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Category: BUSINESS

Posted on 04/12/2023

70,000 people flying to Dubai to talk climate change doesn’t feel like progress

If one wanted to be nitpicky about it, one could argue that 70,000 people riding airplanes to an oil country on the Arabian Peninsula to talk about climate change feels a bit like staging an AA …

Posted on 04/12/2023

PDP Slams Tinubu For Wasting Tax Payers’ Money On Mistresses, Cronies With 1,411 Delegates At COP28

The Peoples Democratic Party has protested against the President Bola Tinubu who led the federal government delegation to the Conference of the Parties, COP28, …

Posted on 04/12/2023

Here’s why the UAE, the autocratic COP28 host, allows limited protests at the summit

Participants at the United Nations’ COP28 climate talks on Sunday found themselves greeted by the rarest sights in the United Arab Emirates — public protests.

Posted on 04/12/2023

Team Abu Dhabi face familiar rivals in Khor Fakkan

The revival of Class 3 racing in the UAE began earlier this year, with Arif Al Zaffain and Nadir Bin Hendi taking Fazza to victory in Abu Dhabi …

Posted on 04/12/2023

Masdar Joins Forces with RWE in 11 billion Investment to Co-develop Massive 3GW Offshore Wind Projects in UK

Masdar, the UAE’s clean energy powerhouse, to acquire 49 percent stake in RWE’s 3GW Dogger Bank South (DBS) offshore wind projects, as part of 11billion investment in UK’s renewab …

Posted on 04/12/2023

Navigating the future of global logistics from Dubai

Serving 159 airlines in cargo and moving 2.7 million tonnes of goods per year, dnata provides an extensive suite of services out of its Dubai base including: warehousing and equipment supply, export …

Posted on 04/12/2023

Toto Wolff labels Michael Masi an ‘idiot’ after Abu Dhabi call

Toto Wolff has labelled former F1 race director Michael Masi an “idiot” nearly two years after his call cost Mercedes driver Lewis Hamilton an eighth world title. Masi was sacked by the FIA after a …

Posted on 04/12/2023

The Dubai Customs Consultative Council Commends Economic Performance in 2023

This acknowledgment occurred during the Consultative Council’s meeting for the final quarter of the current year. The meeting, attended by notable figures such as H.E. Ahmed Mahboob Musabih, Director …

Posted on 04/12/2023

UAE’s Cepas opening new pathways to green investment, minister says

The UAE’s comprehensive economic partnership agreements (Cepas) with countries around the world are opening “new pathways for green investments”, its trade minister has said, noting that global trade …

Posted on 04/12/2023

Cedar-IBSi FinTech Lab expands horizons: Unveils expansion plans and diverse program offerings

IBS Intelligence (IBSi) is the world’s only pure-play Financial Technology focused research, advisory, and fintech news analysis firm, with a 30-year track record and clients globally. We take pride …

Posted on 04/12/2023

Rishi Sunak: My tax cuts are ‘clear dividing line’ with Labour

The Prime Minister said the UK economy had “turned a corner” and that further tax cuts, following measures in last month’s Autumn Statement, were the “direction of travel”. Speaking to journalists en …

Posted on 04/12/2023

Dubai’s gold business is heading towards a defining moment – and it is not just one reason only

What Dubai does not require is being selectively targeted by some … Keith Weiner, founder and CEO of Monetary Metals, explained how his business leases gold to provide a yield to investors while …

Posted on 04/12/2023

Far more fossil fuel employees present at UN climate talks in Dubai than year before, report finds

“That business model needs to change. Dubai must be the starting point.” The companies represented by the 1,300-plus employees make up a big part of global emissions — which is also why they should …

Posted on 04/12/2023

DIFC’s strategic initiatives drive Dubai’s emergence as a global hub for sustainable finance

Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa, and South Asia (MEASA) region, today announced the launch of its Sustainable Finance …

Posted on 04/12/2023

Dahal invites UAE’s ‘vibrant business community’ to partner with Nepal for mutual growth

Nepal, according to Prime Minister Pushpa Kamal Dahal ‘Prachanda,’ requires a significant investment in infrastructure, human resources, and technology to move out of the LDC category by 2026.

Posted on 04/12/2023

UAE corporate tax: Keeping up with accounting standards

It can be a challenge to keep up with ever evolving accounting standards. For the majority, these hail from International Financial Reporting Standards. For those who conduct annual external audits, …

Posted on 04/12/2023

As host of UN COP28 climate talks, the autocratic UAE now allowing limited protests and critics in

Participants at the United Nations’ COP28 climate talks Sunday found themselves greeted by the rarest sights in the United Arab Emirates — public protests. From the largest demonstration seen …

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