Toyota to invest US$2.2bn in Brazil
The automaker will beef up production of hybrid vehicles.Business
Tesla stops production at German plant after suspected arson attack
Michael Stuebgen, interior minister for Brandenburg state, said that "if initial findings are confirmed, this is a perfidious attack on...Business
Cyberthreats put critical infra at risk in Middle East
Top cyber security experts speak to TRENDS about primary threats to critical infrastructure providers and how to build effective defenses.The impact of some cyber attacks was felt far beyond the organizations impacted directly and, in some cases, across the world.
Gartner recently reported that only 60 percent of organizations globally protect endpoints.
UAE minister discusses CEPA, investments with local companies
Minister of Economy and Chairman of the UAE International Investors Council Abdullah bin Touq Al Marri said, in a meeting,...UAE International Investors Council has set up a platform to protect the interest of Emirati companies and investments abroad
UAEIIC meeting discussed the advantages offered by the comprehensive economic partnership agreements signed with India, Israel and Indonesia
Abu Dhabi Chamber holds session on Emiratization in private sector
The Abu Dhabi Chamber of Commerce and Industry has organized an awareness session on increasing Emiratization rates in the private...A number of topics were discussed during the session including encouraging young Emirati talents to join the private sector
The UAE government has announced a comprehensive federal program 'Nafis' for increasing Emiratization rates in the private sector
Saudi Arabia’s Industrial Production Index grows by 24 percent in May
Saudi Arabia’s Industrial Production Index (IPI) grew by 24 percent in May 2022 compared to the same period last year....The growth is the third highest rise in the last three years, according to the kingdom’s General Authority for Statistics (GASTAT).
GASTAT said the growth of the IPI turned positive in May 2021 after a long period of negative growth rates in 2019 and 2020, partly impacted by Covid 19.
$5.76bn French factory on cards
STMicroelectronics and GlobalFoundries to invest in semiconductor unit.Expected to employ around 1,000 people, the factory should reach full capacity by 2026.
Chip factories like STMicroelectronics's produce integrated circuits on 300-millimetre (12-inch) circular "wafers" of silicon.
Uber docs reveal bare-knuckle expansion tactics: report
A leaked cache of confidential files from ride-sharing company Uber illustrates ethically dubious and potentially illegal tactics it used to...Culled from 124,000 documents from 2013-2017 initially obtained by British daily the Guardian, the revelations are the latest hit for a company dogged by controversy
The cache includes unvarnished text and email exchanges between executives, with standouts from co-founder and former chief executive Travis Kalanick
Three first phase buildings of Grove District sell out: Aldar
37% of sales were completed by non resident investors, 27% by expatriate residents, and the remainder by UAE nationals.37% of sales were completed by non resident investors, 27% by expatriate residents, and the remainder by UAE nationals
Due to increased demand, apartments at Grove Gallery Views are now available for purchase by buyers of all nationalities
Apex banks under pressure to deliver lower inflation
The world economies are staring at the deep recessions and more financial instability. If inflation does not moderate significantly over...Global bond and equity markets have been particularly volatile in recent weeks, says the latest Qatar National Bank report
The main driver of the volatility was the multitude of negative prints coming from inflation figures in key economies, it adds
Top social media sites become haven for crypto fraud
Instagram accounts for 32% of all fraud cases on social media, followed by Facebook and WhatsApp as scammers find it...Most recorded crypto scams originated on social media as investment fraud
Yet, few safeguards are in place to protect consumers from scams in the crypto market
Twitter-Musk affair heads for bitter end
Courted and then jilted by the world's richest person, Twitter looks well-positioned to win a court battle with Elon Musk...Musk sent a letter to Twitter on Friday saying he was pulling out of controversial Twitter deal
If Twitter wins in court, Elon Musk will, at a minimum, have to pay a few billion dollars in damages
