Egypt has been negotiating to replace a detained Ukrainian wheat shipment, two people with knowledge of the matter said, after talks to release the vessel carrying it proved unfruitful. The cargo of about 60,000 tonnes of Ukrainian wheat is currently aboard a ship called Emmakris III that was detained inContinue Reading
Dubai plans to cut carbon emissions by 30% by the end of 2030, the emirate’s government media office said on Sunday on its website. The plan is part of a broader strategy, announced by the United Arab Emirates in October, to achieve carbon emission neutrality by 2050, the office said. Continue Reading
The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland, June 22, 2020. REUTERS/Arnd Wiegmann/File Photo DUBAI, Oct 21 (Reuters) – UBS (UBSG.S) will establish a new wealth desk in Dubai that will add coverage of Oman and Kuwait markets, and a dedicated sales team to captureContinue Reading
Apple Chief Executive Tim Cook said it marked the beginning of a major new era for a product line that powered the company’s rise in the 1980s and its resurgence in the late 1990s. San Francisco: Apple Inc on Monday said it will switch to its own chips for itsContinue Reading
Bahrain International Airport (BIA) is rolling out additional health and safety measures to protect the wellbeing of passengers and staff at the terminal, said a report citing an announcement from Bahrain Airport Company (BAC). The CAA guidelines are in line with the International Civil Aviation Organization’s (ICAO latest guidelines forContinue Reading
Emerging markets need more say on digital currencies Governments in emerging markets must have greater say in the regulation of digital currencies that could facilitate illegal capital flows and disrupt foreign exchange management, a senior official of China’s foreign exchange regulator said on Monday. China has signalled it is activelyContinue Reading
Qatar Airways, JAL among suitors for Malaysia Airlines Three international carriers have put in bids to buy a strategic stake in the ailing Malaysian carrier, Malaysia Airlines, according to a report published on Saturday by business weekly The Edge Malaysia. Malaysia’s government said on Tuesday that sovereign fund Khazanah NasionalContinue Reading
French luxury group LVMH offers to buy U.S jeweler Tiffany Louis Vuitton owner LVMH has approached Tiffany & Co with an acquisition offer, people familiar with the matter said on Saturday, at a time when the U.S. luxury jeweler grapples with the impact of tariffs on its exports to China.Continue Reading
Qualcomm creates $200 million fund for 5G uses beyond phones Qualcomm Inc on Thursday said it has created a $200 million venture capital fund to invest in startup companies looking to use 5G technology in devices other than smartphones. Qualcomm is supplying chips for 5G, the next generation of mobileContinue Reading
Golden M Group has announced that Coin M will be the first of its kind in the Middle East A new gold-based, Sharia-compliant cryptocurrency is expected to enter the UAE market before the end of 2019. A new gold-based, Sharia-compliant cryptocurrency is expected to enter the UAE market before theContinue Reading