JPMorgan to launch ‘Pay With Your Face’ Shopping
JPMorgan Chase is reportedly preparing to launch a biometric payments system for the masses, the Daily Hodl reported quoting the American...
Business
ADNOC Gas to pay $3.25bn in dividends
The company had paid an interim cash dividend of $1.62bn in Dec 2023.
Business
Business
Mubadala Petroleum, Eni partner for energy transition
The scope of the cooperation covers potential joint opportunities in Mena, South East Asia, Europe, and other regions of mutual...
- The MoU aligns with Mubadala Petroleum’s approach to Environmental, Social & Governance ESG considerations and its energy transition goals
- This includes pursuing a gas-weighted portfolio strategy that has seen the company’s asset base reach almost two-thirds natural gas
Chapman Taylor designs Jeddah park
The airport City Central Park is designed as a botanical garden.
- The Airport City in Jeddah is coming up adjacent to King Abdulaziz International Airport
- It is being projected as an upcoming destination for visitors from across Saudi Arabia and the GCC region
Oman Air inks deal in tourism push
The national carrier of Oman inked the deal with tripsnstay.
- The agreement follows the recent announcement of Oman easing travel restrictions
- The country on September 1 reopened its doors to vaccinated travelers with a negative PCR test result
Economy
Three in four in Lebanon are living in poverty: UN body
That number goes up to 5 out of 6 people when one redefines poverty beyond the usual fiscal lines and...
- Between June 2019 and June 2021, the inflation rate in Lebanon amounted to 281 percent
- This led to a rise in income poverty from 25 percent in 2019 to almost 74 percent in 2021
Business
EMotorad starts global journey with e-bike launch in UAE
The brand sees UAE as a major platform to showcase its futuristic products globally
- The brand sees UAE as a major platform to showcase its futuristic products globally
- EZYTRONIX and EM have joined hands to launch the flagship brand and establish EM products
Siemens hydrogen plant in Egypt
Siemens Energy expects to kickstart the hydrogen industry in Egypt.
- Siemens Energy and EEHC will pursue the development of a pilot project, comprising 100-200 MW of electrolyzer capacity
- This is will drive early technology deployment, establish a partner landscape, and set up off-take relations, among other things
Analysis
Snowden slams new Apple feature
The NSA whistleblower has said other companies following suit could lead to a torrent of privacy breaches across the board.
- Apple unveiled the features earlier this month, saying they would help limit digital contraband on its devices
- Experts have already warned against the feature, saying that it could be hacked or exploited
Economy
Mena region needs water resilience: World Bank
Without water resilience, the MENA region may see a loss of 6-14 percent of the collective GDP by 2050, says...
- A drought can reduce the economic growth of a city anywhere in the world by up to 12 percent, says the World Bank
- The MENA region, it says, has over 60 percent of the population living in areas with high water stress, compared with 35 percent globally
Analysis
The most vulnerable Linux distros
Now, security solutions provider Trend Micro has said that detected millions of “security events” in Linux distributions — both in...
- The most common security event seen in Linux systems was coinminers
- The Linux distro with the most vulnerabilities was CentOS Linux
Analysis
Lebanon to disburse dollars to families
The decision to disburse the $246-million World Bank loan in dollars will have a significant impact on the beneficiaries.
- Lebanon had approved a $246-million loan from the World Bank in March this year
- Its disbursal had been held up due to government’s initial decision to disburse the loan in Lebanese pounds
JPMorgan to launch ‘Pay With Your Face’ Shopping
JPMorgan Chase is reportedly preparing to launch a biometric payments system for the masses, the Daily Hodl reported quoting the American...
Business
Company News
Yanbu NPC loss $129m
Business
Aramex Q4 net profit doubles
Business
Latest News
DEWA 2023 net profit $2.15bn
Business
Stolen Van Gogh returned in IKEA bag displayed again
Arts & Culture
TECOM Group net profit up 49%
Business
DAE, Turkish Airlines ink pact
Business
PIF acquires 40% of Zamil Offshore
Zamil is one of the largest offshore support vessel operators.
Business
Dubai records over US$2.6bn in weeklong real estate transactions
DUBAI, UAE - A total of 3,543 real estate transactions worth over US$2.6 billion (AED9.8 billion) were conducted during the...
Business
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Arts & Culture
Stolen Van Gogh returned in IKEA bag displayed again
Rotterdam, Netherlands -- A precious Vincent van Gogh painting stolen and then handed to a Dutch art sleuth in an IKEA...
- The 1884 "Parsonage Garden at Nuenen in Spring", worth up to six million euros ($6.8 million), was unveiled to media at a Rotterdam museum, with damage from the theft still visible
- Wednesday's showing was just for media, but the public will be able to view the painting from March 29 in Groningen Museum, in the north of the Netherlands.
Business
TECOM Group net profit up 49%
The company recorded its highest-ever revenue of AED 2.2 billion.
- The lease of industrial lands witnessed a strong demand in 2023, as the occupancy rate rose to 94 percent, compared to 81 percent in 2022.
- The company has recommended a dividend payout of AED400 million to the company's shareholders for the second half of 2023.
Business
DAE, Turkish Airlines ink pact
Turkish Airlines will take on lease 10 Boeing 737-8 aircraft.
- The aircraft are scheduled to be delivered in 2025.
- DAE owns and manages 96 737 MAX family aircraft.