ADNOC partners with Viola Communications
They will utilize outdoor media-leasing spaces for advertising.Business
European Union slaps $1.9bn fine on Apple over violation of rules
Brussels, Belgium - The EU on Monday hit Apple with a more than 1.8-billion-euro fine ($1.9 billion) for violating the bloc's...Business Geostrategy Global
Tesla Model 3 joins Dubai corporation’s taxi fleet on trial basis
Tesla Model 3 has joined Dubai Taxi Corporation's fleet on trial basis, following the success of operating 172 Tesla vehicles...This follows the success of operating operating 172 Tesla vehicles in the limousine service since 2017.
The trial operation aims to verify the efficiency of the vehicle when deployed in the taxi fleet in the emirate, Dubai’s Roads and Transport Authority (RTA) said.
US airlines cancel hundreds of flights during holiday weekend
Airlines cancelled several hundred US flights Saturday at the start of a long and almost certainly messy holiday travel weekend...Transportation Secretary Pete Buttigieg put out a series of tweets that were essentially consumer tips on what to do if one's flight is cancelled
Airlines say they're working to address the situation, recruiting pilots and other staff and trimming summer seat capacity by 15 percent
France looks to invest in Saudi energy, technology sectors
France is looking to invest in energy, technology, water and industrial services sectors in Saudi Arabia, according to the French...The French government and the private sector are working to expand the number of companies operating in the Kingdom, which currently stands at about 135
The kingdom, according to the diplomat, is an attractive region with a suitable environment for investments in all its vital sectors.
Qatar First Bank buys Gateway Plaza
The move aims to deepen Doha-based bank's presence in US real estate market.The purchase is the bank's fourteenth investment under its new Shari'a compliant real estate investment strategy
The property houses the headquarters of prominent firms, with long lease terms and rental escalations
US companies struggle with rising dollar
The rapid rise of the US dollar since the start of the year is a double-edged sword for American multinational...For an importer, the surge in the greenback against the euro, yen or British pound is a plus, because it makes the products they buy cheaper
The greenback has risen 13 percent compared to the euro over the last 12 months, approaching parity, and gained 22 percent against the yen
Saudi and UAE stock markets end the week lower
The Saudi and UAE stock markets ended the week lower as concerns about slowing global economic growth impacted investor sentiment....Saudi and UAE stock markets ended the week lower, following Asian markets
Concerns about slowing global economic growth impacted investor sentiment
Jeddah Season 2022 concludes, 6m visitors attend events
Jeddah Season 2022 lasted for 60 days and was full of exciting shows, programs, activities that took place in 13...Jeddah Season this year lasted for 60 days and it was full of exciting shows
The shows, programs and activities took place across 13 locations in Jeddah
‘Technology has to fix fake news problem’
Faisal Abbas, editor of Arab News, believes that it is almost impossible that journalists alone can fix the problem of...He believes that fake news has always existed since time immemorial, and that social media quickened its spread around the globe
He feels that while technology can deduce manipulation and flag it, media around the world ought to combat fake news too
Saudi Arabia to build first carbon-free smart city
AlNama smart city being developed in Saudi Arabia will be a zero-carbon community, according to the Dubai's URB entrusted with...Spread over an area of 10 square kilometers in Riyadh, the hospitality hub will create around 10,000 jobs including green-tech industries to create a ‘green circular economy’
The project is planned to provide 11,000 residential units and an eventual population of 44,000 people
Equity markets mixed as eurozone inflation hits record
Wall Street stocks shrugged off early weakness to begin the second half of 2022 on a solid note Friday, but...Investors are coming off the worst six-month start to a year for the S&P 500 since 1970
The ECB stated last month that it will deliver its first interest rate hike in more than a decade in July to combat inflation
