Arab Funds

UN appeals for $110 million for Afghanistan earthquake response

The United Nations on Monday issued an urgent appeal for $110.3 million to provide lifesaving assistance to more than 360,000 Afghans who were affected last week by a magnitude 5.9 earthquake that killed around 1,000 people, including 150 children. Funding is needed over the next three months to meet urgent …

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Saudi Arabia bestows Order of King Abdulaziz on Pakistani military leader

RIYADH: Psychedelic researcher Stanislov Grof once wrote that “psychedelics, used responsibly and with proper caution, would be to psychiatry what the microscope is to biology and medicine or the telescope is to astronomy.” . For many, this may seem like a far-fetched claim, but now more than ever it is …

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CNN Academy Abu Dhabi returns with an expanded training program for journalists

DUBAI: Last year, TikTok overtook Google as the most popular website, according to internet security firm Cloudflare. The short-form video app’s unprecedented popularity has spurred a new wave of content creators and influencers, and given rise to new types of content and shopping trends. Consumption of tech-related content on the …

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Saudi Esports body partners with Mastercard to boost gaming industry

Crypto Moves – Bitcoin and Ethereum fall; Terraform Labs personnel prohibit travel; Creating a Metaverse Standards Body RIYADH: Bitcoin, the leading cryptocurrency internationally, traded lower on Wednesday, falling 2:30% to $20,389.86 at 9 a.m. Riyadh time. Ethereum, the second most traded cryptocurrency, was priced at $1,093.61, down 4.84%, according to …

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Saudi MMDA invites companies for 65 km road project contract in Medina

Diriyah Gate Development Authority Earns US Green Building Council Sustainability Certification RIYADH: The first phase of the Diriyah Gate Development Authority master plan has received platinum-level pre-certification for “Leadership in Energy and Environmental Design” by the US Green Building Council. LEED certification is generally granted for projects that work with …

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How Saudi Arabia’s $18 billion logistics industry is expanding to the rest of the world

RIYADH: Any cargo delivery business will feel a bit sinking at the thought of short-term storage, with most warehouse operators insisting on minimum volumes and contracts of at least a few months. Logexa, an online logistics platform launched by Husam Sendi and his co-founders in September 2021, has turned the …

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Oman’s Sohar bank plans merger with HSBC

UAE EPC Company NMDC and AD Ports Form Joint Venture to Offer Offshore Surveys and Subsea Services DUBAI: The UAE National Marine Dredging Group and AD Ports Group have entered into an agreement to establish a joint venture that will conduct offshore surveys and subsea services in the region. Safeen …

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Arab countries hosting Palestinian refugees reject any amendment to UNRWA mandate

BEIRUT: Meetings of the UNRWA Advisory Commission began Tuesday in Beirut, with Arab countries hosting Palestinian refugees insisting the agency retain control of its mandate under resolution 302 (1949). The agency provides services to more than 5.8 million Palestinian refugees in Arab host countries, namely Lebanon, Syria, Jordan, Egypt, as …

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Libyan oil production plummets due to new shutdowns and violence

RIYADH: Bitcoin, the leading cryptocurrency internationally, traded lower on Monday, falling 5.60% to $25,767.27 as of 8:30 a.m. Riyadh time. Ethereum, the second most traded cryptocurrency, was priced at $1,356.23, falling 5.45%, according to data from Coindesk. Crypto Firm Celsius Halts All Transfers As Market Crashes In another indication of …

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Five people killed in helicopter crash near Tuscany, Italy

ITALY, Venice: Venice’s first mosque was inaugurated in a ceremony attended by representatives of the Italian Islamic community and city institutions. The opening of the mosque means the city – a UNESCO World Heritage Site and a tourist and artistic site – now has a dedicated place of worship for …

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UN Security Council must reauthorize vital UN cross-border response within a month – Syrian Arab Republic

New York, NY, June 9, 2022 – Today marks exactly one month before the UN Security Council is due to vote to renew a resolution that authorizes the transfer of aid across the northwestern border of the Syria. Since 2014, this mechanism has been a lifeline for millions of people …

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Gaudu grabs Dauphine’s third stage win, Van Aert takes race lead

RIYADH: A discussion by the Red Sea Development Company as part of its annual Elite Graduate program was hailed as “inspiring” and “energizing” by the latest group of students enrolled in the course. The Riyadh meeting, led by TRSDC CEO John Pagano, welcomed the third group of students participating in …

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Asian buyers seek more Saudi crude despite massive price hike: Bloomberg

RIYADH: Bitcoin, the leading cryptocurrency internationally, traded higher on Monday, rising 4.90% to $31,188.36 as of 8:00 a.m. Riyadh time. Ethereum, the second most traded cryptocurrency, was priced at $1,880.47 up 4.01%, according to data from Coindesk. Crypto Scam Losses Surpass $1 Billion Since 2021 More than 46,000 people reported …

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Iranian resistance disrupts state apparatus on anniversary of Ayatollah Khomeini’s death

CHICAGO: Resistance activists in Iran have disrupted parts of the country’s security apparatus, senior officials tell Arab News, as the country prepares to mark the anniversary of Ayatollah Ruhollah’s death Khomeini, the founder of one of the most repressive states in the world. Regime opponents took control of security systems …

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Hajj will host 1 million pilgrims this year, minister says

Jeddah: An exhibition was launched Tuesday in Jeddah to support patients suffering from chronic diseases, showing local products and homemade products at the Jeddah Superdome under the patronage of Princess Adela bint Abdullah. Organized by the National Home Health Care Foundation with the support of the General Entertainment Authority, the …

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The Smithsonian Folklife Festival returns to the National Mall with stories of land, sea and sky

After a two-year hiatus, the Smithsonian Folklife Festival returns to the National Mall in Washington, DC, with programs designed to spark curiosity, understanding and enjoyment. Visitors to the 2022 Smithsonian Folklife Festival can explore the cultural traditions of the United Arab Emirates (UAE) and the Smithsonian’s Earth Optimism program through …

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UAE’s handling of COVID-19 pandemic hailed in Davos

The UAE’s handling of the COVID-19 pandemic has been praised by a panel of experts at the annual World Economic Forum in Davos. The roundtable, held on Wednesday, also heard experts discuss the historic Abraham Accords signed between the UAE and Israel in 2020, saying they presented a huge opportunity …

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Saudi Rawabi Holding’s energy unit eyes $500m funding ahead of IPO: Bloomberg

TRSDC is grooming a new breed of Saudi hospitality professionals to put the Kingdom firmly on the global tourism map RIYADH: A few years ago, it was a bit inconceivable to see tourists in large numbers swimming in the Saudi Red Sea or marveling at the breathtaking natural habitats of …

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Zoabi has not been promised any new funding to return to the coalition, say people in meeting

As part of today’s deal that returned Meretz MP Ghaida Rinawie Zoabi to the coalition just three days after her departure, pledges were made to transfer existing funds – rather than new ones – to municipalities Arabs,” Kafr Manda Mayor Ali Khader Zidan said. Zidan, who was one of several …

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Trump Associates facing more legal scrutiny

Bad news for Trump and his associates as a key Democrat confirms that the DOJ requested the Jan. 6 transcripts. A federal grand jury also dismissed other charges against the former chairman of Trump’s inaugural committee in 2017. And the DOJ has filed a civil lawsuit against casino magnate and …

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Saudi crude oil exports fall 1% in March, biggest monthly decline of the year: JODI

Indonesian President Elon Musk in talks for investment in Asian country: NRG counts RIYADH: The Indonesian President is in talks with Tesla CEO Elon Musk regarding various investments in the country. Protesters in Suffolk oppose the construction of a nuclear power station, fearing disruption in various sectors. Elsewhere, the UK …

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Digital Asset Transactions in Saudi Arabia Surpass $20 Billion in 2021, Says BitOasis Executive

How Saudi women’s participation in logistics and e-commerce is growing DUBAI: Every year, more Saudi women are joining the Kingdom’s workforce in a host of industries long dominated by men, largely thanks to reforms introduced under the Vision 2030 reform programme. The Vision 2030 reform program was launched in 2017 …

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Al Jazeera journalist killed in Israeli raid in West Bank

Journalists and doctors carry the body of Al Jazeera network reporter Shireen Abu Akleh to the hospital morgue in the city of Jenin, West Bank, Wednesday, May 11, 2022. The well-known Palestinian journalist for the Arabic language of the broadcaster was shot and killed while covering an Israeli raid in …

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Outrage over Israeli PM’s remarks on sovereignty over Al-Aqsa compound

DUBAI: Education, it is said, is an investment in the future. This is why the Gulf Arab States have invested heavily in high-quality schools, creating the infrastructure necessary for students to reach their full potential and build careers that are personally satisfying and beneficial to society at large. However, the …

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Lingard and Tarkowski top Newcastle United’s summer transfer wishlist

NEWCASTLE: Premier League duo Jesse Lingard and James Tarkowski remain on Newcastle United’s summer transfer wishlist. Arab News has learned that the Magpies have spoken to representatives of the duo to explore the possibility of reviewing January’s failed moves for Manchester United and Burnley players. Newcastle United manager Eddie Howe …

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Turkey loses influence to the west after philanthropist Kavala is imprisoned

BEIRUT: Prime Minister Najib Mikati has urged expats to vote in the upcoming parliamentary elections to ensure their voices are heard and they can achieve the changes they want. Mikati’s call came as he inaugurated the operations room to manage and monitor parliamentary elections overseas. “It’s a key moment in …

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Qatar, a model to help Islamic nations overcome poverty

Doha: The Diplomatic Institute of the Ministry of Foreign Affairs has published a new book titled Development Cooperation.. The State of Qatar as Model, in which it discusses Qatar’s role in helping Islamic countries, especially the poor . The book highlights Qatar’s plans and programs to fight poverty and hunger, …

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Lebanon running out of passports, suspends renewal applications

Lebanon’s General Security has temporarily stopped issuing passports due to a rush that has depleted stocks Since 2020, passport renewal requests have been ten times higher than in previous years in the face of the financial crisis [Getty- archive] The agency in charge of issuing passports in Lebanon announced on …

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Egypt allows night prayers in major mosques on last days of Ramadan

LONDON: Arab nations slammed Israel at a stormy UN Security Council meeting on Monday that focused on the Israeli-Palestinian conflict. Representatives of several Arab states spoke out against the actions of Israeli forces against the Palestinians, particularly the weekend violence in East Jerusalem and at the Al-Aqsa Mosque. Israel criticized …

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QSE falls below 14,000 points despite interest from local savers

The Qatar Stock Exchange opened the week on Sunday on weakness to fall below 14,000 points despite net purchases at the transport and insurance counters.Despite bullish sentiments among local retail investors, Qatar’s 20-stock index came in 64 points or 0.46% lower at 13,986.98 points, as the global market awaits rate …

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Review: Ramadan series ‘Faten Amal Harby’ focuses on women’s rights in Egypt

Daughter of Lebanese painter Aref El-Rayess pays tribute to her late father in a retrospective exhibition DUBAI: For Hala El-Rayess, the time had finally come. For years, she had tried to organize a comprehensive exhibition paying tribute to her late father, the prolific Lebanese modernist Aref El-Rayess, who died in …

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A rare collection of Quran exhibited in Riyadh

MAKKAH: The UK Consul General has expressed satisfaction with the return of British pilgrims to holy sites in Saudi Arabia after a two-year absence due to the COVID-19 pandemic. This year, the Ministry of Hajj and Umrah announced that one million pilgrims, including those from abroad, would be allowed to …

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High debt could slow countries’ economic recovery, IMF says

The Chinese economy should continue to recover; Morocco’s GDP Growth Is Lower Than Expected — Macro Snapshot RIYADH: Morocco’s gross domestic product growth is below previous forecasts, China’s economy slowed in March and Spain is due to revise its 2022 GDP target. faster rates, the mayor announcing 200,000 jobs threatened …

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5,000 under evacuation orders as New Mexico wildfire rages

SHANGHAI (Reuters) – China’s financial hub of Shanghai reported a new record number of symptomatic COVID-19 cases on Saturday as the country imposed new lockdowns, underscoring its “dynamic clearance” approach to COVID-19 control.The Zhengzhou Airport Economic Zone, an industrial zone in central Henan province that houses manufacturing facilities for companies …

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Drivers using ride-sharing apps earn $3,750 a month, Saudi transport official says

US consumer inflation hits its highest level in four decades; World Bank lowers growth forecast for South Asia — Macro Snapshot RIYADH: Consumer inflation in the United States hit a new four-decade high in March when it hit 8.5% largely on the back of record high gasoline prices, but the …

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Europe can show it cares about democracy by helping Tunisia | European Union

Barely two months after US President Joe Biden called a “democracy summit” to rally the world’s democracies against rising authoritarianism, authoritarian Russia invaded democratic Ukraine. Since then, talk of a new cold war has become ubiquitous. Many claim that a new global struggle between democracy and authoritarianism is underway and …

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Saudi Arabia adopts urgent measures to combat financial fraud

The Central Bank of Saudi Arabia (SAMA) announced on Friday the implementation of urgent temporary precautionary measures to combat financial fraud. According to a circular issued by SAMA, banks operating in Saudi Arabia must adhere to a number of measures, including setting limits on daily wire transfers and suspending international …

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Sudan faces collapse three years after the fall of its dictator

April 9, 2022 BRECOVER QUICKLY at sunset during Ramadan, which began on April 2, will not be the usual joyful family occasion for many Sudanese this year. The communal iftar will be marred by shortages and soaring prices of wheat and other commodities. Some expect this year’s Ramadan to explode …

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Saudi Fransi Capital and MIS to launch $40m tech-focused venture capital fund

Al-Moammar Information Systems Company (MIS), listed in Riyadh, and Saudi Fransi Capital have signed a first pact to create a venture capital fund to invest in early-stage tech start-ups in Saudi Arabia as the kingdom diversifies its economy from oil. The required initial size of the fund is expected to …

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Startup of the week: Egypt’s Trella is leading the way in the trucking industry

RIYADH: The days when transportation meant moving cargo from point A to point B are over. The advent of the latest fleet management technologies has brought a new breed of companies that scout canyons and build bridges over them. One such company is Cairo-based Trella. Also called Uber for Trucks, …

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Serbs head to polls to choose president and parliament amid war in Ukraine

DUBAI: They have become a sign of our times: long queues of people in distress at border checkpoints, carrying what few possessions they could seize before hastily abandoning their homes and livelihoods . Hunger eats away at their dignity as their eyes beg for mercy, but they must do exactly …

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Confiscate “prohibited” funding, says Babar’s lawyer

ISLAMABAD: The Chief Election Commissioner conducted the hearing of the foreign funding case of Pakistan’s ruling party Tehreek-e-Insaf on Thursday, in which the petitioner’s lawyer presented his arguments. The hearing was held at the headquarters of the Electoral Commission. Beginning his arguments, Akbar S Babar’s attorney, Ahmed Hassan, said the …

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Sovereign wealth funds from Malta, Egypt, France and Spain establish collaborative network to unlock investment opportunities

A total of 32,621 hotel rooms are currently under construction in Saudi Arabia, as the Kingdom prepares to meet pent-up demand from pilgrims returning to holy cities. This is according to the latest research from STR, commissioned by Arabian Travel Market 2022, which will take place at the Dubai World …

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Blinken meets with Israel and Arab partners as imminent renewed deal with Iran shakes ties

JERUSALEM — As President Joe Biden’s administration has been gripped by the global response to Russia’s war on Ukraine, another foreign policy crisis is looming over the Iran nuclear deal. Talks to revive the deal have been on hiatus for more than two weeks now, but the parties remain close …

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Lebanon optimistic about resuming relations with Gulf states

DOHA: At first glance, the Souq Waqif Clinic in the historic center of Doha, the capital of Qatar, could be any other state-of-the-art hospital. Nurses in blue coats move quickly through the bright rooms, making rounds. Radiology and operating rooms buzz with the beeps and flashes of monitors. Specialists squint …

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Venture Capital Firm Shorooq Partners Launches Second $150M Seed Fund

RIYADH: Dubai-based venture capital firm Cypher Capital is launching a $100 million seed fund aimed at investing in digital assets, including cryptocurrencies. The fund, backed by the company’s founder, Bijan Alizadeh, will also invest in decentralized financial platforms, blockchain applications and cryptocurrency games, according to Reuters. “It will be 100% …

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Arab women in Jerusalem study Hebrew for a stronger future

Nearly a decade ago, a group of women from Jerusalem’s Arab neighborhood of Isawiya sought out a program to study Hebrew. They couldn’t find anything suitable and ended up inviting two students from the nearby Hebrew University to teach them. They enjoyed their studies so much that a year later …

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A Brazilian Supreme Court judge bans the Telegram messaging app

DUBAI: The Public Relations and Communications Association, the world’s largest professional public relations organization, held the sixth edition of its Middle East and North Africa awards earlier this month in Dubai. This edition received more than 100 entries, which were judged by a jury of 38 industry experts. “There has …

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UAE Integrated Financial Markets and Investment Opportunities Report 2022: Market Expected to Grow 43.8% to $2,148.4 Million in 2022 – Forecast to 2029

DUBLIN, March 16, 2022–(BUSINESS WIRE)–The report “United Arab Emirates Embedded Finance Business and Investment Opportunities Databook – 50+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments – Q1 2022 Update” has been added to from ResearchAndMarkets.com offer. The integrated finance industry in the UAE is expected to grow by …

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Russia may suspend grain exports until June 30 (Interfax)

Long-term sukuk remain well positioned to weather global headwinds, says CIO Franklin Templeton RIYADH: An important financial instrument in Islamic and non-Islamic countries, the sukuk market has so far been slightly affected by global uncertainty. Global challenges, triggered by rapid inflation and expected Federal Reserve rate hikes this month, topped …

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Biden authorizes $200 million in new weapons and military training to Ukraine

US President Joe Biden has authorized $200 million in arms and other assistance for Ukraine as Kiev braces for another Russian attack in the coming days. Biden said on Friday that the United States would take in Ukrainians displaced by the Russian invasion [source: Getty] US President Joe Biden on …

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FundedNext launches funding program for international merchants in March 2022

Ajman, United Arab Emirates – (Newsfile Corp. – March 11, 2022) – After 1.5 years of rigorous effort, FundedNext, the new accessories trading company of NEXT Ventures, will launch its funding program on March 18, 2022. FundedNext will provide up to $4 million in trading capital for traders worldwide, with …

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Arab League summit scheduled for Algeria in November

RAMALLAH: Palestinian scholars are expressing deep concern over new Israeli restrictions for foreign workers and students that are hampering teaching at universities. Israeli authorities have limited the number of foreign professors and students who can reside in the West Bank and teach at its universities, Palestinian academic sources told Arab …

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Oil advances affect the QSE; the index jumped 128 points

Strength in global oil prices, which hit $139 a barrel, provided support for the Qatar Stock Exchange, which yesterday gained more than 128 points and its key index edged closer to 13,600 levels.Above-average demand, particularly in the industrials and real estate sectors, led the 20-stock Qatar Index to gain around …

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Best Cash & Cash Management Providers 2022: Middle East

Fragmented payment systems and a lack of standardization have hampered the cash management efforts of businesses in the Middle East, but that should change. Although Covid-19 has boosted the adoption of digital payments in the region, new government initiatives and regulatory measures in the Middle East are …

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US relations with Gulf partner UAE are being tested, envoy says

UAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan (left) listens alongside UAE Ambassador to the United States Yousef Al Otaiba, U.S. Secretary of State Mike Pompeo ( not pictured) during a Gulf Cooperation Council summit on the sidelines of the United Nations General Assembly in New York, U.S., September …

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Babar wants notice served on Prime Minister Imran Khan for hiding accounts

ISLAMABAD: PTI Chairman Imran Khan should be served formal notice for flagrant violation of political finance laws as dozens of foreign and local bank accounts were concealed from the election commission. This was requested by the petitioner in the PTI foreign funding case, Akbar S Babar, at a press conference. …

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Ukraine sends delegation to meet Russian officials on border with Belarus as fighting continues

BEREGSURANY, Hungary: Thousands of people fleeing war in Ukraine crossed central Europe on Sunday, with queues at border crossings stretching for miles on the fourth day of a Russian invasion that has pushed nearly 400 000 people to seek refuge abroad.As men of conscription age are prevented from leaving Ukraine, …

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Lebanon lays out new plans to evacuate nationals stranded in Ukraine

Lebanon’s prime minister and foreign minister have plans in place to evacuate Lebanese citizens who were living in Ukraine and fled to neighboring countries after the Russian invasion. Ukrainian residents have been leaving their country in droves since Russia launched its invasion on Thursday [Anadolu via Getty] Lebanese officials said …

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Global Energy Crisis Focuses on Gas and GCC Exporters

RIYADH: Global gas prices are expected to remain high due to increased demand resulting from the post-pandemic recovery, low storage capacity and tensions in Ukraine, according to a report by the US Energy Information Administration. The spot price of natural gas on the US benchmark Henry Hub will average $3.92 …

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Business News | Stock and Equity Market News | Financial News

Search mutual fund quotes, news, net asset values Adani Wilmar INE699H01024, PUNCH, 543458 CDS INE467B01029, SDC, 532540 Adani Power INE814H01011, ADANIPOWER, 533096 ICICI Bank INE090A01021, ICICIBANK, 532174 TataTeleservice INE517B01013, TTML, 532371 …

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Tunisia meets the IMF: what are the issues?

Tunisia and the International Monetary Fund are in preliminary talks, in view of a possible multi-billion dollar bailout deal for an economy plagued by recession, public debt, inflation and unemployment. The North African nation began talks with the Washington-based crisis lender on Monday, which called for “deep reforms” and public …

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Analysis: UAE corporate tax could dilute competitive advantage as Saudi Arabia intensifies

People walk on the Bluewaters Island pedestrian bridge in Dubai, United Arab Emirates, December 08, 2021. REUTERS/Satish Kumar Join now for FREE unlimited access to Reuters.com Register DUBAI, Feb 17 (Reuters) – The United Arab Emirates’ plans for a corporate tax risk are eroding one of its main attractions as …

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More than 100 Sudanese detainees, including top politicians, begin hunger strike

BEIRUT: Judge Ghada Aoun, the public prosecutor for Mount Lebanon, on Tuesday extended indefinitely a subpoena issued earlier this month against Banque du Liban Governor Riad Salameh after he failed to is not presented at a hearing. Aoun sought to interview Salameh as a witness in several cases alleging financial …

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Apollo to invest in Aldar through Landmark for US$1.4 billion

Will be one of Abu Dhabi’s largest private sector foreign direct investments, enhancing the strength of its real estate market and Aldar’s market leadership position Apollo to Take Direct Minority Stake in Aldar Investment Properties with US$400 Million Equity Investment US$500 million investment in a new land joint venture with …

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Israel, Germany to discuss cutting funds for six banned Palestinian NGOs

Amnesty International and Human Rights Watch at the time called the bans “an Israeli government’s attack on the international human rights movement”. German Foreign Minister Annalena Baerbock (left) and her Israeli counterpart Yair Lapid (right) attend a press conference on Thursday [AFP via Getty] Israel and Germany will discuss ways …

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A women-led farmers market showcases local produce in Eastern Province

How the ‘critically endangered’ Arabian leopard is being returned to the wild in Saudi Arabia LONDON: Abdulaziz Alenzy will never forget the moment he got the call last April. After more than three months of anxious waiting, one of the leopards in the Taif Wildlife Research Center’s captive breeding program …

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GradGov chairman and vice-chairman charged then cleared of embezzlement in Israel trip controversy

The Senate Leadership Committee (SLC) of the Georgetown Graduate Student Government (GradGov) passed and then overturned a vote of no confidence in the president and vice president of GradGov last week as part of an investigation into concerns regarding funding and sponsorship of a planned student trip to Israel. . …

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Tesla Receives SEC Subpoena Over 2018 Settlement

RIYADH: Moody’s Investors Service has assigned an A1 long-term issuer rating to Saudi Arabia’s Public Investment Fund, marking the first rating by the Saudi fund agency. “Achieving a credit rating is an important milestone for PIF as we continue to grow our investment portfolio and achieve our goals,” commented PIF …

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Dar Al-Arkan opens an office in China to accelerate global growth

Millennium Place Mirdif, a four-star hotel with a unique urban chic concept, located in Mirdif Hills, Dubai, has opened its doors to business and leisure travelers. Bassam Bou Sleiman, General Manager of Millennium Place Mirdif, said, “We are delighted to finally open our doors and welcome our esteemed guests to …

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Egypt reach Africa Cup of Nations final after defeating hosts Cameroon on penalties

Two New Teams and Increased Funding Ensure IPL’s Continued Irresistible Growth The momentum builds over the 2022 and 15th Indian Premier League competition. Two new teams – Ahmedabad and Lucknow – have joined to expand the tournament to 10 teams, expanding the Cricket Board of Control into India’s coffers by …

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‘I’m passionate about this club’: Dan Burn’s return to Newcastle United lasts 19 years

NEWCASTLE: Whether it’s stacking shelves in a supermarket and playing non-league football or gracing the lawn of St. James’ Park in the famous black and white, Dan Burn’s path back to Newcastle United has been a long time. Now the 29-year-old is determined to show that he is the man …

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The benchmark QSE index rises despite buying interest from foreign funds

The Qatar Stock Exchange saw around 72% of traded constituents extend their gains on Monday; yet, it was unable to sustain levels above 12,500 points overall.Foreign institutions were seen as growing net buyers, with Qatar’s 20-stock index rising just 0.03% to 12,498.2 points, although it remained above levels of 12,500 …

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How the World Fails the Afghan Test

How the World Fails the Afghan Test If 2021 has been marked by the return of the United States to global institutions and the restoration of confidence in international action, developments this year promise to be the first real test for multilateralism. Before tensions reached their current levels in Eastern …

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Death toll from Storm Ana rises to 86 as another storm brews in eastern Africa

OUAGADOUGOU: Burkina Faso’s new military leader said he would bring security and order to the conflict-torn nation and unite the country, but warned that betrayal would not be tolerated by the new regime.Lt. Col. Paul Henri Sandaogo Damiba, leader of the Patriotic Movement for Safeguarding and Restoration, spoke on Thursday …

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Help build solid foundation for Libyan elections and don’t fixate on dates, Security Council says

DUBAI: When tens of thousands of young people took to the streets of Baghdad and cities in southern and central Iraq at the end of 2019, one fundamental demand rang out louder than any other: job opportunities. The country, which had only recently emerged from decades of tyranny, siege, war …

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EXPLAINER-Lebanon’s financial crisis and how it happened

Lebanon is in the grip of a deep economic crisis after successive governments racked up debt following the 1975-1990 civil war with little to show for their spending spree. Banks, at the heart of the service economy, are paralyzed. Savers were denied access to dollar accounts or told that the …

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Soaring global oil prices boost sentiment; M-cap wins QR 16 billion

The strengthening of global oil prices, which reached their highest level in seven years due to geopolitical tensions, was reflected in the Qatar Stock Exchange, whose key barometer had once crossed 12,600 levels this week.Gulf institutions were increasingly viewed as net buys, with Qatar’s 20-stock index adding around 194 points …

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QSE crosses 12,600 points on high global energy prices

The Qatar Stock Exchange crossed 12,600 levels on Wednesday, reflecting the rise in oil prices, which had reached their highest level in seven years on international markets.The property, transport and industrials counters saw above-average demand, with Qatar’s 20-stock index coming in around 42 points or 0.33% higher at 12,612, 32 …

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Qatar shares prolong rally; reference inches to 12,500 points

The Qatar Stock Exchange gained 38 points on Monday and its key index edged closer to levels of 12,500, mainly on strong buying interest from foreign institutions.Banking and industrial counters saw above-average demand, with Qatar’s 20-stock index rising 0.3% to 12,471.4 points, recovering from an intraday low of 12,392 points …

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Saudi retailer BinDawood to create unit that will ‘capitalize on investment’

RIYADH: Ronaldo Mouchawar, MENA’s first internet man, may have sold the company he started for $580m, but he has the same drive he had when he joined his first startup 20 years ago. The Syrian entrepreneur built the region’s largest online marketplace, Souq.com, in 2005 and 12 years later sold …

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The UAE just invested $100m in Israel’s tech sector as the two countries grow closer

A major sovereign wealth fund in the United Arab Emirates has invested around $100 million in venture capital firms in Israel’s tech sector, according to people familiar with the investments, a further sign of deepening trade and investment ties between the countries at the forefront of the Abraham Accords. A …

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UN: escalating war in Yemen causes hunger, collapse

UNITED NATIONS (PA) – The intensification of military action in Yemen has displaced more than 15,000 people in the past month, killed or injured more than 350 civilians in December and left the poorest nation in the Arab world facing growing famine and economic collapse with no political solution in …

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Saudi fintech investment jumps as regulators set landscape for 2021: Year in review

Saudi Arabia’s ‘Unprecedented Growth’ Expected to Solidify M&A Leader Position in 2022 RIYAD: Saudi Arabia has become one of the most attractive markets for international companies looking for new mergers and acquisitions, and it is expected to maintain its position in 2022. The country’s growth stood at 6.8% for the …

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Saudi Arabia’s ‘Unprecedented Growth’ Expected to Solidify M&A Leader Position in 2022

Saudi Arabia has emerged as one of the most attractive markets for international companies seeking new mergers and acquisitions, and it is expected to maintain its position in 2022. The country’s growth stood at 6.8% for the third quarter. This is due to the growing global demand for crude oil, …

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How to be protected against bank fraud and how to file a complaint – Criminal law

United Arab Emirates: How to be protected against bank fraud and how to file a complaint 05 January 2022 Hassan elhais To print this article, simply register or connect to Mondaq.com. Bank frauds are of different types and can include different types of financial crimes. It is essential to raise …

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