Japan plans ‘world first’ deep-sea mineral extraction from Jan
Tokyo, Japan -- Japan will from January attempt to extract rare earth minerals from the ocean floor in the deepest...Technology Business Geostrategy
TomTom cuts 300 jobs
The firm said it was realigning its organization as it embraces AI.Company News Business
Dubai records weeklong real estate deals worth $2.45 billion
Dubai, UAE -- A total of1,852 real estate transactions valued at more than AED 9 billion ($2.45 billion) were conducted...The DLD weekly report said that 384 plots were sold for AED 2.54 billion, 1,468 apartments and villas were sold for AED 3.38 billion.
A total of 139 properties were granted between first-degree relatives worth AED507 million.
Jeddah Program named cultural destination of FIFA Club World Cup
Riyadh, Saudi Arabia -- The Historic Jeddah Program has secured sponsorship rights as the official cultural destination and main supporter...This prestigious tournament will be hosted in Jeddah from December 12 to 22, 2023, marking the first time it will be held in the Kingdom.
The program's sponsorship of this tournament is part of its efforts to showcase the historic Jeddah region, a UNESCO World Heritage Site.
8 pacts on trade, investment inked in Saudi-Algerian Business Forum
RIYADH, SAUDI ARABIA - The Saudi-Algerian Business Forum concluded its activities with the two countries signing eight agreements aiming at...The agreements cover trade, investment, information technology, business incubators and accelerators, tourism services, elevators, and spare parts.
The pacts were signed by the Federation of Saudi Chambers, the Council for Algerian Economic Renewal and several Saudi and Algerian firms.
Nissan invests in new electric cars
Japanese auto giant Nissan will invest up to £1.12 billion.Nissan will plough the cash into electric versions of its Juke and Qashqai models in Sunderland, which is its largest factory in Europe and employs around 6,000 people
The news will spark further investment in infrastructure projects and the broader supply chain which could bring the total investment up to £2 billion
$9.9bn transport investments boost Qatar’s logistics efficiency
Dubai, UAE -- Qatar Chamber has underscored Qatar's significant strides in the transport sector, positioning the nation as a formidable...With over 2 billion people residing within 3000 kilometers range of Qatar, the country boasts easy access to Hamad International Airport and the globally acclaimed Hamad Port
Hamad Port, with over 15 direct shipping lines connecting to 40 ports across three continents, has an annual capacity of 7 million tons.
Saudi oil and non-oil exports fall by above 17 percent in Sept
Dubai, UAE -- Saudi Arabia’s oil exports fell by 17.1 percent (SAR 17.2 billion or $4.58 billion) in September, mainly...The share of oil exports in total exports increased from 80 percent in September 2022 to 80.1 percent in September 2023.
Imports also decreased compared to August 2023 by SAR 9.6 billion or 13.7 percent, according to data by GASTAT.
EDGE signs MoU with MBRSC
The pact sets up a framework for knowledge, data sharingThe agreement exemplifies the strength of local partnerships in the UAE.
It underlines EDGE's commitment to expand its expertise into the space sector.
Solutions+, EIH sign MoU
The pact will help in creating job opportunities in the UAE.The pact outlines a strategic cooperation that contributes to supporting and developing closer ties between the two companies.
The agreement will help improve efficiency in Business Process Outsourcing, Digital Management and Facility Management.
EGA begins work on pilot plant to convert bauxite residue into manufactured soil
ABU DHABI, UAE – Emirates Global Aluminum (EGA) on Thursday announced the construction of a pilot plant to convert bauxite...The pilot plant will use technology to neutralise caustic bauxite residue into an environmentally benign raw material in hours.
This optimised bauxite residue is the main ingredient for the manufactured soil, which EGA calls turba.
Masdar City completes first net-zero energy commercial building in region
ABU DHABI, UAE - Masdar City, a sustainable urban community and a business and technology hub here, has just completed...NZ1 is designed to consume 53 percent less energy than an equivalent conventional building.
Solar panels will generate 101 percent of the building’s annual energy needs, making it net-zero energy.
