Microsoft lays off 1,900 staff
The move comes after Activision Blizzard gaming buyout.Company News Business
Deals worth $26.66 billion signed at Real Estate Future Forum 2024
Riyadh, Saudi Arabia -- Deals worth more than $26 billion were signed at the Real Estate Future Forum 2024, which...Business
Marjan lands $272m RAK project
Dubai Investments and Marjan have tied up for the project.The project’s design is reportedly set to offer a private enclave with waterfront views
It is targeted at social gatherings, family unions, business meetings, or personal relaxation
UAE makes up 88% of GCC investment in Sub-Sahara Africa
Over 3,000 government officials, business leaders and industry experts representing 91 countries took part in the 6th Global Business Forum...Fintech, healthcare, agriculture, e-commerce were identified in the report as high-potential sectors
Around 90 percent of surveyed executives said they expect fintech to see the most growth in 2022
Saudi Arabia, UK discuss education cooperation
The two countries discussed ways of enhancing educational, academic, and research cooperation.Saudi Arabia and the UK talked about sharing the best practices and expertise in education
The meeting also addressed their efforts in fields of cooperation in public education, developing curricula, and the courses system for secondary education
Start-ups at in5 secure investments worth AED1.4 billion
More than 150 new companies joined in5 since 2020, bringing the grand total of start-ups supported by the incubator to...Start-ups that successfully secured significant investments include buy-now-pay-later start-up tabby
Sunglasses e-commerce company Eyewa, has secured AED 77 million in total funding
Saudi realty players bet big on an auction site
Property owners list their property on Mazad Aqari and the platform does the rest in terms of evaluating the property,...Property owners can list their property on Mazad Aqari and the platform will do the rest in terms of evaluating the property, marketing, sales, and closing the deal
Saudi Arabia's real estate sector, according to Statista, is expected to reach US$150 billion by 2026 at a CAGR of 12 percent
Jafza and Al Masraf to help SMEs simplify financial processes
DP World said the agreement with Al Masraf strengthens its commitment to facilitate business activities of more than 8700 clients...SMEs and other licensed entities within the free zone will get assistance in account opening and financial documentation.
More than 53 percent of UAE's non-oil GDP is contributed by SMEs, according to Ahmad Al Haddad, COO of Parks and Zones of DP World UAE.
Dubai Customs launches smart lockers for passengers to store valuable cargo
On the inaugural day of GITEX Technology Week 2021, Dubai Customs launched I-Box smart lockers for storing commercial items or...Passengers can store goods in lockers at airport customs center without paying duty and collect them through self-clearance service on departure.
The I-Box smart lockers project has cut down the process time for delivery from 30 minutes to 1 minute.
Ministry of industry briefs 11 French startups about UAE business scene
As many as 11 French startups in the technology, infrastructure and services were briefed about the UAE's business environment by...The French firms, which work in the field of technology, infrastructure and services, are members of La French Fab Booster Middle East program.
ADNOC, the Ministry of Economy, the Emirates Development Bank, Middle East Venture Partners (MEVP), DP World, Masdar, DEWA participate in the event.
Toyota makes US battery push
Japanese firm Toyota is the world’s biggest carmaker.Toyota has unveiled plans to invest $3.4 billion into automotive batteries in the United States
As part of the plan, it will build a factory in the country for production of such batteries
Oil-waste fire in Dubai under control
Dubai Civil Defense on Monday, October 18 brought under control a fire that had broken out at an oil waste...Official sources said the oil waste disposal site was located far away from factories in the Jebel Ali Industrial area
This could have been one of the factors why no loss of life or injury was reported due to the fire
