UAE announces US$2,722 penalty for late corporate tax registration
ABU DHABI, UAE – The Ministry of Finance on Tuesday announced the issuance of Cabinet Decision No. 10 of 2024...Business Economy Geostrategy
Goldman Sachs, Mubadala ink pact
The two firms have signed a $1 billion private credit deal.Company News Business Economy Global
ECB mulls rate hike slowdown on ‘peak inflation’ hopes
As part of its monetary policy tightening, the ECB will on Thursday outline the next steps in its efforts to...Following two consecutive interest rate hikes of 75 basis points, markets are on tenterhooks to see whether the ECB will keep up the aggressive pace or downshift to 50 basis points
This week's meeting of the ECB's 25-member governing council in Frankfurt will be the final one of 2022, a year that will be remembered for unprecedented consumer price shocks
UAE asks govt entities to buy locally produced food
The decision has been taken to support local production while the government continues to embrace open trade policy.The decision has been taken to support local production while the government continues to embrace open trade policy
The desert country is working on vertical farming under a joint venture between Emirates Flight Catering and US-based Crop One
Dubai Customs and South Korea to boost trade ties
Dubai, UAE— Dubai Customs and a delegation from South Korea have discussed ways to further develop mutual trade cooperation. Dubai...Dubai Customs shared their experience in developing smart customs services and digital systems with the delegation
The Korean delegation learned about the Post Clearance Audit System, which targets risky clearance transactions and enhances transparency in trade
TBI denies loan for ‘fake projects’, says recovered 1 trillion, 500 billion dinars
Responding to a story published on one of the satellite channels, the bank explained the amount of the total loans...Responding to a story published on one of the satellite channels, the bank explained the amount of the total loans in the bank is inaccurate
The bank stressed there are no loans for fictitious projects, saying the report in the media which doesn't identify its sources directly affects it
China scraps Covid tracking app as virus rules ease
More than two years after it was launched, China will retire "Communications Itinerary Card", which tracks people who have been...It comes just days after China announced an end to large-scale lockdowns, mandatory quarantine in central facilities, and a broad relaxation of testing measures
The app is only one of a panoply of tracking apps that have governed everyday life in China throughout the pandemic
Yemen war has killed or maimed over 11,000 children: UN
Hundreds of thousands have died since, either as a result of fighting or indirectly through unsafe drinking water, disease outbreaks,...About 2.2 million Yemeni children are acutely malnourished, one quarter of them aged under five, and most are at extreme risk from cholera, measles and other diseases
Yemen's war broke out in 2014 and quickly saw Iran-backed Houthi rebels seize the capital Sanaa, prompting Saudi-led forces to intervene to prop up the government
Algeria’s Sonatrach starts production in new gas field
The company announced the completion of production of the Tinrhert gas field at the end of November 2022.The company announced the completion of production of the Tinrhert gas field at the end of November 2022
Algeria has signed many energy agreements with European countries during the current year
GCC vows to unify stance of global environment issues
The Gulf countries have highlighted the importance of coordinating and unifying the stances of the regional bloc in all international...The Gulf countries have highlighted the importance of coordinating and unifying the stances of the regional bloc in all international environmental forums
The meeeting of GCC ministers responsible for environmental affairs in their respective countries was chaired by Oman's Dr. Abdullah bin Ali Al-Amri
UN says right environment policies can generate 20 million jobs
“It is critical that as we scale up the use of Nature-based Solutions (NbS) we make sure we do not...Nature-based solutions aim to protect, restore, and sustainably manage waters and marine ecosystems.
New Green Jobs for Youth Pact, launched by ILO and UNEP at COP27, aims to create one million new green jobs.
Is GCC insurance industry ready for the change?
Industry experts stress the need for harnessing the momentum the industry has gained after the recovery from Covid setbacks.PwC Middle East advises insurers, as they look to 2025 post Covid recovery, to harness "the momentum they have gained" to meet new challenges.
"Regardless of how insurers capitalize on these trends, they will need to reassess the future and reimagine their place in the world," says Sanjay Jain of PwC.
