Tesla launches Shanghai battery plant project
The project was announced in April after Tesla chief Elon Musk presented a vague but ambitious plan to investors to...Business
UAE central bank cash deposits up by 10.2% in Oct to $187 billion
Abu Dhabi, UAE -- The Central Bank of the UAE (CBUAE) said Thursday cash deposits surged to AED 687.2 billion...Business
Majid Al Futtaim secures $1.5bn SLL
Women to form 30 percent of board members under agreement.The revolving credit facility is the largest in the MENA region.
Company also plans to have all its malls certified LEED Gold or better.
Disney, Delta, Big Tech dampen movie theater party at CinemaCon
After a year-and-a-half of big film releases placed on hold due to Covid, the CinemaCon trade summit has seen studios...After a year-and-a-half of big film releases placed on hold due to Covid, the CinemaCon trade summit has seen studios show off a glut of forthcoming blockbuster offerings
But beneath the talk of theatrical renaissance is a great deal of uncertainty -- highlighted by the absence from Caesars Palace of Disney
Qatar gets first batch of Boeing F-15 fighter jets
They were produced by the United States and Boeing in partnership with Qatar itself.The rollout took place on Wednesday in a ceremony at Boeing’s headquarters in the US state of Missouri
Qatar’s Minister of State for Defense Affairs Khalid bin Mohamed Al Attiyah was in attendance
Saudi Arabia taps Alibaba to help Chinese tourists
Alibaba Cloud is expected to help promote Saudi Arabia as a tourist destination to travelers in the Chinese market.The deal establishes the framework for a collaborative arrangement for Chinese tourists traveling to Saudi Arabia
The agreement is part of Saudi Arabia’s strategy to employ the latest technology to deliver seamless traveler experiences
Siemens hydrogen plant in Egypt
Siemens Energy expects to kickstart the hydrogen industry in Egypt.Siemens Energy and EEHC will pursue the development of a pilot project, comprising 100-200 MW of electrolyzer capacity
This is will drive early technology deployment, establish a partner landscape, and set up off-take relations, among other things
ACME ammonia plant in Oman
The plant will cost of $3.5 billion and be built in three years.The plant will be an integrated facility using 3 GWp of solar and 0.5 GWp of wind energy
This will be used to produce 2,400 TPD of green ammonia with an annual production of 0.9 million tons
GCC hotel industry readies for a comeback
The Gulf hotel sector's investments, according to reports, have reached $27 billion. New hotel projects worth $3.5 billion in the...Hotel licenses in Saudi Arabia can now be obtained in just 10 days.
Until March 2021, UAE had 1096 hotels with 181.3 thousand rooms.
Visa signs MoU with AMF
They will explore ways to boost cross-border payments.Visa and AMF’s regional payment platform will design optimal solutions to unlock sustainable opportunities in payment industry.
Visa said the MoU reinforces its commitment to support the evolution of the Arab region and the vital role digital payments plays in this sphere.
Emirates allows Beirut travelers 10kg extra baggage
Emirates said it had last year set up a humanitarian airbridge with Lebanon, dedicating flights to deliver much needed emergency...Increase in allowance to help people carry medical and other goods to Lebanon.
Shortage of supplies has hit Lebanon, which is undergoing one of the worst economic crises in history.
Iran to sell more electricity to Pakistan
Iran at the moment has electricity exchange with Armenia, Azerbaijan, Iraq, Turkmenistan, and Afghanistan.Pakistan is all set to increase its electricity import from Iran to 70 MW
It will use this power at its under-development Gwadar port