Social media platform X to shutter local operations in Brazil
Social media platform X, formerly Twitter, will shutter its local operations in Brazil following a bitter legal tussle over the...Business
Saudi Arabia submits official bid to host FIFA World Cup 2034 after successful Qatar event in 2022
The next steps include official visits by FIFA and a comprehensive evaluation of the bid.Arts & Culture Business Culture & Society Sports
UK’s Zencargo ventures into UAE, eyes MENA expansion
Abu Dhabi, UAE - The UAE Ministry of Economy has announced that Zencargo, a UK-based company with expertise in digital...The company plans to establish operations in the Emirates with a view to integrating into the UAE’s technology, trade and logistics ecosystem
Zencargo’s presence in the UAE follows the UAE’s Trade Tech initiative, which was launched in partnership with the World Economic Forum
Qatar real estate trading crosses $143m in August 27-31 2023
DOHA, QATAR - The volume of real estate trading in non-residential sales contracts at the Department of Real Estate Registration...The total sales contracts for residential units in the Real Estate Bulletin during August 27-31 reached US$75 million.
The real estate trading in sales contracts in the non-residential category during August 27-31 reached US$ 68 million.
$8.7 billion lawsuit in UK accuses Google of stifling competition
It accuses Google of breaching competition law by shutting out mobile search competition and using its market dominance to increase...The claim, filed with the UK Competition Appeal Tribunal, is seeking around £7 billion ($8.7 billion) in damages on behalf of effectively every consumer in the country
The lawsuit argues that Google abused its dominant position by tying its Search with other apps and services such as requiring smartphone manufacturers to pre-install Google Search
ENOC Group, Kawasaki renew partnership
The pact was signed through ENOC partner CKW Enterprises.The agreement grants Kawasaki access to ENOC Group’s advanced lubricants from top-tier mineral oils for regular bikes to fully synthetic oils designed for high-end bikes.
ENOC said the new products meet an array of standards including, API SP and JASO T903: 2023 MA-2, guaranteeing best-in-class oil thickening and wear protection.
Saudi crown prince says ready for economic partnership with BRICS
DUBAI, UAE – Saudi Arabian Crown Prince Mohammed bin Salman in a telephonic conversation with Russian President Vladimir Putin has...The Russian president and the Saudi crown prince discussed the outlook for BRICS expansion.
The two leaders reviewed cooperation between the two countries within the OPEC+ agreement framework.
Masdar, Africa50 sign MoU
The aim is to speed up clean energy transition in Africa.Masdar brings its technical expertise and extensive experience in emerging markets and will work with Africa50 to bridge the infrastructure funding gap.
Africa50 brings its skill in developing projects in the continent and which, combined with Masdar, can help unlock clean energy potential.
TAQA’s $1.5bn dual-tranche bonds listed on Abu Dhabi Exchange
Abu Dhabi, UAE -- Abu Dhabi National Energy Company (TAQA's) dual-tranche $1.5 billion bonds were listed on Abu Dhabi Securities...The five-year $500 million notes, maturing in 2029, were issued as conventional bonds with a 4.3 percent coupon.
The 10-year $1 billion tranche, maturing in 2033, was priced with a 4.6 percent coupon – with coupon payments being made to bondholders on a semi-annual basis.
EIH acquires stake in 9Yards Comm
The acquisition aims to broaden EIH's investment portfolio.EIH has cultivated a diversified, innovative and sustainable investment portfolio comprising over 40 successful companies across various sectors.
9Yards Communications has a broad client portfolio encompassing government entities and private organizations both domestically and internationally.
Tencent claims new AI chat bot skills comparable to ChatGPT
Tencent on Thursday gave a live demonstration of Hunyuan Aide's capabilities, with the bot introducing itself in response to questions...Tencent's "Hunyuan Aide", which it released to the public on Thursday, follows the similar ERNIE Bot rolled out by fellow Chinese company Baidu last month
Hunyuan Aide has "powerful Chinese language writing ability, the ability to make logical inferences in complicated linguistic contexts, Tencent said in a statement
ADNOC Gas signs US$450-550m Chinese supply deal
Abu Dhabi, UAE--ADNOC Gas today announced an agreement valued between $450 million and $550 million to supply Liquefied Natural Gas...ADNOC Gas CEO Ahmed Mohamed Alebri said that China continues to be a key market for the firm, and the deal reinforces "our role as a major LNG supplier"
Elary this year, the firm -- 90 percent-owned by state oil giant ADNOC -- also signed a three-year supply agreement with France's TotalEnergies Gas and Power
