UAE Golden Visa Applications Skyrocket After Decrease In Minimum Salary Requirement
The UAE had introduced an expanded scheme for Golden Visa applications in October.
Taiwan's APEC Rep Met China's Xi, Talked Chips With Harris
Taiwan's representative to APEC said on Saturday he had a brief but "happy" chat with Chinese President Xi Jinping at a summit in Bangkok, a rare high-level interaction, and also discussed semiconductors with U.S.
Europe Rushes To Fill Up On Russian Diesel Before Ban Begins
European traders are rushing to fill tanks in the region with Russian diesel before an EU ban begins in February, as alternative sources remain limited.
Saudi Arabia's Dar Al Arkan Signs Deal With Trump Family For Oman Project
Saudi Arabian real estate developer Dar Al Arkan said it signed an agreement with former U.S. President Donald Trump's company to use the Trump Brand for its $4 billion project in the Gulf state of Oman that includes a golf course, hotel and villas.
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Israel, US Blame Iran As 'Drone Strike' Hits Tanker Off Oman
The Pacific Zircon was "hit by a projectile approximately 150 miles off the coast of Oman" on Tuesday, Singapore-based firm Eastern Pacific Shipping which operates the vessel said in a statement, adding that there were no reports of casualties or any leakage of the cargo.
Explainer-What's Next In FTX's Bankruptcy
Crypto exchange FTX filed for Chapter 11 bankruptcy protection in the United States on Friday following its precipitous collapse, saying it could owe money to more than 1 million creditors.
Iran Releases Two Greek Tankers Seized In May
Iran has released two Greek-flagged tankers that it seized in the Gulf in May, the Greek shipping ministry said on Wednesday, ending a months-long diplomatic impasse which has strained relations between Athens and Tehran.
Ukraine's Kyivstar Resumes Telco Coverage In Kherson After Russia Exit
Ukraine's largest telecom operator Kyivstar has resumed coverage for more than half of Kherson city after Russia retreated from the region, and is working to help services across the country withstand intensified bombing, a senior executive said on Wednesday.
White House Asks Congress For $500 Million To Modernize Oil Reserve
The Biden administration has asked Congress for $500 million to modernize the U.S. strategic petroleum reserve (SPR), a document outlining the request shows.
COP27: France, Spain Latest To Pledge Halt To Gasoline-driven Vehicle Sales
France and Spain on Thursday joined a pledge to stop sales of gasoline-driven vehicles by 2035, five years earlier than previously planned, part of efforts to accelerate the transition to a low-carbon economy.
Zomato To Shut Down Its Food Delivery Services In UAE This Month
UAE users of the Zomato app will be redirected to the online food delivery service Talabat, starting Nov. 24.
UAE Companies Have 47 Days To Hire Emiratis Or Face $20K Fines
Companies with more than 50 employees will need to ensure that 2% of their staff are Emirati citizens before 2023.
Flotilla Of Distillate Fuel Heads To New York As Winter Nears
A flotilla of ships is carrying distillate fuel to New York Harbor to shore up stocks ahead of the winter, according to traders and shipping data.
Chip Giant TSMC Shares Surge On Buffett Stake
Shares in Taiwan's TSMC soared on Tuesday after Warren Buffett's Berkshire Hathaway confirmed it had taken a close to $5 billion stake in a major boost of confidence for the semiconductor giant.
Cryptoverse: So Long, Solana? Ether Rival Clobbered By FTX Crash
The cryptocurrency, which had been lauded by FTX's founder Sam Bankman-Fried, has been hit harder than any other major coin by the collapse of the exchange.
Oil Prices Slip On OPEC Cut In Demand Forecast, China COVID Cases
Oil prices extended losses in early Asian trade on Tuesday after OPEC cut its 2022 global demand forecast, while rising COVID-19 case numbers in China clouded the outlook for fuel consumption in the world's top crude importing nation.
As Regulators Scrutinise FTX, Investor Focus Swings To Crypto.com
The effects of the collapse of Bahamas-based FTX, which filed for bankruptcy on Friday after a rush of customer withdrawals continued to affect markets.
China Unveils Sweeping Measures To Rescue Property Sector
The banking regulator and central bank on Friday issued a 16-point set of internal directives to promote the "stable and healthy development" of the industry, which were verified by Chinese media on Monday.
Western Thirst For African Gas Raises Alarm At COP27
European countries have been scrambling for alternative sources of gas after the continent's former top supplier, Russia, slashed exports in apparent retaliation for Western sanctions over Moscow's invasion of Ukraine in February.
U.S. Drillers Add Oil And Gas Rigs For Second Week In A Row - Baker Hughes
U.S. energy firms this week added oil and natural gas rigs for a second week in a row as relatively high oil prices encourage firms to drill more.
Exclusive-At Least $1 Billion Of Client Funds Missing At Failed Crypto Firm FTX - Sources
The exchange's founder Sam Bankman-Fried secretly transferred $10 billion of customer funds from FTX to Bankman-Fried's trading company Alameda Research, the people told Reuters.
UAE To Get Its First Casino In Ras Al Khaimah
Set to be completed by 2026, it will also be the Gulf region's first casino ever.
Trading In Crypto Derivatives Surges As Investors Hedge Positions After FTX Shock
Trading volumes in bitcoin futures and exchange traded funds (ETFs) has exploded as investors scrambled to hedge their positions after this week's slump in digital tokens triggered by turmoil at crypto exchange FTX.
Asia Stocks Surge As Cooling Inflation Feeds Hopes Fed Will Ease Up
Asian shares spiked higher on Friday, while the dollar nursed steep losses after a smaller-than-expected increase in U.S.
Abu Dhabi Airports, Groupe ADP Ink Deal To Develop Flying Taxis
The two parties signed a Memorandum of Understanding (MOU) at the recent Abu Dhabi Air Expo 2022.
Expatriates Granted Longer Grace Period To Exit Country After Visa Cancellation
Previously, expatriates only had 30 days to exit the country after the cancellation of their visa.
U.S.-sanctioned Oil Tanker Stuck In Indonesia Carries Venezuelan Fuel
A grounded oil supertanker under U.S. Treasury Department sanctions being refloated in Indonesia is filled with Venezuelan fuel, according to vessel monitoring services.
Validity Of Free Zone Visas In UAE Reduced To 2 Years
The new validity period came into effect starting in October when the government rolled out new visa reforms.
Cryptos Attempt To Steady As Binance-FTX Deal Chills Market
Cryptocurrencies were jittery and groping for a floor on Wednesday, after a sharp and broad drawdown when nerves about the stability of exchange FTX turned to a rush of withdrawals and ultimately a bailout deal from bigger rival Binance.
China Factory Gate Prices Fall For First Time In Nearly Two Years
The producer price index (PPI) fell by 1.3 percent on-year in October, according to the National Bureau of Statistics (NBS), pushing it into negative territory for the first time since December 2020.
Oil Steadies After 3% Drop On Demand Fears
Oil prices were mostly unchanged in early trade on Wednesday, after sliding 3% in the previous session on worries about demand stalling on potential new lockdowns in top oil importer China as COVID-19 cases rebound.
UAE Will Continue To Supply Oil And Gas Responsibly, Says President Mohammed bin Zayed al-Nahyan
UAE President Mohammed bin Zayed al-Nahyan said the country will remain focused on reducing the carbon impact of its fossil fuel output.
Renault, Geely Strike Deal For Internal-combustion Joint Venture
Renault SA and China's Geely have agreed to launch a new, equally held joint-venture that will supply gasoline engines and hybrid technology to the brands they own and other automakers, the two companies said in a statement.
Oil Prices Steady As Supply Woes Offset Recession Fears
Oil prices were little changed early on Tuesday as supply worries offset recession fears and China's commitment to its zero-COVID policy.
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