Chinese auto giant BYD to integrate DeepSeek, broaden self-driving tech
BYD will install its "God's Eye" autonomous driving system in at least 21 models, including the Seagull budget hatchback priced...Business
Exclusive: Green investments lead to tangible returns, says WEF’s Philips
Public-private partnerships are essential for advancing sustainable urban development and meeting net-zero targets, Vivian Brady Phillips, Head of Strategic Initiatives,...Business Economy
Lufthansa orders planes for $9 bn
The airline ordered 40 planes each from Boeing and Airbus.The Airbus planes are intended to be used by Lufthansa's new regional carrier, City Airlines, which is due to start operating in summer 2024.
The aircraft, the first of which will be delivered in 2026, will be deployed on short-haul routes from Frankfurt and Munich.
ENEC announces completion of Unit 4 of Barakah Nuclear Energy Plant
The Federal Authority for Nuclear Regulation (FANR), the UAE's independent nuclear regulator, recently issued the Operating License for Unit 4...The three current commercially operating Units at Barakah, delivered in three consecutive years, are already generating more than 30TWh of zero-emission electricity every year.
The Barakah Plant, a pivotal player in the international nuclear energy sector, boasts four APR-1400 units, marking it as one of the largest nuclear energy facilities globally.
Mubadala Energy makes gas discovery
This is the company's second successful well in the Andaman area.The latest discovery comies after the success of Timpan-1 in Andaman-II, which itself came after the success of Cengkih-1 in our SK320 in Malaysia.
The well encountered an extensive gas column with a thickness of over 230 meters in an Oligocene sandstone reservoir.
Apple pauses sale of watch models
The pause comes as it fights a patent battle over technology.The move comes more than a month after the USITC recommended banning imports of Apple Watch models that appear to infringe patents held by Masimo Corp
A presidential review is underway regarding the USITC order regarding imports of Apple Watch models with the blood oxygen sensing feature at issue in the patent dispute
Aldar ties up with Yellow Door Energy
They will supply solar power to 45 properties in the UAE.As part of Aldar's Net Zero Plan, the switch to solar power will prioritise on-site clean energy generation
Starting in 2024, the transition to solar will reduce 23,000 tonnes of CO2 emissions in its first year
UAE, South Korea look to deepen collaboration in water sector
Dubai, UAE-- The UAE and South Korea Korea are looking to boost ties in the water sector and in this...The joint committee will seek to ramp up bilateral cooperation in the water sector, taking into account global changes and serving the best interest of both nations.
The Korean delegation was also apprised of the Water Security Strategy 2036 that aims to reduce the loss in the water network, decrease total demand for water resources by 21%
UAE, Oman, Qatar seen as top 2024 property investment destinations
Dubai, UAE – Oman, Qatar, and the United Arab Emirates, particularly Dubai, have secured top positions for residential property investment...Dubai has long been the main attraction for overseas property investors, renowned for its luxurious real estate offerings
The trend underlines the region's appeal as a reliable investment haven, especially amid cooling property markets in Europe and North America
US forms coalition to combat Houthi attacks in Red Sea
US Defense Secretary Lloyd Austin said in a statement that countries seeking to defend "the foundational principle of freedom of...Austin said the security coalition will ensure freedom of navigation for all countries
Houthi attacks have forced insurance companies to increase premiums on ships
Kings Aluminium starts building US$204m facility in KEZAD
Abu Dhabi, UAE-- Kings Aluminium Industries has begun constructing a state-of-the-art aluminium manufacturing and recycling facility in Khalifa Economic Zones...The aluminium factory spread across 100,000 square metres of land leased from KEZAD Group will source its raw material from Emirates Global Aluminium
The facility will localise the manufacturing, utilise local raw materials, enhance environmental as well as sustainability aspects in the production process
Navigating the rising tide of cyber threats in GCC
"Critical infrastructure organizations are distinct from other enterprises; their downfall could bring entire sectors of the economy down with them....Rising cyber threats in the UAE and GCC are alarmingly high, with over 50,000 daily attacks causing significant financial and societal impacts.
High-profile attacks in the region have included notable incidents such as Aramco's ICS breach and multiple attacks on UAE's infrastructure.
