Rat on a plane sparks worries for Sri Lanka’s airline
Colombo, Sri Lanka - Sri Lanka's national airline on Tuesday blamed a rat for grounding a plane for three days, sparking...Business
UAE banks ride on growth, operational efficiencies
The country's banking sector emerges stronger, showcasing resilience and profitability with a notable 54.1% increase in net income, says a...Business Banking & Finance
Fearing ban, TikTok seeks to calm Europe’s worries over data privacy
TikTok executives said the company was working with a third-party European security company to oversee and check how it handles...The initiative came as the Czech cyber watchdog issued its own warning, describing the Chinese-owned video-sharing app as a security threat
The European Union and the United States, have taken a tough approach to the app, which is owned by Chinese company ByteDance
Spotify adds 30 sec video in revamp to attract more creators
Spotify on Wednesday introduced new tools for artists and songwriters, with a particular focus on video formats that are seen...Spotify unveiled a significant revamp to offer a more interactive interface, including the option to hear song previews and provide more personalized recommendations using AI
The Swedish-owned company, which said in January that it was cutting almost six percent of its workforce to reduce costs, posted a net loss of 430 million euros for 2022
TAQA Morocco to invest US$1.6bn in renewable energy solutions
Dubai, UAE--TAQA Morocco is looking to invest $1.6 billion in renewable energy solutions in Morocco in order to lift up...The company, owned by Abu Dhabi National Energy Co., is looking to diversify its activities in clean energy and water desalination as part of its new strategy.
The firm aiming to increase its production capacity of electricity from renewable sources by 1,000 megawatts will cut the carbon footprint by 25 percent
Serco unveils Saudi space unit
Saudi Arabia aims to gain a leadership role in space.Serco will look to hire in Saudi Arabia, offering training and career development programs, besides building capacity
Amar Vora, according to the company press release, has been appointed to lead the space team in the kingdom
GCC sees rise in tech jobs despite drop in PC sales
Technology remained GCC's most active industry sector in terms of hiring, with 77 percent of organizations increasing their headcount last...Technology remained GCC's most active industry sector in terms of hirings, with 77 percent of organizations increasing their headcount last year, latest reports point out
Nearly 88% of employers in the technology sector in GCC are planning to hire permanent employees this year, predicts the GCC Salary Guide 2023 by Hays Middle East
ChatGPT could increase phishing and cybercrime risk, warns British firm
London, United Kingdom - British cyber security firm Darktrace on Wednesday warned that artificial intelligence bot ChatGPT may have increased the...Microsoft-backed start-up OpenAI in November launched Content creation bot ChatGPT.
ChatGPT had "ignited a conversation about the implications of generative AI for cyber security," the firm said.
US private sector employment surges by 242,000 jobs in Feb
"We're seeing robust hiring, which is good for the economy and workers, but pay growth is still quite elevated," said Nela...The employment in private sector increased by 242,000 jobs in February, almost twice the 119,000 figure in January.
This follows a series of recent indicators showing that hiring remained strong, consumer spending resilient.
CVC to invest in WTA
The company likely to buy 20 percent stake.The WTA tour includes more than 70 events annually but it has suffered financially from suspending tournaments in China and Hong Kong.
Liberty Media bought CVC's stake from Formula One in 2016 but the firm owns an Indian Premier League franchise.
Ducab 2022 revenues up 19%
The company said the metal business alone grew by over 23 percent.The cable business increased by more than 9 percent during the same period, the company said.
Ducab Group recently announced the opening of its new headquarters in the Indian city of Bengaluru.
Siemens bags long-term service contracts for Iraqi power plants
Abu Dhabi, UAE -- Siemens Energy has been awarded long-term service contracts for several Iraqi power plants to improve energy...These contracts represent the first portion of prioritized projects under the Iraq Energy Agenda – Wave II agreement, which was signed in Berlin in January 2023.
As part of the prioritized packages, Siemens Energy signed three long term service contracts, for five years each, for the Al Sadr, Kirkuk, and Al Rasheed power stations.
