EU examines Microsoft large investment in OpenAI
Brussels, Belgium - The EU, racing to regulate the fast-moving world of artificial intelligence, said on Tuesday it has started a...Business Tech & Media
Air cargo demand up 8.3 percent in November 2023, says IATA
GENEVA, SWITZERLAND - The International Air Transport Association (IATA) released data for November 2023 global air cargo markets indicating the...Business Aviation
Saudi MSMEs get new three-month payment respite
The Deferred Payment Program was launched on March 14 last year, as Covid-19 was spreading across the world. According to...The respite is in the form of the extension of the Deferred Payment Program for the MSMEs
The initiative is one of the many Private Sector Financing Support Programs the central bank has launched to help the economy
More UAE women take up STEM courses
The Emirati women's share in online enrollments in science, technology, engineering, and mathematics rises to 42 percent in 2021 from...The Emirati women's share of online enrollments in science, technology, engineering, and mathematics increased to 42 percent in 2021 from 38 percent in 2019
Women’s enrollment in entry-level professional certificates also went up in the country from 26 percent in 2019 to 32 percent in 2021
Bahrain launches region’s fastest global sea-to-air logistics hub
Bahrain expects this to be the most efficient multimodal sea-air transshipment hub in the region with a global reach.The hub is said to have a turnaround time of just two hours for all containers
This means products can be with customers in half the time and at 40 percent of the cost
Dubai reviews park redesign proposals
Brand Dubai and Dubai Municipality have reviewed some creative proposals to redesign 10 public parks in the emirate.The latest joint project is part of an ongoing partnership between Brand Dubai and Dubai Municipality
Together, they are looking to undertake beautification projects to enrich the city’s urban landscape
Saudi Arabia ‘racing against time’ to finish F1 track
The floodlit circuit is expected to run over 6.175 km (3.8 miles), the second-longest on the calendar, and will feature...A visit to the track this week showed there was still much work to be done
Buildings were still under construction and cranes and diggers were on site
New FTA services to ease VAT refunds for UAE homes
The new services are said to offer four different services that aim to raise the target audience’s awareness, provide them...The initiative is expected to include a weekly interactive virtual workshop, the Virtual Session
This would introduce UAE citizens eligible to professionals for consultations and clarification about the VAT refund process
Abu Dhabi H1 real-estate deals hit $6.4bn
The real-estate sector in Abu Dhabi recorded 3,425 real-estate sales transactions worth AED9.02 billion (around $2.46 billion), and 3,621 mortgage...The H1 recorded value has been achieved through 7,046 real-estate transactions
These include transactions and mortgages of land, buildings, and real-estate units of all kinds
$80 oil sparks mixed fortunes for world economy
Rising oil prices handed a major boost to producers but threaten the global recovery and stoke inflationary pressures because they...Global supplies have been disrupted because US production remains hampered by the ongoing fallout from Hurricane Ida.
OPEC now expects global oil demand to exceed its pre-pandemic level in 2022 thanks to Covid vaccines and recovering economies.
Construction works complete on a stretch of UAE rail network
DUBAI: Etihad Rail has completed construction works on a stretch of the 1200-km UAE National Railway Network, the company said on...The work was completed ahead of schedule on Package A of Stage Two, which extends over 139 km.
40 percent of the network’s annual transport capacity has been reserved through commercial agreements.
SEDCO Capital, Lombard Odier launch Shariah-compliant fund
The Fund's composition reflects a convergence of SEDCO Capital's Prudent Ethical Investment (PEI) approach with Lombard Odier's investment expertiseThe Fund's composition reflects a convergence of SEDCO Capital's Prudent Ethical Investment (PEI) approach with Lombard Odier's investment expertise
The Fund aims to deliver capital growth through an active asset allocation strategy with the goal of outperforming the Dow Jones Islamic Market World Developed Total Return Index
