Norway, Ireland, Spain to recognize Palestinian state
The announcement is the second diplomatic blow this week after the International Criminal Court prosecutor said he would seek arrest warrants for Israel's prime minister and Hamas leaders.
Rossi appointed Acer Mideast VP
Michele Montecchio was appointed as Country Manager for the Middle East.Binance may move to Dubai as part of crypto deal
TRENDS broke this news in October. The agreement will regulate the offering, issuance, listing and trading of encrypted assets of the firm that is based in Seychelles.Iran says nuclear deal ‘within reach’ if West shows goodwill
Iran's top diplomat said Thursday that an agreement to revive his country's nuclear deal with world powers was "within reach" but that this depended on the goodwill of the West. Foreign Minister Hossein Amir-Abdollahian also said on Twitter that negotiations in Vienna were "proceeding with seriousness" and that the removal...World races to contain new Covid variant
Fears mounted Saturday that a highly-infectious new coronavirus strain was pushing its way into Europe as the world brought the shutters down to contain the new Omicron variant.Arab countries ban travel from African nations
The United States and several European countries have taken similar steps, banning travel from at least seven southern African countries. South African Health Minister Joe Phaahla told reporters that he felt some of the reactions to the new Covid-19 variant that was found in South Africa were ‘unjustified.’New Covid-19 variant spooks global markets
Firms linked to travel were among the worst affected as investors fretted over the possibility of more government-mandated restrictions.Syria eyes visitor resurgence, especially from Europe
Syria is an important destination for Shiite pilgrims, and has continued to welcome visitors from Iran, Iraq, and Lebanon during the conflict. However, European tourists —a constant before fighting started in 2011 — have not been visiting for a decade.Turkish women fearful after treaty exit
Turkish women feel more vulnerable and legally unprotected since Turkey withdrew from a convention that activists argued helped deter male violence, according to women's campaign groups.Over 240,000 Lebanon expats register to vote in polls
Lebanon's diaspora -- estimated to number at least three times the country's 6-million population -- will take part in the vote for the 128-seat parliament, making them a powerful electoral force. In some parts of Europe, volunteers set up registration centers to help compatriots sign up.EU, GCC begin new era in relations
However, the recent developments show that Europe has shed this energy-supplier image of the Gulf for a more realistic and pragmatic approach to strengthen the strategic partnership between the 27-member bloc and the GCC. In the new positive climate in EU-Gulf ties, talks on the FTA are likely to resume...Lebanon stops 82 people attempting sea crossing to Europe
Lebanese security forces on Friday said they thwarted an attempt by more than 80 people to illegally cross by sea into Europe from Lebanon. In a statement, the Internal Security Forces said they raided a "tourist resort" in the Qalamoun area of north Lebanon on Thursday after being tipped off....Aleastur, top European metal producer, sets up base in Bahrain
Aleastur, top European metal producer, has set up first plant for aluminum grain refiners and master alloys production in Bahrain.PIF of Saudi Arabia looks to invest in China
Public Investment Fund of Saudi Arabia is looking to diversify investments into Chinese companies after having confined its overseas holdings to the US and Europe.Iran agrees to restart talks to revive nuclear deal
Iran held six rounds of indirect negotiations in Vienna with President Joe Biden's administration on returning to the 2015 deal.Pope urges intervention on Libyan migrant crisis
Governments must stop returning migrants to "non-secure countries" like Libya, the 84-year-old pontiff said, while prioritizing saving lives in the Mediterranean.European nations strive to cushion energy price hikes
Price freezes, tax cuts, energy payments or credits, targeted aid... in the face of soaring energy prices European nations are deploying a variety of steps to cushion the blow for consumers.US Iran envoy to hold nuclear talks with European powers
The agreement between Iran and world powers to find a long-term solution to the now two-decade-old crisis over its controversial nuclear program has been moribund since former US president Donald Trump walked out of the deal in May 2018.Jack Ma’s Europe trip sends Alibaba shares soaring
Jack Ma’s Ma's presence in Spain was reported by the South China Morning Post, which is owned by Alibaba. The paper said the 57-year-old, who retired from the role of Alibaba's chairman in 2019, was attending a series of business meetings in Europe.DMCC sells a rough 118-carat diamond for record $5.2 million
Dubai Multi Commodities Centre (DMCC) has sold a 100+ carat rough diamond for $5.218 million (US$ 44,004 per carat) in a record tender hosted at the Dubai Diamond Exchange (DDE). The 118.58-carat type IIa stone was viewed by top diamond trading companies from Asia and Europe at a tender hosted...Egypt and Greece to sign a deal for power interconnection
Egypt and Greece will sign a preliminary deal to build an electricity interconnection between the two countries in Athens on Thursday, Athens-Macedonia news agency (AMNA) reported.Natural gas market soars to record heights
Europe's reference Dutch TTF gas price hit 162.12 euros per megawatt hour and UK prices leapt to 407.82 pence per therm in morning deals.Emirates and Qantas extend partnership
Together, the airlines are making millions of reward seats available for frequent flyers to access more than 100 destinations.Germany: Uncertainty looms as rivals scramble to lead next government
Preliminary results showed that the center-left Social Democrats had won the largest share of the vote at 25.7 percent. Chancellor Merkel's center-right CDU-CSU bloc garnered 24.1 percent, its worst showing in its seven-decade history.Most EMEA banks fret they would cease to exist unless they digitize fast
Nearly 75 percent of banks expect tech giants such as Google and Amazon to dominate the banking industry in five years' time, a report said.Gulf Craft expands footprint in Europe
Growing order book resulted in a 42 per cent uplift in H1 2021TIER takes e-scooter service to Bahrain
This came as part of TIER’s ongoing expansion in the Middle East.Iran eyes Caspian Sea gas reserve for Europe supply
The exploration is being carried out by the Khazar Exploration and Production Company, or KEPCO.Egypt looks to neighbors, and beyond, for power supply
In order to make sure that Egyptians get an uninterrupted supply of electricity, Egypt has taken steps to strengthen power  linkage lines with neighboring countries such as Jordan, Sudan and Libya.Morocco to keep Algeria-Spain gas pipeline open
The operating contract for the Moroccan section of the Maghreb-Europe Gas Pipeline, which links fields in Algeria with Spain, runs out in OctoberDubai Chamber launches online tool to fill $10b export gaps
The launch of the tool is in line with the emirate’s new target to boost its foreign trade from around $380 billion to around $545 billion over the next five years.Saudis set sights on space, seek partners for their program
Saudi Arabia has decided to put its space program high on the list of its agenda, and in this regard a team of the kingdom’s officials is traveling around Europe seeking partnerships with leading companies.57 Europe-bound migrants drown as boat sinks off Libya
The ship sank off the Libyan port of Khoms, some 120 kilometres east of the capital Tripoli, a key gateway for Europe-bound migrantsUS Covid-19 performance worst: Think Tank
The US has over 34 million confirmed cases and over 600,000 deaths, the highest in the world, and the number of days with less than 5,000 daily new cases is only 62, which is the worst in the worldAssad starts new term after re-election described ‘neither free nor fair’
The vote extending Assad's grip on power was the second since the start of a decade-long civil war that has killed more than half a million people, displaced millions and battered the country's infrastructureDP World makes offer to buy all outstanding shares of Imperial Logistics
DP World expects the deal to build supply chains especially in Africa Imperial Logistics has operations in 25 countries Dubai-based port operator DP World said on Thursday it has made an offer of $890 million to acquire all the outstanding shares of the Johannesburg Stock Exchange-listed Imperial Logistics, allowing it...Bahrain clinical trials unit beckons pharma manufacturers
Manufacturers can carry out trials at a fraction of cost in Europe, US National Health Regulatory Authority responsive to safe, quality research trials A clinical trials unit in Bahrain has said it can enable pharmaceutical manufacturers across the world to carry out clinical trials faster than in Europe and America...Volkswagen to stop sale of combustion engines in EU by 2035
The EU will unveil tougher 2030 CO2 emissions targets and regulatory proposals on July 14 The firm says it will take a little longer in South America and Africa due to the lack of infrastructure, political framework Volkswagen has said it plans to stop producing cars with internal combustion engines...Europe-Gulf parliament talks soon, says top Kuwait lawmaker
The talks expected to address 'matters of mutual concern'  The Palestinian cause is one of the key issues Lawmakers from countries from the Gulf and Europe are slated to come together soon for talks in Kuwait that will address "matters of mutual concern," said local reports recently, quoting Kuwait’s National...Insect pest eats into Lebanon’s ‘white gold’ pine nut trade
Western conifer seed bug is believed to have reached Turkey from Europe in 2010 before entering LebanonBirla Carbon to raise rates in Europe, Middle East markets
Hike to compensate additional costs in freight, logistics The company plans more measures to address CO2 emission costs Birla Carbon, a supplier of carbon black, is set to increase the price for all its products made in Europe, Middle East and Africa (EMEA) region by euro 97/MT starting from June...GDPR: Europe entering a new era of data protection
For weeks now, inboxes have been flooded with bizarre ensemble of companies and organizations reminding people of personal data and asking them to agree new terms of services. Enter the new year of data protection: the European Union’s General Data Protection Regulation (GDPR) is now here and will revolutionize how...Competitiveness: UAE tops leading economies including Canada, Norway
The UAE has outperformed various advanced economies such as Sweden, Norway and Canada when its comes to competitiveness and has jumped 21 ranks between the years 2011 and 2018, according to a latest report. According to the latest edition of the World Competitiveness Yearbook 2018, published by the Swiss-based Insatiate...










































