Xiaomi launches first electric car
The car manufactured by Xiaomi likely to enter market by 2025.Company News Business
New York Times sues OpenAI, Microsoft in copyright clash
Through their AI chatbots, the companies "seek to free-ride on The Times' massive investment in its journalism by using it...Business
Plot of land on Red Sea sells for $352.7m
In one of the largest real estate deals in Jeddah this year, the Saudi Oger Company's "Arjuwan Red Sea Project"...The value of the endeavor amounted to more than $9.52mln for the land exceeding 281,000 sqm in a privileged location in the Alshatei district
The Arjuwan Red Sea Project is one of the most promising and ambitious real estate projects in Jeddah
Oman sets terms for top hotels to open event halls
Four and five-star hotels in Oman may open meeting and celebration halls, but must follow certain restrictions.Celebration and meeting halls in top hotels can function with a maximum of 35 percent capacity
The hotels would have to allow entry to only those fully immunized with vaccines approved Oman
Lebanon taps Dubai’s ENOC for fuel swap
Lebanon is expected to use ENOC’s fuel to generate electricity, as the Iraqi oil is deemed unsuitable for the process.As part of the deal, Lebanon will give ENOC 84,000 tons of Iraqi high-sulfur fuel oil
In return, the country will receive 30,000 tons of Grade B fuel oil and 33,000 tons of gasoil
Israel gives hospitals $31 million to end partial strike
Finance Minister Avigdor Liberman said the Treasury had transferred the amount to the public hospitals.Staff and administrators at these hospitals have been protesting against the government’s failure to provide adequate healthcare funding
Since Wednesday morning, several public hospitals in Jerusalem have not been admitting patients from brought by the emergency services
Iran steel production rises 10% in 2021
The country has kept its position as the 10th largest producer of steel in the world this year.The performance of some leading Iranian steel companies indicates they exported 916,236 tons of steel in June
This which indicates a growth of 104 percent compared to June 2020
$1.68 billion weeklong realty deals recorded in Dubai
DUBAI: Real estate and property transactions worth AED 6.2 billion were recorded in Dubai during the week ending Thursday. Dubai...The most expensive plot of land sold for AED33 million in Hadaeq Sheikh Mohammed Bin Rashid.
Jabal Ali First recorded the most transactions for this week by 75 sales transactions worth AED315 million.
Facebook may launch digital wallet
The wallet, Novi, would let users store cryptocurrencies.Facebook said in 2019 it planned to introduce a cryptocurrency called Libra, which changed its name to Diem in 2020 after facing regulatory resistance.
Company says it would have preferred to release Novi alongside Diem, but the latter's timing was uncertain.
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
