China, Canada retaliate to Trump tariff war as markets fall
Washington, United States -- Mounting trade wars between the United States and its largest economic partners deepened Tuesday as huge...Business Economy
How cyber criminals steal cryptocurrency
Hackers from North Korea have become notorious for their sophisticated and relentless tradecraft, according to Chainalysis. Nearly 60 percent of...Technology Business
ADQ, ADNEC Group sign agreements
They will buy 40.5% stake in TMG Holding’s hospitality business.ADQ and ADNEC will invest through a special purpose vehicle, with 49 percent equity ownership by ADQ and 51 percent equity ownership by ADNEC.
ICON is a leading player in Egypt’s luxury and upscale hospitality market, with a track record of building and owning some of the most celebrated luxury hotels in Egypt.
Abu Dhabi real estate deals hit $517 million since Jan 1: DARI
Abu Dhabi, UAE -- Real estate transactions in Abu Dhabi amounted to approximately AED 1.9 billion ($517 million) in the...The value of real estate mortgages in the emirate reached about AED 1.5 billion through the registration of 215 mortgage deals.
Al Saadiyat Island topped the list with a value of AED 8.9 million, followed by Yas Island which occupied four consecutive positions, totaling about AED 23 million
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,...The fund will track the performance of Shariah-compliant Indian equities listed on the Bombay Stock Exchange.
The Index tracks the performance of the 30 most liquid Shariah-compliant Indian stocks listed on the BSE.
CBUAE cancels license of First Insurance Brokers Company
ABU DHABI, UAE - The Central Bank of the UAE (CBUAE) has cancelled the license of First Insurance Brokers Company...The sanction comes as a result of the CBUAE’s decision following the company’s non-compliance with the regulations.
The CBUAE works to ensure that all insurance companies and related professionals comply with laws and regulations.
QNB net profits up 8% in 2023
The QNB Group posted a net profit of $4.25 billion.The bank said that earnings per share (EPS) amounted to QR 1.55 as of 31st December 2023 compared to QR 1.44 for the same period in 2022.
The bank's board has announced the distribution of a cash dividend of 65 percent of the nominal share value (QR 0.65 per share).
Tawazun Council acquires TASNEEF
Subsidiaries of TASNEEF were also acquired.This strategic move aims to enhance the council's role in developing national defense industries, the Council said.
TASNEEF has established a number of services, including issuing rules of relevance to the classification of ships.
Sharjah, Sfax chambers look to boost ties between UAE and Tunisia
Sharjah, UAE--The Sharjah Chamber of Commerce and Industry (SCCI) and the Chamber of Commerce and Industry of Sfax, Tunisia, held...The talks centered upon holding joint events and improving coordination to encourage businessmen to participate in exhibitions
The Sharjah Chamber received an invitation from the Tunisian side to participate in an exhibition at the Sfax International Fair
Tesla suspends production in Germany
Houthi attacks in the Red Sea caused a shortage of parts.Tesla said the Red Sea attacks had led to delays that created a "gap in the supply chains", resulting in production being suspended
Houthis have ramped up attacks on commercial and military vessels in the Red Sea in what they say is solidarity with Palestinians in Gaza.
Wars to cast pall over meeting of global VIPs in Davos
Paris, France - The world's political and business elites will convene in Davos next week, with wars in Gaza and Ukraine...Russia's nearly two-year-old assault on Ukraine has taken centre stage at previous editions of the World Economic Forum (WEF)
The gathering "is taking place against the most complicated geopolitical and geoeconomic backdrop in decades", said WEF president Borge Brende
UAE and Costa Rica conclude talks on signing CEPA
Dubai, UAE-- The UAE and Costa Rica have concluded negotiations to sign a comprehensive economic partnership agreement.In this connection, Dr....The two countries will eliminate tariffs, reduce barriers to trade, promote private-sector collaboration and create pathways for investment
Non-oil trade between the UAE and Costa Rica has been growing consistently year-on-year, climbing 23% in 2022 to reach US$60.4 million
