IMF chief at Davos: AI holds risks, opportunity for global economy
Artificial intelligence poses risks to job security around the world but also offers a "tremendous opportunity" to boost flagging productivity...Business Economy Geostrategy Tech & Media
Qatar Chamber and CzechTrade look to boost trade cooperation
Doha, Qatar--Qatar and Czech Republic are looking to ramp up trade and investment cooperation between the two countries.In this regard,...Business
Turkey buys drones from firm where Erdogan kin is CTO
The drones have been made by Baykar, whose CTO is the son-in-law of Tuekey’s president.The UAVs, called Akinci, have been made by private drone-maker Baykar
The Turkish military on Sunday took delivery of these drones, whose name means “raider” in Turkish
Etisalat to partner with GMIS on 5G
The UAE-based company will share practices at GMIS 2021.The GMIS is being held at Expo 2020’s Dubai Exhibition Centre.
Discussions will focus on government , society, women in leadership and the UAE’s Operation 300bn.
EGA sees $473m profit in H1
This was the company’s strongest H1 financial performance ever.EGA supplied some 442 customers in 57 countries with metal in the first half of 2021
In the UAE, the company supplied 140,000 tons of metal to local customers
Jeddah asks traders to stick up QR code on shop fronts
Aiming to improve the quality of services and goods provided to Jeddah resident, the Municipality has called on businesses to...“The mandatory service is part of the modern services launched by the Ministry of Municipal, Rural Affairs and Housing through the ‘Balady’ platform”
the QR code aims to improve the quality of services and goods provided to Jeddah residents by promoting effective digital communication
Kuwait to transform ‘tire graveyard’ into new city
After 17 years of accumulation of end-of-life tires, the dump was spread across 2 sq km, with 40 million tires...Three massive fires between 2012 and 2020 sparked environmental concerns, prompting the authorities to shut it down for good
In past months, trucks loaded with tires had made more than 44,000 trips from the landfill to the Al-Salmi region, near Kuwait's industrial area, where they would be temporarily st
Tabreed ups cooling-scheme stake
The exclusive scheme supplies Al Maryah Island in Abu Dhabi.The acquisition is from joint venture partner Mubadala Infrastructure Partners
The deal brings ownership of Tabreed in the scheme to 100 percent
Arkan launches digital platform
Medical, lab supplies and equipment can be purchase online.The platform provides a user interface for B2B procurement management.
Arkan said the launch in sync with Saudi Arabia Vision 2030.
UAE investing hub despite high starting cost
Starting a business in the Emirates makes a $7,444 hole in the pocket, but world-class infrastructure, excellent connectivity, business-friendly policies and...Having been pegged to the US Dollar since 1973, the AED is favorable to all business firms within the country due to its steadiness.
Saudi businesses in the past had to clear 13 procedures and required to have 1,057 percent of income per capita in the bank before starting a business.
Demand for lithium boosts Tianqi’s net profit
In a boost to China's Tianqi Lithium Corp, one of the world's top lithium producers, it posted its first net...China's Tianqi Lithium Corp posted its first net profit in two years on Sunday
net income was 85.8 million yuan ($13.3 million) for the first half of 2021
Al Seer Marine of IHC lists on ADX
The subsidiary of the International Holding Company has been listed under the ticker ASM.Al Seer Marine, which builds and operates vessels and manages yachts, has total assets of 3.98 billion dirhams ($1 billion)
Al Seer Marine is the sixth IHC Group company to list on the ADX, following the successful listings of Palm Sports, Easylease, Zee Stores, Emirates Stallion Group
