Coronavirus Outbreak’s Effect on the Oil and Gas Market
As the death toll from the coronavirus keeps rising, it is crippling not only China’s economy but is having a knock-on effect globally. Formula One’s race in Shanghai has been postponed and this year’s Mobile World in Barcelona has been cancelled. Oil prices have tumbled 20 percent below their January... Read more
Facebook Boss Backs Tighter Rules on ‘Harmful Online Content’
Facebook founder and CEO Mark Zuckerberg speaks during a panel talk at the 2020 Munich Security Conference on February 15, 2020 Mark Zuckerberg, the chief executive of Facebook, has backed the regulation of harmful online content, suggesting a mixed system based on existing rules used for... Read more
Al-Sarraj: Libya Faces Financial Crisis Due to Oil Blockade
A view shows Ras Lanuf Oil and Gas Processing Company in Ras Lanuf, Libya October 19, 2019 Fayez al-Sarraj, the head of Libya‘s internationally recognised government, has warned the North African country will face a financial crisis and a budget deficit in 2020 because... Read more
Saudi Healthcare Giant Set to Launch IPO Next Week
Dr Sulaiman Al Habib Medical Group plans to start the sale of a 15% stake in initial public offering Dr Sulaiman Al Habib Medical Group, one of Saudi Arabia’s largest private healthcare operators, plans to start the sale of a 15 percent stake in an initial public offering next... Read more
Emirates Airline, Etihad Airways Main Drivers of UAE Awareness in US
The UAE’s ambassador in Washington DC said that 10-12 years ago, American knowledge of the UAE was at “a very base level” The UAE’s widely known airlines are the primary drivers of Americans becoming increasingly familiar with the country, according to Yousef Al Otaiba, the UAE’s ambassador in Washington... Read more
Dubai Commercial Complaint Cases Decline by 54% to 770 in 2019
Most of the companies involved in the complaints were those owned by Emiratis, Indians, Egyptians, Pakistanis and Saudis Commercial complaints in Dubai declined by 54 percent in 2019 as sustained campaigns by Dubai Economy to reach out to traders helped improve relations within the business community. The Commercial Compliance... Read more
Tesla Boss Elon Musk Releases Electronic Dance Track
Tesla boss Elon Musk has released an electronic dance music track titled “Don’t Doubt Ur Vibe”. Mr Musk posted a teaser picture of himself in a studio shortly before sharing the track, which he wrote. To mark the release of the song, Mr Musk decided to change his Twitter... Read more
Is Huawei a Threat to Cyber Security?
The United States is pressuring allies in the West to ban Huawei. The Chinese tech giant provides world-leading technology for the next generation of mobile networks called 5G. However, the Trump administration has long accused Beijing of using it for spying. US Secretary of State Mike Pompeo wants Britain... Read more
Egypt Rejects New IMF Funding Offers
Central bank governor Tarek Amer has stated that the International Monetary Fund (IMF) offered new funding but Egypt rejected it. Amer affirmed that there are talks with the IMF but not because there is a need for funding. Egypt signed an IMF loan of USD12 billion at the end... Read more
Huawei Set For Limited Role in UK 5G Networks
The UK government has decided to allow Huawei to continue to be in its 5G networks but with restrictions. The Chinese company will be banned from supplying equipment to “sensitive parts” of the network, known as the core. In addition, it will only be allowed to account for 35%... Read more