‘Credit by national banks rose to US$3.5bn till April 2022’
Credit facilities provided by national banks to the business and industrial sector rose 1.92 percent to US$3.5 billion (AED13.1 billion) in the first four months of 2022.‘Kuwait an important partner in oil exploration sector’
Secretary-General of the Malaysian Foreign Ministry said Kuwait is an important partner in oil explorations sector, urging closer investment relations between both the countries.Egypt warns Ethiopia against filling up of Renaissance Dam
Egypt has warned Ethiopia against the filling of the Grand Ethiopian Renaissance Dam (GERD) reservoir, saying that it would not tolerate any encroachment on its water rights or threat to its water security.US seeks to douse hostility with China over Pelosi’s Taiwan trip
President Joe Biden's administration tried Friday to defuse heated Chinese warnings against a possible trip to Taiwan by US House Speaker Nancy Pelosi, as Beijing announced live-fire military drills in the Taiwan Strait.QEWC finalizes buying 40 percent shares of Nebras
Qatar Electricity and Water Company (QEWC) said Raslaffan Operating Company WLL, a wholly-owned subsidiary of QEWC completed the purchase of 40 percent of the share capital of Nebras Power (Nebras) from Qatar Holding LLC.Johnny Depp sells his artwork for £3 mn
The art retailer said that Johnny Depp's collection of prints called "Friends & Heroes" was "a testament to those he has known well and others who have inspired him as a person".Rights group condemns Morocco’s ‘manual’ of press repression
The New York-based group presented the findings in a 141-page report focusing on eight journalists and public figures.UAE’s Central Bank sanctions 6 banks operating in the country
Financial sanctions covers banks’ failures to achieve appropriate compliance regarding required due diligence and reporting procedures and standards. All banks operating in the UAE were allowed ample time by the CBUAE to implement the CRS.NASA details plans to bring back Mars rock samples
The Perseverance rover, which landed on Mars in February 2021, has so far collected 11 samples as part of its hunt for signatures of ancient life.Abu Dhabi Chamber, Philippine Business Council discuss ties
A delegation from the Philippine Business Council, headed by Prof. Gau Raganit, visited the Abu Dhabi Chamber of Commerce and Industry to cement cooperation between the Chamber and Filipino investors in Abu Dhabi.High energy prices help Russia weather damaging sanctions: IMF
Despite damaging Western sanctions imposed on Moscow in the wake of the invasion of Ukraine, Russia's economy appears to be weathering the storm better than expected as it benefits from high energy prices, the IMF said Tuesday. The sanctions were meant to sever Russia from the global financial system and...More than 10 million visit UAE govt portal in first half of this year
The Telecommunications & Digital Government Regulatory Authority (TDRA) said that over 10 million people visited the Official Portal of the UAE Government (U.AE) during the first half of 2022, an increase of 26% against the same period last year.ADX market value rises in Q2, 2022 to US$542.42bn
Abu Dhabi Securities Exchange has recorded its highest rise in terms of market value and trading value at end of the second quarter of 2022, according to the Arab Monetary Fund.‘Most IT security officials believe firms threat strategy poor’
A global survey conducted among 2,100 IT Security Decision Makers (ITSDMs) reveals that 60 percent of respondents believe their organizations overall security strategy does not keep pace with the threat landscape.Komainu set to bring digital asset custody services to Dubai
The Government of Dubai’s Virtual Assets Regulatory Authority (VARA) on Wednesday granted provisional regulatory approval to Komainu.Don’t let inflation ‘genie’ out of the bottle: IMF economist
With price surges in major economies approaching 10 percent, central banks must stay the course and continue to raise interest rates until inflation retreats, the IMF's chief economist said.Lebanon approves $150m World Bank loan for wheat import
Lebanon's parliament approved on Tuesday a $150 million World Bank loan to import wheat, as shortages of subsidized bread intensify in the cash-strapped country, local media reported. Long lines have formed in front of bakeries and supermarkets where people wait hours for a bag of subsidized Arabic bread -- in...Sono Motors, German start-up, to roll out solar car next year
The Sion, a five-person family car covered completely in solar panels, should enter into serial production in the second half of 2023, the German start-up developing the vehicle said Monday.Morocco retrieves eight migrant bodies off its coast
Moroccan authorities on Monday retrieved the bodies of eight migrants off the southern shores of the North African kingdom, local officials said.Algeria discovers oil and gas fields in Sahara desert
Algerian state oil firm Sonatrach announced on Monday new oil and gas discoveries in the North African country's Sahara desert, including a find made with Italian major Eni.Bahrain joins UAE, Jordan and Egypt in industrial pact
Prime Minister of Egypt Mostafa Kamal Madbouly witnessed a signing ceremony Monday in Cairo that welcomed Bahrain as the fourth country to join the Industrial Partnership for Sustainable Economic Development, which includes the UAE, Jordan and Egypt.Abu Dhabi Maritime to sponsor Abu Dhabi International Boat Show
The Abu Dhabi International Boat Show (ADIBS), organized by the Abu Dhabi National Exhibitions Company (ADNEC), has entered into a three-year sponsorship agreement with Abu Dhabi Maritime to support the event’s upcoming editions.‘Inflation a concern, equity markets favorable in GCC region’
A survey in the GCC region reveals that almost all the respondents believe that rising inflation will impact their cost of living by at least 10 percent while over two-thirds said they still view equity markets favorably.Over 30,000 visitors attend Al Dhaid Date Festival in Sharjah
The 6th edition of Al Dhaid Date Festival came to a successful conclusion at Expo Al Dhaid, after four days of heritage activities and strong competitions among exhibitors.SAMA completes e-linking procedures through Tanfeeth program
The Saudi Central Bank (SAMA) has completed electronic linking procedures with the Saudi Center for Economic Business through the “Tanfeeth” program. This program aims to directly link the technical systems of government agencies and banks operating in the kingdom through the Saudi Central Bank in a way that contributes to...Saudi Arabia’s overall exports in May 2022 was US$38.5bn
The Kingdom of Saudi Arabia’s overall merchandise exports increased by 83.4 percent in May 2022 compared to May 2021, the General Authority for Statistics (GASTAT) revealed.Egypt court calls for live broadcast of execution of killer
An Egyptian court called Sunday for a legal amendment to allow the live broadcast of the execution of the killer of a female student, as a deterrent to frequent homicides.Iraq seeks to boost relations with Algeria in multiple sectors
Prime Minister Mustafa Al-Kadhimi affirmed Saturday Iraq aspires to strengthen the relations with Algeria in various fields. "PM Al-Kadhimi received the Minister of Foreign Affairs of the People's Democratic Republic of Algeria, Ramtane Lamamra, and the accompanying delegation," local media reported. They discussed bilateral relations between the two nations, including...Sharjah Education Council reveals new educational strategy
The Sharjah Education Council launched its 2023-2025 strategy at a meeting held at its headquarters in Sharjah, in cooperation with Maestro Company. The Company reviewed various aspects of stages of the council’s strategic plan including advanced methodology based on best practices followed in this area. Moreover, the plan was prepared...Iraq receives 125 antiquities borrowed from Germany
Iraq has received 125 antiquities borrowed from Germany, Foreign Ministry spokesman Ahmed Al-Sahaf announced Sunday. "The Embassy of the Republic of Iraq in Berlin received 125 artifacts by Susan Bullock from the Institute for Near Eastern Archeology of the Free University of Berlin," Al-Sahaf stated in a statement received by...China launches second of three space station modules
China launched on Sunday the second of three modules needed to complete its new space station, state media reported, the latest step in Beijing's ambitious space program. The uncrewed craft, named Wentian, was propelled by a Long March 5B rocket at 2:22 pm (0622 GMT) from the Wenchang launch center...Dubai to provide 2,000 residential plots at Umm Nahad Fourth
The Higher Committee for Development and Citizens Affairs, chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, approved immediate allocation of 2,000 residential plots at Umm Nahad Fourth area.Nearly 30 percent of Saudi residents exercise for 150 minutes a week
About 30 percent of Saudi residents practiced a physical activity for at least 150 minutes per week in 2021, compared to 20 percent in 2019, according to the General Authority for Statistics (GASTAT). This increase indicates an improvement in the community's awareness towards practice of sport and physical activity, media...DEWA says 287 11kV substations commissioned in H1 2022
Dubai Electricity and Water Authority (DEWA) has commissioned 287 11kV substations in Dubai in the first half of 2022. This is part of its efforts to provide a state-of-the-art infrastructure as per the best international standards.US Fed looks to hike interest rate to douse runaway inflation
US central bankers face an increasingly difficult balancing act as they struggle to douse scorching inflation while still keeping the economy growing, though they have made it clear they are willing to risk a recession.Macron says revival of nuclear deal with Iran ‘still possible’
French President Emmanuel Macron on Saturday told his Iranian counterpart Ebrahim Raisi that reviving the landmark 2015 deal on Tehran's nuclear capabilities was "still possible" but must happen "as soon as possible".WHO highest alert on monkeypox: calls it global health emergency
The World Health Organization on Saturday declared the monkeypox outbreak, which has affected nearly 17,000 people in 74 countries, to be a global health emergency -- the highest alarm it can sound. "I have decided that the global monkeypox outbreak represents a public health emergency of international concern," WHO chief...Al Dhaid Date Festival supports farmers to improve output
The four-day event is organized by the Sharjah Chamber of Commerce and Industry (SCCI).Dubai’s labor body to expand schemes for welfare of workers
The Permanent Committee for Labor Affairs has reiterated its commitment to collaborate with private and social organizations to consolidate the UAE’s and Dubai’s drive to implement progressive labor policies that integrate global best practices.African Union lauds Russia for allowing Kyiv to resume grain export
Ukraine and Russia and two of the world's largest grain producers.IMF adopts plan to better account for gender gaps
Kristalina Georgieva in a statement.said that the Washington-based organization would immediately begin implementing the strategy.Commercial Bank International launches virtual location in Metaverse
CBI is the first-ever bank in the UAE and the Middle East region to have a location in the Metaverse.Iranian dissident summit in Albania put off over ‘security threats’
A global summit in Albania dedicated to advocating regime change in Iran has been postponed due to security threats, an exiled Iranian opposition group said Friday.Allotted industrial & commercial land rules in Dubai amended
Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister has issued a decree regulating the grant of title to allotted industrial and commercial land in DubaiFrench oil, shipping firms reduce prices under government pressure
French oil group TotalEnergies and shipping giant CMA CGM announced price cuts on Friday as demanded by the government amid growing calls for windfall taxes on their profitsUAE Federal Tax Authority carries out 9,500 inspections in H1 2022
The Federal Tax Authority expanded its efforts in collaboration with various government departments, ministries and authorities to protect consumers from non-compliant products, combat tax evasion and ensure compliance with tax laws and procedures.Israeli strike kills three soldiers near Damascus: Syrian ministry
Since civil war broke out in Syria in 2011, Israel has carried out hundreds of air strikes against its neighbor.Russia’s Foreign Minister to address Arab League at its headquarters
The war in Ukraine has caused food insecurity in Arab nations, many of which are heavily dependent on wheat imports from the former Soviet state. His address comes days after Russia took part in a summit hosted by Iran and attended by Turkey.Dubai Health Authority, Visa sign MoU to enhance health tourism
The Dubai Health Authority recently signed a Memorandum of Understanding (MoU) with Visa with the aim of enhancing Dubai's competitiveness as an ideal destination for health tourism.Saudi Arabia, Jordan review border security cooperation
Saudi Arabia and Jordan explored enhancing security cooperation in border security, developing human resources and training, and exchanging experiences. Border Guard officials of Saudi Arabia and Jordan discussed it in the 11th meeting held between them at the headquarters of Jeddah Academy of Maritime Sciences & Security Studies. Saudi Arabia's...




















































