China’s robot makers chase Tesla to deliver humanoid workers
Beijing, China - China dominates the market for electric vehicles. Now it's chasing in the race to build battery-powered humanoids...Business
West tells Iran to ‘stand down’ Israel attack threats; Tehran says ‘no way’
With tensions soaring in the Middle East, the United States says that Iran along with its proxies might attack Israel...Business Economy Geostrategy
RSI buys stake in First Fix
The company acquires 51 percent stake in First Fix.The selling shareholders will receive a deferred sum of US$78.4 million upon the fulfilment of certain relevant conditions.
Red Sea International will have the option to capitalize debt through the issuance of additional shares in First Fix.
Ducab bags 30 major contracts
The contracts were secured in the oil, gas and petrochemical sector.The company said it had produced and supplied more than 10 billion meters of cable products in 2023 alone.
The company will be showcasing its advanced range of PetroBICC cables at ADIPEC.
Global economic concerns hit GCC equity performance
Influenced by global inflation concerns and high rates, Gulf markets faced second consecutive monthly dip in September. Only Dubai and...Gulf equity markets experienced a downturn for the second consecutive month in September 2023, reflecting global economic concerns
While major indices like the MSCI World Index and the S&P 500 saw declines, only Dubai and Qatari markets managed to post gains
Abu Dhabi’s non-oil economy up by 12.3 percent in second quarter
Statistical estimates published by the Statistical Centre Abu Dhabi said the construction sector grew by 19.1 percent in the second...The manufacturing activity grew by 7 percent compared to the same period last year, with the sector recording its highest quarterly value-added since 2014.
Abu Dhabi's financial sector recorded a robust growth of nearly 30 percent, also its highest growth rate since 2014.
Saudi Arabia issues 162 licenses to companies relocating hqrs to the Kingdom
Riyadh, Saudi Arabia - Saudi Arabia has so far issued 162 regional center licenses to the companies relocating their headquarters...The headquarters will operate in strict accordance with Saudi laws, providing crucial support, management, and strategic direction to their branches
The Ministry of Investment has enacted a mechanism to offer premium residency status to executives working within these regional headquarters
Iran foreign trade posts 4.84% jump to US$54.6bn in last six months
Tehran, Iran-- Iran's foreign trade has registered a 4.84 percent jump to $54.6 billion between March and September this year.According...The exports posted a 29 percent increase in weight and 2.6 percent decline in value compared to last year’s corresponding period
Some 17.6m tons of goods, valued at $30.4bn, were imported into the country in the first half of the current Iranian calendar year
Ubisoft banks on a reset with latest ‘Assassin’s Creed’
The latest entry in the wildly popular "Assassin" franchise is released Thursday, to be followed in December by a game...The latest entry in the wildly popular "Assassin" franchise is released Thursday, to be followed in December by a game based on the hit "Avatar" films
Taking no chances, the group is launching "Mirage", set in ninth-century Baghdad, at 50 euros ($53) instead of the 70 euros often set for new titles
Trump business empire under threat as fraud trial opens
Donald Trump intends to be present for the start of the trial on Monday morning as a civil fraud trial...Trump, in addition to the civil case, also faces several major criminal proceedings in the months ahead
His children Eric, Don Jr. and his oldest daughter Ivanka are also likely to present their own testimony
Dubai Chamber of Digital Economy to host global tech firms at Expand North Star
Dubai, UAE--Dubai Chamber of Digital Economy is all set to welcome the global business community to Expand North Star, the...The participants will assemble at Dubai Harbour from 15th - 18th October 2023, connecting the world's most sought-after startups with innovators and investors
The event will host more than 1,800 startup exhibitors from over 100 countries and nearly 1,000 investors with a combined total of over US$1 trillion under management
Libya and Italy sign MoU to boost cooperation in civil aviation
Tripoli, Libya--Libya and Italy have signed an agreement to enhance cooperation to enable air transport companies to operate charter and...In September, a Rome-bound aircraft departed from Tripoli restarting flights to Italy after a nearly decade-long suspension due to an EU ban
The agreement looks to boost cooperation between air transport companies to operate charter and regular flights between the two countries
