked by Facebook whistleblower Frances Haugen include research from 2019 that found Instagram makes body image issues worse for one in three teenage girls
Another report, from 2020, revealed that 32 percent of teenage girls said that when they felt bad about their bodies, Instagram made it worse
Dubai Financial Market announces new trading hours from 3 Jan 2022
Dubai Financial Market (DFM) has announced new trading hours from 3 January 2022. The new trading session of five hours...The new trading session of five hours will be between 10 AM and 3 PM from Monday to Friday.
The new trading hours have been set in coordination with local and international market participants, DFM said.
Ras Al Khaimah moves to regulate transporting passengers by luxury vehicles, limousines
Ras Al Khaimah has regulated the activity of transporting passengers by luxury vehicles and limousines in the emirate. Sheikh Saud...Ruler of Ras Al Khaimah Sheikh Saud bin Saqr Al Qasimi approved Resolution no.3 of 2021 which paved the way for this regulation.
The move mandates Ras Al Khaimah Transport Authority to organise the activity of transporting passengers by luxury vehicles and limousines in the emirate
Iraqi fishermen caught in net of water frontiers
Iraqi fishermen at Al-Faw, such as Tareq Ziad, complain of "being harassed" by both Iran and Kuwait.Iraqi fishermen at Al-Faw, such as Tareq Ziad, complain of "being harassed" by both Iran and Kuwait
The head of the fishermen's union in Al-Faw, Badran al-Tamimi, said they have "no support from the (Iraqi) government"
