Food dispatch app Uber Eats launches robot deliveries in Tokyo
Uber Eats' boxy robots have square headlights for eyes and three wheels on each side to navigate kerbs as they...Business
Netflix to debut subscription with ads
After having shunned advertising since it started its streaming service, Netflix acquiesced as competition in the market intensifies and as...Netflix reported a loss of 970,000 subscribers in the second quarter along with stagnant profits
The new "Basic with Ads" subscriptions will be priced at $6.99 in the United States, three dollars less than a no-ads basic option
Lulu Group to list on Abu Dhabi Exchange in 2023
V Nandakumar stressed that the group’s listing is a major opportunity to contribute to the sustainable growth of the Emirati...V Nandakumar stressed that the group’s listing is a major opportunity to contribute to the sustainable growth of the Emirati economy
A number of other firms are considering their IPOs on ADX and the Dubai Financial Market to build up resilience against international uncertainties
Middle East region now has a new address for business centers: Downtown
Close to 200 years after the business hub of New York City was named as downtown, the word has entered...Saudi Crown Prince Mohammed bin Salman announced the establishment of Saudi Downtown Company
The Downtown Jeddah project will cover 5 million square meters and house more than 58 thousand people, likely to be completed in 2029
5.3 billion cell phones to become waste in 2022
Defunct cell phones are just the tip of the 44.48-million-ton iceberg of global electronic waste generated annually that isn't recycled.Despite containing valuable gold, copper, silver, palladium and other recyclable components, these devices will be dumped or incinerated, causing environmental harm.
Studies show 46 percent of the 8,775 households surveyed considered potential future use as the main reason for hoarding small electrical and electronic equipment.
VW, Horizon Robotics plan JV
JV will help in strengthening VW's presence in China.Volkswagen's software arm Cariad will hold a 60 percent stake in the new company, with the deal set to close in the first half of 2023.
As part of its transition to electric vehicles, Volkswagen has long been investing in China.
Camel Club, Riyadh Chamber to promote camel culture as Saudi heritage
Riyadh, Saudi Arabia---The Saudi Arabia's Camel Club and Riyadh Chamber of Commerce have signed an MoU to develop and create...The two entities signed an MoU that also aims at creating investment opportunities in the camel sector.
Providing support and assistance to the club when holding international conferences are other aims of the MoU.
Oman & Emirates Co. Q3 net profit $5.6m
The profit for the same period in 2021 was 538,832 OR.Oman & Emirates Investment Holding Company was established through the Royal Decree in 1993, as an joint venture between Oman and UAE.
O&E is registered as an Omani Joint Stock Company traded in Muscat, Abu Dhabi and Dubai Securities Markets.
Infosys Q2 profit at US$731.4m
The firm approved a $1 billion share buyback after Q2 result.Tech companies have benefited from higher digital services demand since the pandemic,.
Infosys also reported a marginally lower employee attrition rate - a key metric for IT companies - compared to the previous quarter.
Fast Retailing posts yearly net profit at US$1.86bn
Firm owns Uniqlo, Comptoir des Cotonniers clothing brands.Following years of aggressive global expansion, Fast Retailing is one of the world's biggest clothing retailers.
As well as Uniqlo, it owns the clothing brands Theory, Comptoir des Cotonniers and lingerie label Princesse Tam Tam.
ADNOC awards $980m contract
The contract awarded to ADNOC Drilling to hire offshore rigs.ADNOC Drilling is the largest national drilling company in the Middle East by rig fleet size.
Over 80 percent of the award value will flow back into the UAE’s economy under ADNOC’s In-Country Value (ICV) programme.
