WEF24: DCO leads in bridging global digital divide
Digital Cooperation Organization's initiatives are key to empower emerging economies through digitalization's full potential, its Secretary General Deemah AlYahya tells...Business Video
Airbus and Tata to build helicopter assembly line in India
Paris, France - Airbus will build a helicopter assembly line in India with Indian conglomerate Tata, the European aircraft manufacturer said Friday.The...Business Culture & Society
Japan’s Sumitomo will build its largest factory in Egypt
The facility, to be located in the 10th of Ramadan city, will be built over an area of 150,000 sq....The facility, to be located in the 10th of Ramadan city, will be built over an area of 150,000 sq. meters, according to a Cabinet statement
The project, said the managing director of Sumitomo Egypt, Ahmed Magdy, will take a year and a half to be completed and is expected to start operations by 2023 end
More sectors adapt to crypto payments in the UAE
As the number of people in UAE who deal in cryptocurrency rises, sectors like real estate, hospitality and travel have...As the number of people in UAE who trade in cryptocurrency rises, several sectors including real estate, hospitality and travel have started accepting cryptocurrencies for payments
In the UAE, over 54 percent of 18-35-year-old consumers either hold or plan to have crypto assets in the next 12 months
Sharjah sees Dh6bn in real estate deals in Q1
The emirate is currently witnessing the launch of related commercial, industrial and residential projects in various cities.The emirate is currently witnessing the launch of related commercial, industrial and residential projects in various cities
Al Shamsi also highlighted the importance of the acres real estate exhibition, which the Sharjah Real Estate Registration Department organises annually
Twitter agrees to share data with Musk to end standoff
Twitter will yield to Elon Musk's demand for internal data central to a standoff over his troubled $44 billion bid...Twitter chief executive Parag Agrawal has said that fewer than five percent of accounts active on any given day at Twitter are bots
The mercurial Musk agreed to buy Twitter in a $44 billion deal in late April
UAE Central Bank predicts country’s GDP to grow by 4.2 percent in 2023
The CBUAE projected the real GDP growth to reach 5.4 percent in 2022, after the growth jumped to 3.8 percent...In its Annual Report for 2021, the CBUAE estimated the non-oil GDP growth to reach 3.9 percent in 2023.
The oil GDP growth will reach 5 percent in 2023, compared with earlier estimates of 3.4 percent.
Stock markets slow as investors weigh recession prospects
The OECD on Wednesday warned that the world economy would pay a "hefty price" for Russia's invasion of Ukraine as...European stock markets were lower Wednesday approaching the half-way stage.
All eyes are on the release of US inflation data for an idea about the future Fed rate hikes.
Credit businesses need to increase access to finance: EDB CEO
Ahmed Mohamed Al Naqbi, Chief Executive Officer of Emirates Development Bank (EDB), has called on the local and regional banking...Ahmed Mohamed Al Naqbi was speaking at Bonds, Loans & Sukuk Middle East 2022, which was held in Dubai.
Bonds, Loans & Sukuk Middle East Bonds hosted 70-plus speakers, 550-plus sovereign, corporate and financial institution borrowers and 200-plus investors and lenders.
ADU Holding rebranded NEMA
NEMA Holding to establish academic arm, NEMA Education.NEMA Education's portfolio includes several higher education institutions and professional training companies, including Abu Dhabi University.
NEMA Education has over 10,000 students across its educational institutions and thousands of others who receive professional training through its training institutions.
Zara owner Inditex profits up
The company's net profit increased by 80 percentThe world's biggest fashion retailer said its net profit increased by 80 percent in the first three months of its financial year to April 31
The fashion group, which owns eight brands including upmarket Massimo Dutti warned earlier this year that 2022 sales would be impacted by Russia's invasion
DP World to run Southampton terminal on vegetable oil
DP World's Southampton container terminal will now be run on vegetable oil instead of the usual diesel fuel to scale...Diesel previously accounted for 90 percent of the terminal’s emissions but Hydrotreated Vegetable Oil (HVO) eliminates more than 80 percent of net carbon dioxide emissions
DP World first trialed HVO last year, using the fuel in its forklift trucks, reefer (refrigerated unit) generators and straddle carriers
