Macy’s rejects $5.8bn takeover deal
The company also owns the Bloomingdale's store chain.Company News Business
Bahrain Q4 2023 imports increase to US$3.92bn
MANAMA, BAHRAIN - The Information eGovernment Authority (iGA) has published its foreign trade report of Bahrain for Q4 2023, covering...Business Economy
Vintage Mercedes sold for $143m at auction
A 1955 Mercedes-Benz, one of only two of its kind, was auctioned off earlier this month for a whopping $143...The Mercedes-Benz 300 SLR Uhlenhaut was sold to a private collector, the classic car auction company said in a statement
The car is one of just two prototypes built by the Mercedes-Benz racing department and is named after its creator and chief engineer, Rudolf Uhlenhaut
IEA calls on G7 to be ‘first movers’ in lowering CO2 emissions
The International Energy Agency (IEA) has said that G7 economies are well placed to be first movers on driving down...The IEA believes that the richest nations can set out a path for the rest of the world for this essential part of the transition to clean energy systems
G7 members account for around 40% of the global economy, 30% of energy demand and 25% of energy system CO2 emissions
Hive mind: Tunisia beekeepers abuzz over early warning system
In Tunisia the beehive sector employs some 13,000 people and produces some 2,800 tonnes of honey.In Tunisia the beehive sector employs some 13,000 people and produces some 2,800 tonnes of honey
The SmartBee app offers more than an early warning system and the data it collects also tells beekeepers about the productivity of each hive
Smart money is in video games, Web3: Futurist at TOP CEO event
Raford contended that people should invest in video games, as it is the only successful digital economy so far.Raford contended that people should invest in video games, as it is the only successful digital economy so far
The metaverse, he said, has extraordinary potential and Dubai is moving rapidly to take advantage of it
Solar ACs to help FIFA players, fans chill in Qatar
The state-of-the-art air conditioning will become the norm for mega sports events, says Saud Abdulaziz Abdul Ghani who worked for...The cooling system, being used in the Qatar's World Cup stadiums, is 40 percent more "sustainable" than existing techniques, say World Cup organizers
The solar-powered cooling system will keep the players and turf healthy and even eliminate body odour in a packed stadium, says 'Dr Cool'
UAE tourism sector set new record in Q1 2022 : Tourism Minister
Tourism is deemed one of the future sectors and a key focus area in the UAE’s development vision for the...According to tourism figures for Q1 2022, the country's hotel establishments attracted nearly 6 million visitors
The average duration of hotel guest stays reached 25 percent during the same period, up from 3 nights to 4 nights
UAE and Turkey export credit agencies to enhance trade ties
Etihad Credit Insurance (ECI), the UAE Federal export credit company, has signed a Memorandum of Understanding (MoU) with Turkey’s export...The two export credit agencies will work together to facilitate trade and export and ease access to credit insurance and project financing, ECI said in a statement.
Turkey is the UAE’s seventh-largest trading partner, with the non-oil trade between the two reaching AED 49.4 billion.
Alpha Dhabi to invest $2.5 bn in Chimera
The fund will target investments in tech-enabled businesses.The investment comprises a capital contribution of AED2.6 billion and an undrawn capital commitment of AED6.6 billion.
The fund's investment emphasis aligns with Alpha Dhabi's growth strategy, which focuses on investment in disruptive technologies.
Etihad Rail signs expertise-exchange MoUs with Spanish, UK firms
Etihad Rail has signed three Memoranda of Understanding (MoUs) with Renfe, Spain’s national railway operator; High Speed 1, the first...The MoUs were signed during the second day of Middle East Rail 2022, which is hosted by Etihad Rail in partnership with the Ministry of Energy and Infrastructure.
Middle East Rail is the largest transport event in the Middle East, North Africa and South Asia, will bring together leaders of the entire transportation community.
UAE-Germany non-oil trade 10.5 percent to $9.5 billion in 2021
The non-oil trade between Germany and the UAE amounted to $9.5 billion during 2021, a 10.5 percent increase compared to..."Our economies are both very much geared for the possibilities of the future," Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade
Al Zeyoudi said that Germany has become UAE's most important trading partner in the Middle East.
