Polestar 3, the electric SUV, hits the streets of the UAE
Dubai, UAE – Al-Futtaim Electric Mobility Company, the official distributor of Polestar in the UAE, have announced the official launch...Business
Rumors swirl over bitcoin inventor Nakamoto’s identity
London, United Kingdom - An Australian man went on trial in London this week over his claims of inventing bitcoin --...Business
Dubai to host 3 healthcare events next week
The United Arab Emirates is set to host three healthcare events next week in Dubai where over 4,000 healthcare professionals...Over 4,000 healthcare professionals and participants are expected to attend.
Around 140 expert speakers will deliver 110 scientific sessions and over 40 participating countries will also be present.
Turkey’s central bank reduces policy rate for third month
The decision comes right after President Recep Tayyip Erdogan said the central bank would keep cutting rates every month for...The Turkish central bank said it was cutting its one-week repo rate to 10.5 percent from 12 percent
President Erdogan wants interest rates to lower down to single digits by the end of the year
Aramco launches Taleed program to accelerate SMEs growth in Saudi
Riyadh, Saudi Arabia--Aramco said on Thursday it has launched Taleed program to accelerate the growth of Small and Medium Enterprises...Aramco said the program targets sustainable SME growth across multiple sectors through a portfolio of 20 initiatives.
It also aims to deliver funding and financial solutions to existing and new businesses through five funds, with a combined capital exceeding $800 million.
American Airlines posts Q3 profit of US$483m
American Airlines third quarter revenues rose to $13.5 billion.American scored a 13 percent jump in revenues compared with the 2019 period on high ticket prices.
US carriers have begun to prosper in 2022 as more governments pare back restrictions.
High investments in H1 2022 for DEWA transmission substations
Dubai Electricity and Water Authority (DEWA) recorded substantial growth of 22 percent in investments allocated to transmission substations during the...From January this year to June 2022, DEWA commissioned a new 400 kV transmission substations.
Now the total number of 400 kV transmission substations in Dubai has risen to 26.
SABB posts 26% profit rise
The profit touched $931m in the first nine months of 2022.The bank said in a bourse filing that it recorded a profit of $746 million in the same period of the last year
SABB said the rise in associate earnings also contributed to the results
How gaming firm Ubisoft mashed ‘Rabbids’ into ‘Mario’ world
The game merges Nintendo's Mario, the Italian plumber who has given his name to an entire universe of games, with...The first game in the series, "Mario + Rabbids: Kingdom Battle", has garnered more than 10 million players since its release in 2017, said Manzanares
The idea of fictional universes colliding is far more developed in cinema franchises and comic books than in video games
DEWA shares drop 2.8%
The decline came amid reports of economic slowdown.There were over 6.5 million shares traded by 11:37 a.m. local time, with the average volume on the stock declining since it was listed
The decline came in reaction to fears of an economic slowdown amid tighter monetary policy, causing global financial markets to see volatility
Tesla profit jumps; revenues miss estimates
Tesla watchers are expecting a strong fourth quarter.The electric vehicle (EV) maker scored a more than doubling of profits in the third-quarter to $3.3 billion on increased auto deliveries
The results follow Tesla's disclosure earlier this month that deliveries and production grew solidly in the third quarter
Elon Musk says “excited” about taking over Twitter
Having spent months trying to break free of the $44 billion buyout contract, Elon Musk now says he is "excited"...Musk said that he believes Twitter has potential to be worth "an order of magnitude" more than it is now
Twitter, meanwhile, has sought to prove Musk was contriving excuses to walk away -- simply because he changed his mind
