Mashreq acquires digital banking license to commence operations in Pakistan

Mashreq acquires digital banking licence to commence operations in Pakistan

The lender aims to invest in the country’s rural infrastructure, including microfinance institutions

Apple

Key Apple partners plan expansion in Southeast Asia in 2023

In addition to producing iPhones in China, Foxconn and Pegatron now make some of Apple’s iconic handsets in India

Plane crash

Pokhara plane crash worsens Nepal’s aviation safety record

Sunday’s was the 11th fatal plane crash in Nepal in as many years, Aviation Safety Network data show

Emirates to resume passenger services to Shanghai, Beijing

Dubai’s Emirates to resume passenger services to Shanghai, Beijing

The carrier’s four weekly flights to Guangzhou will also increase to a daily service from February 1

These are the best passports for travellers to hold in 2023

The ranking, published by Henley & Partners, uses data from the International Air Transport Association

Home Retail takes centerstage in the Middle East

How home retail is growing in the Middle East?

Home Retailers are always on the look out to evaluate opportunities to expand their footprint and increase their assortment to ensure that they become a one-stop solution for all home retail needs

China’s soaring Covid cases push economic activity off a cliff

China’s soaring Covid cases push economic activity off a cliff

Several measures of mobility including traffic congestion in major cities, subway usage and the number of domestic flights have all slumped

Global emissions from buildings, construction climb to record levels

Global emissions from buildings, construction climb to record levels

Reducing the construction sector’s emissions has become vital to the larger goal of decarbonising the global economy

China

Elon Musk brings Tesla’s China chief to Texas to run gigafactory

Tom Zhu, who joined Tesla in 2014 is in Austin and has brought some of his engineering team from China to assist in overseeing the ramp up of Giga Texas

Prince Khaled’s KBW Ventures invests in US-based foodtech startup

The funding round will help Black Sheep Foods scale up production for its debut lamb made from plants

Billionaire Adani set to be top shareholder in Indian news broadcaster NDTV

Billionaire Adani set to be top shareholder in Indian news broadcaster NDTV

Investors offered to sell a little over 5.3 million shares to the Adani Group, or roughly a third of the entire open offer size, when the share purchase period ended on Monday

UAE, Japan to sign MoU on establishing joint business council

The formation of the council is aimed at developing joint projects and exchange expertise

New York, Singapore are the World’s most expensive cities right now

Tel Aviv, which topped the rankings last year, was bumped into third position, while Hong Kong and Los Angeles rounded out top five priciest places

Balenciaga seeks damages from company that made controversial ad

Balenciaga seeks damages from company that made controversial ad

Balenciaga is seeking at least $25m in damages from the production company behind an ad campaign that has made the luxury fashion house the target of fierce criticism

Trump announces 2024 Presidential run: Here's what happens next

Trump announces 2024 Presidential run: Here’s what happens next

He is seeking another term in office, hoping to become the first US president in 130 years to stage a comeback after being rejected by voters

codeshare agreement

Abu Dhabi’s Etihad, Garuda Indonesia expand codeshare agreement

The expansion of the agreement will strengthen both airlines’ networks beyond Abu Dhabi and Jakarta hubs

Dubai’s Emirates resumes flights to Rio de Janeiro, Buenos Aires

The four-times weekly flights from Dubai to Rio de Janeiro with onward service to Buenos Aires will operate as EK247/EK248

UAE and Austria sign energy partnership

UAE and Austria sign energy partnership

The partnership will focus on projects of mutual interest in refined products, liquefied natural gas, renewables and hydrogen

Oil slips as industry report points to jump in US stockpiles

Investors are concerned about slowing demand as central banks raise interest rates to curb inflation

Risk Sunak appointed UK’s Prime Minister; world leaders welcome new premier

Sunak takes the reins after Liz Truss resigned last week

UAE's Masdar acquires UK-based Arlington Energy to expand footprint

UAE’s Masdar acquires UK-based Arlington Energy to expand footprint

The acquisition will support Masdar’s offshore wind and renewables investment strategy

Rishi Sunak becomes new Prime Minister of United Kingdom

Rishi Sunak becomes UK’s first British Asian Prime Minister

He replaces Liz Truss, who resigned last week after serving just 45 days in office

Liz Truss resigns as UK Prime Minister after 45 days in office

Truss was appointed as the country’s premier and leader of the Conservative Party on September 5

Tesla sales fall short of estimates as stronger dollar bites

Tesla cited higher costs related to a slower-than-expected ramp up in output at the new factories, as well as difficulties shipping vehicles

Gold holds gains as UK policy changes bolster investor sentiment

Bullion is still trading near its lowest level in the month

Japan

Emiratis can travel to Japan without a visa from November 1

The decision coincides with the launch of the Comprehensive Strategic Partnership between the UAE and Japan

UAE, WHO sign $25m agreement

UAE, WHO sign $25m agreement for Al Makassed Hospital in East Jerusalem

The agreement comes as part of the UAE’s efforts to support the medical and healthcare sectors in Palestine

Dubai’s Emirates A380 touches down in Bengaluru

The special service arrived on October 14, ahead of scheduled A380 operations which will commence on October 30

Renjan George and Sabu Thomas of DVCOM on the last day of GITEX

Gitex Africa: Dubai tech firm DVCOM is ready to launch global collaboration solutions

Gitex Africa will take place in Marrakech, one of the Morocco’s largest cities from May 31 to June 2, 2023

Amman’s Queen Alia International Airport welcomes over 5.8m passengers during Jan-Sep 2022

The passenger numbers registered a 89.6 per cent increase against 2021 figures