US pushes naval coalition as Yemen rebels vow to attack more ships
The United States pushed to build up a multinational naval task force to protect a key global shipping lane from...Business Economy
Oil prices rise following Red Sea attacks
Oil prices shot up three percent as more companies suspended shipping through the Red Sea following attacks on vessels by...Business Economy Energy Geostrategy Global Markets
Syria to withdraw subsidy to its richest citizens
Syria's 800,000 richest citizens -- typically high-earners working in the private sector -- will now be exempt from government subsidies...In a press conference, Syria's Internal Trade Minister, Amro Salem, said that there are segments of society that do not need subsidies
Syria's 800,000 richest citizens -- typically high-earners working in the private sector -- will now be exempt from government subsidies on bread and fuel
UAE unveils hydrogen leadership roadmap
Green hydrogen is envisaged to play a significant role in UAE’s domestic strategy to meet the UAE 2050 Net-Zero goals.The roadmap is said to be a comprehensive national blueprint to support domestic, low-carbon industries in the UAE
It is also expected to contribute to the UAE’s net-zero ambition, and establish it as a competitive exporter of hydrogen
Urban management can benefit from blockchain
Blockchain may be able to solve quite a few of the problems in the planning and implementation of a smart...While smart cities are a key trend, today's hurdle is high competition and complex device integration
Blockchain technology may be able to take care of not only these but also security and other issues
Abu Dhabi Securities Exchange launches derivatives market
The new market will give investors and traders the opportunity to benefit from increased leverage, two-way market exposure, and hedging...The new market will give investors and traders the opportunity to benefit from increased leverage, two-way market exposure, and hedging capabilities
Index futures will be introduced in the first quarter of 2022, ahead of the expansion into a wider range of derivative products.
Abu Dhabi realty transactions hit AED 16 billion in Q3
Among the 3,932 real estate transactions involving land and buildings generated AED 4.6 billion, while 2,224 mortgage transactions generated AED...Among the 3,932 real estate transactions involving land and buildings generated AED 4.6 billion, while 2,224 mortgage transactions generated AED 11.6 billion
Yas Island topped the Q3 2021 report with the highest value in terms of total sales at AED 1.1 billion, followed by Saadiyat Island with total sales of AED 705 million
Top oil producers stick with modest output boost
This is despite pressure from big consumer nations to open up the taps much more decisively amid soaring prices. The...The decision came from the 13 members of the Organization of Petroleum Exporting Countries and their 10 allies
They reconfirmed, in a brief meeting via videoconference, a July decision to gradually step up production each month
Top oil producers to assess output amid pressure to open up the taps
The powerful producers led by Saudi Arabia and Russia in the so-called OPEC+ grouping are expected to re-affirm a decision...There is pressure from the US and other big consumers to open up the taps much more decisively.
OPEC+ members seem to prefer to stick to their plan of easing cuts by 400,000 barrels per day per month.
UAE, Spain seek to increase collaboration in life sciences sector
The UAE hosted its second "Sci-Tech Virtual Tour" for a high-level Spanish delegation to highlight the country’s economic and scientific...The UAE hosted its second "Sci-Tech Virtual Tour" for a high-level Spanish delegation to highlight the country’s economic and scientific achievements
The two-day event was organized in cooperation with the UAE’s Ministry of Foreign Affairs and International Cooperation and the UAE Embassy in the Kingdom of Spain.
Israel passes first state budget in 3 years
Israeli MPs approved a 609-billion-shekel ($194-billion) spending plan for 2021 and are to resume debate later on 573 billion shekels...The government had till November 14 to get the budget approved to prevent parliament from being dissolved
It would have triggered the fifth election in three years during which Israel has not seen a single budget passed
COP26 sees new coalition for net-zero tourism
The SGTC will be headquartered in Riyadh, Saudi Arabia, and may open regional offices in other countries.The STGC is a multi-country, multi-stakeholder coalition established to lead, accelerate, and track the tourism industry’s transition to net-zero emissions
It is also expected to drive action to protect nature and support communities
