- London, United Kingdom -- Precious and industrial metals are surging to record highs as the year ends, driven by economic and geopolitical uncertainty, robust industrial demand and, in some cases, tight supply. Below AFP examines the reasons for the surge in demand. Safe havens Gold and silver are traditionally seen...
BNPL payments in UAE may reach US$17.5bn by 2028
A leading retailer in the UAE has said that over 15 percent of its customers have now shifted to 'Buy Now, Pay Later' (BNPL) mode.Interpol sends out red notice for Terra crypto founder
Nearly a month after a South Korean court issued an arrest warrant for Do Kwon, a cryptocurrency founder, Interpol has issued a red notice for Kwon who flew from South Korea to Singapore ahead of the crash in May. South Korean prosecutors had requested Interpol place him on the red...Deeply divisive Monroe biopic ‘Blonde’ hits Netflix
While there is almost universal praise for the visceral lead performance by Ana de Armas, critics cannot agree whether the nearly three-hour film is an artistic tour de forceSure Global to list on Nomu
The Saudi tech firm has set the price at $19 per share.Porsche, luxury carmaker with storied history
The Porsche-Piech family are the main shareholders of the Volkswagen group, and have roots in Germany's auto industry stretching back decades. An Austrian-born engineer, Ferdinand Porsche was founder of the luxury car brand that bears his name. In addition, he created the Volkswagen Beetle and designed the iconic, open-top Mercedes-Benz...Netflix and Disney+ to launch ad-supported subscription
Netflix and Disney+ will launch an ad-supported subscription in the coming weeks thus biting into the revenue of traditional television channels as the streaming services look toward continued expansion. Netflix, after having long-shunned the notion of advertising on its platform, this year accelerated work on just such an offering.EU to support Iraq in boosting economic activity in five sectors
The European Union has shown interest to be part of the process of decentralization in Iraq and in this regard it is working in partnership with the Iraqi ministry of planning and other bodies in order to enhance activity in five sectors of the economy.Germany vows to protect its SMEs from energy crisis
The German economy, like the economy of the vast majority of European countries, faces major challenges due to the Russian military operation in Ukraine, with Moscow suspending energy supplies to Ukraine's alliesGerman chancellor says Qatar rights improving
Applauding Qatar's rights record, Germany's Chancellor Olaf Scholz said that the gas-rich country has made progress on "questions that have long been debated, for example on the situation of workers. He was speaking to reporters after talks with the emir of Qatar Sheikh Tamim bin Hamad Al-Thani.Jordan PM meets Iraqi, Syrian, Lebanese agriculture ministers
Jordan Prime Minister Dr. Bisher Khasawneh has a joint meeting with the agriculture ministers of Iraq, Syria and Lebanon.Sudan seeks investment from Qatari private sector in various sectors
Doha, Qatar - Qatar Chamber explored, with the Ruler of Darfur region in Sudan, investment cooperation and enhancing the role of the private sector in the two countries. During a meeting held between Ruler of Darfur Region in Sudan, Minni Arko Minawi and Qatar Chamber First Vice-Chairman Mohamed bin Twar...Sharjah Chambers discusses credit report, score for SMEs
The Sharjah Chamber of Commerce and Industry (SCCI) has hosted a webinar in cooperation with Al Etihad Credit Bureau (AECP) to discuss the importance of AECP credit report and score for SME businesses.GHD, Fraunhofer–Gesellschaft to help develop UAE hydrogen policy
The Ministry of Energy and Infrastructure (MoEI) of UAE announced that it had signed an agreement with GHD Group, in partnership with the Germany-based Fraunhofer--Gesellschaft, to develop its National Hydrogen Strategy.AlBabtain launches IPO
The company has set a price range of $18 to $21 per share.Ford’s electric drive reinvents its historic factory
The manufacturing operation's prime mission in recent times has been to assemble the best-selling F-150, a gasoline-powered vehicle.Bayt survey says 71% of professionals may quit jobs in 2023
When asked why professionals may change their careers entirely, “to find their real passion” ranked first (37%) followed by opportunities to learn and challenge themselves (33%), better compensation (18%).WETEX and Dubai Solar Show hosts 1,750 global companies
DEWA CEO said that the exhibition will introduce the world to the UAE’s achievements in the renewable and clean energy sector.Iraq and Qatar look to boost cooperation in aviation sector
Iraq and Qatar are looking to enhance cooperation in the field of civil aviation, especially in technical, air transport, and aviation security.Egypt to make bid to host 2036 Olympic Games
Setting its sights on hosting the Olympics, Egypt will apply to host the games in 2036, which, if the bid is successful, will make it the first African or Arab nation to host the Olympics. IOC president who is on a visit to Cairo said that Egypt has solid sporting...German Chancellor in Saudi Arabia on energy hunt
German Chancellor Olaf Scholz arrived in Saudi Arabia at the start of a two-day Gulf tour, in the hope of sealing new energy deals with the fossil fuel exporters. Scholz, accompanied by a sizeable industry delegation, was received at Jeddah airport by Mecca region's governor Prince Khalid bin Faisal Al...TotalEnergies, Qatar ink pact
TotalEnergies to invest $1.5bn in natural gas production.‘More efforts needed for net zero carbon emissions by 2050’
More efforts are required to make the world reach net zero emissions by mid-century, according to the International Energy Agency's (IEA) latest appraisal of global progress on clean energy technologies.Dubai emerges as a driving force for a green economy
Dubai is consolidating its position as a pioneer in transitioning to a green economy to support the efforts of the UAE and the rest of the world in fighting the consequences of climate change.Algeria’s export of natural gas to Italy to soar 20% in 2022
Last April, Italy entered into an agreement with Algeria to increase imports through the Trans-Med pipeline.Salik IPO oversubscribed
The company raised $1.017 billion in IPO on the DFM.UAE starts third unit of Barakah Nuclear Energy Plant
UAE has successfully started Unit 3 of the Barakah Nuclear Energy Plant, located in Abu Dhabi's Al Dhafra Region, its parent company the Emirates Nuclear Energy Corporation announced on Thursday.Dubai records realty transactions worth US$1.8bn in week
A total of 2,401 real estate transactions worth US$1.8 billion (AED6.7 billion) were conducted during the week ending September 23, 2022, according to figures released by the Dubai Land Department.World markets plunge on growing recession fears
Stock markets tumbled, the pound crashed against the dollar and oil prices slumped on growing recession fears after central banks this week hiked interest rates to fight inflation. Monetary policymakers have been forced to go on the offensive, warning that short-term hits to economies are less painful than the long-term...‘Barakah Nuclear Power Plant promotes clean, safe energy’
UAE Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei said that the start-up of Unit 3 of Barakah Nuclear Energy Plant contributes to achieving one of the most important objectives of the country's vision and strategy for the energy sector.Borouge to pay dividend of $325m
This is the first payment of the total $975m dividend for 2022.Up to 10 million Australians hit by telcoms hack
Optus chief executive Kelly Bayer Rosmarin said a "sophisticated" actor was behind a cyberattack, which gained access to information about up to 9.8 million users. The data accessed included customers' names, dates of birth, phone numbers and email addresses, as well as some driver's license and passport numbers.US charges Boeing with misleading investors on 737 MAX safety, fined $200 mn
Boeing agreed to the penalty to settle charges it "negligently violated the antifraud provisions" of US securities laws, the Securities and Exchange Commission said in a statement, saying the company and its leader "put profits over people." Boeing's former chief executive, Dennis Muilenburg, also agreed to pay $1 million to...Facebook whistleblower launches nonprofit to take on big tech
The new Beyond the Screen nonprofit said that its first project will be to document ways big tech is failing in its "legal and ethical obligations to society" and help come up with ways to solve those problems. "We can have social media that brings out the best in us,...UAE signs cooperation pact with Ethiopia on extradition, legal assistance
Abu Dhabi, UAE - The UAE signed agreements on extradition and mutual legal assistance in criminal matters with Ethiopia. The agreements were inked by Abdullah bin Sultan bin Awad Al Nuaimi, Minister of Justice, and Ethiopia's State Minister for Justice, Ato Alemante Agidew. Abdullah Al Nuaimi stated that the UAE...South Africa seeks wind energy to resolve power situation
South Africa inked the first three of a series of agreements with independent producers to supply wind energy amid worsening blackouts in the continent's most industrialized economy.UK government revokes gas fracking ban in England
Britain lifted England's moratorium on controversial gas fracking to boost energy security, despite breaking the ruling Conservative party's manifesto pledge.Saudi-UAE non-oil trade increased by 92.5 percent in past decade
The value of non-oil exports from the UAE to Saudi Arabia over the past ten years was around AED205.5 billion, while re-exports were valued at AED471.7 billion, and imports at AED227 billion.Dana Gas to pay $85m H1 dividend
The dividend of 4.5 fils per share will be paid by 21 Oct.Xiamen Airlines to buy aircraft
The airline plans to buy 40 A320neo aircraft from Airbus.Dubai records realty transactions worth $299 million Thursday
Dubai, UAE-- Dubai real estate market recorded realty transactions worth AED1.1 billion ($299 million) on Thursday, Dubai Land Department said. The deals included 371 sales transactions worth AED825.36 million, in addition to 81 mortgage deals of AED231.57 million, and 18 gift deals amounting to AED48.1 million. The sales included 334...‘Hungary wants EU sanctions on Russia lifted by year end’
Hungarian Prime Minister Viktor Orban wants EU sanctions on Russia over its invasion of Ukraine lifted by year end, a pro-government daily newspaper said. Orban, who has sought close ties with Russian President Vladimir Putin in recent years, has frequently railed against the sanctions, saying they are hurting Europe more...Value of building permits issued by Sharjah Municipality hits $2.54 bn
Sharjah, UAE--The contractual value of building permits issued by Sharjah Municipality grew to AED9.344 billion ($2.54 billion) in H1, while the value of building permits for which certificates of completion were issued reached AED3.263 billion. Obaid Saeed Al Tunaiji, Director General of Sharjah Municipality, said the Building Permits Department has...UAE, Jordan ink pact to standardize specifications
The UAE Ministry of Industry and Advanced Technology (MoIAT) signed a Memorandum of Understanding (MoU) with the Jordan Standards and Metrology Organization (JSMO) to strengthen ties around standards, regulations, conformity assessment, specifications and national hallmarks.Saudi Education Minister meets founder of edX platform in US
Saudi Arabia's Minister of Education Dr. Hamad bin Mohammed Al AlSheikh has met with the leaders of edX platform at Boston University in the United States.UN succeeds in raising US$75m to salvage oil tanker off Yemen
The decaying 45-year-old FSO Safer, long used as a floating storage platform and now abandoned off the rebel-held Yemeni port of Hodeida, has not been serviced since Yemen plunged into civil war more than seven years ago.Saudi Steel lands contract
It won a $40 million contract from Aramco to supply pipes.Raydan to cut capital by 53%
The food company will reduce the capital to $42.13 million.Some 72% children fall victim to online threats globally: report
These were the findings of a report from Boston Consulting Group (BCG) and the Global Cybersecurity Forum (GCF), based on a global survey of 41,000 parents and children online in 6 regions and 24 countries.Saudi Arabia emerges as one of the world’s top eSports hubs
The PUBG Mobile tournament was part of Gamers8, a summer festival spotlighting Saudi Arabia's emergence as a global eSports dynamo -- one that officials hope can compete with powerhouses like China and South Korea. Much like with Formula One and professional golf, the world's biggest oil exporter has in recent...ENOC Group announces 50% Emiratisation during Careers UAE 2022
The various energy career opportunities were revealed during ENOC’s participation at the 21st edition of Careers UAE.




















































