It must find non-Chinese owner to avoid ban.
- The Group's EBITDA increased by 69 percent YOY.
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) successfully launched its second nanosatellite, DEWA SAT-2, aboard SpaceX’s Falcon 9...The launch of DEWA SAT-2 underlines the firm's commitment in using space technologies to improve the operations and maintenance of electricity and water networks.
The nanosatellite was designed and developed by Emiratis at DEWA’s Research and Development Center, in collaboration with NanoAvionics in Lithuania.
BERLIN, GERMANY - Germany will switch off its last three nuclear reactors on Saturday, exiting atomic power even as it seeks...The exit decision was popular in a country with a powerful anti-nuclear movement, stoked by lingering fears of Cold War conflict and atomic disasters.
The challenge caused by Russia's invasion of Ukraine put an end to cheap gas imports and has upped calls in Germany to delay withdrawal from nuclear power.
- Abu Dhabi, UAE--Presight AI and the Ministry of Communication, Telecommunications and Digital Economy of the Republic of Senegal (MCTEN), have...
In order to transform government services, Presight will work with Senegal to support and deliver turnkey solutions using big data analytics and AI technology
The agreement is expected to boost governemnt efficiency, create a better business environment, and promote socio-economic development in the country.
San Francisco, United States--Elon Musk has formed an X.AI artificial intelligence corporation based in the US state of Nevada, according to...According to an insider report, Musk has purchased costly computing processors and hired engineering talent as part of an AI project at Twitter
Google, Meta and Microsoft have spent years working on AI systems to help with translations, search and targeted advertising
In the last 10 years, a motley of supposedly best-run companies in the Middle East have collapsed, disappearing into obscurity....In order to stave off total ruin and collapse of a business, industry experts recommend for the board to take charge of strategy, in cahoots with the management.
Many experts blame disagreements within a board, or a lack of team spirit as the reason for tipping a company toward a slow demise
JPMorgan Chase reported a rise in first-quarter profits alongside banking giants Citigroup and Wells Fargo. The first look at the...Recent banking industry turmoil following the collapse of Silicon Valley Bank raised worries about a flight of deposits.
Shares of JPMorgan rose 7 percent to $138.06, Citi gained 3.1 percent to $48.7, Wells Fargo dipped 0.1 percent to $39.63.
The bank will act as a strategic partner during listing of EIH.Ali El Gebely, Managing Director and CEO of EIH, said the partnership aims to build real value for the future of investment through strategic partnerships.
Established in 2007, Ajman Bank is an Islamic commercial bank that listed on the Dubai Financial Market in 2008.
The performance was driven by strong sales, especially in Asia."The first quarter of 2023 is a continuation of the good results of 2022," Hermes chief executive Axel Dumas said in a statement.
China, the world's second biggest economy, ended nearly three years of Covid restrictions in December.
Dubai, UAE -- Dubai's real estate market recorded real estate transactions worth AED1.1 billion ($299 million) on Friday, according to...On Friday, deals worth AED1.1 billion ($299 million) on Friday, according to the data released by Dubai's Land Department.
The sales on Thursday included 388 villas and apartments worth AED791.15 billion, and 55 land plots worth AED236.4 million.
The US should continue tightening monetary policy to bring down inflation while assessing the impact of last month's financial turmoil...The rate-setting Federal Open Markets Committee voted last month to continue raising interest rates to tackle inflation.
The FOMC took this decision despite the turmoil when Californian high-tech lender Silicon Valley Bank dramatically collapsed.
