Beijing, China -- China accused the United States of "double standards" on Sunday, after President Donald Trump threatened an additional 100 percent tariff on the world's second-largest economy. Trump reignited his trade war with China on Friday, accusing Beijing of imposing "extraordinarily aggressive" new export curbs relating to rare earths....
New business deals bring KSA, South Korea closer
The two countries are working on a broader strategy to strengthen collaboration in health care, science, technology, hydrogen, public health, and artificial intelligence.
Dubai most popular holiday destination for 2022
The city overtakes London in the list of the "Top Destinations Around the World". Golden beaches, world-class restaurants, rave reviews of visitors have contributed in Dubai's top ranking.
Israeli firm develops body cams with facial recognition
Tirza, a former Israeli army colonel, says his company Yozmot Ltd aims to produce a body-worn camera enabling police to scan crowds and detect suspects in real time.
Savii seeks to empower GCC teens financially
The new UAE-based start-up is trying to instil the virtues of economy among teenagers in the region
Arab countries see surge in crypto investors
In 2021, Triple-A estimated global crypto ownership rates at an average of 3.9 percent, with over 300 million cryptocurrency-owners and users worldwide. Over 18,000 businesses are already accepting cryptocurrency payments.
Iraq Forum for Clean Energy 2022 kicks off on Sunday
The ministry of oil endeavors to support all initiatives and efforts to gradually shift from traditional to clean and renewable energy
Two Iraqi banks to open in Saudi Arabia
The Saudi Central Bank has announced the opening of two branches of two Iraqi banks in Riyadh, and confirmed the signing of an agreement with Iraq to prevent double taxation.
Interconnection Authority enables Middle East save $3bn
The setting up of the Gulf Cooperation Council Interconnection Authority in 2019 has enabled countries in the Middle East to save $3 billion.
UAE and Singapore explore ways to boost trade
The UAE and Singapore will explore ways to enhance bilateral relations in light of the agreement signed between the two nations in 2019 that called for cooperation in investment and trade.
GCC, EU hold 4th Trade and Investment Dialogue
The dialogue discusses the new developments in trade and investment exchange.
Deliveroo’s new UAE service
Deliveroo Plus allows customers to receive unlimited free delivery.Qatar Airways counters Airbus order cancellation with A350 video
The move came within mere hours of Airbus cancelling an order of 50 of its A321neo aircraft, which it was to deliver to the Gulf-based airline.TASI rises for 10th session, UAE bourses fluctuate
The surge in oil prices fueled the start of the week's high for the Saudi stock market, while the UAE indices fluctuated throughout the week.Points of Sale terminals in Saudi exceed 1 million, says SAMA
The Saudi Central Bank (SAMA) announced that the number of Points of Sale (PoS) terminals inside the kingdom have exceeded the 1 million mark. These terminals can be found at commercial sales outlets in more than 180 cities and villages, SAMA said, attributing the achievement to a plan that was...
Lebanon to sign a deal with Jordan to ease power shortage
Crisis-hit Lebanon will sign a deal with Jordan next week to bring in electricity via Syria to help ease grueling power cuts, the energy minister has told AFP.
S&P warns of fewer sukuk issues during 2022
Sukuk issuance volumes will not grow significantly in 2022 as global interest rates rise and funding needs for Gulf economies fall, according to a report from S&P Global Ratings.
Intel to build two chip factories
The company will invest $20 bn, hire 3,000 new workers for the sites in Ohio.
Emirates partners with the Bahamas to boost tourism
Emirates has signed a partnership agreement with the Bahamas to explore joint initiatives to bring more tourism to the island nation.‘World first’ hydrogen shipment set to leave Australia for Japan
A state-of-the-art liquid hydrogen tanker readied for loading in Australia Friday ahead of shipment to Japan, in what Canberra described as a "world first" trial of the technology. The Suiso Frontier is docked near Melbourne and is being loaded with super-cooled hydrogen, a source of fuel that supporters hope could...Investors’ forum discusses privatization scene in Saudi Arabia
Several investment companies and investors interested in privatization projects attended an investor forum organized by Saudi Arabia’s National Center for Privatization (NCP) in cooperation with Riyadh Bank. The Center said that developments in the privatization system were taking place at an accelerating pace and with a high level of movement...Saudi launches Boutique Group to convert palaces into ultra-luxury hotels
Boutique Group, a new hospitality brand that will manage and convert a collection of iconic historic and cultural palaces in Saudi Arabia into ultra-luxury boutique hotels, was launched by Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud. Saudi media reports said the company will revive the heritage and culture...
Sharjah Islamic Bank’s net profit up 27%
The bank also reported AED850.7 million in operating profits, an increase by 21.9 percent, compared to AED697.7 million in the previous year.
Airbus cancels Qatar Airways plane order as feud deepens
The order was worth $6 billion at catalogue prices, though airlines are usually charged less for large purchases.Bitcoin crash tears through investor confidence
The cryptocurrency has lost more than 40 percent of its value since its $67,582.60 peak on November 8 last year.
UAE Space Agency plans Space Economic Zone at Masdar City
The aim of the venture is said to be to create an integrated business ecosystem to propel startups and SMEs.
Google appeals EU fine
It was fined €2.4-billion for abusing its search engine dominance.Online learning booms in GCC during pandemic
"While online learning is a supplement to a broader educational experience, course enrollment statistics strongly imply that it is a vital aspect of professional growth for many, particularly busy professionals," Anthony Tattersall, VP of EMEA at Coursera, tells TRENDS.
Sharjah University, AUS to launch research for sustainable energy solutions
The Sharjah Research, Technology, and Innovation Park (SRTI Park) revealed an ambitious plan to be executed in cooperation with the American University of Sharjah (AUS), targeting to launch an Applied Research Ecosystem for sustainable energy solutions to develop new technologies for generating Green Hydrogen, being one of the most promising...
Saudi Arabia’s real estate Price Index increased by 0.9 percent in Q4 2021
The General Authority for Statistics (GASTAT) released today through its official website a report on Real Estate Price Index in the Kingdom of Saudi Arabia for the fourth quarter (Q4) of 2021. According to the GASTAT, the real estate price index (RPI) increased by 0.9 percent in the fourth quarter...Dubai Crown Prince forms committee to oversee Hatta development
Dubai Crown Prince and Chairman of The Executive Council of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has issued an Executive Council Resolution forming the ‘Supreme Committee to Oversee the Development of Hatta’. The Hatta Master Development Plan, which forms an integral part of the Dubai 2040 Urban...
Sharjah Chamber and European Women Association to foster trade ties
The agreement also provides the exchange of commercial data and statistics
Masdar, Mitrabara announce JV
The venture targets commercial and industrial segment.
Emirates to resume US flights after ‘temporary’ 5G reprieve
Emirates said Thursday it will lift a suspension of flights to several US destinations in a "temporary reprieve" after the launch of 5G networks was delayed near American airports over safety fears. Flights to six destinations will resume Friday, and on Saturday services to Boston, Houston and San Francisco will...Israel buying 3 military submarines from Germany
The deal includes the purchase of three Dakar submarines, the first of which will be delivered to the Israeli navy within nine years.
Tadweer inks deals worth $64m
The deals were signed at the eighth edition of EcoWASTE.GCC chief stresses importance of serving requirements of joint market
GCC Secretary-General Naif Falah Al-Hajraf with the chairman of the Board of Directors of the FGCCC, Samir Abdullah Nas.Red Cross hacked
Hackers seized data of more than 515,000 extremely vulnerable people.AT&T, Verizon roll out 5G in US without huge impact on flights
On Tuesday, both AT&T and Verizon agreed to scale back the launch of 5G near airports following an outcry from US airlines, who warned of mass disruptions. The White House, which has negotiated with both the aviation and telecommunications industries, praised the move.
Saudi, UAE and Egypt gaming to reach $3.14bn
A young population, increased user spending, robust govt backing for games and e-sports and new players are poised to push the sector's growth in the region.
DEWA says 35% of work completed on Hatta power plant
The project is also part of DEWA’s initiative to develop the area to meet its social, economic, and environmental needs.REIT signs $200m financing commitment with FAB
Masdar Green Real Estate Investment Trust (REIT) has signed a financing commitment to the tune of $200 million with First Abu Dhabi Bank (FAB) to facilitate further acquisitions and portfolio growth.
Pay only $11 to attend Qatar World Cup game
Qatar World Cup ticket sales were launched at reduced prices on Wednesday with residents and migrant workers able to attend games for just $11 as concerns persist over Covid-19.Saudi PIF joins tripartite pact to produce green hydrogen for export
Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, POSCO and Samsung C&T signed here today a tripartite memorandum of understanding aimed at developing a project to produce green hydrogen for export. The event took place on the sidelines of the Saudi-Korean Investment Forum, which was held in Riyadh.Two day long Water-Food-Energy Summit concludes in Dubai
In order to explore solutions for water, food, and energy challenges, the UAE, Jordan, and the Netherlands wrapped up the inaugural edition of the Water-Food-Energy (WFE) Summit.Dubai issues 72,152 new business licenses in 2021, 59 percent professional
Dubai issued 72,152 new business licenses in 2021, a growth of 69 percent compared to 2020 when 42,729 licenses were issued. According to the official data, 59 percent of new business licenses issued in 2021 were professional and 41 percent were commercial. Bur Dubai accounted for the largest share (48,562)...
Dubai Airport Show 2022 to showcase digital innovation
Dubai Airport Show 2022, to be held in May, will showcase a diverse range of innovative products and will provide a glimpse of investments planned by the world's airports until 2040.Aramco signs 10 Korea deals
The signings took place at the Saudi-Korean Investment Forum.
OPEC Fund extends $35m loan to support Vietnam SMEs
The amount will reportedly be given to the Vietnam-based Southeast Asia Commercial Joint Stock Bank (SeABank) for on-lending.Microsoft to buy Activision Blizzard
The $69-billion deal is the largest acquisition in the gaming world.AT&T, Verizon agree to delay 5G activation at some airports
US Telecom giants AT&T and Verizon will delay the implementation of their 5G network on a "limited number" of towers near airports following warnings from US airlines.
