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Abu Dhabi’s initiative to broaden the scope of its freelancer licence has introduced 30 additional activities, aiming to enhance opportunities for skilled professionals across various fields. The Abu Dhabi Business Centre (ADBC) made the announcement, which marks a significant step in the city’s ongoing efforts to position itself as a leading hub for talent and innovation. Among the new activities now eligible under the freelancer licence are […]

Negotiations to address the ongoing conflict between Israel and Gaza are gaining momentum as high-level talks are scheduled to commence in Doha. The planned discussions, involving representatives from the United Nations, the United States, and Qatar, aim to broker a ceasefire agreement to halt the escalating violence in the region. The announcement comes amidst mounting international pressure for a resolution to the hostilities that have resulted in […]

Iran’s new Oil Minister, Javad Owji, is confronting a complex landscape of regional conflicts and international sanctions that threaten to hinder the nation’s energy sector. Appointed to the role in August, Owji faces a dual challenge: revitalizing Iran’s struggling oil industry while navigating the fraught geopolitical environment shaped by longstanding Western sanctions and turbulent relations with neighboring countries. Owji, who previously served as Iran’s Deputy Oil Minister […]

RIYADH: King Abdulaziz Port in Dammam is strengthening its global trade position with a newly introduced shipping service that links Saudi Arabia more efficiently with major ports in India and China. The General Authority for Ports, known as Mawani, has unveiled the “Milaha Gulf Express 2” service, operated by Qatari maritime company Milaha. The new route is designed to bolster the port’s connectivity, enhancing its significance in […]

Partnership will empower Prudential’s 15,000 employees to use AI to better serve its customers, with end-to-end support from Google Cloud New ‘AI Lab’ will initially focus on use cases that deliver better healthcare experiences and operational excellence HONG KONG SAR – Media OutReach Newswire – 15 August 2024 – Prudential plc (Prudential) and Google Cloud today announced an expanded strategic partnership to build innovative AI-powered products and […]

UAE-based professionals seeking the Golden Visa must now demonstrate a minimum basic monthly salary of Dh30,000. This new requirement, according to immigration experts and affected residents, does not account for allowances or additional benefits. The policy aims to ensure that visa applicants possess a stable and substantial income to qualify for long-term residency. The decision to exclude allowances from the salary calculation has sparked concern among many […]

The central banks of India and Russia are engaged in discussions to establish a robust mechanism that will expand bilateral trade using local currencies. These negotiations are seen as a strategic move to address the ongoing payment challenges that have emerged due to the significant increase in trade between the two nations following the conflict in Ukraine. Efforts to shift from traditional trade currencies to local currencies […]

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Riyadh Air has taken a significant step towards sustainability by introducing the first electric bus in its fleet, dedicated to transporting employees. This move aligns with Saudi Arabia’s Vision 2030, which emphasizes reducing carbon emissions and enhancing environmental stewardship. The introduction of the electric bus was made possible through collaboration with National Transportation Solutions Co. (NTSC), a division of Petromin Corp., and TAM-Europe, known for their expertise […]

A consortium led by Abu Dhabi Sustainable Water Solutions (ADSWS) has secured a landmark contract to develop Uzbekistan’s largest wastewater treatment facility. Once operational, the plant will have the capacity to process 1.5 million cubic meters of wastewater daily, marking a significant advancement in the country’s infrastructure and environmental management. The project, situated near Uzbekistan’s capital, Tashkent, is set to be the most extensive of its kind […]

UAE-based companies raised $890 million through two major initial public offerings (IPOs) in the second quarter of 2024, contributing significantly to the Gulf region’s overall IPO market. The academic services provider, Alef Education Consultancy, generated $515 million on the Abu Dhabi Securities Exchange, while the retail chain Spinneys garnered $375 million on the Dubai Financial Market. These IPOs represented a substantial portion of the Gulf’s $2.64 billion […]

Singapore National Stadium Venue Operations Team wins the ‘Unsung Hero’ Award at TheStadiumBusiness Awards 2024. It bested six international contenders and stands as the only venue in Asia to receive an award. SINGAPORE – Media OutReach Newswire – 14 August 2024 – The Singapore Sports Hub Venue Operations Team flew the Singapore flag high internationally by winning in the ‘Unsung Hero’ category at TheStadiumBusiness Awards 2024 for […]

A turbulent financial landscape and rising global tensions have cast a shadow over Japan’s upcoming prime ministerial race, setting the stage for an exceptionally uncertain political environment. The current administration, led by Prime Minister Fumio Kishida, is grappling with escalating inflation, unpredictable financial markets, and a deteriorating security climate. As Japan prepares for a potential change in leadership, these challenges are likely to shape the political discourse […]

By Nitya Chakraborty Eight days have passed since the ouster of   from power in Bangladesh on August 5 following the mass upsurge led by the students and other opposition parties against the 15 year rule of the Awami League Government led by her. Much has been written about the developments that led to her fall […]

Cleveland Clinic Abu Dhabi has reached a significant milestone with 664 organ transplants performed since the inception of its organ transplant program in 2017. The program, which has rapidly expanded since its launch, has established itself as a leading center for advanced organ transplantation in the region. The transplant program at Cleveland Clinic Abu Dhabi is notable for its comprehensive approach and advanced medical technology. The facility […]

Watania International Holding PJSC (DFM: WATANIA) has announced a net profit of AED 7.9 million for the first half of 2024, demonstrating a solid performance amid challenging market conditions. This marks a significant turnaround for the company, following a period of financial uncertainty. The company’s financial results reflect a substantial increase compared to the same period last year. The growth is attributed to a strategic focus on […]

Core Scientific, one of the largest Bitcoin miners in the U.S., has announced plans to raise up to $350 million through the issuance of convertible notes. The move is aimed at repaying existing loans and funding general corporate operations, as the company seeks to strengthen its position in the increasingly competitive cryptocurrency mining industry. The announcement highlights Core Scientific’s efforts to maintain financial stability while continuing to […]

Abu Dhabi’s wealth fund, ADQ, is reportedly targeting Bank Audi’s Turkish operations as it seeks to expand its financial portfolio in the region. The Abu Dhabi Developmental Holding Company (ADQ), known for its substantial investments in various sectors, is eyeing the acquisition of Bank Audi’s Turkish subsidiary amid a strategic push into the Turkish financial market. The move aligns with ADQ’s broader strategy to diversify its investments […]

Economic forecasts and evolving consumer habits position Gulf Cooperation Council (GCC) cities as burgeoning hubs for global retail. Recent analysis highlights a notable shift in consumer spending patterns and infrastructure developments across the GCC region, signaling a new era for luxury and high-end retail markets. Dubai, renowned for its extravagant shopping festivals and luxury malls, is set to consolidate its status as a premier shopping destination. The […]

More than 800 organ transplants have been successfully performed in Abu Dhabi, marking a significant achievement in the emirate’s healthcare sector. This announcement was made by the Department of Health – Abu Dhabi (DoH) in alignment with World Organ Donation Day, highlighting the progress made in the region’s organ transplantation capabilities. The organ transplant program in Abu Dhabi has seen considerable growth in the last few years, […]

Khalifa University of Science and Technology in Abu Dhabi has introduced a new full-time Bachelor of Science program focused on Robotics and Artificial Intelligence. This initiative marks a significant expansion in the university’s academic offerings, designed to meet the growing demand for skilled professionals in these advanced technological fields. The program aims to equip students with comprehensive knowledge and practical skills in robotics and AI, addressing the […]

The 7th edition of the Sharjah Investment Forum (SIF) is set to take place on September 18-19, 2024, under the theme “A Futuristic Vision for Smart Economies.” This event, organized by the Sharjah FDI Office (Invest in Sharjah), will gather global leaders, investors, and experts to discuss the role of artificial intelligence (AI) in shaping future economies. This year’s forum will emphasize the integration of AI platforms […]

As the UAE commemorates International Youth Day, the nation’s leadership has placed significant emphasis on the pivotal role that young people play in shaping the future. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, alongside His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, have both underlined the immense potential of […]

By Anjan Roy The latest inflation data, released by the union government on Monday, shows price rise at a lowest clip since 2019. This is good news. But it raises a series of questions as well. The last figure shows overall inflation rate of 3.54 per cent in July 2024, which is far lower than […]

Adnoc Drilling has confirmed its inclusion in MSCI indices, effective from the close of markets on August 30, 2024. This significant move marks a pivotal moment for the Abu Dhabi-based company, reflecting its growing prominence and stability in the global financial landscape. The decision to list Adnoc Drilling on MSCI indices is expected to enhance the company’s visibility and attract a broader base of institutional investors. MSCI, […]

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