China’s Xi promises US$50 billion for Africa over next three years
China, the world's number two economy, is Africa's largest trading partner
Business
Asia shares edge up and dollar down; oil gains
Asian shares crept cautiously higher on Monday, while the dollar and bond yields were on the wane ahead of inflation...
Videos
Ways of digital banking in Middle East
The establishment of over 40 financial free zones in the UAE has encouraged innovation in digital banking. The fintech market...
- Banking that is done through the digital platform without any paperwork is referred to as digital banking.
- Increased efficiency, cost reduction and increased accuracy are some of the advantages of digital banking.
Business
Arrival of first ship in Lebanon with Ukraine grain put off
The Sierra Leone-flagged Razoni was cleared for passage through the Bosphorus Strait by a team that included Russian and Ukrainian...
- An official following the shipment said the vessel might not even dock in Lebanon if the cargo's owner manages to sell it elsewhere
- The Sierra Leone-flagged Razoni set sail from the Ukrainian port of Odessa last Monday carrying 26,000 tons of corn, and stopped in Turkey the next day
Market Report
GCC stocks rise amidst US-China tension
The performance of the Gulf stock exchanges varied this week, affected by several factors and events, most notably the tension...
- The performance of the Gulf stock exchanges varied this week affected by several factors and events
- The visit of US House Speaker Nancy Pelosi to Taiwan and the tension between the United States and China affected the stock market
Business
Dubai Chambers gets new CEO and President
Dubai Chambers has announced a leadership change, with Hamad Buamim, President and CEO, moving on after 16 years of service....
- He replaced Hamad Buamim, who was the President and CEO of Dubai Chambers for past 16 years.
- Under Buamim, the membership of Dubai Chambers by over four times from 80,000 to over 320,000.
Geostrategy
Turkey to pay for some Russian gas in rubles, says Erdogan
President Recep Tayyip Erdogan has confirmed that Turkey will start paying for some of its Russian natural gas imports in...
- Neither Erdogan nor Russian officials have said what portion of the gas will be covered by ruble payments
- Russia accounted for about a quarter of Turkey's oil imports and 45 percent of its natural gas last year
Science
Sustainable research centers in UAE being built on SDME designs
Several regions across the UAE are witnessing the implementation of the designs of some of the teams that participated in...
- In the UAE many sustainable research centers based on the designs of the teams participating in the first and second Solar Decathlon Middle East are being constructed
- SDMEs were organized by Dubai Electricity and Water Authority as part of its, Dubai Supreme Council of Energy and the US Department of Energy partnership
Economy
Major fall in global food prices in July, says FAO
Food prices dropped significantly in July, marking the fourth consecutive monthly decline since record highs earlier this year in the...
- Food prices dropped significantly in July, marking the fourth consecutive monthly decline since hitting record highs earlier this year in the wake of the developments in Ukraine
- The decline was led by double-digit percentage drops in the cost of vegetable oils and cereals
Khalifa Fund offers US$30 million to support SMEs in Kenya
The agreement aims to promote entrepreneurship and develop Small and Medium Enterprises (SMEs) in Kenya.
- The agreement aims to promote entrepreneurship and develop Small and Medium Enterprises (SMEs) in Kenya
- Under the agreement, more than 3,000 projects with 40 percent allocated for women will be financed nd are expected to generate nearly 13,000 job opportunities
UAE to invest $1bn in Pakistani companies across various sectors
The move aims to explore new investment opportunities and areas for cooperation in the best interest of the two countries.
- The move aims to explore new investment opportunities and areas for cooperation in the best interest of the two countries
- The two countries will cooperate in various fields, including gas, energy infrastructure, renewable energy, logistics etc
Economy
Jordanian Senate examines draft investment law
Jordan Senate's Finance and Economic Committee hosted an expert in economic affairs at the National Democratic Institute (NDI), to look...
- Jordan Senate's Finance and Economic Committee examines the draft law regulating the investment environment in the country.
- Investment-related laws should streamline business procedures, economic activities, spur investment and enhance competitiveness of the economy
China’s Xi promises US$50 billion for Africa over next three years
China, the world's number two economy, is Africa's largest trading partner
Business
Company News
ADNOC Gas signs deal with IOCL
Business
Latest News
Israel makes progress on water-for-energy pact with Jordan and UAE
Dubai, UAE - Israel's energy minister and the CEO of the UAE's renewable energy firm, Masdar, have met to advance...
Economy
World Bank chief vows to tackle ‘dysfunctionality’ at development lender
The former Mastercard chief executive told the Council on Foreign Relations in New York that the bank should alter its...
Economy
Morocco looks to become key player in green hydrogen
According to the country's economy minister, around 1.5 million acres of public land -- nearly the size of Kuwait --...
Economy
Most Read
Business
DP World spends US$6bn
It invested the money to be a big supply chain player.
- DP World's CEO, Sultan Ahmed bin Sulayem, made the remarks during the 21st Arab Media Forum in Dubai, at a session titled ‘Trade in a Changing World’
- He said the company made the switch from operating ports to becoming a global leader in smart end-to-end supply chain logistics, facilitating worldwide trade flows
Economy
Innovation steers Middle East through tourism swings
Facing tourism seasonality challenges, the region diversifies offerings, enhances infrastructure, and collaborates, for year-round success despite temperature fluctuations.
- The Middle East combats tourism seasonality and temperature challenges with innovative strategies for consistent year-round appeal
- Using diversified tourism, improved infrastructure, and collaboration, destinations can maximize off-peak season benefits in the region
Geostrategy
France warns Lebanon financial aid at risk over presidency deadlock
French President Emmanuel Macron's special envoy urged Lebanese factions to find a "third way" for electing a new president, warning...
- Lebanon has been without a president for almost a year after ex-head of state Michel Aoun's mandate expired.
- Lebanon's president is elected by parliament, where neither side has a majority, rather than by universal suffrage.