ABB to pay US$315m fine
Two affiliates of ABB pleaded guilty to bribery charges.
Clean beauty sector grows, so are greenwashing risks
In a positive development, the cosmetic industry at large is becoming greener. Approaches, however, are not always uniform or holistic...
Business
UAE opens embassy in Tel Aviv in latest normalization move
The UAE opened an embassy in Israel on Wednesday in Tel Aviv's new stock exchange building as part of the...
TotalEnergies gets $34m financing from APICORP, NBF
TotalEnergies has secured a $34 million debt from the Arab Petroleum Investments Corporation and the National Bank of Fujairah (NBF)...
UAE, US review countermeasures to deal with financial crimes
A delegation of UAE banks meets a US Treasury official to discuss issues related to financial crime compliance in combating...
World hunger surges to 15-year high as COVID-19 stifles food access
As many as 811 million people – about a 10th of the global population – were undernourished in 2020, a...
Qatar takes key step to control own airspace
Qatar said on Tuesday that it has been given a preliminary green light by a UN body on a proposal...
UAE to launch digital currency within five years
The United Arab Emirates will launch its first digital currency by 2026, the central bank of the country said on...
Oman ruler visits Saudi Arabia in his first official overseas trip
Oman’s ruler Sultan Haitham bin Tariq al-Said visited Saudi Arabia on Sunday on his first official overseas trip since assuming...
Middle East asset management industry grows 11% to $1.2trn
The size of the Middle East’s asset management industry grew 11 per cent from 1.1 trillion of Assets Under Management...
Saudi lawsuits threaten to expose US govt secrets
Legal battle between MBS and Aljabri takes a new twist Washington is likely to consider a rare judicial intervention Two...
Syria govt raises bread, diesel prices as crisis deepens
The price of diesel fuel nearly triples and the price of bread doubles The move brings more pain for civilians...
ABB to pay US$315m fine
Two affiliates of ABB pleaded guilty to bribery charges.
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UAE’s non-oil economy picks up in July, strongest in two years
Latest IHS Markit UAE PMI says firms hoped easing of COVID-19 restrictions and the Expo 2020 later this year would...
IMF officially approves increased lending capacity
The program, which had already been approved by the IMF's executive board in mid-July, will be implemented on August 23
Abu Dhabi cuts procedures to start business by 71 percent
Discussions with stakeholders helped the Abu Dhabi government identify and remove duplicate requirements and modify existing requirements to facilitate the...
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Jordanian flight, with 133 passengers on board, ‘forced’ to make landing
The airline, without disclosing the reason for early landing of the aircraft, said all the passengers and six crew members...
Israel’s govt approves state budget after three-year impasse
A protracted political crisis under former prime minister Benjamin Netanyahu generated political instability that prevented the passing of a state...
RAK Properties net profit rises 348% to AED120m in H1
Revenues of the UAE-based real estate firm, which is listed on the Abu Dhabi Stock Exchange, grew by 121 percent...