‘AR, VR and video analytics shaping imaging industry’
Canon focuses on innovation, integrating AI-driven features, deep learning and machine learning to meet changing customer needs, says a top...Business
Qatar Central Bank issues treasury bills, sukuk worth US$686m
DOHA, QATAR - The Qatar Central Bank issued treasury bills and sukuk with maturities of one week, one month, three...Business Banking & Finance Designated Markets
Dubai airport gears up to ease transit travel for World Cup supporters
Dubai International Airport, a major aviation hub, is gearing up to help ease transit travel for World Cup supporters ahead...The first World Cup ever held in a Middle Eastern country is set to kick off in Qatar on November 20, and will last until December 18.
Gulf states have agreed to ease administrative procedures for fans in transit, in particular through the United Arab Emirates.
Number of UAE-based private sector employees grows by 9% in Q2
The Ministry of Human Resources and Emiratisation said in its private sector workforce report that the construction sector accounted for...Twenty-six percent of the total private sector workforce registered with the Ministry are in the construction sector, followed by 21 percent in the trade and repair services.
Agriculture sector marked the highest (70 percent) growth in the number of new work permits issued, followed by social and personal services.
UAE, Saudi achieve above 60 percent pre-Covid travel recovery
Travel recovery witnessed in the UAE and Saudi Arabia has been very strong, according to a survey of nearly 2,000...A total of 98 percent of respondents in Saudi Arabia and 95 percent in the United Arab Emirates have used airport lounges in the past. .
Passengers from the UAE made an average of four return trips in 2021, which is a 67 percent recovery from the pre-pandemic average number of six return trips.
Uniper, German energy giant, records net loss of $12.5bn in H1
Russia's war in Ukraine has caused turmoil in European energy markets, especially in Germany, which is heavily dependent on Russian...Uniper on Wednesday reported heavy first-half losses which it blamed on Russia squeezing gas deliveries in the wake of the Ukraine war.
The German government agreed in late July to take some 30-percent stake in Uniper, which was threatened with bankruptcy as a result of the crisis
Saudi PIF buys shares in Alphabet, Zoom, Microsoft
The Fund purchased 1.8 million shares of Microsoft, 4.7 million class A shares of Zoom, and 213,000 class A shares...The Fund purchased 1.8 million shares of Microsoft, 4.7 million class A shares of Zoom, and 213,000 class A shares of Alphabet
It also acquired shares in JPMorgan and BlackRock, buying 3.9 million shares and 741,693 shares respectively
Lebanese man who took bank staff hostage let off
Bassam al-Sheikh Hussein held bank staff hostage in Beirut last week to demand access to his trapped savings. After a...A judicial official said that Hussein has since been released but still faces possible charges by the state
The state media reported that he took the drastic action to access his savings so he could pay for surgery for his father
ACWA Power to sign $2.4bn wind power project deal in Uzbekistan
ACWA Power Company will join hands with Uzbekistan in order to enter into a $2.4 billion deal for a 1,500-megawatt...It will be the biggest onshore wind project in the region and will contribute 19 percent to Uzbekistan’s overall renewable energy goals
The plant once completed will power 1.65 million households and offset 2.4 million tons of carbon emissions per year.
Musk says tweet about buying Manchester United was a joke
The world's richest man has a habit of posting provocative statements on Twitter for fun and Musk was at it...Musk, who recently sold nearly $7 billion worth of Tesla shares, is in a major legal battle in the US state of Delaware over his aborted plan to buy Twitter
Manchester United, one of the biggest clubs in world football but suffering a prolonged slump, are owned by the Glazer family
Dallah reports 52% profit rise
The healthcare company saw its profit vault to $40m in H1.The company's stock however posted a 1.9 percent drop in early Tuesday trading, but then rebounded to close 0.9 percent higher at SR118
The uptick in revenues came on the back of continued growth in operations and higher hospital admissions during the six-month period
Abu Dhabi Airports teams up with ICP to boost passenger service
The partnership aims to achieve the highest levels of service excellence at all terminals and facilities of Abu Dhabi Airports.The agreement stems from Abu Dhabi Airports and ICP’s keenness to adopt best practices in areas of security, safety and air transport
Shareef Hashim Al Hashmi, CEO of Abu Dhabi Airports, said the collaboration is intended to enhance passenger experience at Abu Dhabi airports
