Dubai’s real estate soars with notable market growth
The emirate's residential market witnesses an 18% sales surge and a 26% rental increase due to investor confidence and a...Business
Elon Musk files lawsuit against OpenAI over mission ‘betrayal’
Paris, France - Elon Musk has launched a legal case against OpenAI, the AI firm he helped to set up in...Business
Qatar hopes to make US$17bn in profit from World Cup
The 2022 World Cup may prove to be a big windfall for Qatar as it hopes to make some $17...The CEO said that between 3 and 4 billion people around the world will watch the Qatar World Cup 2022
He said that Qatar is expecting nearly one million people, including 12,000 from the media, during the World Cup
Google to shut down cloud gaming service Stadia
Google said it will refund purchases of Stadia hardware, such as controllers, as well as game content bought through its...Xbox-maker Microsoft, meanwhile, offered a rival Game Pass service "with a ton of games," making it a more tempting option for players
Microsoft recently announced that the ability to play Xbox games will be built into Samsung smart televisions in its latest cloud gaming move
GCC investors park wealth in real estate: poll
A TRENDS poll on Twitter revealed that 43.9 percent of voters preferred real estate, followed by technology at 37.4 percent.The age range of the voters was 37.5 percent between 20 and 29 years, 42.9 percent for 30-39 years, 13.4 percent for 40-49 yrs, ad 6.3 percent for voters over 50 years old
According to JLL, among the top fifty real estate markets worldwide, Saudi Arabia has remained stable, validated at the regional level
Meta to freeze hiring to tighten budget: report
Big tech platforms have been suffering from the economic climate, which is forcing advertisers to cut back on marketing budgets,...Zuckerberg said during an earnings call that teams would shrink in order to "reallocate our energy" as it battled a turbulent economy and the rising phenomenon of TikTok
Meta had long delivered seemingly endless upward growth, but reported early this year its first decline in global daily users
Salik begins trading on DFM, after large investor interest
Dubai, UAE— Salik, Dubai toll operator, has listed on Dubai Financial Market under the name of "SALIK", after the offering...It is the third public offering and listing on the DFM in 2022 as part of the plan to develop financial markets in the country
The strong demand toward the issuance prompted the company to raise the offered shares to 1,867,500,000 shares representing 24.9 percent of its share capital
Morocco tells Adidas to withdraw Algeria jersey design
Taking offense at what it calls "cultural appropriation", Morocco has asked Adidas to cancel newly designed footfall tops for Algeria....Adidas released on Twitter a photo of the new 2022-2023 season kit for the Algerian national team it said was "inspired by culture and history"
Morocco and Algeria have long been at odds over the disputed territory of Western Sahara, where the Algiers-backed Polisario Front is seeking independence from Rabat's rule
Middle East plays well to become sports tourism hub
Major events such as Qatar World Cup 2022, Formula 1 Abu Dhabi Grand Prix, etc. will give Gulf tourism a...Major events such as Qatar World Cup 2022, Formula 1 Abu Dhabi Grand Prix, etc. will give Gulf tourism a boost in the last quarter of this year, according to a latest report
Amongst the GCC countries, the UAE, Saudi Arabia, and Qatar will see the majority arrival of travelers mainly from Asia, Europe, the Americas, Africa, and the UK, the report added
Specialized sessions on Metaverse opportunities held in Dubai
As many as seven side sessions were held on the first of the two-day specialized sessions on Metaverse.The first day's sessions discussed methods of an economically viable, inclusive and safe metaverse, focusing on governance, and economic and social value creation.
The first day of the Dubai Metaverse Assembly also included live demonstrations in web 3.0 and the metaverse introduced by SIAPartners.
‘Agri-tech, innovation key in improving farmers’ livelihoods’
UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the Agriculture Ministers’ Meeting in Bali...Innovation and agri-tech has helped UAE to support smallholder farmers and enhance their contribution to food security.
innovative agricultural methods are the building blocks of sustainable food systems, says UAE minister.
Four new Saudi fintech firms to work under legislative pilot environment
Riyadh, Saudi Arabia---The Central Bank of Saudi Arabia has authorized four new financial technology companies to work under the umbrella...Saudi Central Bank's approval for these firms brings the total number of such authorized companies to 42.
This step will achieve the objectives of enhancing and diversifying the innovations presented in the financial sector, promoting savings, payments and investment activities.
