‘GCC set to dominate global cryptocurrency market’
“Oman is emerging as a standout in the regional crypto mining landscape, highlighted by its support of Exahertz, an Omani...Business Markets
Dubai approves rise in energy, water efficiency programs
DUBAI, UAE – Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 81st...Business Economy Energy Geostrategy
Middle East firms pay fortune for employee burnout
A TRENDS exclusive report takes a hard look at how tens of thousands of white-collar workers in Middle East are...It is estimated that businesses in the Middle East suffer a loss of $100 billion every year on account of mental health challenges due to lost working hours
It has also been found that only 15 percent of white-collar workers across the MENA region have access to professional mental health resources
Zeekr EVs coming to Israel as Chinese brand enters Middle East: Bloomberg
Dubai, UAE - Chinese electric vehicle brand Zeekr is set to make its debut in the Middle East as it...Zeekr, a subsidiary of Zhejiang Geely Holding Group, has partnered with Israeli distributor Union Group to establish a sales network for its vehicles
The Middle East, with its oil-rich countries seeking clean energy investments, has become an attractive market for Chinese EV manufacturers
Dubai Transport Authority’s digital channels record 10% jump in 2022 revenues
Dubai, UAE-- Dubai's Roads and Transport Authority (RTA) has reported a 10 percent increase in revenues for 2022 to $953...RTA reported 814 million digital transactions up from 676 million in 2021, a 20 percent growth rate, in addition to a 30 percent jump in the number of registered users
Mattar Al Tayer, Director-General of RTA, said that the company was going ahead with its digitization projects in order to increase its global competitiveness
DEWA’s 3D printing initiative saves over $137,000 in two years
Dubai, UAE - Dubai Electricity and Water Authority (DEWA) in the UAE has recently announced that its 3D printing efforts...The organization successfully produced over 1,800 spare parts for various divisions including generation, transmission, and distribution at its R&D centre
DEWA's R&D Centre at the Mohammed bin Rashid Al Maktoum Solar Park has already filed 23 patents, with six of them granted
EU, New Zealand ink deal to enhance trade by 30 percent in a decade
The European Union and New Zealand signed a free trade agreement which Brussels says can lift exchanges between the two...New Zealand Prime Minister Chris Hipkins said it "will generate substantive new economic opportunities. It's of huge benefit to both partners."
"New Zealand is a key partner for us in the Indo-Pacific region, and this free trade agreement will bring us even closer together," the EU chief said from Brussels.
Dubai to expand EV charging points by 170 percent till 2025
DUBAI, UAE- Dubai Electricity and Water Authority (DEWA) aims to grow the city’s network of public charging stations by 170...Dubai Electricity and Water Authority aims to grow the city’s network of public charging stations by 170 percent in less than three years.
The emirate’s Clean Energy Strategy 2050 and Net Zero Carbon Emissions Strategy 2050 seek to generate 100 percent of its power from clean energy sources by 2050.
UAE says 79,000 Emiratis working in private sector
DUBAI, UAE -Â Around 79,000 UAE nationals are working in the private sector, the Ministry of Human Resources and Emiratization...These figures mark a 57 percent increase compared to the end of 2022 figures, where 50,228 UAE nationals were employed in the private sector.
Nearly 17,000 private sector firms employ UAE citizens as of July 7, which was the last day for companies to achieve their semi-annual Emiratisation targets.
Dubai’s RTA digital channels generate revenue of US$953m in 2022
DUBAI, UAE - Director-General and Chairman of the Board of Executive Directors of Dubai’s Roads and Transport Authority Mattar Al...RTA launched a feature that allows users to instantly access their vehicle registration cards for virtual displays upon request.
In 2022 RTA recorded 814 million digital transactions up from 676 million in 2021, reflecting a robust growth rate of 20 percent.
French startup bets on kitesurf to blow away shipping pollution
The shipping sector is under fresh pressure to reduce its reliance on fossil fuels as the International Maritime Organization sealed...In kitesurfing, riders use their hands to control the kite. But on Parlier's SeaKite catamaran, an automated traction system and AI adapts the sail's position to wind conditions.
The goal is to design much bigger kite sails that could one day pull yachts, trawlers and even container ships.
Global trade in commodities to expand by 1.3% annually: FAO-OECD report
Paris, France--Global trade in agricultural commodities is projected to expand by 1.3 percent annually - half the pace recorded in...The FAO and OECD report said maize, wheat and soybeans contributed the most to the overall agricultural trade growth in the past decade
South and Southeast Asia’s net imports, after becoming a net importer of agricultural commodities in recent years, are projected to rise further
