Dubai and Hong Kong forge financial services partnership to activate economic corridor

MoU will facilitate cross-market connectivity, synergy and opportunities in financial services Dubai’s Department of Economy and Tourism (DET) and the Financial Services and the Treasury Bureau of the Government of Hong Kong, China, signed an MoU aimed at fostering financial cooperation between Dubai and Hong Kong. The MoU was signed at the Belt and Road…

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Why are Apple iPhone 12 sales banned in France?

Apple disputes the agency’s conclusions, saying the model was certified by multiple international bodies as compliant with global radiation standards France’s radiation watchdog has banned sales of Apple’s iPhone 12 after tests that it said showed the smartphone breached European radiation exposure limits. The Agence Nationale des Fréquences (ANFR) said on Tuesday the model’s Specific…

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UAE: Leading holding company announces Dh100 million dividends after stellar H1 results

Ethmar International Holding has cultivated a diversified, innovative, and sustainable investment portfolio Abu Dhabi-based Ethmar International Holding (EIH) has announced the distribution of Dh100 million of the dividends to its investors based on the interim results for the first half of this year. In the first six months of 2023, EIH reported a net profit…

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Al-Ittihad’s Benzema performs Umrah

Riyadh: French footballer Karim Benzema, who plays for Saudi club Al-Ittihad, posted a video of himself performing Umrah in Makkah’s Grand Mosque. The 35-year-old star shared the video with his 20.5 million followers, saying: “Mashallah, best of the best, Alhamdulelah.” The former Real Madrid forward and Ballon d’Or winner joined Al-Ittihad during the current summer…

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Oil likely to stay below $100 in 2023

Global banking majors expected prices to stay in the mid-$80s The price of crude oil is not expected to reach $100 a barrel this year due to factors such as a lower possibility of Opec+ implementing deeper supply cuts and China’s record-high crude oil stocks, oil market pundits say. While Brent crude, which serves as…

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