‘Authenticity, experiences, culture, generational and solo travel to lead tourism trends’
Visit Saudi, experience the warmth, generosity and hospitality of the people, Jerry Inzerillo tells TRENDS in an exclusive interview.Business Economy Tourism
Lithium-sulfur batteries will transform energy storage, says Lyten’s Horvath
Lyten, a Silicon Valley-based company, is revolutionizing the energy storage market with its groundbreaking lithium-sulfur battery technology. These batteries offer...Technology Business Economy
UBS reports lower net profit in 2023
The Swiss government pushed it to buy Credit Suisse last year.UBS had reported a $29 billion annual profit in February due to the difference between the value of the assets obtained in the Credit Suisse dea
In its annual results published on Thursday, UBS said the fair-value estimate has been adjusted by $1.2 billion, decreasing the "negative goodwill" to $27.7 billion
China’s Xiaomi to enter EV market
China's EV sector has grown rapidly in recent years.Xiaomi CEO Lei Jun has promised that the SU7 EV will be "the best-looking, best-driving and smartest car" costing under $69,200
Xiaomi is the world's third-biggest smartphone maker, and its experience in that sector has helped shape its EV strategy
Aramco CEO terms energy transition strategy a failure
Speaking at the CERAWeek conference in Houston, Saudi Aramco Chief Executive Amin Nasser said that the current transition strategy is...ExxonMobil Chief Executive said "we're not on the path" to reaching net zero emissions by 2050
In November last year, COP28 conference included a call for a transition away from fossil fuels
Abu Dhabi Chamber and UAEIIC team up to boost investment
Abu Dhabi, UAE--The Abu Dhabi Chamber of Commerce and Industry has signed an agreement with the UAE International Investors Council...The two entities will ensure the growth of investments in the region and across the world to promote Abu Dhabi as an investment destination
They will work together to assess growth opportunities in strategic priority markets, provide consultations, and share studies and information
Saudi Arabia weighs handing state airline Saudia over to PIF
Riyadh, Saudi Arabia - Saudi Arabia is considering transferring ownership of its national carrier, Saudia, to the sovereign wealth fund,...Bloomberg initially reported the discussions regarding PIF's potential acquisition of Saudia
Currently, PIF already holds ownership of Riyadh Air, the kingdom's upcoming airline
Investcorp Capital names new CFO
Rohit Nanda, the new CFO, will take up his new job next month.Nanda before his new appointment was the head of Operations and head of Investment Structuring and Business Support, Asia, at Investcorp
He is a chartered accountant, holding a master's degree in science with a specialization in finance from the London School of Economics
GenAI set to bridge cybersecurity skills gap by 2028
As GenAI narrows cybersecurity skills gap, organizations will prioritize aptitude over specialized education, adapting hiring practices to meet demands of...As GenAI narrows cybersecurity skills gap, organizations will prioritize aptitude over specialized education, adapting hiring practices to meet demands of emerging technologies.
With malinformation costs set to exceed $500bn, businesses must invest in anti-malinformation programs and leverage chaos engineering to figh against evolving cyber threats.
Yen plunges to 34-year low, mixed results for equity markets
Hong Kong, China - The yen plunged Wednesday to a 34-year low against the dollar after a top Bank of Japan...The fall raised speculation that authorities would step into markets to support the currency after officials warned in recent days against speculation
The weaker yen helped spur a rally in the Nikkei as exporters benefited, making the index the region's best performer
Lapita sees surge in leisure and wedding bookings in 2023
Dubai, UAE--Lapita, Dubai Parks and Resorts, has reported a surge in demand, bookings from across leisure and corporate segment last...The company saw a noticeable uplift in interest in corporate customers, wedding bookings, and leisure bookings across 2023
It also hosted over 35 wedding ceremonies and receptions as well as birthdays, with the resort providing the perfect backdrop
Qatar looks to boost tourism sector by streamlining regulations
Doha, Qatar-- Qatar is looking to develop "plans and strategies" to streamline procedures and regulations in order to solve solve...Chairman of Qatar Tourism Saad bin Ali bin Saad Al Kharji said Qatari tourism sector has witnessed significant development in recent years
Al Kharji said that it is one of the main pillars of the state's strategy for economic diversification under the Qatar National Vision 2030
