Renault Scenic model wins Car of the Year at Geneva auto show
Renault unveiled a new electric vehicle and its Scenic model won the Car of the Year award at the first...
Business
China discovers world’s largest metamorphic rock oilfield in Bohai Sea
BEIJING, CHINA – The China National Offshore Oil Corporation (CNOOC) has announced the recent discovery of the largest metamorphic rock...
Business
Business
Hyperloop to become a reality in years, not decades: CEO DP World
Hyperloop, which is expected to transport passengers and freight at a speed of an airplane, could become a reality before...
- Sultan Ahmed bin Sulayem said India and Saudi Arabia might roll out the transport system first.
- DP World has invested in Virgin Hyperloop, which tested human travel in a hyperloop pod for the first time in 2020.
Business
Has Apple traded magic for profit?
The company under Cook has delighted Wall Street: the Apple brand was worth about $350 billion ten years ago and...
- The company under Cook has delighted Wall Street: the Apple brand was worth about $350 billion ten years ago -- and is worth $2.358 trillion today
- The Californian behemoth has impacted hundreds of millions of lives since its 1976 founding in a garage
Geostrategy
EU aims to cement cooperation with Gulf states, says bloc’s foreign policy chief
DUBAI: The EU aims to cooperate with the Gulf states on climate change, global access to vaccines and supporting the...
- Josep Borrell is on a visit to Riyadh, UAE and Qatar.
- A cooperation agreement will be signed with Saudi Foreign Minister Prince Faisal bin Farhan.
Arts & Culture
Sharjah International Book Fair begins on Nov 3
Organised by the Sharjah Book Authority (SBA), the annual fair is one of the top three book fairs in the...
- Organised by the Sharjah Book Authority (SBA), the annual fair is one of the top three book fairs in the world.
- Authors, publishers, creatives, and intellectuals from around the world will take part in the fair's activities over the 11-day period
Business
Sharjah, Guatemala explore ways to boost trade, cultural ties
Sharjah and Guatemala have held discussions on enhancing trade exchange relations and joint investment opportunities in vital sectors like tourism,...
- Sheikh Fahim Al Qasimi, Chairman of the Department of Government Relations (DGR) in Sharjah, hosted a high-level Guatemalan delegation
- Malouf, who is also the head of the Guatemalan delegation at the ongoing Expo 2020 Dubai, was accompanied by Lars Pira, Guatemala's Ambassador to the UAE
Business
UAE and India resolve to strengthen ‘deep economic ties between the two countries’
The United Arab Emirates and India have resolved to strengthen ‘the deep economic ties between the two countries,’ while noting...
- Both sides recognized the collaboration between India and UAE during this difficult period and appreciated the leadership provided by the two countries
- At the meeting, discussions were also held on exploring mutually beneficial methods and incentives to facilitate further investment from UAE sovereign investment entities
Geostrategy
Iran bans LG and Samsung home appliances
The import of home appliances made by these two South Korean companies is now banned by Iran, following an apparent...
- Iran’s Supreme Leader Ayatollah Khamenei ordered the ban in response to a call by local producers
- Their request followed Khamenei’s insistence in recent years to ramp up local production of goods and banning the import of similar products
Analysis
Expo 2020 opens doors of hope for humanity
With the stunning opening of Expo 2020, the UAE has proved that it can explore the future that would open...
- The opening ceremony of the Expo 2020 Dubai, which represented a harmonious and impressive mixture, brought together the whole world with its various spectrums
- The event started a new era of excellence and achievement for our dear country in light of the Year of the 50th amid unprecedented domestic, Arab and international media attention
Business
Abu Dhabi lets judges work from anywhere
The move is expected to reduce the litigation time and costs and increase the rate of disposition of cases in...
- Abu Dhabi is now allowing judges to hear cases and render judgments from anywhere, irrespective of the geographical location of registered cases
- Judges of courts in Abu Dhabi, Al Ain, and Al Dhafra are now allowed to use video-conference to hear the cases before them
Market Report
OPEC’s crude oil reserves up 0.3% to 1,237 bn barrels in 2020
World’s proven crude oil reserves stood at 1,549 billion barrels in 2020, increasing by 0.2 percent from the level of...
- World’s proven natural gas reserves fell by 0.4 percent to 206.7 trillion standard cu m in 2020
- OPEC natural gas reserves stood at 73.74 tr standard cu m in 2020, down 1.4 percent from 2019
Renault Scenic model wins Car of the Year at Geneva auto show
Renault unveiled a new electric vehicle and its Scenic model won the Car of the Year award at the first...
Business
Company News
RAK Ceramics’ profit soars in Q1
Business
ADNOC Distribution’s profit up
Business
Latest News
Salik Q1 net profit $74.89m
Business
Dubai Chamber of Commerce reports 43% increase in member firms
Dubai, UAE - The Dubai Chamber of Commerce reported a 43 percent increase in new member companies, reaching a total...
Business
Baguettes fall victim to Tunisia’s economic woes
Around 200 Tunisian bakers stage a sit-in after a government decision to stop selling them subsidized flour, a move threatening...
Business
Most Read
Business
Saudi Arabia, Argentina sign geological cooperation and investment deal
Jeddah, Saudi Arabia -- The Saudi Geological Survey (SGS) and the Argentine Mining Geological Service (SEGEMAR) have signed a Memorandum...
- The MoU aims to enhance cooperation in geological exploration, evaluation of mineral resources, and geophysical exploration of mineral resources and groundwater.
- The agreements were reached during the Saudi delegation's visit to Latin American countries, as part of efforts to strengthen international cooperation and investment.
Opinion
FMCG sector drives global economic growth, innovation
"The growth of the FMCG industry is closely tied to population growth, urbanization, and rising disposable incomes. The sector is...
- The FMCG sector is a primary source of employment, providing opportunities across the supply chain
- The industry has strong linkages with ancillary sectors like packaging, advertising, logistics, and transportation
Business
Toshiba readies deal to go private
The 14bn deal comes after years of turmoil for the company.
- The Japan Industrial Partners-led consortium taking control in the nearly two trillion yen deal includes 17 Japanese firms and six Japanese banks.
- In March, Toshiba said the tender offer will be called off if the consortium fails to buy at least 66.7 percent of the outstanding shares.