Renault Scenic model wins Car of the Year at Geneva auto show
Renault unveiled a new electric vehicle and its Scenic model won the Car of the Year award at the first...Business Global
China discovers world’s largest metamorphic rock oilfield in Bohai Sea
BEIJING, CHINA – The China National Offshore Oil Corporation (CNOOC) has announced the recent discovery of the largest metamorphic rock...Business Economy Energy
Dubai records over $843 million in realty transactions
Dubai, UAE-- Dubai real estate market recorded deals worth AED3.1 billion ($843 million) on Wednesday, according to Dubai Land Department.The...The deals included 598 sales transactions worth AED1.55 billion, in addition to 68 mortgage deals of AED1.48 billion on Thursday.
The sales included 547 villas and apartments worth AED1.13 billion, and 51 land plots worth AED421.05 million.
Masdar to invest $1.2 billion in British battery strorage tech
Dubai, UAE—UAE’s renewable energy company Masdar will invest 1 billion pounds ($1.20 billion) in British battery storage technology, Reuters said."We...Masdar bought UK-based battery company Arlington Energy last year.
In January this year, Masdar signed agreements with three Angola, Uganda and Zambia to develop renewable energy projects with a combined capacity of up to 5 gigawatts (GW).
World Cup airlift helps flydubai to record profits in 2022
Profits soared 43 percent to 1.2 billion dirhams ($327 million) despite higher oil prices as the United Arab Emirates carrier...flydubai, which has been operating since 2009, reported a 72 percent rise in annual revenues and an 89 percent increase in passengers to 10.6 million.
The airline, based in the Middle East financial hub of Dubai, hired a record 1,300 employees and took delivery of 17 aircraft, another new high.
UAE secured 34% of Japan’s crude oil needs in Jan
Oil remains the most significant energy source in Japan, accounting for about 40 percent of the country’s total energy supply,...The country imported 84.4 million barrels during the month, according to to the Agency for Natural Resources and Energy in Tokyo
Oil remains the most significant energy source in Japan, accounting for about 40 percent of the country’s total energy supply
Dubai’s RERA signs MoU with Al Ameen Service
Dubai, UAE -Dubai Land Department (DLD), represented by the Real Estate Regulatory Authority (RERA), has signed a memorandum of understanding...DLD is ramping up its efforts by providing an innovative and sustainable global real estate model
The agreement aims to enhance confidence in Dubai’s real estate sector by providing a safe and distinctive investment environment
Saudi Arabia fintech firm Amwal raises $2.5M pre-seed funding
The funds will be used by Amwal to further develop their technology and expand in the MENA region.The funds will be used by Amwal to further develop their technology and expand in the MENA region
The Saudi Central Bank has also approved a cryptographic biometric checkout solution developed by Amwal
Madbouly invites Qatari businesses to invest in Egypt
Egypt is focused on rebuilding the state and infrastructure. The country has dropped unemployment levels from 18 percent to 7.2...Qatar businesses are invited to invest in the Egyptian economy and benefit from the opportunities, says the Egypt’s Prime Minister Dr Mostafa Kamal Madbouly
Egypt's infrastructure projects have contributed to creating economic dynamism and provided the appropriate framework to stimulate the private sector, he adds
What’s keeping CIOs across Middle East up at night?
Lack of relevant skills, constant innovation in a highly disruptive world while keeping in mind budget constraints and cybersecurity remain...Lack of relevant skills, driving constant innovation in a highly disruptive world while keeping in mind budget constraints and cybersecurity remain key concerns, says IDC official
Cybersecurity spending in the region is about US$4.8bn with prominent spenders being the public sector followed by banking and financial services, telecom and oil & gas, he adds
French court sets aside NGOs lawsuit against TotalEnergies
PARIS, FRANCE - A French court on Tuesday dismissed a landmark case against TotalEnergies for a massive oil project in Uganda...The six NGOs argued the development of the East African Crude Oil Pipeline (EACOP) failed to adhere to a "duty of vigilance"
It is a 2017 law that compels companies to avoid grave harm to human rights, health, safety and the environment
Tesla to open plant in Mexico
The plant is going to be established in Monterrey."The plant is going to be established in Monterrey," Lopez Obrador told reporters after speaking with Musk.
He said the US company had promised to address the problem of water scarcity in Monterrey.
