Ford to pay US$365m in US tariff fraud case
It will settle a civil suit linked to the disguising of imported vans.Business
Bitcoin hits fresh record above $72,000
Bitcoin hit a fresh record above $72,000 on Monday as demand for the cryptocurrency picks up amid optimism that the...Business
Ajman hotels posts 3% increase in revenues in Q1 2023
AJMAN, UAE - Ajman hotels and serviced apartments recorded a three percent growth in hotel revenues in the first quarter...Ajman tourism is looking for new ways to collaborate with local and international partners to advance the tourism sector by attracting new investments.
The emirate of Ajman hosts 44 hotel establishments ranging from 1-star to 5-star hotels, resorts and luxury hotel apartments with 3,997 hotel rooms.
Travel industry looks to Chinese tourists to cap post-Covid rebound
Jet makers, airline executives and hotel tycoons at this week's Qatar Economic Forum spoke of an apparently insatiable demand for...William Ellwood Heinecke, the owner of the Minor International hospitality group, said that in Q1 2023 the number of Chinese tourists in Thailand was 85% lesser than in 2019.
"I think we are definitely in rebound, but more importantly we haven't seen China come back yet," he said, predicting the boom would be completed in the second half.
Transporters in UAE asked to register in e-tracking system by Oct 30
Abu Dhabi, UAE -- UAE's Federal Authority for Identity, Citizenship, Customs & Port Security has asked transporters in the Emirates...Those who fail to register by this date will be fined AED1,000 for the first month, and AED100 for each subsequent month, with a maximum of AED5,000.
The registration in the system shall be carried out by the target groups, through the license holder or his legal representative.
Musk secures approval for direct brain-computer interface technology
Neuralink said clearance from the US Food and Drug Administration (FDA) for its first in-human clinical study is "an important...The aim of Neuralink implants is to enable human brains to communicate directly with computers, the Tesla boss said
Elon Musk said the company would try to use the implants to restore vision and mobility in humans who had lost such abilities
DP World cut global carbon emission by 5% in 2022
Dubai, UAE - DP World cut direct carbon emissions from its global operations by 5 percent last year, according to...The ESG report, published Thursday, has been developed in accordance with the latest Global Reporting Initiative (GRI) Standards
DP World has already committed to becoming carbon neutral by 2040 and net zero carbon by 2050 in line with the UAE’s 2050 net zero
Saudi Arabia, UK ink pact to develop critical minerals supply chains
Riyadh, Saudi Arabia -- Saudi Arabia and the United Kingdom on Thursday signed an agreement to jointly develop critical minerals...The agreement marks a significant step in the global endeavor to increase the supply of critical minerals
Critical minerals are vital in producing various technologies, including electric vehicles, wind turbines, and solar panels
Local e-commerce thrives as Saudis shift preference
Government initiatives, such as the national e-commerce strategy and consumer protection regulations, are playing a key role in facilitating the...Government initiatives, such as the national e-commerce strategy and consumer protection regulations, are playing a key role in facilitating the shift in consumers' choice
As part of Vision 2030, the Saudi government aims to raise e-commerce and modern commerce contribution to 80% of the retail sector, says Kearney & Mukatafa report
Crypto experts leave US over obstructive regulations
DOHA, QATAR- Thousands of cryptocurrency industry developers have left the United States because of its negative stance towards the sector,...Regulators in the US have taken a tough line because of fears of money laundering and scams such as the FTX collapse.
Other countries had been "very constructive" over regulation and attracted "a huge amount of talent," said Smith, CEO of blockchain.com
Brazilian group seeks trade, investment boost with UAE
Sharjah, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) organized the UAE-Sao Paulo Business Forum on Thursday, marking...During the forum, the two sides discussed joint efforts and investment opportunities available in both cities.
The delegation comprised representatives from companies operating in agriculture, food, cosmetics, and furnishings sectors.
Qatari owners of Paris Saint-Germain in talks over Sampdoria investment
Paris, France - Qatar Sports Investments, the owners of French champions Paris Saint-Germain, are in negotiations over acquiring a stake in...Qatar Sports Investments has owned the French club since 2011, transforming a struggling outfit into one of the most powerful in Europe.
QSI is hoping to acquire a "minority stake" in Sampdoria, the club from the Mediterranean port city of Genoa
