NEW YORK, US – Bitcoin has captured the limelight in recent weeks as it surged to a new record high, yet another major cryptocurrency, Ether, has been enjoying its own meteoric rise. Launched in 2015, Ether, also known as Ethereum, is by far the second-largest digital currency in terms of total...

Iran announced the launch of a remote sensing and imaging satellite into orbit from Russia, according to state media. The launch of "Pars-I" with the Russian Soyuz-2.1b launcher was broadcast live by state television in Iran. The satellite was launched "from Russia's Vostochny launch base", some 8,000 kilometers east of...

ABU DHABI, UAE - The director general of the World Trade Organization, Ngozi Okonjo-Iweala, on Sunday launched a $50 million fund to help female entrepreneurs in developing countries to export more using the opportunities offered by the digital economy. The announcement came ahead of the 13th ministerial conference of the WTO...

It will help customers to seamlessly process transfers.

DUBAI, UAE - Dhai Dubai, the first-ever Emirati-led light art festival, has launched its illuminating 10-day program at Expo City Dubai. The event celebrates the rich artistic tapestry of Emirati through a series of awe-inspiring artistic projections, interactive installations, enlightening talks and creative workshops. The free-to-attend festival is created and...

NEOM, SAUDI ARABIA - NEOM's Board of Directors has announced the launch of Zardun - an exclusive resort and natural reserve that will contribute to the restoration and revitalization of the surrounding environment. This will help in supporting NEOM's efforts to develop luxury ecotourism in the Kingdom. Zardun is NEOM's...

Iran's Revolutionary Guards launched a research satellite, a minister said, putting it into a higher orbit in a milestone for its aerospace program that has faced Western criticism. The United States has warned Iran against such launches, saying the technology can be used for ballistic missiles, including ones designed to...

A Houthi military official told the rebels's Al-Masirah TV that fighters will continue to target Israeli ships heading to "the ports of occupied Palestine, no matter how the American-British aggression tries to prevent us from doing so." US media quoted US officials as saying another round of strikes had been...

Tehran, Iran-- BRICS is preparing to launch new bonds in global markets, which will be available in local currencies rather than in the US dollar The BRICS bank, known as the New Development Bank (NDB), will soon release the bonds called ‘Maharaja Bonds’ worth $28 billion, IRNA reported on Sunday...

ABU DHABI, UAE - Lunate Capital announced the launch of the Chimera SP India Shariah ETF, a physical, in-kind, liquid, and fully fungible exchange traded fund, that will list on the Abu Dhabi Securities Exchange (ADX). Lunate Capital is an Abu Dhabi-based management company licensed by the Securities and Commodities...

It will introduce a commercial model in the US in 2026.

RIYADH, SAUDI ARABIA -  Awaed Alosool Capital announces the launch of the Awaed platform, revolutionizing investment opportunities in public listed companies. Awaed Alosool unveils an innovative platform dedicated to empowering individuals in Saudi Arabia with seamless access to Sharia compliant investment in various financial instruments, including investment funds and stock markets.Awaed...

ABU DHABI, UAE - CEO and Co-Founder of Astra Tech Abdallah Abu-Sheikh said that the company will launch its first financial services empowered by artificial intelligence (AI) in 2024. In statements to the Emirates News Agency (WAM) on the sidelines of the Abu Dhabi Financial Week (ADFW), Abu-Sheikh said that...

RIYADH, SAUDI ARABIA – The Saudi Ports Authority (Mawani) and CMA CGM launched on Wednesday a new logistics park at Jeddah Islamic Port, with a total area exceeding 130,000 square meters and an investment value nearing US$132 million (SAR 487 million). President of Mawani Omar Hariri said, “The new logistics...

RIYADH, SAUDI ARABIA – The Kingdom’s ministry of investment and ministry of foreign affairs launched the second phase of issuing a "Visiting Investor" business visit e-visa. This service is offered to foreign investors as part of the Kingdom’s efforts to boost investment, consistent with Saudi Vision 2030, which aims to...

DUBAI, UAE - The Ministry of Human Resources and Emiratization (MoHRE) has launched awareness guidebooks for private sector companies and Emirati private sector employees to raise awareness on Emiratization-related decisions and initiatives in the country. The guidebooks also provide information on the benefits provided by both the Ministry and Nafis...

WASHINGTON, US - Elon Musk said his new artificial intelligence company would release a new AI model on Saturday to a "select group" of users as he looks to rival industry leaders OpenAI and Google. The release would be the first from Musk's new startup, xAI, that he launched in July...

RAS AL KHAIMAH -- Durar, a prominent UAE real estate developer, is set to launch MASA Residences, a luxury residential development in Ras Al Khaimah. This $190.58 million project, with interiors by YOO inspired by Starck, marks Durar's entrance into the UAE's Northern Emirates and is poised to elevate Al...

The firm will drive strategic investments and partnerships

Last week, the Islamic republic said it had successfully launched the Noor-3 imaging satellite by its three-stage Qassed rocket, in the latest display of its aerospace technology. Western nations have been warning against such activity, saying the same technology can be used for ballistic missiles including ones designed to carry...

Riyadh, Saudi Arabia-- Saudi Broadcasting Authority (SBA) has launched a new TV channel called Saudia Alaan (Saudi Now) to highlight the kingdom’s “rapid progress” towards the Saudi Vision 2030 and its recent advancements. The ceremony, held under the patronage of the Minister of Media and Chairman of the Board of...

AMMAN, JORDAN - Amman Chamber of Commerce (ACC) and the Iraqi Embassy here agreed to open Iraqi Trade Center at ACC's headquarters ahead the end of 2023. During his meeting with Chargé d'Affairs at Iraqi Embassy, Munif Ali Hussein, ACC Head, Khalil Haj Tawfiq, said Iraq is a "key" trade...

RIYADH, SAUDI ARABIA - Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, Prime Minister and Chairman of KAUST Board of Trustees, launched on Sunday a new strategy of the university. The strategy aims to transform research into economically productive innovations by focusing on the national priorities for research, development,...

DUBAI, UAE – UAE Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei launched the National Program for Infrastructure Development (Salamah 365). This is a transformational project under the performance agreements signed by federal authorities in 2022 in the presence of Sheikh Mohammed bin Rashid Al Maktoum, Vice President,...

In a UAE's first, Istikrar will offer long-term, fixed-rate home finance.

Making a strong push for transition to a green economy by building a clean energy infrastructure, Dubai saw the launch of the first phase of the plant at Warsan. Speaking at the site, the crown prince of Dubai said that the emirate has steadily expanded its capacity to produce energy...

It is expected to propel Qatar as an investment hub.

Riyadh, Saudi Arabia-- Saudi Arabia has unveiled its own cruise-line brand called AROYA Cruises to fuel growth in its tourism sector, luring 1.3 million cruise visitors by 2035. According to media reports, AROYA, though a part of Cruise Saudi, will run as an independent business unit. Its name was formed...

Abu Dhabi, UAE--The Federal Tax Authority (FTA) has launched what it dubs as a ‘Corporate Tax Virtual Workshops’ awareness platform, designed to provide knowledge and support for taxpayers who are subject to corporate tax. The new feature forms part of the steps the FTA has taken to ensure a smooth...

ABU DHABI, UAE -  The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has launched an ambitious program to develop and sustain beekeeping and honey production in the Emirate. The program is based on scientific, applied studies and research to develop the best methods and practices suitable for the UAE...

GENEVA, SWITZERLAND - The World Trade Organization (WTO), the World Bank Group (WBG) and the World Economic Forum (WEF) on Thursday launched an initiative to help developing economies meet their climate change mitigation and adaptation goals through trade. The initiative Action on Climate and Trade (ACT) . which starts with...

Dubai, UAE--Dubai Electricity and Water Authority (DEWA) has completed preparations to launch its second nanosatellite for remote sensing applications in April 2023. The 6U nanosatellite is part of DEWA’s Space-D programme. DEWA Sat-2 will be launched by SpaceX Falcon 9 rocket from Vandenberg Air Force Base in California, USA. The...

DUBAI, UAE -  UAE Ministry of Human Resources and Emiratization (MoHRE) announced that the Unemployment Insurance Scheme has exceeded one million subscribers since its launch in January 2023. The Unemployment Insurance Scheme covers employees in the federal government sector and the private sector, providing low-cost job security net that supports...

The launch is part of a year-round program that will allow women filmmakers to collaborate with leading industry professionals and access funds to create and share their stories.

MAARET MASRIN, SYRIA - Syrian medics launched Tuesday the first cholera vaccination campaign in the rebel-held northwest since a deadly outbreak began last year, amid increased fears of contagion after last month's devastating earthquake. Health workers were going door to door to inoculate people in homes and displacement camps in the...

Dubai, UAE-- Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai has approved the design of the new air taxi stations in Dubai, which will start operating within three years. “Today, we approved the designs of flying taxi stations in Dubai...

Dubai, UAE--Dubai International Financial Centre (DIFC) unveiled the “DIFC Metaverse Platform” to attract technology innovators from around the world. The platform is part of a comprehensive strategy being developed by Dubai International Financial Centre, the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, to...

DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) launched the 'OWNEK' awareness initiative to help its accredited contractors and consultants receive approval on the first instance when requesting electricity connections. This initiative will save the contractors and consultants time and effort and speed up the workflow. The initiative includes...

North Korea's Kim Jong Un has called for a major increase in the country's nuclear arsenal, including mass producing tactical nuclear weapons and developing new missiles for nuclear counterstrikes. Kim called for the increase at the end of a key party meeting in Pyongyang.

AL AIN, UAE - The College of Agriculture and Veterinary Medicine at the United Arab Emirates University launched an awareness campaign entitled "Food Waste Audit". The campaign was launched in cooperation with the Office of the Associate Provost for Research and participation of the Abu Dhabi Waste Management Center (Tadweer)...

DHAKA, BANGLADESH - The UAE participated in the Indian Ocean Rim Association's (IORA) 22nd Council of Ministers (COM) meeting and the 24th Committee of Senior Officials (CSO) meeting held in Dhaka, Bangladesh from November 22 to 24. The UAE delegation was led by Ahmed Ali Al Sayegh, Minister of State...

SHARJAH, UAE - ASAS Real Estate Company, the real estate arm of Sharjah Islamic Bank (SIB), announced the launch of the second phase of sales of the "Al Rahmaniyah Commercial Lands" project. The project follows increasing demand for the company's latest real estate projects. Located in the Rahmaniyah suburb of...

The Ministry of Climate Change and Environment (MOCCAE) introduced the second edition of the UAE Green Business Toolkit in partnership with the Global Green Growth Institute (GGGI) at the 27th United Nations Climate Change Conference (COP27), held in the Egyptian city of Sharm El Sheikh.

Three months after launching a satellite with the help of Russia, Iran has announced the successful test flight of a rocket capable of propelling satellites into space. While countries like the US have voiced concern that it could boost Iran's ballistic missile technology, Iran insists that such launches are for...

Riyadh, Saudi Arabia— Aramco will launch a $1.5 billion sustainability fund to invest in stable and inclusive energy transition technology. According to its CEO Amin Nasser, the fund will be managed by the company's venture capital arm Aramco Ventures. The CEO said that the fund will be “among the biggest...

Saudi Crown Prince, Prime Minister and Chairman of the Council for Economic and Development Affairs Prince Mohammed bin Salman bin Abdulaziz announced the launch of the Global Supply Chain Resilience Initiative. GSCRI aims to make Saudi Arabia a location of choice for leading global industrial companies looking to improve business...

UAE Ministry of Human Resources and Emiratization has launched the Customer First Forum, comprising virtual sessions on a weekly basis on queries of employers and employees in the private sector and citizens seeking jobs.

NASA has called off the scheduled Tuesday launch of its uncrewed mission to the Moon due to a tropical storm that is forecast to strengthen as it approaches Florida. After two previously canceled launch attempts, NASA is weighing returning the Artemis 1 mission rocket to its assembly site under the...

The digital bank is co-owned by ADQ, Etisalat, and others.

The center will be a hub for high-net-worth individuals.