38 million passengers used services of SRTA in 2022, say reports
SHARJAH, UAE - The Sharjah Roads and Transport Authority (SRTA) said it transported about 38 million passengers, throughout the year...
Business
Business
Windows 11 rollout from October 5
Microsoft said the first rollout would upgrade Windows 10 PCs.
- The free upgrade for Windows 10 PCs will be phased and measured with a focus on quality
- Computers that come preloaded with Windows 11 will also become available for purchase from October 5
Business
Agthia to buy Dubai snack company
The group has endorsed the full acquisition of BMB Group.
- The deal would represent Agthia’s second investment in the snacking and healthy food market, following its acquisition of date company Al Foah earlier this year
- The value of the all-cash deal was not disclosed
Research
Gartner predicts IT spending to touch $557bn in 2022
Countries across the world are expected to be spending some $557 billion in 2022, up by 6.5 percent compared to...
- Most of the spending will be on IT services and software
- The COVID-19 pandemic sped up the digital transformation across government and private sectors last year, as consumers around the world shifted to remote channels
Business
OptiNAND: WD’s new disk feature
Data retention, performance enhanced in the new architecture.
- OptiNAND offers customers a solution to meet the demand for storing vast amounts of data.
- A drive works smarter with enhanced firmware algorithms.
Economy
Lebanon crisis may fuel bread shortage
The Lebanese flour millers' association has said mills might gradually stop working as fuel supplies run out. This, when the...
- This is the latest casualty of fuel shortages in Lebanon, where hospitals have already warned that they are hanging on by a thread
- The overall shortage of power-generating fuel has resulted in protracted power cuts in the country, forcing medical facilities to run generators, which too need fuel to run
Business
Emirates to receive three A380 by November
The delivery will take the airlines' total fleet of A380s to 188 units.
- Airline to also reinstate A380 flights on key destinations worldwide in October
- The deliveries will bring the carrier’s total fleet of A380s to 188 units in November, when the last double-decker is scheduled to arriveÂ
Business
UAE forms new law to punish erring ministers and officials
Any minister or senior official found guilty of corruption could be relieved of their job.
- People can submit complaints directly to the public prosecution
- Those accused may see their travel permits revoked, and even assets frozen
Business
Meat grown in lab to be on menu in MENA
An American startup Eat Just has tied up with Doha Venture Capital (DVC) and Qatar Free Zones Authority (QFZ) to...
- Facility to produce lab-grown meat without slaughtering livestock
- The large-scale plant, to be built in Qatar’s Umm Alhoul Free Zone, will house Eat Just’s cultured meat division, GOOD Meat
Stella Stays eyes $12bn Bahrain push
This is part of its expansion plans in the Middle East region.
- Stella Stays operates a portfolio of managed properties in the UAE, Bahrain and Canada
- The startup, launched in late 2019, has grown to manage nearly 300 properties as of August
Business
Ooredoo’s B2B app makes business solutions easier
Free to all Ooredoo business offers customers with around the clock access and two secured log-in access levels.
- Free to all Ooredoo business offers customers with around the clock access and two secured log-in access levels
- Employees can view their own accounts, pay personal bills, top-up credit and add roaming services
38 million passengers used services of SRTA in 2022, say reports
SHARJAH, UAE - The Sharjah Roads and Transport Authority (SRTA) said it transported about 38 million passengers, throughout the year...
Business
Company News
Latest News
Dubai road-toll operator Salik’s IPO to sell 20% shares
According to its intention-to-float document, the company is selling 1.5 billion shares and the offer price will be confirmed on...
Economy
Jahez posts profit of US$14.2m
The food delivery platform saw rise in orders on its app in H1.
Business
Iraq looks to neighbors for energy to overcome crunch
Looking to tide over the persistent problem of a lack of energy supply in the country, particularly in the summer...
Business
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Business
Saudi’s investment funds’ assets fall by 11 percent in Q2
Investment funds hold both local and foreign assets.
- The decline was attributed to a 10 percent drop year-on-year (YoY) in local assets – which represent 74% of total assets – to $38 billion.
- Investment funds are either open- or closed-end, with total assets of open-end funds at approximately SAR 159.7 billion ($42.5bn).
Videos
Middle East battles rising data breach costs
Most of the data breaches reportedly happen within the organization, but the silver lining is that organizations are handling these...
- Data breach costs in the Middle East are the second highest in the world after the US.
- In an IBM report based on data breach experienced by 550 organizations, 33 are from the Middle East region.
Business
Gulf Navigation repays loan
The $2.7m loan was financed by "Rasmala" for a vessel.
- In a bid to reduce financing costs, the company said last August that it had refinanced five petrochemical tankers under new and preferential terms with a major Chinese lender.
- The debt has also fallen to 294 million dirhams today, compared to 433 million dirhams at the end of 2020.