On June 27, 2023, the Treasury Department’s Office of Foreign Assets Control (OFAC) announced new sanctions on entities affiliated with the violent Russian private military company, Wagner Group, a unit of paramilitary mercenaries,
Ericsson Cloud RAN Powers Telstra’s 5G Network Launch
The rollout of Ericsson’s Cloud RAN technology for Telstra’s commercial 5G network is the first deployment in Australia and marks a major milestone in Telstra’s ability to deliver next generation 5G …
Dubai’s record-breaking hybrid solar power plant to be completed in Q1 2024
One of the world’s largest hybrid solar power plants located in Dubai is on track for completion in early 2024. The 950-megawatt (MW) fourth phase of Mohammed bin Rashid Al Maktoum Solar Park is …
Dubai’s dirty shekel secret? Israelis saving pennies by hoarding money in the Emirate’s tax haven
many Israelis are fleeing the long arm of the Israel Tax Authority to the tax haven of Dubai, which has no bank reporting. Tightening tax regulations in many countries, beginning with the US …
UAE attracts record $23 billion in foreign investment in 2022, UN report says
Foreign direct investment (FDI) flows into the United Arab Emirates rose 10% in 2022 from the previous year to a record $23 billion, the United Nations trade body said in a report on Wednesday.
How Dubai siblings created a thriving chocolate factory for diabetic mother
Co Chocolat, owned by FIlipina sisters Iman and Luchie Suguitan, has a physical store inside Candylicious at Dubai Mall …
Pharmacy in Abu Dhabi Under Investigation for Insurance Fraud
According to authorities, an Abu Dhabi pharmacy has been reported to the public prosecution for allegedly violating health insurance policies.Read More: UAE Unemployment Insurance: Related Conditions …
Makani’s Abu Dhabi community centre set for Q4 completion
UAE-based Makani Real Estate has announced that work is in full swing at its new vibrant community centre, Makani Khalidiya Garden, in Abu Dhabi and due for completion in Q4. Spanning two floors and …
Abu Dhabi and OMV in talks to form chemicals giant
Abu Dhabi is discussing with Austria’s OMV the combination of two major chemicals and plastics companies in which they have interests, a source familiar with the matter told Reuters on Tuesday, in a …
The Best Time To Visit Dubai And Avoid Hot Temperatures
Once a humble fishing village, Dubai has transformed into a futuristic city that attracts tourists worldwide. With its iconic landmarks, luxurious resorts, and year-round sunshine, Dubai has become a …
Renewable energy: MoU signed with UAE
ISLAMABAD: A memorandum of understanding (MoU) was signed between Pakistan and the United Arab Emirates (UAE) in …
Minister of SMEs & Startups conducts ‘shuttle diplomacy’ for cooperation with UAE Minister of Economy
On July 6, the Ministry of SMEs and Startups announced that its minister, Lee Young, held a meeting with Abdullah bin Touq Al Marri, the UAE Minister of Economy, in the 63 Building in Yeouido, Seoul, …
UAE COP28 president calls on oil firms to ‘deliver climate action’
Sultan Ahmed Al Jaber gave a televised address to delegates at the OPEC International Seminar in Vienna, a meeting of oil executives and OPEC ministers.
UAE’s Ministry of Investment to further boost foreign direct investment after record year
The UAE’s move to form a Ministry of Investment this week is part of an orchestrated push by the country to boost foreign investment as it seeks to diversify its economy. The new ministry will …
UAE breaks foreign direct investment record as Saudi Arabia sees 59% dip
Israel and the United Arab Emirates led the Middle East and North Africa for the highest FDI inflow — the purchasing of assets in another country — and globally placed 15th and 16th, respectively, …
UAE’s Massive 250MW Mine Site Ushers Middle East Bitcoin Mining Boom
A joint venture between Marathon Digital Holdings and Zero Two has paved the way for a massive 250MW Bitcoin mining operation in Abu Dhabi.
Bullish Outlook for XRP as Ripple Class Action Receives Certification: Can Price Hit $1 by the End of July? Details
Ripple victory in the SEC case could undermine the class-action lawsuit. Certification of the class-action lawsuit only applies to US investors, not affecting XRP holders in other jurisdictions.