WTO approves services trade rules, overcoming objections
The set of rules will streamline authorization requirements and ease procedural hurdles faced by businesses, according to a press release....Business
IHC posts net profit of US$8.97bn
Its revenue jumped to US$16.33 billion, a rise of 17.9 percent.Business
Gulf International Bank continues partnership with Beehive
The strategic partnership, which initially began in 2020, brought to market a new digital GIB financing platform to ensure swift...The strategic partnership, which initially began in 2020, brought to market a new digital GIB financing platform to ensure swift and efficient access to finance
The platform is fully digital and includes a sophisticated online decision making and lending process to provide faster and more accessible financing
AI-based call centers cut costs, ring in better KPIs
Conversational AI contact center deployment saves agents US$80bn in labor expenses by 2026, while global spending on it is expected...Conversational AI contact center deployment will save agents US$80bn in labor expenses by 2026, while global spending on it may hit US$1.99bn by 2022, says a report
According to a Gartner estimate, the percentage of automated AI-powered interactions with human agents will rise to a whopping 10 percent by 2026
Siemens bags Egypt project
The company will upgrade power distribution system in Alexandria.Implementing advanced software solutions and automation devices will help Alexandria Electricity Distribution Company increase efficiency.
A total of 300,000 smart meters will be supplied, including the necessary hardware and software to establish an advanced metering infrastructure.
UAE, Serbian Presidents discuss bilateral relations
UAE President Sheikh Mohamed bin Zayed Al Nahyan discussed with Aleksandar Vucic, President of Serbia, cooperation between their countries and...The two leaders discussed a number of regional and global issues and developments of mutual concern.
The two leaders explored UAE-Serbia cooperation in investment, economic, trade, science, technology, food security, agriculture, among others.
Dubai’s RTA releases Sustainability Report 2021
Dubai's Roads and Transport Authority (RTA) has published its seventh Sustainability Report 2021. The report showcases RTA's practices in matters...The report showcases RTA's practices in matters related to the environment, society and governance.
RTA had developed a roadmap to achieve zero-emission from public transport means by 2050.
EU commercial flights surge 25 percent in August 2022
Brussels, Belgium - The number of commercial flights in August 2022 in the EU increased 25 percent compared to August...The numbers are still below the pre-pandemic levels, but the gap is eventually decreasing.
Also, some EU airports recorded increase in the total commercial flights compared with 2019.
UAE earns $5bn from tourism in H1, expects more from World Cup
A strong performance is expected this winter when neighboring Qatar hosts football's World Cup. Hotel occupancy was up more than...Dubai airport, the world's busiest for international travel pre-pandemic, handled 27.8 million passengers in the first half of this year.
A quick vaccination roll-out allowed the UAE to bounce back quickly from the pandemic, enjoying a sharp uptick in visitors as Dubai.
Dubai FDI wins UN award for best practices in tracking investments
The Dubai Investment Development Agency (Dubai FDI) at the Department of Economy and Tourism (DET) gained international recognition for its...Dubai FDI Monitor tracks and records five different types of foreign direct investment in real-time.
The Monitor tracks and records FDI and new forms of investments using advanced methodology and smart features.
DEWA plans cash dividend for H1
Firm plans to give cash dividend of US$844m.DEWA's first general assembly meeting will be held physically and virtually on October 10, 2022.
The assembly will vote on the recommendation of Board of Directors concerning a cash dividend distribution for H1 2022.
Gas shortage threatens French yoghurt production
The French are big on yoghurt, behind only the Dutch in consumption per capita. It is not only a breakfast...Like many countries, France plans to shut off businesses first if there is not enough gas or electricity, with European nations facing the prospect of energy shortages this winter.
French Prime Minister Elisabeth Borne warned industry leaders at the end of August that energy rationing was a risk this winter and urged them to quickly cut consumption.
