Asian markets up, Tokyo hits record as US tech earnings jump
Hong Kong, China - Asian markets rose on Thursday, with Tokyo's benchmark index posting a record high after greater-than-expected earnings from...Business
Abu Dhabi hotels host 4.1m visitors in 2022, earning US$1.4bn
Abu Dhabi, UAE-- Hotels across Abu Dhabi have posted a 24 percent growth in occupancy to 4.1 million visitors during...Revenues jumped by 23% from the previous year to $1.47 billion in 2022
UAE nationals accounted for the largest share of the capital's hotel guests during the past year, with a share of 29%,
We help investors, give them additional tools: QCSD
The first thing QCSD worked on was the movable funds register aimed at helping small and medium-sized enterprises to benefit...The Qatar Central Securities Depository (QCSD) is working on the application of lending and borrowing to help investors in Qatar and give them additional options and tools
The first thing QCSD worked on was the movable funds register aimed at helping small and medium-sized enterprises to benefit from the tools, says its CEO Sheikh Saif Al-Thani
DEWA is an organizing partner in Dubai International Project Management Forum 2023
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) announced that it is participating in the 8th Dubai International Project...On the second day of the DIPMF, Saeed Mohammed Al Tayer, MD and CEO of DEWA, will participate in a panel discussion.
DEWA will present practices and experiences implemented in Dubai, which has become a global benchmark for best practices.
Dubai real estate market records deals worth $408 million
Dubai, UAE--Dubai real estate market recorded deals worth AED1.5 billion ($408 million) on Tuesday, Dubai Land Department said.The deals included...The deals included 520 sales transactions worth AED1.22 billion, in addition to 72 mortgage deals of AED216.8 million.
The sales included 440 villas and apartments worth AED902.79 million, and 80 land plots worth AED321.11 million.
Twitter sued over ‘unpaid rent’ on London office
Twitter's British landlord said it is taking the social media to court for not paying rent on its London offices....Elon Musk, the billionaire CEO of Tesla and SpaceX, bought Twitter for US$44 billion in October 2022.
Musk sacked half of the staff and reportedly stopped paying rent for office space to try to raise funds after taking on massive debt to buy the firm.
DEWA launches plan for fast approval of electricity connections Â
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) launched the 'OWNEK' awareness initiative to help its accredited contractors and...The OWNEK initiative will save the contractors and consultants time and effort and speed up the workflow.
The initiative includes a series of awareness sessions and detailed videos in Arabic and English.
ADAFSA’s Auwn Program wins Global Business Excellence Award
ABU DHABI, UAE - Abu Dhabi Agriculture & Food Safety Authority (ADAFSA) has just been announced as the winner of...Auwn Community Program assisted in accomplishing ADAFSA's Corporate Social Responsibility goals by implementing several community initiatives.
These include blood donation drives, support for people of determination and cancer patients, community and environmental development initiatives.
RAK first in world to achieve 19 ISO 50001 certifications
Ras Al Khaimah, UAE -- The government of Ras Al Khaimah became the first in the world to achieve the...The accomplishment was announced at the World Future Energy Summit 2023, held as part of Abu Dhabi Sustainability Week (ADSW).
A comprehensive retrofit of government buildings was carried out between 2018 and 2022, through energy performance contracting.
Ford to cut jobs in Germany
The US auto giant will cut 3,200 jobs in the European country.Spokesman of IG Metall union told that the cuts will be mainly in Cologne, where Ford has a major plant, but all sites across Germany are threatened
Ford's German workers can continue to develop successful electric models for Europe if given the chance, the union said
Musk tells jury buying Tesla at $420 a share was no joke
The Tesla chief returned to the witness stand to answer questions from lawyers for angry investors who accuse him of...The fraud trial of Musk revolves around a pair of tweets in which Musk said "funding secured" for a project to buy out the Tesla private
Musk attorney Alex Spiro said that even though the tweets may have been a "reckless choice of words", they were "not fraud, not even close."
