DEWA files patent for energy liquid
The liquid enhances efficiency of energy storage systems.
Business
Economy
Bahrain central bank issues e-cheques
The e-cheques will retain all the basic functions, legal validity, and benefits of paper cheques while providing a paperless payment...
- The e-cheques will come into effect on October 19, and will be available through two apps
- They are expected to complement traditional paper cheques, which are a popular payment instrument in Bahrain
Business
Putin of Russia says crypto has value but not for oil trading
Russian President Vladimir Putin signaled tolerance of cryptocurrencies, but is still not convinced they can replace the US dollar in...
- Russia has sought alternatives to trading in dollars since being slapped with sanctions in 2014 following the annexation of Crimea
- “It is legitimate and can be used in settlements, no doubt about that, but it is too early to use it for trading in oil"
Geostrategy
UAE calls for joint international effort to achieve zero poverty
The UAE maintains a firm belief that the international community must work together to honor shared commitments towards achieving zero...
- Al Shamsi made the remarks in a statement issued today to mark the International Day for the Eradication of Poverty
- At the international level, the UAE is a key contributor to many global humanitarian initiatives focused on eradicating poverty
Business
AD Ports H1 revenue up 21%
Diversification, new leases, and partnerships fueled the rise.
- AD Ports Group revenue increase 21 percent year-on-year to AED1,832 million ($499 million) in H1 2021
- This was in contrast with its H1 2020 revenue of AED1,517 million ($413 million)
Science
Saudi Arabia to ease Covid-19 measures from October 17
While the country has scrapped social-distancing, it has not done away with the mask mandate.
- Masks are not compulsory now in open places, but must be worn in closed places
- The authorities have allowed full capacity in gatherings, public places, means of transportation, restaurants, and cinemas
Business
Samsung AI course for UAE youth
The students will learn data science, probability, statistics, linear algebra, python
- The course will enable participants to learn AI modeling on a solid foundation of mathematics while developing a fluid understanding of AI projects
- The curriculum will also allow participants to experience ML tools and real-world problem solving with various exercises and practical projects
Business
Bahrain Grand Prix to open 2022 F1 season
The 2022 FIA Formula 1 World Championship will kick off at the Bahrain International Circuit.
- This will be the fourth time that the Formula 1 season will start in Bahrain
- The championship-opener was previously held at BIC in 2006, 2010 and in 2021
Economy
UN calls for ‘transformative action’ on World Food Day
UN Secretary-General Antonion Guterres has called for changes in the way the world produces, consumes, and wastes food. His remarks...
- Around 40 percent of the world — roughly 3 billion people — cannot afford a healthy diet
- The Covid-19 pandemic has left an additional 140 million people unable to access the food they need
Economy
Brazil’s Paraná emulates UAE to be a logistics hub: Governor
In an exclusive interview with WAM in Abu Dhabi, Carlos Roberto Massa Ratinho Junior said the economic relations between his...
- In an exclusive interview with WAM in Abu Dhabi, Carlos Roberto Massa Ratinho Junior said the economic relations between his state and the UAE are on an upswing
- In an exclusive interview with WAM in Abu Dhabi, Carlos Roberto Massa Ratinho Junior said the economic relations between his state and the UAE are on an upswing
Economy
Saudi non-oil exports post 37% record jump to SR125.3bn
Saudi Arabia’s non-oil exports rose 37 percent to a record SR125.3 billion in the first half of 2021, SPA reported....
- They increase by 8 percent in quantity, equivalent to 34.7 million tons, suggesting a rebound in prices as volumes returned to normal
- Saudi Arabia exported to 170 countries in the first half, led by SR17.0 billion of goods to the UAE
DEWA files patent for energy liquid
The liquid enhances efficiency of energy storage systems.
Business
Company News
Latest News
Sulaiman Group’s profit soars
Business
Saudi Education Minister meets founder of edX platform in US
Saudi Arabia's Minister of Education Dr. Hamad bin Mohammed Al AlSheikh has met with the leaders of edX platform at...
Business
Saudi Arabia to launch two astronauts into space aboard Elon Musk’s SpaceX
The sources told Reuters that the deal was signed privately earlier this year with Houston’s Axiom Space.
Science
Most Read
Business
Some 72% children fall victim to online threats globally: report
These were the findings of a report from Boston Consulting Group (BCG) and the Global Cybersecurity Forum (GCF), based on...
- while 83% of the children surveyed said they would turn to their parents if threatened online, only 39% of parents had been approached with concerns about online threats
- only 41% of parents would report problematic content received by their children to the police, and only 34% would report such content to their children's school
Economy
GCC central banks up interest rates, tracking US Fed
Taking a cue from Federal Reserve, GCC central banks have raised interest rates, tracking a hike in the US Fed's...
- The UAE central bank raised the Base Rate applicable to the Overnight Deposit Facility (ODF) by 75 basis points – from 2.4% to 3.15%
- The US central bank announced its third consecutive interest rate increase of 0.75 percentage point, continuing the forceful action to tamp down inflation
Business
ENOC Group announces 50% Emiratisation during Careers UAE 2022
The various energy career opportunities were revealed during ENOC’s participation at the 21st edition of Careers UAE.
- The various energy career opportunities were revealed during ENOC’s participation at the 21st edition of Careers UAE
- ENOC is recruiting young talented Emirati nationals in the energy sector in specialisations including chemical, mechanical, and electrical engineering