Boeing offered 737 MAX plea deal, lawyer of crash victims’ families says
Washington, United States - The US Justice Department is offering Boeing a plea deal that will allow it to avoid a...Business
Saudi Aramco says foreigners grab ‘majority’ of share offering
Riyadh, Saudi Arabia - Oil giant Saudi Aramco said Sunday that international investors had snatched up the bulk of shares sold...Business
Solutions-Devoteam deal completed
Devoteam Middle East is a subsidiary of Devoteam Group.The total value of Devoteam Middle East is approximately SAR741.7 million.
Solutions by stc had signed a binding offer and first unveiled details of the transaction in June 2023.
Use of DEWA’s electric-vehicle green chargers up 59% in 2023
Dubai, UAE -- Dubai Electricity and Water Authority (DEWA)’s EV Green Charger initiative witnessed a 59 percent increase in the...Dubai has seen a notable increase in the use of EVs since 2015. The number of EVs in the Emirate reached 25,929 vehicles by December 2023.
The number of EV owners registered under the initiative has increased from a mere 14 in 2015 to more than 13,959 by the end of December 2023.
SAIB profit jumps 17% in 2023
The net profit for the fourth quarter increased by 28 percent.Total operating income grew by 21 percent year-on-year (YoY) as net special commission income rose due to an increase in net financing and investment commission.
Shareholders’ equity, no minority interest and after excluding sukuk, increased to SAR 14.52 billion as of Dec. 31, 2023.
WEF24: The story of Africa is being reclaimed
Africa is moving away from stereotypes of poverty and incapacity to a narrative of ability and competitiveness, Sithembile Ntombela maNdaba,...The CEO highlights the importance of forging unity and strengthening "strategic initiatives" like the African Union and the African Free Trade Continental Area
While playing up the success of sectors like agriculture, mining, and tourism, she said the country was moving towards science and technology, and the green economy
Exxon Mobil posts bumper profit
The company profit vaulted to US$36bn during the year 2023.The company's earnings in the latest quarter still beat estimates and its Chief Executive Darren Woods signaled optimism about the coming year
The oil giant's results included a $2.5 billion impairment charge for California properties that it has been trying to sell for more than a year
AD Ports Group, KPT ink pact
The pact deals with bulk and general cargo terminal.A JV between AD Ports Group and Kaheel Terminals will develop, operate and manage bulk and general cargo terminal berths 11-17 at Karachi Port.
General cargo operations will primarily handle steel, paper and clinker, while the clean bulk terminal will focus on grains and fertilizers.
WEF24: GenAI poised to revolutionize energy sector
The GCC -- with countries such as Saudi Arabia, the UAE, Kuwait, and Qatar -- plays an important role in...The GCC -- with countries such as Saudi Arabia, the UAE, Kuwait, and Qatar -- plays an important role in the energy transition, Dr. Atul Arya of S&P's Global tells TRENDS.
Rising energy demand, with a focus on renewables, faces hurdles from high rates and inflation, while GenAI offers transformative potential in data analysis and climate modeling.
‘AR, VR and video analytics shaping imaging industry’
Canon focuses on innovation, integrating AI-driven features, deep learning and machine learning to meet changing customer needs, says a top...Canon focuses on innovation, integrating AI-driven features, deep learning and machine learning to meet changing customer needs, a top executive of Canon Middle East tells TRENDS.
The company's proactive approach to R&D and commitment to reducing CO2 emissions highlights its leadership in the evolving imaging and printing industry, adds Subbu Hariharan.
UAE is the most popular destination for global workers, says report
Dubai, UAE – The United Arab Emirates is the most popular country for international talent seeking employment visas, a report...France, the United Arab Emirates, India, Turkey, and the United Kingdom were the top destinations for UAE recruiters.
This trend underscores the UAE's commitment to fostering a diverse and vibrant multinational workforce.
EU gives accent to landmark rules on artificial intelligence
Brussels, Belgium - The European Union's 27 member states on Friday approved landmark rules on reining in artificial intelligence, passing a key...Brussels first proposed an AI law in 2021 but spent most of last year racing to greenlight the draft text after chatbot ChatGPT exploded onto the scene.
EU ambassadors finally signed off on the text during a meeting Friday in Brussels, after French and German concerns were assuaged.