UAE’s Etihad finds ‘no issues’ with engines of A350 fleet: statement
Rolls-Royce said on Thursday it was launching "a one-time precautionary engine inspection programme" which may apply "to a portion of...Business
Durov: Father of 100 children is a mysterious and controversial Telegram founder
Paris, France - Russian-born tech entrepreneur Pavel Durov has founded wildly popular social networks, cryptocurrencies, amassed a multi-billion-dollar fortune and locked...Business
YouTube announces new AI products for content creation with focus on MENA
New York, United States - YouTube has unveiled a suite of innovative AI-powered tools aimed at revolutionizing the world of...The AI-driven capabilities promise to unleash new avenues of creative expression, simplify the content creation, and extend the reach of YouTube creators
YouTube is also rolling out "Aloud," an AI-powered dubbing tool aimed at enabling creators to reach audiences beyond their primary language
Yahsat bags $5.1 bn satellite capacity contract from UAE govt
Dubai, UAE - Yahsat Government Solutions (YGS), the government services arm of Yahsat has been awarded $5.1 billion satellite capacity...The development reinforces Yahsat's long-standing partnership with the UAE Government, extending back nearly two decades since the company's inception
The contract boosts the Group's contracted future revenues to AED 25.7 billion (USD 7.0 billion), providing financial stability and visibility well into the future
In war-scarred Iraqi city, food business gives women independence
Only slightly more than 10 percent of Iraq's 13 million women of working age are in the job market, according...Abir Jassem is now one of some 30 employees of "Taste of Mosul", which celebrates local delicacies and was founded in 2017 after northern Iraqi metropolis was liberated from IS
Launched with just two cooks, the initiative has since grown and most of the workers -- cooks as well as two deliverywomen -- are widowed or divorced
Cybersecurity vital for UAE’s banking, customer trust
"The banking and financial sector, being a prime target for cybercriminals, necessitates evolving solutions and strategies for protection. Regulatory compliance...Cybersecurity is paramount to the banking sector, a crucial driver of the global economy, says UAE Banks Federation Director-General Jamal Saleh
The digital age has transformed financial transactions and asset management, making the protection of our financial systems essential, he adds
Cash transactions dominate Dubai’s property market
This trend, driven by affluent investors and global rate hikes, underscores the city's robust economic allure and the confidence investors...This trend, driven by affluent investors and global rate hikes, underscores the city's robust economic allure and the confidence investors place in its property market
Dubai's elite neighborhoods see a 49% annual growth in prime values, with current cash purchase rates at historic highs, surpassing even pre-2008-09 levels
MODON inks $133 m pact
The pact will help manufacture vaccines in Saudi Arabia.MODON and Vaccine Industrial Company will set up a joint venture factory in Sadeer City to strengthen the pharmaceutical security system.
It is in line with MODON's strategy to create an integrated industrial and investment community to attract national and foreign investor partners.
First Saudi horror movie ‘Cello’ screened at cinemas across the Kingdom
RIYADH, SAUDI ARABIA - Saudi cinemas began the screening of the horror and thriller movie Cello, with global participation of...Al Al-Sheikh, the writer of the movie, announced that the film achieved the largest opening in the history of Saudi cinema with total of 53,103 tickets sold.
He said that the movie's stars are Saudis, Gulf, Arabs and international actors, stressing that 60 percent of the cast are from the Kingdom.
ITFC collaborates with Turk Eximbank for providing joint loan of US$277m
JEDDAH, SAUDI ARABIA - The International Islamic Trade Finance Corporation (ITFC), which is a member of the Islamic Development Bank,...This collaboration aims to enhance trade volume among the member states of the Organization of Islamic Cooperation.
The loan aims to support the development of small and medium enterprises' exports as well as private sector companies in Turkey.
Aramco, Cenomi see 4 negotiated deals
The $32.81 million deals were registered by Tadawul.A negotiated deal involves a stock purchase based on a bargain between buyers and sellers, apart from the market price.
The negotiated deal does not directly impact the last deal price, highest/lowest stock price and opening/closing price.
Ajman’s exports rise 19 percent in H1 2023
AJMAN, UAE – The Ajman Chamber of Commerce and Industry (ACCI) has revealed that the volume of exports from the...Ajman’s total exports reached US$1.2 billion in H1 2023, compared to US$1.1 billion during the same period in 2022.
Ships and boats topped the list of exported products, followed by mineral oils, fish and steel products.
