MENA print media revenues fell 30% from 2018 to 2022: survey
The report stresses the urgent need for MENA news organizations to overhaul business models, adopt digital strategies, and diversify content...Business Tech & Media
Saudi tech firm Alat to ally with Softbank, Carrier Corp, Tahakoum, Dahua Tech
Riyadh, Saudi Arabia - Alat Company, a subsidiary of the Saudi Public Investment Fund (PIF), has announced four global partnerships...Business
Foreign assets up 0.41% to $116bn in October 2022
The latest statistics of the Central Bank attributed the monthly increase in foreign assets to the rise in bank balances...The latest statistics of the Central Bank attributed the monthly increase in foreign assets to the rise in bank balances with banks abroad by 2.2 percent
Central Bank statistics indicated that other foreign assets reached AED58.12 billion at the end of last October, a decrease on a monthly basis of 8.3 percent
Dubai Chamber of Commerce launches printing and publishing unit
Dubai, UAE--Dubai Chamber of Commerce has launched the printing and publishing business group to boost the sector’s competitiveness and support...According to Sharjah Publishing City, the UAE’s publishing sector is expected to grow to US$650 million by 2030
The newmbusiness group is part of the chamber’s plans to increase the number of business groups that represent economic sectors and activities in Dubai
Modern management tools help employers manage operations in greater depth & detail, even remotely
As Emiratization and Saudization requirements are mandatory for all businesses operating in the region, and large expatriate workforces are also...In the fast-paced and adapting modern world, businesses must strive to stay on-top of ever-changing regulations and environments in which they operate
Technology is helping to maintain business organization through detailed management software, to structure, analyse, review, assess and monitor employees as well as businesses
Airbus tops Boeing in 2022 plane orders
Airbus sold 661 planes as against Boeing's 480.In terms of deliveries, Airbus finished the year having 661 planes arrive with clients, much higher than Boeing's 480
Both companies have been forced to reset expectations about their capacity to build planes as quickly as the industry would like
Privacy remains key concern as facial recognition technology makes GCC travel sector secure, efficient
Face and iris recognition technology vary by country in the region, and expecting it to be implemented in many airports...Facial recognition techniques vary in each country, and expecting it to be implemented in many large airports around the world in a short time is unrealistic, says an expert
People and organizations involved in the passenger moving process must strike a proper balance in terms of how they can begin implementing biometric technologies, he adds
Saudi Arabia’s industrial production rose 8.6% in November 2022, says GASTAT
RIYADH, SAUDI ARABIA - The General Authority for Statistics (GASTAT) published Tuesday on its official website the results of the...In November 2022, mining and quarrying grew by 5.7 percent compared to November 2021.
Manufacturing activity increased by 19.7 percent compared to the same month of the previous year.
ADNOC Gas set up as processing, operations and marketing firm
ADNOC said the company combines the operations, maintenance and marketing of the ADNOC Gas Processing and ADNOC LNG businesses into...Ahmed Mohamed Alebri has been appointed as Chief Executive Officer (Acting) of ADNOC Gas, Peter Van Driel as Chief Financial Officer, and Mohamed Al Hashemi as COO.
As announced in November 2022, ADNOC intends to proceed with an initial public offering of a minority stake in ADNOC Gas on ADX.
Masdar inks deal to produce 1GW of clean energy in Kyrgyzstan
ABU DHABI, UAE - Masdar has announced the signing of an agreement with the Ministry of Energy of Kyrgyz Republic...The projects, with a total capacity of up to 1 gigawatt (GW), start with a 200-megawatt (MW) solar photovoltaic (PV) plant.
The 200 MW plant is scheduled to begin operation by 2026.
Stocks mostly drop as traders track China, US rates
Major stock markets mostly dropped as warnings that US interest rates would continue to rise and remain elevated offset growing...Sentiment is still closely linked to the outlook for US monetary policy as the Federal Reserve battles to bring inflation down from four-decade highs.
Policymakers appear determined to keep lifting borrowing costs until they achieve their goal of two percent inflation.
Abu Dhabi Chamber enhances digital Effortless Certificate of Origin service
ABU DHABI, UAE - Abu Dhabi Chamber of Commerce and Industry (ADCCI) has launched the updated version of its Effortless...The Abu Dhabi Program for Effortless Customer Experience supports Abu Dhabi’s human-centric approach.
It enables everyone living and working in the emirate and visitors to carry out tasks quickly, seamlessly and effortlessly.
