Manufacturers pack smartphones with AI tools to boost sales
Barcelona, Spain - Smartphone makers are packing their latest devices with flashy new artificial intelligence tools such as real-time voice translation...Business
Alcoa to buy Alumina in all-stock deal
The US aluminum producer will buy Alumina for US$2.2bn.Business
Ajman Bank and Mastercard collaborate to launch Touch Card
Ajman Bank and Mastercard have partnered to launch Touch Card, a payment card that will allow blind and partially sighted...The Touch Card has been designed to work with point-of-sale terminals and ATMs
Moza Al Akraf Al Suwaidi, Undersecretary of the Ministry of Community Development, said it aligns with UAE’s social and community goals to promote an inclusive environment
Number of UAE bank employees surged to 34,330 in H1 2022: CBUAE
In its June 2022 report, CBUAE noted that the number of employees in the country’s banking sector increased to 34,332...CBUAE report noted that the number of employees in the country’s banking sector increased to 34,332 during H1 2022
A total of 27,545 employees work in national banks and 6,787 employees for foreign banks operating in the country
Market cap of Egypt’s bourse vaults by US$2.7bn in August
In spite of monetary policy tightening, Egypt has seen the market capitalization of its stock exchange vault by $2.7 billion...The market capitalization of listed companies’ shares grew 8.2 percent in August to $35.63 billion from $32.91 billion by July end
The total value traded during the month reached $5.2 billion, with a total of 6.6 million securities executed
TAQA to buy AlMansoori
The Saudi firm will buy UAE company for an unknown sum.The buyout is part of company's plan to expand TAQA’s Well Services business into the wider Middle East and North Africa region
AMPS will add complementary products and services to TAQA’s portfolio, including Early Production Facilities, Well Testing, Slickline, and Marine Stimulation Vessels
Latest technologies glamorize Gulf cosmetic industry
The UAE leads the region with adoption of developed regulations as technologies such as AI and VR have revolutionized the...The UAE leads the region with adoption of developed regulations as technologies such as AI and VR have revolutionized the diagnostics and treatments in the aesthetic sector
The global market for AI in beauty and cosmetics is expected to grow from its 2021 value of US$ 2.7 billion to a whopping US$ 13.34 billion by 2030, a healthy CAGR of 19.7%
Aldar acquires Spark Security
Spark Security Services employs over 5,000 security professionals.Aldar said the all-cash $34m acquisition strengthens its property and integrated facilities management platform to deliver a broader offering to customers.
Spark serves major organisations operating in a wide range of sectors, including infrastructure, banking, healthcare and hospitality.
G7 to ‘urgently’ implement Russian oil price cap
G7 industrialized powers vowed Friday to "urgently" move towards implementing a price cap on Russian oil imports in a bid...Households in Europe have borne the brunt of rising energy prices, with governments under pressure to alleviate the pain of the resulting high inflation.
Moscow would "simply not supply oil and petroleum products to companies or states that impose restrictions".
Jordan PM refers to shared views in meeting with Kuwaiti minister
Prime Minister of Jordan Dr. Bisher Khasawneh met Kuwaiti Minister of Information and Culture Abdul Rahman Al-Mutairi, who is in...The Jordanian PM reiterated to the Kuwaiti minister the two countries’ shared views on Arab, regional and international issues.
The Kuwaiti Minister is in Jordan to attend the 21st Amman International Book Fair.
DEWA’s R&D Center registers patent for robotic carrier
Dubai Electricity and Water Authority (DEWA) 's Research and Development (R&D) Center has registered its sixth patent for a user-friendly...DEWA's robotic carrier can transport glass panels or sensitive materials that require close care.
The robotic carrier can lift solar photovoltaic panels easily from any surface.
Dubai records weeklong real estate transactions worth $2 billion
Dubai, UAE--Dubai's real estate market recorded a total of 2.593 transactions worth AED7.4 billion ($2 billion) during the week ending...The statistics showed that 320 plots were sold for AED1.75 billion, and 1,720 apartments and villas were sold for AED3.55 billion.
The top three transactions were land in Saih Shuaib 3 that was sold for AED168 million, land for AED115 million in Island 2, and land sold for AED78 million Saih Shuaib 4.
