A DNOC has commissioned the Belbazem block offshore the United Arab Emirates (UAE), marking a significant step in the company’s efforts to increase its oil production capacity. Located around 120km …
CASHIN KSA partners with Fils
CASHIN KSA, and Fils have forged a transformative partnership aimed at enhancing the financial landscape with sustainability at its core. Is a prominent POS and digital payments fintech in the region …
Commercial Bank of Dubai (CBD) joins Dubai FinTech Summit as a Strategic Banking Partner
The collaboration reinforces Dubai FinTech Summit and CBD’s shared commitment to strengthen the global financial ecosystem through innovation and …
There’s a shadow fleet sneaking Russian oil around the world. It’s an ecological disaster waiting to happen.
Last August, when an Indian seafarer disappeared from the tanker where he was working, transporting Russian oil to India and Turkey, his family complained they couldn’t get basic information about his …
Proposed long-term commercial licenses to boost business ecosystem in UAE, analysts say
Industry analysts and top executives say if the proposed commercial licences are introduced they will instil confidence among investors and enhance the attractiveness of the UAE f …
Keeping it in the family: This former electronic engineer started a business that now involves his 3 sons
Prompted and ably supported by his wife, Shaista Naz, how former electronic engineer Farooq Syed started and established a business in 1995 that now includes his …
World’s first flying cars get ready to take Dubai residents from door to door
An aviation company in Dubai has signed a deal with a Dutch business to bring the world’s first flying car to the Middle East and Africa. Aviterra, an aviation and aerospace component manufacturing …
PhonePe users can now make UPI payments in UAE via NEOPAY Terminals
Fintech firm PhonePe App users travelling to the UAE can now make payments using UPI at Mashreq’s NEOPAY Terminals, the Walmart group digital payments firm said on Thursday.
Kenya, Uganda to end oil import feud over licensing
The Kenyan government has said it will license the Uganda National Oil Company (Unoc), a move expected to bring to an end months of a major feud. On Wednesday, Energy Cabinet Secretary Davis Chirchir …
UAE’s IRH plans bid for stake in Zambia’s Lubambe copper mine
International Resources Holding (IRH), a unit of Abu Dhabi’s International Holding Company, said it intends to bid for a stake in Lubambe Copper Mine in Zambia. IRH, which recently bought a 51% stake …
Sharjah Ramadan Majlis 2024 brings emirate’s ecosystem together
Sharjah24: Under the patronage of Sheikha Bodour bint Sultan Al Qasimi, President of American University of Sharjah, and presence of H.E. Abdulla Bin Touq Al Marri, UAE Minister of Economy, the …
Sharjah Ramadan Majlis reviews investment opportunities
His Excellency Mohammed Juma Al Musharrakh, Executive Director of the Sharjah Foreign Direct Investment Office “Invest in Sharjah”, confirmed that 2024 Sharjah Ramadan Majlis, during its sessions, …
The curious case of UAE-based funds in India’s small-cap bubble
Obscure offshore funds may have played a role in running up the share price of certain small-cap companies in India. Several of these funds have links with Hari Tibrewala, the Dubai-based ‘hawala …
India’s March gold imports seen plummeting over 90% as record prices curb demand: Report
India’s gold imports are reportedly set to plunge by more than 90 percent in March from the previous month, as record-high prices pull down demand in the world’s second-largest consumer market for the …
Kenya ends oil import feud with Uganda
The deal was set to expire at the end of last year but was extended to December 2024. Uganda imports an average of 2.5 billion litres of petroleum annually valued at $2 billion (Ksh261.98 billion) …
UAE Considers 10-Year ‘Golden’ Business License To Boost Foreign Investment: Here’s What It Means
In a bid to enhance business activities and increase government revenues, the United Arab Emirates (UAE) is contemplating the introduction of long-term business licenses, including 10-year “golden” …
13 new hotels in Dubai, from FIVE to One&Only
Dubai is an ever-changing landscape of skyscrapers, huge shopping malls and five-star hotels. And 2024 is no exception to this rule, as there are a number of new hotels that we’re excited about …