RTA launches Phase II Study of Intelligent Traffic Systems Initiative
Dubai’s Roads and Transport Authority (RTA) has started the study and design of Phase II of ITS Improvement and Expansion...
Economy
Aramex Q4 net profit doubles
Business
DEWA 2023 net profit $2.15bn
Business
Stolen Van Gogh returned in IKEA bag displayed again
Arts & Culture
Middle East economy firm despite challenges
Non-oil growth to stay robust, bolstered by a strong non-oil GDP growth in the region's two biggest economies, UAE and...
Economy
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
Science
Elon Musk announces humanoid Tesla Bot
Musk said the robot would be five feet and eight inches tall, and that a prototype would be ready next...
- Musk compared the current fleet of Tesla cars to “semi-sentient” beings
- He then said whatever the vehicles are capable of could well be put into humanoid form
Geostrategy
US’ Iran sanctions target Omani man, firms
The US Department of Treasury said the sanctions are on ‘individuals and businesses’ involved in a network that smuggled oil...
- The US has sanctioned an Omani national Mahmood Rashid Amur Al Habsi, who it said helped smuggled oil out of Iran
- On the list of sanctions are also two companies owned by Al Habsi, and a tanker used to ferry oil
Investigation
$600m crypto theft case about to be solved?
DeFi platform Poly Network said on Twitter on Wednesday that the threat actor or actors had already returned cryptocurrency worth...
- Poly Network on Tuesday identified the vulnerability that had been exploited to break into its platform
- A threat actor named an entity named PolyNetwork Exploiter is now transferring funds back to the company
Research
Saudi Central Bank to augment Islamic banking
The Saudi Central Bank or SAMA has launched two programs to augment Islamic banking through research and translation, local reports...
- They are the Islamic Finance Research Support Program and the Islamic Finance Research Translation Program
- Both programs are expected to offer cash prizes for the best research papers in various categories
Emirates ‘stewardess’ on top of Burj Khalifa
The new advertisement has gone viral on social media.
- The 33-second ad shows what appears to be an Emirates stewardess atop the Burj Khalifa, the tallest building in the world
- The woman is seen thanking the United Kingdom for removing the UAE red list and onto the amber one
RTA launches Phase II Study of Intelligent Traffic Systems Initiative
Dubai’s Roads and Transport Authority (RTA) has started the study and design of Phase II of ITS Improvement and Expansion...
Economy
Company News
Aramex Q4 net profit doubles
Business
DEWA 2023 net profit $2.15bn
Business
Stolen Van Gogh returned in IKEA bag displayed again
Arts & Culture
Latest News
TECOM Group net profit up 49%
Business
DAE, Turkish Airlines ink pact
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
Most Read
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.
Business
NEOM announces its new luxury ecotourism destination Zardun
NEOM, SAUDI ARABIA - NEOM's Board of Directors has announced the launch of Zardun - an exclusive resort and natural...
- This move will help in supporting NEOM's efforts to develop luxury ecotourism in the Kingdom.
- Zardun Nature Resort will feature four ultra-luxurious buildings that will blend with the landscape.