Heathrow to resume some flights after power station fire
London's Heathrow Airport said it would resume "some flights" later Friday after a fire at a power station grounded planes...Business
Dar Alarkan 2024 profit up 32%
The company's net profit increased by 81.5 percent in Q4 2024.Company News Business
Dubai receives 3.67 million visitors in first two months of 2024
Dubai, UAE--Dubai received 3.67 million overnight visitors in January-February 2024, with an increase of over 18 percent year-on-year (YoY), figures...The emirate recorded 1.77 million international visitors in January, and 1.9 million in February, according to Dubai Department of Economy and Tourism
Europe led the list with 773,000 tourists, South Asia came in second with 604,000 visitors, followed by Gulf Cooperation Council countries with 549,000
UAE stocks see US$1.7bn inflow, IHC, Emaar lead
ABU DHABI, UAE- The UAE stock markets attracted liquidity of nearly AED6.5 billion during the week's trading, with the focus...The weekly liquidity in the Abu Dhabi market was US$1.2 billion (AED4.57 billion).
The weekly liquidity in the in the Dubai market was US$517 million (AED1.9 billion).
Abu Dhabi’s private sector grows by over 35 percent in 2023
ABU DHABI, UAE – The Abu Dhabi Department of Economic Development (ADDED) organized, in collaboration with Abu Dhabi Investment Office...Al Multaqa Meetings empower Abu Dhabi to accelerate economic growth, by providing a platform to support investment.
Supported by private sector and family-owned businesses, Abu Dhabi’s non-oil sectors is going from strength to strength.
CBI, zypl.ai ink partnership
The pact aligns with CBI’s plan to support innovation in UAE.CBI, zypl.ai partnership signifies a strategic entry into using AI implementation for advanced credit scoring.
CBI plans to further enhance operational efficiencies to ensure a swift and seamless lending experience.
Samsung expects 10-fold jump in Q1 profit
It expects operating profits to jump to US$4.89bn.The company expects January-March operating profits to climb 931.3 percent to $4.89 billion
The South Korean firm is expected to release its final earnings report at the end of this month
Electric cars credited with lower CO2 emissions in US neighborhoods
LOS ANGELES, US – The booming use of electric vehicles in parts of California is reducing CO2 emissions in those areas,...Scientists at the University of California, Berkeley, say a network of sensors has logged a small drop in the volume of carbon dioxide.
Carbon dioxide is one of the main contributors to global warming, the human-caused phenomenon of rising temperatures.
Britain expands investigation into Vodafone-Three UK merger
London, United Kingdom - Britain's competition regulator deepened Thursday its probe into Vodafone's planned merger of British mobile phone operations with...The watchdog had warned last month that the deal could have a "substantial" impact on competition and may lead to higher prices and also reduced quality for consumers.
The merger, if approved, will vault the combined operations above the country's two largest mobile operators BT EE and Virgin Media O2 in terms of customer numbers.
ahli islamic introduces Sharia-compliant Money Market Fund
MUSCAT, OMAN – As part of its investment solutions and Sharia-compliant products and services, ahli islamic, ahlibank’s Islamic banking window,...ahli islamic customers now have the opportunity to invest and gain exposure to attractive local and regional profit rates.
With its lucrative returns, the new Islamic Money Market Fund is for those seeking Sharia-compliant investments.
RAKBANK, DP World sign pact
The aim is to offer trade finance solutions to businesses in UAE.This strategic partnership leverages DP World's extensive trade network and real-time data insights.
It empowers RAKBANK with enhanced risk assessment capabilities and streamlined access to financing.
Apple explores making personal robots
It is working on a robot that may be helpful to people.Apple is reported to have transferred employees from the shuttered car division to generative artificial intelligence projects
The robot project is being overseen by Apple’s hardware engineering division and its AI and machine learning group
