Author: Steven Sahiounie

Doha: The Ministry of Commerce and Industry (MoCI) issued 3,974 commercial registrations and 11,680 commercial licences in the second quarter (Q2) of this year, according to the official data of the commerce sector released by the ministry yesterday.

DUBAI – Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that the Gulf Cooperation Council (GCC) market remained the top global export and re-export destination for its member companies during the first half of 2024. The GCC region accounted for 53.9% of total exports and re-exports with a combined value of around AED78.6 billion, underlining the market’s continuing significance for the chamber’s members. In a press release on Monday, the Dubai Chamber said, “Non-GCC countries in the Middle East region ranked second among members’ top export destinations, accounting for 23.9%…

The US Commerce Department is expected to propose barring Chinese software in autonomous and connected vehicles in the coming weeks

Adani Group Chairman Gautam Adani, 62, plans to step down at the age of 70 and shift control to his sons in the early 2030s

German airline giant Lufthansa said Monday that its flights would avoid Iraqi and Iranian airspace until at least August 7 amid heightened tension in the region.

Several countries want to change their status in the Shanghai Cooperation Organization and work more closely with the association, Putin calls to expand the use of the digital ruble, and Venezuela’s Maduro believes he’s a shoo-in to be re-elected as president. These stories topped Thursday’s newspaper headlines across Russia.

Egypt’s President Abdel Fattah al Sisi met with Turkish Minister of Foreign Affairs Hakan Fidan and his accompanying delegation, in the presence of Minister of Foreign Affairs and Emigration Badr Abdel Atty and the Turkish Ambassador in Cairo. The Spokesman for the Presidency said the Turkish foreign minister conveyed to the President the greetings and appreciation of Turkish President Recep Tayyip Erdoğan, which was valued by the President. President Sisi also praised the outcome of President Erdoğan’s visit to Egypt last February, which gave a positive impetus to ties between the two countries. The meeting reviewed the overall relations between…

European stock markets opened Monday at a nearly six-month low, the media reported, amid a global sell-off fueled by concerns about a slowdown in US economic growth

Foreign Minister Ayman Safadi held separate telephone talks on Monday with the foreign ministers of Spain, Norway and the UK. Safadi discussed with his counterparts the “dangerous” regional escalation and the fallout of the assassination of the head of the Hamas political bureau Ismail Haniyeh.Jordan condemned the assassination in Tehran, Iran, and called it a crime pushing the situation towards an explosion regionally.He said Israel’s immediate cessation of its aggression on Gaza and its violations of international law would be the first step to de-escalate.Safadi urged an end to Israel’s war on Gaza and practical international actions and clear positions…

Iranian President Masoud Pezeshkian has described Russia as a “strategic partner” of the Islamic Republic, stressing that the expansion of relations with Moscow is a top foreign policy priority of his government. Pezeshkian made the remarks in a Monday meeting with Secretary of Russia’s Security Council Sergei Shoigu, who was in Tehran on a day-long visit to hold talks with Iranian authorities. He noted that Russia has been a steadfast ally during Iran’s challenging times and underscored the need to expedite the implementation of agreements reached between the two countries. “We believe that the era of unilateralism by certain powers,…