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London introduces charge on most polluting vehicles

Monday, 23 October 2017

London introduced a charge on the oldest and most polluting vehicles on Monday to try to improve air quality in the British capital, the city’s mayor, Sadiq Khan, said. Called the T-charge, the 10 pound daily tax applies to diesel and petrol vehicles typically registered before 2006 which do not meet the so-called “Euro 4” 2005 European directive to regulate vehicle emissions. The new charge will applied during the same 7am to 6pm weekday hours as the ...

Krypto Labs opens unique incubator concept in Abu Dhabi

Sunday, 22 October 2017

Krypto Labs, a world-class ecosystem for groundbreaking start-ups, is officially opening its custom-built all-in-one incubator, accelerator and co-working space in the heart of Masdar City, Abu Dhabi, helping bridge the gap between innovators and investors. The new 2,600 square-meter facility comprises state-of-the-art resources including an advanced computing and 3D printing lab, technical workshop, audio-visual studio, high-end telescope, e-library, and an on-site mentoring area. Krypto Labs ...

Saudi Airlines to operate regular Baghdad route starting Oct. 30

Sunday, 22 October 2017

Saudia Airlines will begin its first flight to Baghdad on Oct. 30 in what will be the first flight to the Iraqi capital after 27 years of interruption.The news comes after Saudi budget airline Flynas last week made its first direct flight since 1990 from Sausi Arabia to Iraq.Saudia Airlines CEO Saleh Al Jasser confirmed the news to Al Ekhbariya on Sunday and said that the carrier will operate two direct flights a day.This comes after Iraqi Minister of Transport, Kazem Finjan met last week with ...

US warns public about attacks on energy, industrial firms

Sunday, 22 October 2017

The US government issued a rare public warning about hacking campaigns targeting energy and industrial firms, the latest evidence that cyber attacks present an increasing threat to the power industry and other public infrastructure. The Department of Homeland Security and Federal Bureau of Investigation warned in a report distributed via email late on Friday that the nuclear, energy, aviation, water and critical manufacturing industries have been targeted along with government entities in ...

UAE central bank survey projects moderate growth in loan demand

Sunday, 22 October 2017

Demand for business credit and personal loans in the United Arab Emirates increased marginally in the July-September quarter, and a moderate increase is expected in the current quarter, a central bank survey showed on Sunday. The net balance measure for business lending - the weighted percentage of respondents reporting an increase in demand for loans minus those reporting a fall in demand - was plus 6.3 in the latest quarter, against plus 7.5 in the previous quarter. ...

Egypt says Bahrain, Kuwait and UAE to lift ban on its agriculture exports

Sunday, 22 October 2017

Bahrain, Kuwait and the United Arab Emirates have agreed to lift a ban on imports of Egyptian agricultural products, Egypt said on Sunday, as the country works to step up exports to narrow its budget deficit. The agreement came after a series of meetings and negotiations held between an Egyptian delegation and the Gulf countries, the Egyptian agriculture ministry said in a statement. The series of bans, which were said to have been on concerns over pesticide residues, had come at a time where ...

Financial crisis forces Qatar to sell UACC, but Saudi Arabia owns the decision

Sunday, 22 October 2017

Qatar’s crisis is holding up the sale of a shipping company it part owns, one of the latest signs of an emerging corporate fall-out that Doha is facing after Arab countries cut relations in June, sources familiar with the matter said. Saudi Arabia, the United Arab Emirates, Bahrain and Egypt severed diplomatic, trade and transport ties with Qatar in June, accusing it of supporting terrorism. The dispute has hit Qatar’s financial sector, with banks in neighboring Arab states ...

Majnoon field: Iraq may offer Total, Chevron terms different from Shell

Saturday, 21 October 2017

Iraq may offer Chevron and Total terms to develop the Majnoon oilfield different from those it had given to Royal Dutch Shell, Iraqi Oil Minister Jabar al-Luaibi said on Saturday. Iraq will develop the Majnoon oil field in southern Iraq by its own means until it can find a foreign partner, Luaibi told reporters, adding that no company has been selected yet. Luaibi said on Oct. 9 that Chevron and Total are among the companies that have expressed interest in developing ...

Only Saudi Women will be entitled to run females’ supplies stores in the Kingdom

Saturday, 21 October 2017

Only Saudi women will be entitled to run females' clothing stores across all regions of Saudi Arabia, following implementation of the third phase of a government decision to feminize such outlets starting from Saturday. The third stage of feminization comes as continuation of the first and second phases launched by the Ministry of Labor and Social Development during the past years, according to a statement on Saudi Press Agency. “Feminization is to include selling of women's perfumes, ...

Saudi-Iraqi cooperation behind boost in oil prices, says Falih

Saturday, 21 October 2017

Saudi Arabia's Oil Minister Khalid al-Falih and his Iraqi counterpart Jabar al-Luaibi, agreed on Saturday to cooperate on implementing decisions by the Organization of Petroleum Exporting Countries to curb oil global oil supply, Iraq's oil ministry said. The two ministers met in Baghdad, the ministry said in a statement. Falih was received at the Baghdad International Airport by Luaibi this morning. Falih later attended the opening of the 44th session of Baghdad International Fair 2017 in which ...

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