- London, United Kingdom -- Stablecoins -- a form of cryptocurrency backed by traditional assets -- are gaining traction, with the US Senate set to vote Tuesday on a bill to regulate such digital tokens. But as stablecoins move closer to the financial mainstream, experts warn that weak regulation could leave...
Ras Al Khaimah moves to regulate transporting passengers by luxury vehicles, limousines
Ras Al Khaimah has regulated the activity of transporting passengers by luxury vehicles and limousines in the emirate. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, and Chairman of the Executive Council, approved Resolution no.3 of 2021 which paved the way for this...China offers Kuwait help in developing its ports to boost maritime trade
China is willing to assist Kuwait to develop its ports given the significance of such facilities in the ##international maritime trade. This was stated by Shanghai International Port Group chief Gu Jinshan during talks with Kuwait's Consul General in Shangai Mishal Al-Shamali. The talks focused on plans to bolster bilateral...US imposes sanctions on Iran
The sanctions announced by the US Treasury and State Department targeted government officials and organizations.Israeli air strike hits Syrian port of Latakia
An Israeli air strike hit a shipment of Iranian weapons in the Syrian port of Latakia Tuesday, in the first such attack on the key facility, a war monitor said.WHO advises against blood plasma treatment for Covid-19
The WHO has made a ‘strong recommendation’ against the use of blood plasma in people who do not have serious Covid-19 symptoms.Turkey, Qatar vow joint push to reopen Kabul airport
Turkey and Qatar on Monday raised the possibility of jointly operating Afghanistan's Taliban-controlled airport, as President Recep Tayyip Erdogan set off for two days of talks in Doha.Jordan olive festival clocks sales of $4.23m
The sales of the 10-day festival included olive oil and various rural products, in addition to production kitchens.Iraq fishermen in fear of arrest from Iran and Kuwait
Iraqi fishermen live in constant fear of arrest by Iran or Kuwait for mistakenly straying across frontiers.Oxford Business Group, QDB report maps Qatar’s start-up and SME ecosystem
A new report produced by Oxford Business Group (OBG) in partnership with Qatar Development Bank maps out the country’s efforts to focus on entrepreneurial activity and innovation for its long-term growth strategy. The Business Journey Report highlights Qatar’s start-up and SME ecosystem, combining detailed analysis, key data and infographics relating to...OFID’s $80m loan expected to boost trade in Africa
The OPEC Fund for International Development (OFID) has signed an $80 million loan agreement with the African Export-Import Bank (Afreximbank) to finance international trade directly among corporates or through financial intermediaries.Sudan top general denies military could run in elections
Sudan's top general Abdel Fattah al-Burhan on Sunday denied that military and paramilitary members of the transitional administration could run for the country's July 2023 elections.Egypt’s private sector non-oil activity shrinks in Nov as input costs rise
Egypt's non-oil activity in the private sector shrank for a 12th month in November as inflation expectations rose, causing new business orders to fall by their fastest in a year, a survey said. Media reports said IHS Markit's Purchasing Managers' Index (PMI) came in at 48.7, below the 50.0 threshold...Jordan jails hospital chief over Covid deaths
A Jordanian court on Sunday sentenced to three years in jail the director of a state hospital over the deaths of 10 patients at the facility which treated coronavirus patients.Metaverse hype fuels digital-property boom
Metaverse has been a Silicon Valley buzzword for months, but interest soared in October after Facebook's parent company renamed itself Meta.Tunisia unions demand ‘roadmap’ to end state of exception
"Tunisia will not be built with individualism," UGTT secretary general Noureddine Taboubi told AFP after addressing supporters.Egypt to boost cotton gins capacity to 4.4m kantars
Egypt will increase cotton gins capacity to 4.4 million kantars annually up from 1.5 million kantars, according to a government report.Online food delivery infra a necessity now
‘The delivery sector has become critical to the hospitality industry's survival,’ says Deliverect Middle East General Manager Naji Haddad.Jordan woos Russia for local investment
Russian representatives from three provinces met with commissioner general of the Jordan Pavilion at Expo 2020 Dubai.Morocco Employers’ Association, IMF discuss economic recovery
The president of the CGEM, Chakib Alj, highlighted 15.2 percent growth in the Moroccan economy in the second quarter of 2021.UAE discusses bilateral cooperation with Greece and Ukraine
Sheikh Mohamed has talked to Greece and Ukraine to enhance his country’s bilateral ties with them.HRW urges Lebanon to extend school registration deadline for Syrian kids
Lebanon's Education Ministry should extend the December 4, 2021, school registration deadline for Syrian children and end policies that are blocking Syrian refugee children’s access to education, Human Rights Watch said on Friday. Thousands of Syrian refugee children have been out of school, blocked by policies that require certified educational...Tunisia’s budget deficit narrows to nearly $1.3 billion at Sept end
Tunisia's budget deficit has narrowed to nearly 3.8 billion ($1.3 billion), at the end of September 2021, against 4.9 billion dinars, in September 2020, down 23 percent, local media reports said, citing Finance Ministry's budget data. The decrease in the budget deficit is due to the increase in budgetary resources...EU-funded $10m project to improve water supply in Gaza City, Jabalia
The Palestinian Ministry of Finance and the KfW German Development Bank have signed an agreement funded by the European Union to improve the availability and reliability of water supply services in Gaza City and Jabalia. Palestinian media reports said the signing ceremony was attended by the Palestinian Prime Minister Mohammad...Shell exits North Sea oilfield project
Royal Dutch Shell has exited the planned Cambo oilfield project off the Scottish coast because of insufficient financial gain, as energy firms face fierce pressure to switch to greener fuels.Annual Turkish inflation surges to 21.31% in November
Turkey's annual inflation rate jumped over 20 percent in November, official data showed Friday, after a currency crisis last month when the Turkish lira hit record lows against the dollar.Iran attending Vienna nuclear talks with determination: Minister
Iranian Foreign Minister Hossein Amirabdollahian has said that Tehran has gone to Vienna with serious determination and a clear and rational agenda. Iranian media reports said that Amirabdollahian made these remarks in a telephone conversation with his Japanese counterpart Yoshimasa Hayashi on Thursday evening. Regarding the ongoing nuclear talks in...Archeologists find ancient weaving workshop in Turkey
They have also unearthed weight stones used to turn wool into rope during excavation work.IMF says chief economist taking top leadership role
Gopinath will succeed Geoffrey Okamoto as first deputy managing director, serving under IMF chief Kristalina Georgieva.Instagram launches first-of-its-kind filter for UAE Golden Jubilee
The UAE is reportedly the first country to have such filter on the social networking site.Ankara urges Europe rights body to avoid any decision against Turkey
Turkey on Thursday called on the Council of Europe to avoid punishing Turkey ahead of a decision this week on whether Ankara could face rare disciplinary proceedings over the case of a jailed activist, Agence France-Presse reported. “Out of respect for the ongoing judicial process, we invite the Council of...EBRD launches e-learning program on capital markets in Morocco
The European Bank for Reconstruction and Development (EBRD) has said it will support the Moroccan financial system by launching an e-learning training program on capital markets, local media reports said. The program offers participants the opportunity to update their capital markets knowledge and skills, EBRD said in a statement. The...Pakistan’s national carrier to start flights from Karachi to Mashad in Iran
Chief Executive of Pakistan International Airlines (PIA) Air Marshal Arshad Malik announced that the PIA will start direct flights from Karachi to Mashad in Iran from 1 Jan 2022. Iranian local media reports said that Arshad Malik was speaking in a meeting with Ambassador of Iran in Pakistan Mohammad Ali...Central Bank of Jordan joins network of 100 central banks in green finance pursuit
The Central Bank of Jordan (CBJ) has joined the Network for Greening the Financial System (NGFS), a network of 100 central banks and financial supervisors that aims to accelerate the scaling up of green finance and develop recommendations for central banks' role in climate change. The bank, according to local...Kuwait Theater Festival to develop cultural movement, foster talent: Minister
Kuwait Theater Festival is a civilizational platform that contributes to the development of the cultural and theatrical movement in Kuwait, said Kuwait's Minister of Information and Culture, and Minister of State for Youth Affairs Abdulrahman Al-Mutairi. The 21st edition of the festival opened on Wednesday under the patronage of Al-Mutairi...Bahrain stresses need for Middle East free of nuclear weapons
Bahrain has stressed the importance of establishing a Middle East zone free of nuclear weapons and other weapons of mass destruction for maintaining regional and international peace and security. An atmosphere free of the weapons of mass destruction would be in the spirit of the implementation of the 1995 Review...Saudi Arabia and United Nations sign agreement to combat land degradation
Saudi Arabia's Minister of Environment, Water and Agriculture Abdulrahman Al-Fadley has signed a cooperation agreement with the United Nations Convention to Combat Desertification (UNCCD) Executive Secretary Ibrahim Thiaw, which aims at executing the items of the Global Initiative on Reducing Land Degradation and Enhancing Conservation of Terrestrial Habitats. The agreement...Jordan, FAO forge technical partnership on irrigation
Under the agreement, a mobile irrigation application will be developed to serve Jordanian farmers, specifically in the Jordan Valley.Libya sends first passenger ferry to Turkey in decades
Travel links with and within Libya were severely disrupted by the 2011 revolt that overthrew dictator Moamer Gadhafi.Riyadh to host Middle East’s biggest musical event from Dec 16-19
Riyadh is scheduled to host Soundstorm Festival, the biggest musical event in the Middle East, between December 16 and 19. Noted international singers and musicians are expected to perform during the event at the Soundstorm Theater. Soundstorm Festival is among the top events on the calendar of events and seasons...UAE’s first drone delivery service provider breaks two Guinness records
UAE's first licensed drone delivery service provider, BARQ EV, has broken two Guinness World Records-- the longest (13.58km) flight of a drone for the delivery service and the longest (18.065km) non-stop return flight for a drone. BARQ EV said in a statement that the two records are a testament to...OPEC marks fifth anniversary of historic Vienna Agreement
The Organisation of the Petroleum Exporting Countries (OPEC) marked its 5th anniversary of the historic ‘Vienna Agreement’ on Tuesday. The agreement, reached at the 171st Meeting of the OPEC Conference held on 30 November 2016 in Vienna, built on the successful ‘Algiers Accord’, reached in Algiers, Algeria, on 28 September...Erdogan defends ‘risky but correct’ economic policy
Turkish President Recep Tayyip Erdogan on Wednesday defended his "risky but correct" economic policy of low interest rates, as the central bank intervened in markets to prop up the falling lira.Libya on bumpy road to uncertain elections
Libya is less than a month from elections seen as crucial to ending its long-running civil war, but deep political divisions could provoke a delay or even fresh violence.dnata named Ground Support Services Provider of the Year for eleventh time
For the 11th time, dnata has been named Ground Support Services Provider of the Year at the 2021 Aviation Business Awards. The award was accepted by Jaffar Dawood, dnata’s Senior Vice President for UAE Airport Operations, at a gala dinner in Dubai. As one of the world’s leading air services...Fewer Libya arms embargo breaches but foreign fighters remain: UN panel
Based on the 2020 transfers, arms stockpiles remain high and sufficient to sustain any future conflict," the experts said.ATRC awards $10 million in research funding to 53 R&D projects
Abu Dhabi’s Advanced Technology Research Council (ATRC) on Tuesday announced that it has awarded AED40 million ($10 million) in research funding to 53 successful R & D projects across eight key sectors in 2021. ARTC is the overarching entity mandated to shape Abu Dhabi’s R & D strategy and its...Egypt to levy 10% customs tax on import of mobile phones
Egypt has decided to levy a ten percent customs tax on the import of mobile phones in order to promote local industry.WHO urges ‘rational’ measures against Omicron Covid variant
The World Health Organization called Tuesday for countries to keep calm and take "rational" measures in response to the new, fast-spreading Covid variant Omicron, which has sparked global panic.Bahrain launches investment platform allowing access to strategic projects
The Economic Development Board (EDB), Bahrain's investment promotion agency, on Tuesday announced the launch of the investment platform (invest.bh) that allows investors to access investment opportunities in the kingdom's strategic projects. The launch is part of Bahrain's Economic Recovery Plan which saw the announcement of strategic projects worth more than...Turkey jails opposition party politician: reports
A well-known Turkish defense analyst and founder of the opposition Democracy and Progress Party (DEVA), Metin Gurcan, has been jailed on charges of "political and military espionage," local media reported on Tuesday.


















































