Low-cost carrier Wizz Air to stop Abu Dhabi operations
Budapest, Hungary -- Hungarian low-cost airline Wizz Air said Monday that it would end its Abu Dhabi operations, which have...Business
Cricket’s Indian Premier League value surges to $18.5 bn: report
New Delhi, India -- The Indian Premier League's business value has been estimated at $18.5 billion with reigning champions Royal...Business
ENEC, X-energy sign agreement
The firms will collaborate on nuclear energy technologies.The MoU was signed at COP28 and comes in line with ENEC’s recently announced ADVANCE Program.
The central aim of ENEC’s ADVANCE program is to harness the latest advancements in nuclear energy technologies.
Bosch to cut 1,500 jobs
The firm said the cuts will be completed by the end of 2025.Bosch is facing major structural changes when it comes to transmissions as the shift to electromobility gathers pace.
The company stressed there would be no compulsory redundancies in the forthcoming cuts, in line with a recent agreement.
UAE green bonds and sukuk issuances touch US$4.20bn
According to Mohamed Ali Al Shorafa, Chairman of the SCA Board, the issuance of green bonds and Sukuk is one...The chairman of the SCA board applauded the UAE for its commitment to sustainability
He highlighted the SCA's decision to exempt companies wishing to list from registration fees
EasyLease buys 60% stake in Fully Charged
Fully Charged has expertise in EV charging technology.The move marks a significant step for EasyLease, reinforcing its presence in the sustainable mobility sector and establishing a role in the industry's development
A suite of services, covering home charger installations, corporate charging solutions, and reliable ongoing support, has been instrumental in the success of Fully Charged
TikTok announces online shop deal
Indonesia is TikTok's second-largest global market.Indonesia in September banned sales on social media to protect small businesses that were losing out to e-commerce giants
With 125 million users, Indonesia is TikTok's second-largest global market after the United States, according to company figures
Doha Forum debates advantages in Gulf-Europe green ties
Doha, Qatar-- Oil and gas producers in the Middle East are assessing "challenges and opportunities" available for their economies to...The discussion focused on opportunities for green cooperation between the Middle East and Europe, and the importance of enhancing the cooperation
The session highlighted opportunities this transformation provides for both regions, such as diversifying their economies and stimulating development cooperation
COP28 focused on achieving balanced package in negotiations: Majid Al Suwaidi
Dubai, UAE-- The COP28 Presidency is focused on achieving a balanced package in the negotiations, according to Ambassador Majid Al...Al Suwaidi said that food systems are very exposed to the effects of climate change, and "COP28 is proud to be elevating them to the highest level of discussions"
According to the COP28 director general, the global community has raised $2.5 billion to support the food-climate agenda during the World Climate Action Summit
Cloud security challenges haunt firms in UAE and KSA
Rapid cloud adoption in the two GCC countries is accompanied by increased security risks, leading to costly data breaches, reveals...Rapid cloud adoption in the two GCC countries is accompanied by increased security risks, leading to costly data breaches, reveals a latest study by Illumio.
Organizations have been advised to adopt robust security measures, including Zero Trust Segmentation, to protect against emerging cyber threats.
NDMC secures syndicated international loan worth $11bn
Riyadh, Saudi Arabia -- The National Debt Management Center (NDMC) completed the arrangement of a syndicated international loan worth $11...A total of 14 international financial institutions from Asia, the Middle East, Europe, and the US participated in the 10-year loan.
The success of this loan arrangement proves the Kingdom’s proactive trends to provide financing resources that achieve economic growth and diversification, NDMC said.
NEOM launches ‘Topian’ to ensure climate-proof agriculture in Saudi
NEOM, Saudi Arabia: NEOM, a mega-city project in Saudi Arabia characterized by futuristic urban planning and advanced technologies, Sunday announced the...Topian has been launched with the support of the Saudi Ministry of Environment, Water and Agriculture (MEWA).
Topian has signed numerous local and international strategic partnership agreements with organizations that share Topian’s commitment to reshaping the future of food.
