Low oil prices have contributed to a weaker Hajj economy in Saudi Arabia this year. More than 1.9 million people are predicted to attend this year’s pilgrimage, down from a peak of three million in previous years. Business owners catering to Mecca visitors say government cutbacks in the Kingdom and in some neighbouring countries mean many would-be pilgrims have less money to spend on the journey.
DP World launches 36-hour Dubai-Iraq sea link
DP World has launched a 36-hour maritime service linking Dubai’s Mina Rashid with Iraq’s Umm Qasr Port, offering a faster alternative to overland trucking.
Parkin expands into Abu Dhabi under partnership with DAMAC
The paid parking operator Parkin has signed a five-year agreement with DAMAC Properties to manage around 3,600 parking spaces across the developer’s communities in Dubai and Abu Dhabi.
Dubai hosts Sustainable Bio International Forum
The Sustainable Bio International Forum, hosted by Dubai on Friday under the theme “From the UAE…to a Greener World”, discussed the future of sustainable bioenergy and its role in supporting a low-carbon circular economy.
TerraUSD creator Do Kwon sentenced to 15 years over $40 billion crypto collapse
Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated $40 billion in 2022, was sentenced on Thursday to 15 years in prison for what a judge called an "epic fraud".
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