Milrem and UAE sign world’s biggest defense robotics order
Abu Dhabi, UAE - EDGE Group entity Milrem Robotics signs a contract to supply 20 tracked robotic combat vehicles (RCVs)...Business
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
Abu Dhabi’s non-oil foreign trade in Q1 grows by 15 percent to $16.74 billion
Abu Dhabi’s non-oil foreign trade in the first quarter (Q1) of 2022 amounted to AED61.522 billion ($16.74 billion), a 15...Exports grew by 35 percent in the first three months of the year compared to the same period of last year to reach AED24.449 billion.
Saudi Arabia accounted for the largest share of total trade of 23 percent, valued at AED13.921 billion.
Apple looks to foil secret AirTag tracking with tweaks
Apple said it is working on enabling iPhones to more precisely locate AirTags to help people find any planted without...AirTags can be used for synching wirelessly to iPhones, iPads or iPod Touch devices to signal where it can be found
Reports surfaced of AirTags being secretly stuck on a car to later steal it or find out where the owner is headed to
