Global stocks are expected to extend gains this week on the back of strong second-quarter earnings despite concerns over the upcoming meeting between US President Donald Trump and Russian President Vladimir Putin.

The Dow Jones Industrial Average closed 0.38 per cent higher at 25,019.41 on Friday, after gaining 2.3 per cent in the past week. The S&P 500 index closed 0.11 per cent higher to 2,801.31, after hitting a high of 2,804.53, its highest"...

Oman-based Destination Sustainability, the first local SME consultancy firm specialising in corporate sustainability and social responsibility in the sultanate, recently inaugurated its new offices in Airport Heights, Muscat, said a report.

Malak Al Shibani, director general of the National Business Centre (NBC), was present at the event to mark the start of a new phase of growth for the company, added the Times of Oman report.

Established to connect sustainable practices, common values and ethics"...

The UAE's Khalifa Fund for Enterprise Development has signed a memorandum of understanding (MoU) with the Crown Prince Foundation to support entrepreneurship and development projects in Jordan.

The initiative is in accordance with the directives of HH Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, and the instructions of HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to support Jordan, said a statement.

This initiative"...

Dubai Electricity and Water Authority (Dewa) has completed the engineering studies related to the 250MW hydroelectric power station in Hatta, which will use the water stored in the Hatta Dam.

This is part of the Dh58 million ($15.8 million) consultancy contract that Dewa awarded to France’s EDF Group in June 2017, and covers all design, hydro-geological, geological, environmental, geotechnical, and deep excavation studies.

It also includes consultancy on deep-water tunnel designs, the upper"...

The Department of Economic Development (DED) in Dubai issued 1,185 new licences and concluded more than 19,850 transactions in June.

The latest data, recorded on the 'Business Map' digital platform of the Business Registration and Licencing (BRL) indicates that the emirate continues to attract businesses and investors as a competitive hub for sustainable business development.

The 'Business Map' tracks business registration and licencing in the DED and seeks to reflect the economic"...

Scores of families who fled from the terrorists’ crimes in the western countryside of Daraa province and who are currently residing in Jebab temporary housing center 90 km north of Daraa city, will not have to remain there for a long time, as the final victory over terrorism and the declaration of Daraa province free of terrorism is close at hand.

Daraa Governorate, in cooperation with the Department of Ecumenical Relations and Development"...

The Director General of the Syrian Investment Authority Madyan Diab said that the Conference of Businessmen and Investors in Syria and the World 2018 will be held on July 26- 28 at the Conference Palace at the Damascus Fairgrounds.

Mr. Diab confirmed, during a press conference held in cooperation with the International Investment Company on Saturday, the readiness of the Authority to provide all services and facilities to investors and answer their"...

UAE Exchange, a leading global money transfer, foreign exchange and payment solutions brand, announced the rebranding of its Africa operations as “Unimoni”. The announcement was made by Promoth Manghat, Executive Director of Finablr and Group CEO, at an event held in Nairobi, Kenya, in the presence of dignitaries, partners and other guests.

Short for ‘Universal Money’, the new brand “Unimoni” reflects the company’s"...

The UAE’s the Federal Tax Authority (FTA) said that a project that returns value-added tax (VAT) to tourists is in its final preparation stages, where an advanced system will be put in place to corresponds with international best practices.

The system relies on an advanced integrated digital system to set up a direct connection with points of sale, as well as with all UAE ports of entry, allowing the global operator to coordinate among retailers registered with the FTA, and enable tourists to submit refund"...

The US Commerce Department has asked carmakers to reveal some of their most closely held secrets as part of its investigation of whether tariffs on imported cars and components are needed to safeguard national security.

A 34-page questionnaire from the department’s Bureau of Industry and Security was sent to several automakers this month seeking sensitive details about company finances, factories, supply chains and other topics.

“The"...