WTO ministers struggle to forge deals as talks go into overtime
ABU DHABI, UAE – World trade ministers were locked in disagreement Thursday on fisheries subsidies, agriculture and digital customs duties as...Business Economy Geostrategy Global
Abu Dhabi sees 67% annual rise in number of AI company registrations
Abu Dhabi, UAE - The number of AI companies registered in Abu Dhabi grew at a compound annual rate of...Economy
GCC banks to benefit from 2022 growth momentum
Since the COVID-19 outbreak, GCC banks have experienced a growth of more than 10 percent annually, a positive sign that...GCC banks will also reap the benefits of reduced overhead thanks to fewer branches and a smaller workforce.
A few GCC banks have expanded into risky countries, especially Turkey and Egypt.
Dubai court authorizes jailed Brit’s fraud extradition, say lawyers
DUBAI, UAE - A Dubai court Thursday authorized the extradition of a British national wanted over an alleged 1.7 billion...Hedge fund trader Sanjay Shah was arrested in Dubai in June, but the emirate's Court of Appeal in September rejected an extradition request by Denmark.
Shah is accused of running a scheme for three years from 2012 in which foreign firms pretended to own shares in Danish companies and claimed tax refunds.
TSMC begins making 3nm chips
TSMC operates the world's largest silicon wafer factories.TSMC is also Apple's primary chip supplier.
Its 3nm-process chips are expected to have more processing power while using less power, boosting battery performance.
ADJD discusses developments in Evidence Law in civil, commercial transactions
ABU DHABI, UAE - Participants in the second Justice Partners Forum organized by Abu Dhabi Judicial Department (ADJD) discussed the...The virtual forum highlighted the importance of partnering with lawyers.
The forum also reviewed a number of cases handled by the courts.
Fujairah Chamber board approves 2023 operational plan and budget
Fujairah, UAE-- The Board of Directors of the Fujairah Chamber of Commerce and Industry stressed the importance of encouraging private...2023 operational plan comprises several programmes and activities, including the development of the chamber's electronic system.
The Board stressed the importance of encouraging private sector companies and institutions in the emirate to improve their products.
Subscription to Unemployment Insurance Scheme starts on January 1
The Unemployment Insurance Scheme (UIS) aims to create a low-cost job safety net that supports employees in their professional journey.The Unemployment Insurance Scheme (UIS) aims to create a low-cost job safety net that supports employees in their professional journey
Anyone who loses their job as a result of termination of services is entitled to a maximum three-month cash compensation
Net foreign investments in UAE stocks hit $8bn since start of 2022
The volume of investments is the outcome of the UAE's ongoing efforts to attract foreign investors.The volume of investments is the outcome of the UAE's ongoing efforts to attract foreign investors
Non-Arab investors' purchases of local shares in ADX and DFM amounted to $37,332,375,493
Tunisia’s Saied downplays puny poll turnout, slams critics
Saied lashed out at unnamed critics, accusing such rivals of "drowning in corruption and treachery" and of "plotting against the...Just 11.2 percent of registered voters took part in the December 17 polls for a neutered parliament, which capped Saied's overhaul of the political system
Turnout - initially announced at just under nine percent - was the lowest since the 2011 revolution that overthrew dictator Zine El Abidine Ben Ali
Construction industry contributed $186.8bn to Arab GDPs in 2021
The Saudi and UAE construction sectors contributed the most to their countries' GDPs, with around $45.5 billion and $36.8 billion,...The Saudi and UAE construction sectors contributed the most to their countries' GDPs, with around $45.5 billion and $36.8 billion, respectively, AMF report said
Egypt ranked third with around $27.3 billion, followed by Qatar, $24.1 billion, Algeria, $19.8 billion, Morocco, $7.7 billion, and Oman with $6.4 billion, according to the report
Algeria offers Sahara tourists visas on arrival
In a statement, it said that "foreigners heading to the south of the country" who have tours booked with licenced...Algeria, Africa's biggest country by surface area, comprises a major chunk of the Sahara including nature reserves and prehistoric sites
But the North African country hosts far fewer tourists than its neighbours, Morocco and Tunisia, relying instead on its vast oil and gas revenues
