JetBlue, Spirit Airlines cancel merger
Earlier, a federal judge ruled it violated US antitrust law.Company News Business
Pink diamond sells for nearly $58m in Hong Kong
The winning bid, by an undisclosed buyer from Boca Raton, Florida, was more than twice the estimated $21 million sale...The stone was the second-largest pink diamond to be sold at auction. Pink diamonds are the rarest of the precious gems and the most in-demand on the global market.
The world record for a pink diamond was set in 2017, when a stone known as the CTF Pink Star was sold in Hong Kong for $71.2 million.
Sharjah tourism body to highlight AI, technology in tourism
Sharjah Commerce and Tourism Development Authority (SCTDA) has confirmed its participation at the 42nd GITEX Technology Week, to be held...The authority will showcase new projects and emerging prospects in Artificial Intelligence and Metaverse.
SCDTA will highlight the innovative use of technologies and their impact on hospitality, tourism and commerce.
Opportunities await Qatari investors in Kazakhstan’s Zhambyl region
Doha--- Qatar Chamber and Kazakhstan's Social-Entrepreneurial Business Corporations have discussed economic and commercial relations besides investment climate and opportunities in...Qatar Chamber and Kazakhstan's Social-Entrepreneurial Business Corporations discussed economic and commercial relations.
Zhambyl Region which is considered a gateway for several international markets such as the Chinese and Russian markets.
DEWA invites proposals for work on sixth phase of solar park
Dubai Electricity and Water Authority (DEWA) has invited international developers to send their Expressions of Interest (EOI) to implement the...The 900 MW sixth phase of the Solar Park will be implemented using photovoltaic solar panels.
The production capacity of clean energy has reached about 12.1 percent of Dubai’s total energy mix.
‘Unit 3 of Barakah Plant linked to UAE’s transmission grid’
The Emirates Nuclear Energy Corporation (ENEC) announced that Unit 3 of the Barakah Nuclear Energy Plant has successfully been connected...Unit 3 will add another 1,400 megawatts of zero-carbon emission electricity capacity to the national grid.
The nuclear sector is a vital part of the UAE’s clean energy system of multiple low-carbon technologies.
OneConnect enters Abu Dhabi Global Market
Abu Dhabi, UAE - OneConnect Financial Technology launched Saturday its regional operations in Abu Dhabi Global Market, local media reports...The company will support fintech ecosystem and enhance digital transformation of UAE's financial services
It unveiled digital banking solutions suite, OneCosmo, which can support the industry's open banking and open finance agenda
Islamic Development Bank raises $1.6b from Sukuk issuance
An IsDB official said proceeds were used to finance projects to recover from the COVID-19 pandemic, reduce poverty etc.An IsDB official said proceeds were used to finance projects to recover from the COVID-19 pandemic, reduce poverty etc
The AAA-rated issuance was executed in line with the bank’s $4.1 billion financing plan for 2022
Dubai records weeklong real estate transactions worth $1.92 billion
Dubai, UAE--- A total of 1,809 real estate transactions worth AED7.3 billion ($1.92 billion) were conducted during the week ending...A total of 98 plots were sold for AED975.52 million, and 1,711 apartments and villas were purchased for AED4.47 billion.
The mortgaged properties for the week reached AED1.47 billion, while 157 properties were granted between first-degree relatives worth AED418.56 million.
Dubai to unveil METADAFZ for better metaverse experience
The facility will enable clients globally to conduct meetings via a virtual platform, offering a unique and semi-realistic experience.The facility will enable clients globally to conduct meetings via a virtual platform, offering a unique and semi-realistic experience
DAFZ is likely to announce the launch at GITEX 2022, to be held from October 10-14 at the Dubai World Trade Centre
Google seeks to enhance smartphone credentials with Pixel 7
The device was unveiled this week in Brooklyn, where representatives from the Mountain View, California giant highlighted top-flight features that...Priced at $599 in the United States, the Pixel 7 is being positioned as relatively affordable as the latest versions of the iPhone and Samsung Galaxy are both around $800
The upgraded system also can translate language in real-time, including idioms, and transmit more nuanced photos of different skin tones
