Five destinations in first phase of operations.
- The region is a mosaic of digital ambitions where distinct national strategies are unfolding simultaneously. While the UAE accelerates its...
Dubai, UAE -- Dubai Islamic Bank (DIB) has announced the successful completion of a landmark US$1 billion syndicated term-finance facility...The five-year facility is an innovative transaction, partially guaranteed by a Policy-Based Guarantee (PBG) from the Asian Development Bank (ADB).
DIB acted as the Sole Islamic Global Coordinator and alongside Standard Chartered also served as the Joint Mandated Lead Arranger and Bookrunner.
Algiers, Algeria - Algeria's state-run hydrocarbon company Sonatrach and the Italian energy company Eni on Monday signed a production sharing...The 30-year contract covers the exploration and exploitation of hydrocarbons in the Zemoul El Kbar contract area, in the Berkine Basin, 300 km east of Hassi Messaoud
The total investments planned for exploration and exploitation in this area are approximately $1.35 billion, including $110 million allocated to research and exploration
Riyadh, Saudi Arabia -- On the World Chocolate Day, Saudi Arabia's Ministry of Commerce announced that the total number of...Riyadh leads the Kingdom in chocolate manufacturing, boasting 1,490 commercial records.
Saudi Arabia is the region’s biggest market for chocolates and, in 2024, the Kingdom imported a whopping 123 million kg of chocolate.
- Smolyan, Bulgaria -- At a prison nestled deep in Bulgaria's southern Rhodope mountains, Georgi Filyanov stirs a large tank of...
From tending to herds of goats and cows, to making white cheese, prisoners are involved throughout the entire process.
Coveted by cheese lovers and often sold out at specialty stores outside prison, production has not been able to keep up with demand.
Los Banos, United States -- Oblivious to the punishing midday heat, a wheeled robot powered by the sun and infused...As farms across the US face a shortage of laborers and weeds grow resistant to herbicides, startup Aigen says its robotic solution -- named Element -- can save farmers money.
Element the robot resembles a large table on wheels, solar panels on top. Metal arms equipped with small blades reach down to hoe between crop plants.
This is the highest Abu Dhabi real-estate release to date.The strong interest in Wadeem is testament to individual and investor confidence in our capabilities, said Bill O’Regan, Group CEO of Modon Holding.
The launch reinforces Hudayriyat’s position among Abu Dhabi’s most desirable residential destinations, said Ibrahim Al Maghribi, CEO of Modon Real Estate.
Tokyo, Japan -- Japan will from January attempt to extract rare earth minerals from the ocean floor in the deepest...Earlier this week the country pledged to work with the United States, India and Australia to ensure a stable supply of critical minerals.
Rare earths -- 17 metals difficult to extract from the Earth's crust -- are used in everything from electric vehicles to hard drives, wind turbines and missiles.
San Francisco, United States -- Microsoft on Wednesday said it was slashing a little less than four percent of its...The cloud computing tech giant did not disclose the total amount of lost jobs but as of June 2024 it employed 228,000 people, bringing the latest layoffs to about 9,000 people.
The job cuts follow a round in May that saw about 6,000 positions culled from its global workforce.
- Shares rally after the disclosure, better than some forecasts.
The sales figures released Wednesday, which are global, reflect the more contested nature of the EV market, which Tesla once dominated.
Musk's political activism on behalf of right-wing figures has also made the company a target of boycotts and demonstrations, weighing on sales.
- Seville, Spain -- Countries including France, Kenya, Barbados and Spain on Monday launched a coalition to push for taxes on...
The coalition said it would work to increase the number of countries taxing plane tickets, including business-class travel, and private jets.
Greenpeace welcomed an "important step" to raise more money from "the most elite and polluting form of travel", which has remained "undertaxed".
