US exempts several consumer electronics from Trump’s import tariffs
Washington, United States -- The Trump administration has exempted a raft of consumer electronics from its punishing import tariffs --...
Business
Mubadala Energy enters US energy market
Acquires a 24.1% interest in US firm Kimmeridge’s SoTex
Business
Business
Musk polls Twitter users on his future as CEO
The unpredictable billionaire posted the poll shortly after apparently acknowledging he had made a mistake banning Twitter users from promoting...
- In Twitter exchanges with followers, Musk said he did not have a replacement lined up
- In a downbeat response, Musk said Twitter was "in the fast lane to bankruptcy
Business
Ajman real estate deals up by 73 percent in Nov to $381 million
Ajman, UAE-- The Department of Lands and Real Estate Regulation in Ajman recorded 1121 real estate transactions worth AED1.4 billion...
- Department of Lands and Real Estate Regulation recorded 123 mortgage transactions with a total value of AED 437 million.
- The highest mortgage value was recorded at AED 93.5 million in the “Al-Nakhil 1” area.
Business
EGA to supply CelestiAL solar aluminium to Kobe Steel
The agreement with Kobe Steel will see the supply of EGA’s CelestiAL solar aluminium to one of the largest rolling...
- The agreement with Kobe Steel will see the supply of EGA’s CelestiAL solar aluminium to one of the largest rolling mills in Japan
- EGA currently supplies thousands of tonnes of aluminium to Kobe Steel every year, in a business relationship that stretches back more than 25 years
Business
Twitter to disallow users from promoting rival social platforms
The move of not allowing users to promote their accounts on several rival social media platforms including Facebook and Instagram...
- Twitter users would be barred from posting "Follow me @username on Instagram," the social media giant said
- Twitter co-founder Jack Dorsey questioned the new policy with a one-word tweet: "Why?"
Business
Shah Rukh Khan, other Bollywood stars eye Saudi market
Khan’s Umrah, participation in the Red Sea Film Festival, which followed the filming of Dunki in the futuristic city of...
- Recent years have seen SRK, as he is called in India, develop a close relationship with the Gulf
- Large South Asian diaspora and a growing Arab awareness of Indian films opens up a lucrative market
Science
UN nature deal calls to protect 30% of planet by 2030
MONTREAL, CANADA - A UN nature deal proposed Sunday calls to protect at least 30 percent of the planet by 2030...
- It called on wealthy countries to increase financial aid to the developing world to $20 billion annually by 2025.
- Developing countries, spearheaded by Brazil, were seeking the creation of a new fund to signal the global north's commitment to the cause.
Science
Dubai Supreme Council of Energy reviews efforts to achieve net-zero carbon emissions by 2050
DUBAI, UAE - Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 73rd...
- The meeting discussed a proposal by ENOC to supply petroleum products to Al Maktoum International Airport through the Falcon Station in Jebel Ali.
- It also discussed the national system for trading carbon credits in cooperation with the Ministry of Climate Change and the Environment.
Videos
UAE 2031 vision key to its global ambitions
The vision is based on four pillars that cover all sectors including the society, economy, diplomacy and ecosystem, the government...
- We the UAE 2031’ vision is a national plan through which the UAE aims to pursue its development path for the next 10 years.
- It seeks to "enhance the position of the UAE as a global partner and an attractive and influential economic hub", the government says.
Business
KEZAD Group signs lease
The 50-year lease was signed with Star Paper Mill.
- Under the agreement, Star Paper Mill in collaboration with RC Paper Machines, will expand its existing capacities with an investment of AED200m.
- Star Paper Mill’s new facility would have installed capacity of 135,000 tons to manufacture recycled semi kraft liner, white top liner and testliner.
Economy
‘Rental Disputes Center provides 9 years of stability in real estate sector’
DUBAI, UAE - The Rental Disputes Center (RDC), the judicial arm of Dubai Land Department (DLD), was launched to achieve...
- RDC resolved cases by concluding reconciliation agreements amounting to 10,179 cases that were resolved amicably.
- The average duration of execution of rental judgments and decisions for 2022 is four days, the RDC director says.
US exempts several consumer electronics from Trump’s import tariffs
Washington, United States -- The Trump administration has exempted a raft of consumer electronics from its punishing import tariffs --...
Business
Company News
stc Group posts 9-month revenue
Business
Mulk, Ajman Holding form JV
Business
Borouge Q3 net profit up 22%
Business
Latest News
HSBC Q3 profit up
Business
$661m plot of land among weeklong real estate deals in Dubai
The emirate recorded a total of 3,785 real estate transactions worth AED 16.6bn ($4.51 billion) during the week ending 22...
Business
Export Bahrain and HKTDC sign agreement to ramp up trade ties
Manama, Bahrain--Export Bahrain and Hong Kong Trade Development Council (HKTDC) have signed a strategic partnership agreement to strengthen trade ties...
Business
ESG and sustainability redefine UAE financial markets
"The UAE's success in establishing a fully regulated carbon market, integrating carbon regulation to manage and trade emissions effectively, providing...
Business
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Arts & Culture
10m people attend Riyadh Season 2023 events in first 50 days, says report
RIYADH, SAUDI ARABIA - According to the Riyadh Season, 10 million people took part in the activities organized in the...
- Riyadh Season 2023 started in late October, and since then, it has witnessed a large visitor turnout at all entertainment areas.
- At the Season, visitors can enjoy concerts, exhibitions, festivals and other events in which celebrities and prominent brands participate.
Business
Twitter breached contract on bonuses payment, rules US court
SAN FRANCISCO, US - A US federal court ruled that social media company Twitter, now branded X, violated contracts by failing...
- The breach-of-contract lawsuit was brought by former employer Mark Schobinger in June.
- The court said that Schobinger's claim of breach of contract under California law was valid.
Deyaar, Arady Properties sign MoU
Deyaar is a leading real estate developer in Dubai.
- The MoU outlines the commercial objectives for the project and provides a framework for further negotiations
- Deyaar has developed strategic partnerships with renowned real estate entities in the region and beyond