Alhokair Group wins $202m contract
Alpha Facilities Contracting Company has awarded the contract.Company News Business
Qatar Chamber discusses ways to boost ties with Korean companies
Doha, Qatar--The Qatar Chamber (QC) discussed ways to enhance cooperation and exchange expertise with Korean companies in agriculture and food...Business
SoftBank posts record loss as tech shares nosedive
Japanese investment giant SoftBank Group on Thursday logged a record annual net loss after a bruising year that saw its...In the past six months, the tech-rich US Nasdaq index has lost more than 28 percent of its value
The Japanese group's losses were deepened by the many shares it holds in Chinese ride-hailing giant Didi Chuxing and e-commerce group Alibaba
Energy firms’ climate commitments lack credibility: report
The climate commitments of global energy giants lack credibility as they rely on costly technologies that have yet to be...The research found that so far only four of the firms have made pledges that include a reduction in the emissions generated by the use of their products
And only four have set 2030 reduction targets, which are important in driving quick progress and being able to evaluate progress
Siemens profits down in Q2
Russia sanctions have cut the company's earnings by 600m eurosSanctions imposed on Russia following the invasion of Ukraine have cut Siemens' earnings by around 600 million euros
The Munich-based conglomerate confirmed its full-year outlook, targeting growth in revenue of between six and eight percent
Air Arabia Q1 profit at $79.24m
The profits were up 756% compared to $9.26 million in 2021.More than 2.4 million passengers flew with Air Arabia between January and March this year, across the carrier’s five hubs
This marked an 86-percent increase compared to a total of 1.3 million passengers carried in the first quarter of last year
World’s biggest YouTuber PewDiePie moves to Japan
The 32-year-old has a huge online following, with 111 million subscribers on YouTube, but has faced controversy over offensive jokes...PewDiePie has landed himself in hot water several times, including for videos containing anti-Semitic remarks and racial slurs
In 2016, the YouTuber was temporarily blocked from Twitter after he joked that he had joined the Islamic State group
Google making smartwatch in ‘ambient’ computing push
Google is also working on a Pixel tablet computer, which is expected to be released next year.Google will launch the Pixel Watch and a new premium Pixel 7 smartphone by the end of 2022, with pricing and other details to be disclosed closer to the launch
Google's first Pixel smartwatch is expected to integrate health features from Fitbit, which Alphabet bought for $2.1 billion in 2021
Saudi Aramco overtakes Apple as world’s most valuable company
The Saudi Arabian national petroleum and natural gas company, billed as the largest oil producing company in the world, was...Oil giant recently reported a 124 percent net profit surge for last year, hours after Yemeni rebels attacked its facilities causing a "temporary" drop in production
Aramco president and CEO Amin Nasser cautioned that the company's outlook remained uncertain due in part to "geopolitical factors."
Creative sector woos global investors to Gulf region
The regional economies in the creative sector are growing at a faster rate than inflation, says Michael Garin, General Director...The regional economies in the creative sector are growing at a faster rate than inflation, says Michael Garin, General Director of Abu Dhabi Creative Authority
However, profound disruption of supply chains and the availability of critical materials in a timely manner remain a crucial challenge for the Gulf countries
DEWA develops terminals for nanosatellite DEWA-SAT1
The terminals provides hybrid connectivity with both the Long-Range (LoRa) IoT terrestrial network operated by InfraX, and DEWA's nanosatellites.DEWA launched it as part of its Space-D program and became the first utility worldwide to use nanosatellites to improve operations.
DEWA Research Center developed the satellite IoT terminals to connect DEWA's assets to the satellite directly and be suitable for grid applications.
Emirates shares could be placed for IPO, says chairman
The flagship carrier’s chairman, Ahmed Al Maktoum was reported to have announced plans by Emirates to repay 15 billion dirhams...The chairman noted that the decision to sell shares to the public is up to the government of Dubai
The potential IPO will be an extension of an ongoing share-sale spree of government-owned entities
