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
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...
G20 ministers endorse global deal to tax multinationals
A framework for international tax reform, including a minimum corporate rate of 15%, was agreed this month by 131 countries...
Fuelling troubles: Row puts Gulf powers on diverging paths
A public row between Saudi Arabia and the UAE has exposed the steadily diverging paths of once inseparable allies who...
Oil prices rise amid growing demand from India, China
Brent crude oil futures were up $1.43, 1.93%, at $75.55 Prices had dropped early in the week by the collapse...
Lebanon: Pharmacies go on strike over medicine shortages
The country is facing what the World Bank has called one of the world's worst economic crises since the 1850s...
Dubai authorities probe Jebel Ali Port blast
Dubai authorities were Thursday investigating an explosion on a container ship carrying flammable materials which unleashed a fireball at one...
Curbs, vaccination drive help GCC minimize COVID-19 impact
Strict restrictions and intensive vaccination drive help the region deal with the pandemic Massive drop in global oil demand and...
Dubai’s consumer confidence surges to a ten-year high, signaling economic recovery
The second quarter of 2021 saw consumer optimism at its highest Consumer confidence rose to 151 points as against 125...
Saudi Arabia to generate $150 billion in investments from its new transport policy
The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private...
Oil prices extend gains after OPEC+ talks fail, equities mixed
Brent broke above $77 for the first time since 2018 Breakdown of talks raises the possibility of $100 a barrel...
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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
ABB to pay US$315m fine
Two affiliates of ABB pleaded guilty to bribery charges.
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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...
UAE children aged 3-17 to receive Chinese Sinopharm vaccine
The UAE has decided to inoculate children between the ages of 3 and 17 with Chinese Covid-19 vaccine Sinopharm. Children...
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...
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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...
Saudi economy likely to grow nearly five percent this year
Saudi economy is expected to grow 4.8 percent in 2021 from 2.2 percent last year, according to the estimates of...
UAE among world’s fastest countries in deploying 5G
The latest technology is likely to accelerate the deployment of tech solutions that enable establishment of smart cities, including smart...