Utilizing AI is only possible if skill gap is bridged, says expert
DUBAI, UAE - The Artificial Intelligence (AI) revolution is upon us, with AI becoming a pervasive force in our daily...Business Economy Global Tech & Media Uncategorized
Shanghai to build 200 smart factories to shore up its manufacturing status
Shanghai, China--Shanghai plans to build 200 new smart factories and 20 demonstration sites by end of 2025 after 70 intelligent...Business
Emirates and Qantas extend partnership
Together, the airlines are making millions of reward seats available for frequent flyers to access more than 100 destinations.For Emirates customers, the deal provides access to over 55 Australian destinations to where Emirates does not fly
Qantas customers are able to fly on Emirates to Dubai and access over 50 cities in Europe, the Middle East and North Africa, to where Qantas does not fly
Panama law firm heavily implicated in ‘Pandora Papers’ revelations
Alcogal created offshore shell companies to hide money in tax havens for politicians and public figures. They included "some accused...Nearly two million of the 11.9 million leaked documents associated with the Pandora Papers came from Alcogal.
The firm rejected accusations, saying it was considering legal action to defend its reputation.
Expert at AVSEC symposium: Need to rethink security approaches
The 5th edition of the AVSEC Global Symposium, which started on Sunday in Dubai, brought together globally recognized security experts,...The three-day event will host 35 speakers and over 700 delegates from more than 50 countries.
Held since 2013, the symposium is one of the most significant aviation security events in the region and one of the biggest globally.
ADQ to buy stake in IHC subsidiary
Abu Dhabi-based firm will acquire Eltizam Asset Management for AED111.6 million.IHC has entered into a strategic partnership with ADQ to sell a 50% stake in its subsidiary
Eltizam offers an integrated suite of strategic management and real estate services
Libya kicks off construction of oil refinery near an oilfield
Announced in the early 1980s, the project for a refinery in southern Libya had been put on hold for years...An annual income of $75 million is expected from the project, said state oil company head Mustafa Sanalla.
The refinery will be built near Al-Charara oil field, which produces an average of 300,000 barrels of oil a day.
UAE deepens partnership with 14 countries to proscribe laundering of money
The United Arab Emirates Expert Group for Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) has continued to hold...These meetings built on earlier meetings held with other key partners, including Saudi Arabia, the Gulf Cooperation Council (GCC), the European Commission (EC), and Russia
Evidence of the UAE’s recent efforts was demonstrated throughout the meetings
Mace, global construction firm, to build $4.3bn lifestyle project in Riyadh
Mace, the global construction company, will be working on a big lifestyle destination project in Riyadh, its developer Majid Al-Futtaim...Riyadh North project will house over 600 retail stores, nine hotels and branded residences, as well as the flagship Mall of Saudi
It will also feature an indoor ski slope and snow park
GCC airlines fly into losses amidst Covid-19
With $126 billion in losses, airline industry recently confirmed that 2020 was the worst year on record for the struggling...The pandemic has forced airlines to lay off staff and seek government bailouts
2020 was the worst year on record for the struggling sector
France takes to the skies to celebrate Expo 2020 National Day
DUBAI: France celebrated its 'Expo 2020 National Day' with celebrations in the skies and across ten locations, with the main activities...The official ceremony took place at Al Wasl Plaza in the presence of France Minister of Europe and Foreign Affairs Jean-Yves Le Drian.
The 'National Day' celebrations took place across ten locations.
UAE-Brazil trade defies Covid pandemic gloom, posts 33 percent growth in 2021
Trade between the United Arab Emirates and Brazil has grown 33 percent in the first eight months of 2021, defying..."This year we can see a strong increase in bilateral trade that reached US$1.8 billion in the first eight months [until August
the Brazil-UAE bilateral trade in 2018 stood at US$2.6 billion, which went up to US$2.81 billion in 2019
