EU excuses Apple and Microsoft products from tougher tech curbs
Brussels, Belgium - Apple's iMessage and Microsoft's Bing search engine got a reprieve from tougher EU rules curbing how tech titans...
Business
Business
Khalifa University sets up a business unit with AED100m
Khalifa University of Science and Technology has launched a business and investment arm of the university named Khalifa University Enterprises...
- Khalifa University Enterprises Company will include ‘Innovation Acceleration and Startups’ and ‘KU Ventures’
- Its mission is to boost and speed up business engagements with the University
Business
UAE and Greek credit insurance organizations to promote businesses
The UAE's federal export credit company Etihad Credit Insurance (ECI) signed an MoU with Greece’s Export Credit Insurance Organization (ECIO)...
- An MoU between Etihad Credit Insurance and Greece’s Export Credit Insurance Organization will also promote SMEs.
- This agreement follows the recent UAE-Greece high-level diplomatic meetings between the ministers of both countries.
Business
Kuwait begins a drive to educate people on virtual assets
The Central Bank of Kuwait (CBK) and Capital Market Authority (CMA) have launched a campaign to educate people about virtual...
- The CBK and the CMA said in a joint statement on Sunday the campaign was launched as part of efforts to raise people's awareness as how to deal with these assets
- Traders in the digital assets are prone to fall prey to scam, thus these online dealings are quite risky, particularly for individuals
Business
EPG to bring out NFT stamps on National Day
To commemorate the UAE’s National Day, Emirates Post Group (EPG) will issue non-fungible token (NFT) stamps, the first in the...
- These innovative NFT stamps will have a digital twin in the blockchain and will be sold as digital collectibles linked to its physical stamp counterpart
- Buyers will only get to see the digital design linked to the physical stamp after scanning the QR code printed on the front side of the card
Business
ENOC Group records strong growth in supply of lubricants Idemitsu
"Our successful partnership with Idemitsu underlines the Group’s strong competencies in the lubricants business,” Saif Humaid Al Falasi, Group CEO,...
- ENOC Group plans to expand its geographical reach to Jordan, Kuwait, Yemen, Sudan, Ghana, Nigeria, Ethiopia, Tajikistan and Uzbekistan by end of 2021
- In 2020, ENOC signed an agreement with Idemitsu to produce, distribute and manage the supply of lubricants for Idemitsu and Japanese OEM clients
Business
ECI partners with Tradeling for business growth in MENA region
Under the agreement, the ECI will provide Tradeling’s customers with a broad range of trade credit insurance solutions.
- Under the agreement, the ECI will provide Tradeling’s customers with a broad range of trade credit insurance solutions
- In addition to ECI Islamic and SME Protect, other innovative trade credit insurance products will benefit small, mid-cap and large enterprises using Tradeling’s platform
Business
QFZA, Alfardan Automotive partner to build logistical hub
Alfardan Automotive's regional center will be located in the mobility industries cluster in Umm Al Houl Free Zone, located near...
- The hub will cover an area of more than 67,000 square meters and will utilize the latest logistics systems and processes to import vehicles
- QFZA has created specialized clusters within the zones for specific sectors, including maritime, logistics and emerging technology
Business
AD Ports Group inks deal to boost Bahrain cruise sector
Abu Dhabi-based AD Ports Group has inked an initial agreement with Bahrain-based real-estate firms Diyar Al Muharraq and the Eagle...
- Bahrain is tipped to become the fourth high-performing cruise destination in the Arabian Gulf
- It witnessed an increase in annual arrivals in recent years, observing a record high of 130,778 passengers in 2019
Business
Weibo plans $547m HK listing
Hong Kong listing is seen as a hedge against removal from US exchanges
- Listing in Hong Kong is seen as a hedge against the risk of being removed from US exchanges
- China also has been encouraging its big tech players to list either in Hong Kong or Shanghai
Business
Pandemic to cost global tourism $2trn
International tourist arrivals will this year remain 70-75 percent below the 1.5 billion arrivals recorded in 2019, before the pandemic...
- In addition to virus-related travel restrictions, the tourism sector is also grappling with the economic strain caused by the pandemic
- The spike in oils prices and the disruption of supply chains are also complicating matters
Most Read
Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
EU excuses Apple and Microsoft products from tougher tech curbs
Brussels, Belgium - Apple's iMessage and Microsoft's Bing search engine got a reprieve from tougher EU rules curbing how tech titans...
Business
Company News
Latest News
EDGE signs agreement with Turbomachine to jointly build engines
Abu Dhabi, UAE--EDGE has signed an agreement with Turbomachine to work together on the development of engines, including turbofan and...
Business
US to invest $1.2 bn on facilities to pull carbon from air
The two projects -- in Texas and Louisiana -- each aim to eliminate one million tons of carbon dioxide per...
Geostrategy
Riyadh to host Peace and Sport Middle East Forum in Oct
Riyadh, Saudi Arabia -- For the first time, Riyadh will host the Peace and Sport Middle East Forum, powered by...
Arts & Culture
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Business
Saudi League to be broadcast on Fox Sports in USA
The American network will launch the deal with broadcasts of two games on Monday featuring Ronaldo and Karim Benzema. Fox's...
- Ronaldo's arrival in the kingdom has sparked off big money acquisitions and the league will reach fans across the US
- Clubs across Saudi Arabia have deployed their huge budgets to win over football stars like French striker Benzema
Economy
Kazakhstan keen to bolster joint investments with UAE: Razdykovich
The Kazakh minister said his country hopes to benefit from the UAE's experience in tourism and development sectors as he...
- The minister evinced his country's keenness to shore up cooperation with the UAE, particularly in sectors seen as crucial by both countries
- He pledged to support Emirati investors in order to boost areas of cooperation, reaffirming that Abu Dhabi will "always be an important partner for us"
Business
Dubai records 2.6bn in weekly real estate transactions
Dubai, UAE - A total of 3,103 real estate and properties transactions valued at approximately $2.64 billion in total were...
- The weekly DLD report noted that 235 plots were sold for about $609 million, 2,302 apartments and villas were sold for approximately $1.57 billion
- Madinat Hind 4 recorded the most transactions for this week, with 72 sales transactions worth roughly $28.17 million