London, United Kingdom -- New UK age verification measures to prevent children accessing harmful online content came into force on...
Washington, UAE -- Global gas flaring surged for a second year in a row, wasting about $63 billion in lost...
London, United Kingdom - World stock markets mostly rose Wednesday as investors jockeyed for position before key US inflation data. London...London equities climbed after the Bank of England announced that all major UK retail lenders passed stress tests to assess their resilience to economic shocks.
Frankfurt and Paris also advanced before the week's main event, the US consumer price index, which forecasts suggest will show a further softening.
BRUSSELS, BELGIUM- The European Commission approved US chipmaker Broadcom's planned $61 billion takeover of cloud computing firm VMware on Wednesday, conditional...The massive deal had raised concerns about competition, prompting probes by antitrust watchdogs in the European Union and Britain.
As a remedy, Broadcom offered interoperability commitments to rival Marvell Technology and any other potential competition.
Nearly 140 countries have taken a first step towards reaching agreement on a fairer distribution of tax revenues from multinational...Multinationals, especially tech firms, are currently able to easily shift profits to countries with low tax rates.
In 2021, in talks led by the OECD, an agreement was reached on a minimum tax rate of 15 percent on multinationals.
The deposit comes a day after Saudi Arabia transferred $2 billion to Islamabad and brings the state's foreign reserves to...Inflation has rocketed, the rupee has plummeted, and the country is struggling to afford imports, causing a severe decline in industrial output.
Securing financial support from friendly nations has been a key condition of the IMF for approving a new standby deal for Pakistan worth $3 billion.
New firm is a $54 million corporate venture capital fund.Funded by Agthia and its parent company ADQ, Agthia Ventures will be managed together with Touchdown Ventures.
Agthia Ventures will help entrepreneurs through access to the firm’s extensive industry knowledge, diverse distribution networks.
It is for capital expenditure of T4-NGS satellite program.The program, the next-generation telecommunications system for Thuraya, is scheduled to begin operational service in H1 2025.
The total cost of the program is up to $550 million, including manufacturing, launch, insurance and new ground infrastructure.
DUBAI, UAE – Dubai Chambers is taking a big initiative for ensuring that businesses in the emirate provide excellent customer...Service Excellence Program will evaluate the quality of customer experience through mystery shopper reports.
The initiative will ensure the implementation of global best practices within Dubai’s business community.
A minority stake in Breakwater Energy cost it US$100m.The group by virtue of its new acquisition will become part owner of a profitable and cash-generative, diversified global upstream portfolio
It poured some US$2.72 billion last year into Abu Dhabi National Energy Company (TAQA), an integrated utility champion in the EMEA region
Riyadh, Saudi Arabia--ROSHN, the Saudi real estate developer, has signed a memorandum of understanding (MoU) with the Expenditure and Project Efficiency...The partnership between the two will increase the sustainability of the PIF-backed giga project and also ramp up its activities
The cooperation with leading groups in the nonprofit sector is designed to lift up the quality of life for the underprivileged families
- London, Britain - The UK government has announced plans to reform the Consumer Credit Act (CCA) which is expected to...
The CCA, established in 1974, regulates various credit transactions, including Islamic finance products, such as credit card purchases, personal loans, and consumer hire agreements
The proposed reforms, combined with organic development and the utilization of FinTech solutions, will further support the expansion of Islamic finance in the country
