Lunate Capital launches Shariah-compliant ETF tracking Indian equities
ABU DHABI, UAE - Lunate Capital announced the launch of the Chimera SP India Shariah ETF, a physical, in-kind, liquid,...Business Economy Markets
Tesla suspends production in Germany
Houthi attacks in the Red Sea caused a shortage of parts.Business
Despite hurdles, interest in 5G high in MENA
As GCC shifts away from dependence on oil and gas revenues, 5G is set to fuel tech growth and ease...5G subscriptions in the MENA have exceeded 1 million at the end of 2020
The deployment of a 5G network faces several challenges
NMC gross revenue in Q3 up
The number of patient encounters was 6.7m, compared to 3.7m in 2020.NMC Group's operating companies would exit administration and hand over the responsibilities to new ownership by the end of this year.
The company, creditors and advisers are working to finalize the regulatory and approvals to enable the exit.
Dubai Economy, Golden Radiant help DED licensed traders to widen reach
Traders holding Dubai Economy's DED Trader license can digitalize their businesses by using SingleCart App and a complete line-up of...Traders can digitalize their businesses by using SingleCart App and a complete line-up of the app's features to reach a larger number of consumers.
The app is designed to help them handle in-store and online sales seamlessly from their smartphone.
Lebanon invites Saudis for talks as diplomatic row deepens
Lebanon on Monday called for talks with Saudi Arabia to ease a spiraling diplomatic row sparked by remarks made by..."Lebanon invites Saudi Arabia to engage in dialogue to solve all outstanding problems and not just the latest spat, so that the same crisis is not repeated every time"
On Friday, Saudi Arabia gave Lebanon's ambassador 48 hours to leave the country, recalled its envoy from Beirut
BNET handpicks new CEO
Bahrain Network (BNET) has announced the appointment of Mr. Ahmed Jaber Aldoseri as its Chief Executive Officer, a former member...Mr. Ahmed Aldoseri held several notable positions in the past including Acting Director General of Information Security and Radio communications
Prior to his current position, he provided consultancy services to the Kingdom of Bahrain’s Government on Cybersecurity matters
Transaction law changes will help raise UAE’s competitiveness ranking: CBUAE
Several amendments to the Commercial Transactions Law related to cheques will contribute to raising the UAE's ranking in the Global...Several amendments to the Commercial Transactions Law will come into effect in Jan 2022.
The changes will also consolidate the principles of justice by striking a balance between the interests of the cheque beneficiary or bearer: CBUAE
Saudi firms refinance SAR10bn real estate agreement
Saudi Real Estate Refinance Company of the Public Investment Fund has announced the signing of a refinancing partnership agreement with...The agreement aims to increase the liquidity in the home financing market in the Kingdom, reduce the cost of home financing for Saudi families
The agreement also supports REDF in enhancing its financial stability
Middle East’s first lithium production facility to come up at KIZAD
The first lithium production facility in the Middle East will be established in the Khalifa Industrial Zone Abu Dhabi (KIZAD),...The $95 million will be set up by Australia's Lepidico at the eco-friendly, zero-waste facility.
Lepidico's special process extracts lithium and recovers valuable byproducts from lithium-mica and phosphate minerals.
Emirates set for Boeing talks: CEO
The talks will be held over the delayed 777Xs 'before and during' Dubai Air Show.The airline has repeatedly complained about the delivery of the long-haul jet, whose launch has been set back by a series of safety and technical problems.
Emirates announced an order of 150 777Xs at the 2013 Dubai Air Show and later revised the deal.
Abu Dhabi launches program to expand knowledge economy
In order to expand the emirate’s knowledge economy, a program designed by Yale University has been launched in Abu Dhabi...The program is being offered in the emirate by First Abu Dhabi Bank through a collaboration with Emirates Foundation and Icon Training & Coaching
It aims to further build the skills of Emirati talent in the financial sector and build capacity
