Government, financial sectors top cyberattack targets
The Middle East's oil and gas sector also stays on hit list of of cyberattackers, Trellix CEO Bryan Palma tells...Business
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
Mena students in US are a changing demographic
The factors that draw students to the US include the learning environment, a global perspective, and better employment prospects.Students from the Middle East and North Africa region going to the United States for education at various levels for years now
However, their numbers have changed over time, due to various reasons and at different times
Central Bank of Kuwait conducts another round of Shariah auditor program
The Central Bank of Kuwait (CBK) has launched the fourth round of the Certified Shariah Auditor program to strengthen the...Around 100 certified auditors have graduated in the past sessions of the program.
CBK had issued instructions regarding Shariah Supervisory Governance in Kuwaiti Islamic Banks in 2016.
ENOC of UAE to market lubricants for Egypt in a three-year deal
United Arab Emirates’ National Oil Company (ENOC) has signed a three-year agreement with Royal Marine Services in Egypt to distribute...ENOC Misr, a joint venture between Proserv Egypt Group and ENOC, will be handling the local marine market, while Royal Marine services will manage the International marine market
ENOC supplies lubricants that are used in a wide range of marine vessels, including heavy duty diesel engines
Iran and Azerbaijan to sign business deals in energy sector
Iran and Azerbaijan will sign agreements for cooperation in various energy sectors soon, according to Iranian Oil Minister Javad Oji.Oji made the announcement after a meeting with Azerbaijan’s Deputy Prime Minister and Minister of Economic Development Shahin Mustafayev in Tehran
The development of oil and gas fields in the Caspian Sea was another subject discussed during the meeting with the Azerbaijani delegation
