Shifting dietary trends boost MEA’s protein market
Rise of flexitarian and vegan diets in the region is driving demand for alternative proteins, with the market expected to...Business
Recession fails to dent luxury car sector
Amid rapid tech growth and rising environmental concerns, understanding the current automotive industry trends, especially in luxury, is vital, says...Amid rapid tech growth and rising environmental concerns, understanding the current automotive industry trends, especially in luxury, is vital, says Dr Manfred Bräunl of Porsche
Porsche Middle East & Africa region, which also includes India, delivered 8,217 cars representing an increase of over 20 per cent compared to 2021, adds Bräunl, the regional CEO
Abu Dhabi launches program for sustainable beekeeping, honey production
ABU DHABI, UAE -Â The Abu Dhabi Agriculture and Food Safety Authority (ADAFSA) has launched an ambitious program to develop...The program is based on scientific studies and research to develop the best methods and practices suitable for the UAE environment.
A vital aspect of the program is the breeding of queen bees capable of adapting to the country's unique environment and climate.
US debt ceiling issue keeps Biden, aides busy at G7
President Joe Biden may be on the other side of the world but his political fight back home over the...The Group of 7 meeting in Japan is an important stage for Biden's goal of restoring US leadership among the world's democracies.
"It is definitely a subject of interest here at the G7," National Security Advisor Jake Sullivan told reporters.
G7 to focus on ‘responsible’ use of artificial intelligence
The world must assess the impact of generative artificial intelligence, G7 leaders said, announcing they will launch discussions this year...Text generation tools such as ChatGPT, image creators and music composed using AI have sparked delight, alarm and legal battles.
European Parliament lawmakers this month also took a first step towards EU-wide regulation of ChatGPT and other AI systems.
UAE to implement support scheme for low-income farm owners
DUBAI, UAE - The Ministry of Community Development and Etihad Water & Electricity have announced the implementation mechanism of the...The support aims to reduce the financial burden related to electricity bills, as part of an integrated and holistic approach to help low-income families in UAE.
Beneficiaries can check the monthly support amount by referring to their farms’ consumption bill through Etihad Water & Electricity’s service channels.
UAE discusses clean energy partnerships with Germany, Netherlands
ABU DHABI, UAE - A senior UAE official of the Ministry of Energy and Infrastructure (MoEI) visited Germany and the...Over 11,500 decision-makers, energy ministers and CEOs from over 100 countries participated in the World Hydrogen Summit 2023 in Netherlands.
A senior UAE official provided an overview of the country's energy transition, with a focus on its hydrogen industry.
Gulf Air, Emirates sign deal
The two airlines announced the start of a codeshare agreement.To begin with, Gulf Air will apply its code to many Emirates' destinations in Europe and the Far East, thus ramping up the number of routes for its customers
The deal will enable its premium customers to access Emirates' lounges in Dubai and also combine ticketing, check-in and baggage transfers, beside benefiting from competitive fares
TRENDS Poll: 36% believe GCC banks threatened by US, Europe banking crisis
Due to the GCC's strong linkages with the global banking system, concerns have risen that the banks in the region...The poll question asked:Â Are GCC banks under threat from the banking crisis in the United States and Western Europe?
Due to the GCC's strong linkages with the global banking system, concerns have risen if the banks in the region will face the same struggles
Mubadala invested $29 billion in 2022 in sectors that shape futureÂ
Abu Dhabi, UAE - Mubadala Investment Company invested AED 107 billion ($29 billion) in sectors that shape the future, including...The company participated in deals in the healthcare sector, investing in Envirotainer, a cold chain solutions provider for the pharmaceutical industry
In the renewable energy sector, Mubadala invested USD 525 million with India’s BlackRock Real Assets in Tata Power Renewables
FAB hosts Chinese businessmen for summit on boosting trade
Abu Dhabi, UAE-- Seeking to deepen the UAE's economic and trade relationship with China, First Abu Dhabi Bank hosted more...With investment and trade touching US$330 billion during the last ten years, China has emerged as the Middle East's largest trading partner
Last year, the bank became the first financial institution from the UAE to open a branch in Shanghai thus pushing trade and investment flows across the region
