EU gives accent to landmark rules on artificial intelligence
Brussels, Belgium - The European Union's 27 member states on Friday approved landmark rules on reining in artificial intelligence, passing a key...Business Tech & Media
India announces bill to ban cryptocurrencies
India's government will introduce a bill to ban private cryptocurrencies and create a framework for a central bank-backed digital money,...The proposed bill "seeks to prohibit all private cryptocurrencies in India"
It is the latest such move by a major emerging economy, after China declared all cryptocurrency transactions illegal in September
Omani finance ministry issues government treasury bills worth $194 million
Oman's finance ministry has issued government treasury bills worth Omani Riyal 75 million ($194 million). Treasury Bills are short-term highly...Treasury bills are short-term highly secured financial instruments that provide licensed commercial banks the opportunity to invest their surplus funds.
The bills have a maturity period of 91 days, from 24 November 2021 until 23 February 2022.
Trade between Dubai and Israel grows to $700m
Trade between Dubai and Israel has grown to $700 million since September 2020 when the Abraham Accords were signed.Dubai Government announced on 30th January that the emirate’s trade with Israel in five months, between September 2020-January 2021, had reached $272.26 million
In June 2021, Israel’s Foreign Minister Yair Lapid told WAM that bilateral trade between his country and the UAE had reached over $675.22 million
Ooredoo and Qatar Financial Centre to extend collaboration
Ooredoo and Qatar Financial Centre have signed a partnership agreement to leverage joint experience, expertise, and capabilities to further extend...The partnership incorporates a number of initiatives planned for the coming years, with a clear focus on areas of joint interest
Sectors in which these initiatives will be rolled out include digital innovation, smart cities, fintech, cybersecurity API, cloud solutions
QFZA and Aspiration to bring sustainability services to MENA
Qatar Free Zones Authority (QFZA) and Doha Venture Capital (DVC) have signed an agreement with Aspiration to expand access to...The partnership is in line with QFZA's efforts to develop the world’s first net zero free zones
The agreement is part of a broader collaboration between Aspiration and Qatar Free Zones
GSCCO enhances Jubail port
The company is part of the UAE-based Gulftrainer group.GSCCO has carried out enhancements to the Jubail Commercial Port in Saudi Arabia to increase its capacity
With the upgrades, the port now has the capacity to process 1.8 million 20-foot containers or TEUs per year
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
