ADCB, EIH sign agreement
ADCB to sell 80 percent stake in ADCP to Nine Yards Plus.Company News Business Economy
GCC countries follow US Federal Reserve’s lead in holding interest rates
Abu Dhabi, UAE – The Central Banks of the United Arab Emirates and Qatar have chosen to maintain their current...Economy
DFSA enhances regulatory framework for the future of finance
The DFSA set up the Innovation Testing Licence (ITL) Programme to encourage innovation in the Dubai International Financial Centre and...The DFSA set up the Innovation Testing Licence (ITL) Programme to encourage innovation in the Dubai International Financial Centre and protect the market against risks
The authority hosts RegTech events focusing on driving compliance through innovation
Saudi Arabia contactless payments highest in MENA region
Saudi Arabia had achieved contactless payment adoption of 94 percent, which is higher than even the EU.This is part of the Saudi Central Bank’s strategy to build on the goals of the Financial Sector Development Program
The program aims to reduce cash transactions while raising electronic payments to 70 percent of all transactions by 2025
UAE’s new data law promises privacy
The law to include features of gold-standard data protection regulations such as Europe's GDPR (General Data Protection Regulation), the UK's...The law would include the right to be forgotten, the right to access, and the right to information
It will have a low cost of compliance, so as not to burden Small and Medium Enterprises
Taxation and confiscation to rein in crypto market
Last few years have seen a lot of tension between governments and central banks around the world, on the one...Concerns are rising that these currencies could be used to fund illegal actions and for money laundering.
Several countries have taken strict measures to crack down on the industry that is viewed with suspicion uniformly across the world.
Regional divergences mark global trade rebound: WTO
Supply-side issues such as semiconductor scarcity and port backlogs may strain supply chains and weigh on trade in particular areas,...The forecast projects export volume growth in 2021 will be 9.3% in the Middle East
The current trade projections, according to the forecast, imply that the ratio of trade growth to GDP growth will rise to 2.0:1 in 2021
UAE, Saudi Arabia lead regional innovations
The Arab countries have their own share in terms of investment in innovations with the UAE and Saudi Arabia leading...Despite human and economic toll of the COVID-19 pandemic, investments in innovation have increased in parts of the world
The UAE ranks first among the top 12 most innovative Arab countries in 2021 and 33rd in the world, according to the Global Innovation Index
Jordan discusses economic recovery with World Bank
Jordan’s King Abdullah II on Sunday received World Bank Group President David Malpass at the Basman Palace.Jordan commended the World Bank’s prompt response to the priorities it raised in July
Thar included working with the government on its 2022-2023 plan, which seeks to enhance the economy’s resilience and recovery
Art sales rebound to an all-time high of $2.7 billion after Covid-19 slump
Sales soared between June 2020 and June 2021 as auctioneers quickly adopted a more online approach.NFTs, or "non-fungible tokens", allow people to buy the rights to online art, including images, animation or even tweets.
In March, US artist Beeple sold an NFT of his digital artwork "Everydays: The First 5,000 Days" for $69.3 million.
Expert at AVSEC symposium: Need to rethink security approaches
The 5th edition of the AVSEC Global Symposium, which started on Sunday in Dubai, brought together globally recognized security experts,...The three-day event will host 35 speakers and over 700 delegates from more than 50 countries.
Held since 2013, the symposium is one of the most significant aviation security events in the region and one of the biggest globally.
R&D in Arab world: Challenges and successes
Raging political crises across the region have negatively impacted the economies of several countries. Consequently, spending on research has barely...Jordan's ratio of researchers to its citizens was 150 percent of that of its closest competitors.
Saudi Arabia spared the highest--$12.5 billion--funds for research and development in the Middle East and Africa Region,
