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TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.
  • Bahrain and France sign MoU to boost tourism education

    Lyon, France--Vatel Hotel and Tourism Business School Bahrain signed a memorandum of understanding (MoU) with EKLYA School of Business in...

    The MoU will strengthen educational ties, foster mutual understanding, and enhance bilateral relations in the realms of academia, culture, and knowledge exchange

    The curriculum for the EKLYA students will encompass a variety of subjects, including cross-cultural studies, project management, event management, and geopolitics

  • Iran signs deals worth US$13bn to boost oil production

    The oil ministry and Iranian businesses signed deals worth $13 billion to increase daily oil production in six major fields....

    Last year Iranian oil minister promised the country's oil production would reach 3.6m bpd

    Iran's oil sector suffered a blow in 2018 when Western sanctions were reimposed

  • Iran signs big contracts to increase oil production

    Iran sealed contracts worth billions of dollars with domestic companies to boost its oil production in the face of Western...

    Iranian Oil Minister Javad Owji had said that oil production would reach 3.6 million barrels per day by the end of the Persian year on March 19.

    Iran's oil sector suffered a blow in 2018 when Western sanctions were reimposed, forcing foreign companies to leave the country,

  • Gemini’s inaccurate AI racial images warn of tech titans’ power

    AUSTIN, US – For people at the trend-setting tech festival here, the scandal that erupted after Google's Gemini chatbot cranked out...

    Gaffes such as the images of ethnically diverse Nazi troops forced Google to temporarily stop users from creating pictures of people.

    Social media users mocked and criticized Google for historically inaccurate images, like those showing a female black US senator from the 1800s.

  • Nakheel, Meydan join Dubai Holding

    The Board of Directors of both Nakheel and Meydan will be abolished.

    Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum directed the two to merge under Dubai Holding under the leadership of Sheikh Ahmed bin Saeed Al Maktoum

    He said the goal is to create a more financially efficient entity, owning assets worth hundreds of billions, and comprising global expertise across various sectors

  • Saudi Arabia takes part in global mineral and mining meet in Canada

    RIYADH, SAUDI ARABIA – A delegation comprising several entities from the Kingdom’s industry and mineral resources' system participated in PDAC...

    The Saudi delegation held meetings with teams from Canada, the Czech Republic and Ecuador.

    These are part of the 85 meetings they will hold with officials of countries and global firms participating in the event.

  • ExxonMobil makes new oil discovery

    The oil and gas strike is the first of 2024.

    The oil and gas strike, the first of 2024, was in the Stabroek block, the company said Friday

    Drillers "encountered approximately 197 feet (60 meters) of hydrocarbon-bearing sandstone," Exxon said

  • Gulf aviation industry sets sky-high standards

    "The demand from certain sectors indicates a strong interest in First Class, prompting us to introduce a newly-designed First Class...

    Qatar Airways CEO, Engr. Badr Mohammed Al Meer, emphasizes innovation in elevating customer experience amidst growing competition.

    Digital innovation drives organizational efficiencies, supporting the expansion of Qatar Airways into growth markets like China and India.

  • UAE’s working mothers get extended maternity leave

    The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120...

    The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, says Kathryn Martin of VFS Global.

    This initiative, led by companies like VFS Global, not only enhances employee well-being but also promotes gender equality and diversity in the workplace, she adds.

  • Air Arabia shareholders approve 20% dividend for FY2023

    SHARJAH, UAE – Air Arabia shareholders approved the distribution of a 20 percent cash dividend for the financial year ended...

    The dividend, which is equivalent to 20 fils per share, underscores another year of record financial performance.

    In 2023, Air Arabia added 26 new routes to its global network from its operating seven hubs.