Cybersecurity in 2024: From talent shortages to resilience against emerging tech risks
In 2024, cybersecurity remained central, addressing skill gaps and the impact of generative AI. A Strategic Cybersecurity Talent Framework offered...Business Economy Uncategorized
Step into the future of sustainable smart city development
Pavegen, a global kinetic energy company, unveiled its innovative “Solar+” tile in Dubai. This tile harnesses the power of movement,...Business
$15m paid in compensation to passengers in 2021-22 in Saudi Arabia, says GACA
RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) said that national airlines in the Kingdom have issued...These compensations were given primarily to deal with issues such as delays, loss of luggage, flight cancellations.
GACA aims to ensure that passengers are well-informed about their rights and can easily obtain refunds as per the regulations.
Erdogan invites Musk to establish his next Tesla factory in Turkey
"President Erdogan called on Tesla to establish its seventh factory in Turkey," the Turkish leader's office said.Erdogan and Musk have held a series of meetings, developing a seeming friendship that they extended on Sunday in New York.
Local reports said said Musk told Erdogan that his country was "among the most important candidates" for the new factory
Aramco, IHC among biggest companies in Middle East
Energy, banking and financial services, and industrial sector companies are among the largest in the Middle East, especially the Gulf...High representation of these sectors is due to the region's rich oil and gas reserves and its growing population and economies.
The Middle East is also home to a number of other significant industries, such as tourism, healthcare, and education.
DAE closes $1.6 billion loan
DAE said this is the company's largest ever loan facility.The facility enabled DAE to tap the Islamic banking liquidity and consolidate its existing banking relationships in the Middle East, Asia, North America, and Europe, it said.
Proceeds from the facilities will support the future financing needs of the business and refinance a maturing credit facility.
EIH buys stake in Al Ain Pharmacy
Move aligns with EIH's aim to diversify sources of investment.The acquisition is vital for EIH as it seeks to strengthen its investment in healthcare through its subsidiary Health Plus Holding.
The move will help provide additional and sustainable value to investors and achieve the maximum return on investment.
Shares in Chinese property giant Evergrande plunge after employees’ arrest
Evergrande, the world's most-indebted property developer with an estimated debt of $328 billion (307 billion euros) at the end of...Evergrande's stock price dipped to 0.47 around 9 am in Hong Kong (0100 GMT) on Monday, before ticking back up, after closing at 0.62 Hong Kong dollars on Friday
The drop comes two days after police of the Shenzhen said in a statement that several employees of Evergrande's financial subsidiary were arrested
QOIS inks share purchase, swap deal
QOIS is a Qatari public shareholding company.QOIS purchased the shares of the National Real Estate Development and Investment (OSOS) in Muzn Oman, for $1,984,318
QOIS then exchanged its share in Muzn Oman of 37.68 percent, for the 10 percent share of Omani Ministry of Defense Pension Funds in OSOS
Emirates Health Services to adopt AI technology to boost hospital care services
Dubai, UAE-- Emirates Health Services will employ AI technology in the application of patient room monitoring system to further enhance...The partnership will leverage generative AI and implement the care.ai system across EHS healthcare facilities
It will monitor the mental well-being of the patients, as well as help prevent and control infections and assess hygiene conditions
Russian and Asian millionaires drive Dubai realty boom
Cryptocurrency magnates, Asian bankers, wealthy Russians, and government reforms are playing a crucial role in solidifying Dubai's global real estate...Cryptocurrency magnates, Asian bankers, wealthy Russians, and government reforms, are solidifying Dubai global real estate prominence, says a report
Dubai promises investors a 7.34% return on apartments, benefiting from a US dollar-UAE dirham peg and no rental tax, outpacing London's 4.18% return
Realty sector’s success hinges on GDP growth
The kingdom’s Minister of Housing, Majid Al-Hogail recently said that Gulf country's residential real estate finance is expected to exceed...Saudi Arabia has unveiled the MENA region's inaugural real estate stock exchange, marking a transformative moment for property trade in the Kingdom.
The Kingdom's residential real estate finance is expected to exceed 1.2 million contracts with a value of SR600 billion ($162 billion) by 2030.
