Manufacturers pack smartphones with AI tools to boost sales
Barcelona, Spain - Smartphone makers are packing their latest devices with flashy new artificial intelligence tools such as real-time voice translation...Business
Alcoa to buy Alumina in all-stock deal
The US aluminum producer will buy Alumina for US$2.2bn.Business
Jordan Senate Chairman, French senate vice-president discuss bilateral ties
AMMAN, JORDAN - Chairman of the Jordan Senate's Committee for Arab, International Affairs and Expatriates Hani Mulki, on Sunday discussed...The two leaders also discussed political changes in the surrounding countries following Arab Spring.
The French leader said her country is looking forward to strengthening relations and partnerships.
Jordan, UAE, Egypt, Bahrain announce joint industrial projects totaling $2bn
Jordan, the United Arab Emirates, Egypt and Bahrain announced the signing of 12 agreements and partnerships worth over US$2 billion...The projects are expected to generate 13,000 direct and indirect job opportunities and add US$1.6 billion to the GDPs of the four countries.
Jordan Minister Yousef Shamali opened the meetings by praising the partnership as a model of a coordinated Arab effort.
Dubai records 35 percent rise in public transport use in 2022: RTA
Dubai, UAE--Dubai has recorded a 35 percent increase in the number of people using public transport like metro, tram, buses,...About 1.7 million people rode public transport, shared mobility and taxis daily in 2022 compared to 1.3 million riders in 2021.
Dubai Metro achieved the largest percentage of the public transport, shared transport and taxis ridership of 36 percent in 2022.
SAIF Zone Al Ansari Exchange ink pact, offer new payment service
SHARJAH, UAE - The Sharjah Airport International Free Zone (SAIF Zone) has signed a cooperation agreement with Al Ansari Exchange,...The pact will allow SAIF Zone’s investors and clients to pay fees at any of Al Ansari Exchange's over 230 branches across the UAE.
The signing ceremony was attended by a number of managers and senior officials from both sides.
Qatar Central Bank issues $274 million treasury bills for a week
Doha, Qatar-- Qatar Central Bank (QCB) issued treasury bills worth QR 1 billion ($274 million) for a one-week term in...Treasury bills are issued through auction for banks operating in Qatar to control liquidity rates and money supplies in the market.
In November last year, the bank issued Treasury Bills and Sukuk for periods of one week, one month, three, six and nine months worth $1.6 billion.
Masdar unveils 200MW Solar Park in Jordan
Amman, Jordan - The Baynouna Solar Energy Company (BSCE), a joint venture between the UAE’s world-leading renewable energy company, Masdar,...The Baynouna Solar Park produces over 560 gigawatt-hours (GWh) of energy annually – enough to power 160,000 homes
The plant also displaces 360,000 tons of carbon dioxide per year, equivalent to taking nearly 80,000 cars off the road.
UAE takes part in first G20 Finance Ministers meeting in 2023
ABU DHABI, UAE - Minister of State for Financial Affairs Mohamed Hadi Al Hussaini headed the UAE delegation participating in...Held for the first time under the Indian presidency in Bengaluru, the meeting discussed the progress under the G20 priorities for 2023.
The UAE team reiterated the importance of a globally coordinated multilateral action to promote climate finance.
BASF to cut thousands of jobs
It will also close down several units in Ludwigshafen.BASF, in 2022, confirmed a net loss of 627 million euros, less than the figure of 1.4 billion euros initially announced in January
The company had warned that reduced gas flows from Russia and high prices would force it to idle parts of its production
China’s international trade in services stands at US$67.6bn in January
Beijing, China--China's international trade in services stood at 459.5 billion yuan, or US$ 67.6 billion, in January, official data showed...Services exports totalled $25.44 billion last month, and services imports were at $40.50 billion, resulting in a trade deficit of $15.50 billion
Transport was the biggest services trade contributor, with a $21 billion trade volume, the data showed
EDCC and Canadian Business Council sign MoU to boost defense ties
Abu Dhabi, UAE--The Emirates Defence Companies Council (EDCC) and the Canadian Business Council (CBC) in Abu Dhabi signed a Memorandum...The MoU was signed today at Tawazun Council Chalet in IDEX and NAVDEX 2023, currently held in Abu Dhabi
The agreement is expected to foster collaboration and identify new opportunities in the defence industry
