Countries where the X social network is banned and why
Paris, France - With its ban of X, which went into effect on Saturday, Brazil joins a small club of countries...Business
Chinese EV company Xpeng shares up 6% post mass-market car launch
Xpeng shares rose after the Chinese electric car company launched its new mass-market Mona brand on Tuesday with prices starting...Business
Salik records $138m in Q3 revenue
This is the toll operator's highest Q3 revenue since 2007.The 14.6 percent year-on-year revenue growth was supported by a strong growth in tourism and residency.
Salik reported a net profit of AED255 million during the third quarter of 2023, up 5.3 percent against the prior year.
Sustainability in style: UAE’s couture goes green
The UAE is shifting from Western influences to eco-friendly practices in its apparel market. 2023 marks the nation's commitment to...In the UAE, environmentally friendly, competitively priced, stylish, and high-quality products are increasingly being offered by brands
They use organic cotton and other environmentally friendly materials like bamboo, hemp, and recycled polyester
Al Ghurair to use Oracle solution
This will help HR teams improve business operations.Through this strategic collaboration, Al Ghurair seeks to empower its employees through self-service capabilities.
Oracle Cloud HCM transforms the traditional functions of HR departments such as recruiting, training, payroll.
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.
