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Xiaomi has introduced its latest Redmi 10C smartphone, aiming to make high-quality products more accessible to consumers worldwide. Powered by a Snapdragon® 680 processor, built on an efficient 6nm process, the Xiaomi Redmi 10C offers efficient performance and high power efficiency. The Redmi 10C’s 6.71″ DotDrop display offers immersive entertainment for all your favorite content, and it’s compatible with Widevine L1 HD streaming for all your favorite movies and shows. The Redmi 10C stands apart from its segment thanks to its 50MP high-resolution main camera, which allows for sharp shots and videos, as well as a 2MP depth sensor that…

Gulf Cooperation Council (GCC) backed efforts to offload a tanker stranded in Yemeni waters for six years so as to prevent a potential spill of one million barrels of crude into Yemeni waters. Dr. Nayef Al-Hajraf, GCC chief, said the GCC is supporting all measures to alleviate Yemen’s suffering during his talks with the UN Humanitarian Coordinator for Yemen David Gressly and US Special Envoy for Yemen Tim Lenderking. The UN-brokered truce in Yemen continues, but the GCC chief said it was imperative to address the worsening humanitarian situation. This ceasefire appears to end Yemen’s seven-year war. The country is…

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has approved Binance’s In-Principle Approval (IPA) for the Financial Services Permit (FSP) to operate as a broker-dealer in virtual assets. ADGM, the International Financial Centre in Abu Dhabi, introduced the first global virtual asset regulatory framework in 2018. It has since established itself as a global hub and business platform for local, regional and international organizations involved in virtual asset activities. Dhaher bin Dhaher Al Mheiri, Chief Executive Officer of the ADGM Registration Authority, said, “We are pleased that Binance has been awarded an In-Principle Approval in the…

The first GMC HUMMER EV Pickups for the 2022 model year have now been produced at Factory ZERO, and customer deliveries will begin shortly. GMC’s incredible supertruck is the first of many Ultium-based consumer vehicles that will be produced as part of General Motors’ vision for an electric future. Mark Reuss, GM President, said, “This truck helped us get closer to an all-electric future with speed and agility. With our Ultium Platform as the foundation for a broad range of applications, the GMC HUMMER EV offers our customers the ultimate in capability and performance.” GMC HUMMER EV Pickup VIN 001…

In February 2022, air travel rebounded strongly from January 2022, as Omicron-related impacts moderated outside Asia. February 2022 traffic (measured in revenue passenger kilometers or RPKs) was up 115.9% over February 2021. Compared with January 2021, January 2022 showed an increase of 83.1%. But compared with February 2019, traffic fell by 45.5%. A 60.7% increase in domestic traffic was reported in February 2022 over the year-ago period, building on a 42.6% rise in January 2022. According to the International Air Transport Association (IATA), there were wide variations in markets. There was a 21.8% drop in domestic traffic in February compared…

UAE’s Barakah Nuclear Energy Plant has been recognized as a global success story for tackling climate change through the UAE’s Peaceful Nuclear Energy Programme. The Emirates Nuclear Energy Corporation (ENEC) has now passed the halfway mark for full commercial operation of the Plant, and Units 1 and 2 are both producing clean electricity every day. When fully operational, the Plant will provide 25 percent of the UAE’s electricity needs, without emitting any carbon emissions. Mohamed Ibrahim Al Hammadi, ENEC’s Managing Director and Chief Executive Officer, has recently been ranked 11th in Gulf Business’ 100 Most Powerful Arabs 2022 report. Al…

The Central Bank of Egypt reported a decrease of $3.91 billion in foreign reserves for the first time in 20 months. The Egyptian pound dropped again against the dollar on the black market on 21 July 2016, extending its recent decline despite central bank efforts to close the gap between demand and supply in the dollar-starved economy. Due to a 2011 uprising that caused tourists and foreign investors to leave, Egypt’s foreign currency reserves dropped to $16.56 billion from $36 billion. As a result, the black market for dollars has drained liquidity from the banking system, while the central bank…

In Sulaymaniyah, in Iraq an earthquake was recorded 10 km southwest of Kalar district on Friday, according to Iraqi officials. The Iraqi Meteorological Organization and Seismology said in a statement that its seismic observatories recorded an earthquake in Sulaymaniyah Governorate at exactly 3:58 am local time, and its magnitude reached 3.6. Despite the fact that citizens in the region did not feel the tremors, the government statement called on citizens to exercise caution, to avoid spreading rumors and false news. It also called on citizens to adhere to the seismic recommendations issued by the General Authority for Meteorology and Seismic…

Jordanian Finance Minister Mohammad Al-Ississ discussed ways to enhance bilateral cooperation in the areas of finance, tax and customs with Saudi Finance Minister Mohammad Al-Jadaan. In the course of the meeting which was held at the sidelines of the Joint Annual Meeting of Arab Financial Institutions in Jeddah, both sides stressed the close ties that bind Amman and Riyadh together. The meeting was attended by the Governor of the Central Bank of Jordan, Adel Sharkas, Secretary-General of the Ministry of Finance of Jordan, Abdul-Halim Shebli, and Director-General of the Department of Income and Sales Tax of Jordan, Hussam Abu Ali.…

Kuwait’s efforts to bolster international peace and security have been lauded at a meeting of the central committee of the ruling Chinese Communist Party by Deputy Foreign Affairs Minister Zhou Roy. Kuwait’s embassy in Beijing said in a statement that Zhou praised Kuwait’s role in the global and regional spheres during a meeting with Samih Johar Hayat, Kuwait’s ambassador to China. The meeting was held at the headquarters of the ruling party in Beijing. Kuwaiti-Chinese relations need to be strengthened in various sectors, according to the statement. Kuwait has played an important role in bolstering the cooperation between the GCC…