Nvidia’s forecast dampens AI enthusiasm in other tech stocks
Shares of Nvidia and other technology heavyweights fell late on Wednesday, a discouraging sign for investors betting that a strong...Business
Asia shares edge up and dollar down; oil gains
Asian shares crept cautiously higher on Monday, while the dollar and bond yields were on the wane ahead of inflation...Business Economy
GA-ASI partners with EDGE
The pact is aimed at integrating smart weapons into MQ-9B.The partnership marks the first time that UAE-made smart weapons will be integrated into a US unmanned platform.
The EDGE smart weapons designated for integration include the DESERT STING family of GGWs and THUNDER family of cost-effective PGMs from HALCON.
Sharjah records real estate transactions worth US$980m in October 2023
SHARJAH, UAE – A total of 3,798 transactions were conducted here in October 2023 across various regions of the emirate,...This reflects a substantial increase compared to September's real estate activity, where the trade volume reached $544 million.
The report underscored the confidence of clients in the emirate's real estate sector and its capacity to attract investors.
Dubai Taxi to sell 624 million shares in IPO, plans to list on DFM
Dubai, UAE -- Dubai Taxi Company Monday announced its intention to proceed with an Initial Public Offering (IPO) and to...The offering, representing 24.99 percent of Dubai Taxi Company's total issued share capital.
The share capital of the company, as at the date of the listing, has been set at AED100 million divided into 2.5 billion shares paid-in-full,
ADNOC L&S reports 162% rise in profit
The company also reported an EBITDA of $635 million.The company also reported an EBITDA of $635 million (AED2,332 million), marking a substantial 124% year-on-year increase
The third quarter of 2023 specifically contributed to the positive financial performance, with a 30% year-on-year increase in revenue
Insect farming ‘revolutionizes’ Gulf agriculture
Across the arid region, in which conventional agriculture is beset by many challenges, insect farming for livestock feed is perceived...Many experts feel insect farming as against livestock farming emits fewer greenhouse emissions and uses fewer natural resources like water and feed
The region, however, with its unique climatic conditions and inadequate water supply, poses many hurdles for sustainable insect cultivation
Emiratization: CBUAE to provide financial sector job opportunities
Abu Dhabi, UAE - The CBUAE will provide UAE nationals with job opportunities across various banking and insurance specializations in...The central bank will leverage the platform to educate attendants of its regulatory and supervisory role and financial inclusion efforts
The CBUAE Youth Council will also showcase its initiatives to enhance the role of the youth in the financial sector
Blockchain enhances efficiency, security in aviation
Despite facing challenges like regulatory compliance and interoperability, blockchain promises to revolutionize airline operations, offering improved passenger experiences.Despite facing challenges like regulatory compliance and interoperability, blockchain promises to revolutionize airline operations, offering improved passenger experiences.
Blockchain technology is revolutionizing aviation with enhanced transparency, security, and operational efficiency, promising significant cost savings, says Aerobloc's founder.
Reforms accelerate positive gender equality in MENA
"We are working towards creating a more balanced environment where women can succeed alongside men in overcoming future challenges. There...Sheikha Hessa Saad Al-Abdullah Al-Sabah, Chairwoman of the Council of Arab Businesswomen, emphasized the need for women's economic empowerment and increased opportunities
Sheikha Hessa highlights the importance of collaboration for achieving workplace gender equality and the role of women in achieving the UN's 2030 Sustainable Development Goals.
Dubai Airshow 2023 to see 1,400 exhibitors from 95 countries
DUBAI, UAE – The biggest edition of the Dubai Airshow, a significant global event for the aerospace, space and defense...More than 1,400 exhibitors from 95 countries and over 300 international speakers will gather at the at Dubai World Central.
Dubai Airshow 2023 is also set to welcome leading and new airlines from across the globe, ready to showcase new concepts to the industry.
Request for qualification issued for 3700MW Saudi solar projects
Riyadh, Saudi Arabia -- The Saudi Power Procurement Company (SPPC) has released request for qualification (RFQ) for the fifth round...The request for qualification has been released for the fifth round of solar projects under the National Renewable Energy Program.
The combined capacity of Round 5 projects is approximately 3700 MW. These include the 2000 MW Al Sadawi IPP to be located in the Eastern province.
