CBI, zypl.ai ink partnership
The pact aligns with CBI’s plan to support innovation in UAE.Company News Business Banking & Finance Tech & Media
RAKBANK, DP World sign pact
The aim is to offer trade finance solutions to businesses in UAE.Company News Business Banking & Finance
Dubai faces warehouse shortage, says new report
DUBAI, UAE — The supply of under construction warehouse stock in Dubai’s industrial market stands at 1.56 million square feet according...The report says that demand is outstripping supply and occupiers are faced with the prospect of leasing more secondary stock.
Across the six primary submarkets tracked by Knight Frank in Abu Dhabi, rents have remained unchanged thus far during H2.
Vietnam TikTok entrepreneurs turn job losses into livestream gains
Bac Giang, Vietnam - Vi Thi Anh spent half a decade doing monotonous low-paid work in industrial hubs near Vietnam's capital...Vietnam is one of the world's top 10 growth markets and turnover is expected to reach more than $20 billion this year, according to the ministry of industry and trade.
Nearly 80 percent of Vietnam's 100 million people have access to the internet, and according to a recent survey by the data agency Statista.
Shell eyes $6bn in Nigeria
The investment opportunities are being explored in offshore gas projects.Nigeria, the continent's top economy and major oil producer, is seeking to attract more foreign investment since President Bola Ahmed Tinubu came to office in May.
OPEC member Nigeria has seen its oil output on the decline in recent years due to widespread theft from pipelines and attacks and high operating costs deterring on-shore investors.
Over-confidence leaves UAE consumers prone to online frauds: Visa study
Dubai, United Arab Emirates – Over-confidence is leaving consumers in UAE open to becoming victims of fraud, according to Visa’s...Ninety-percent respondents likely to disregard the warning signs that suggest online criminal activity even though 61% claim to be savvy enough to sidestep scams.
Just over one in two people (54 percent) in the UAE has been a victim of a scam at least once compared to the global average of 52 percent.
Sidra Medicine, GlobeMed Qatar sign pact on medical services
DOHA, QATAR – Sidra Medicine and GlobeMed Qatar have signed an agreement to offer eligible insured members of payers contracted...The insured members contracted with GlobeMed Qatar will have access to Sidra Medicine’s women’s and pediatric medical services.
This collaboration marks a significant step in offering insured members enriched healthcare experience in Qatar.
US’ first high-speed train to run between LA and Las Vegas in 2028
Washington, United States -- The United States will have its first high-speed train -- between Los Angeles and Las Vegas --...This project called Brightline West, from the name of the Florida-based company that will build and operate it, will receive up to $3 billion in financing, the administration said
While high-speed rail is the norm in much of Europe and Asia, particularly in China and Japan, the United States has long lagged behind.
Saudi Crown Prince launches urban plan of Qiddiya city
Riyadh, Saudi Arabia -- Crown Prince Mohammad bin Salman, Prime Minister and Chairman of the board of directors of the...Qiddiya city will become, in the near future, the foremost global destination in the fields of entertainment, sports, and culture, Argaam reported.
Work on the project has already begun by pumping about SAR 10 billion into the construction projects. The first assets are expected to be inaugurated in the next two years.
Meta encrypting Messenger and Facebook chats
Ramped up defenses against snooping that include disappearing messages come as the US company defends against lawsuits accusing it of...End-to-end encryption will be on by default and come with the ability to edit messages or have them disappear 24 hours after being sent, said Messenger head
People will still be able to report inappropriate messages to Meta, and the tech firm will notify users it if detects someone takes a screenshot of a disappearing message
Chinese firm announces $5bn investment in solar power chain in UAE
Dubai, UAE - Trina Solar, a Chinese renewable energy company, announced on Thursday plans to invest US$5 billion to create...Katherine Gao, Trina Solar CEO, described COP28 as an inspiring platform for leading companies to showcase their smart solutions in the fields of renewable energy
The event, she added, provides an opportunity to exchange solutions with industry leaders and governments to integrate environmental practices across the supply chain
KPMG to merge UK, Swiss ops
The UK unit employs about 17,000 staff and the Swiss over 2,600.KPMG UK said it is in discussion with Swiss firm to explore ways to bring greater benefits
KPMG rival EY recently failed in a bid to split its audit and consulting units, causing its boss Carmine Di Sibio to retire a year early
