ArcelorMittal wants ‘amicable solution’ on Italy steelworks
ROME, ITALY - ArcelorMittal has offered to sell its stake or become a minority shareholder in an Italian steelworks after Rome...Business Economy
AI reshapes UAE’s business strategy, workforce skills
Nearly two-thirds (59 percent) of business leaders in the UAE express their commitment to increasing investments in advanced technology, says...Business
Drone swarms can now fly autonomously through thick forest
It's only a matter of a few years before we see such drones deployed in real-life work, said a roboticist...Swarms could be used during natural disasters as they do not rely on any outside infrastructure, such as GPS
Pentagon expressed interest in carrying out its own tests on swarms that shows, it could be weaponized by militaries
TOP CEO to discuss post-Covid GCC business scene
CEOs and market veterans from the region will review how the pandemic, which accelerated digital transformation, has given a competitive...CEOs and market veterans from the region will review how the pandemic, which accelerated digital transformation, has given a competitive edge to innovative businesses.
The conference’s mission is to facilitate connections, generate growth opportunities, recognize the GCC's most prominent executives and allow participants to exchange ideas freely.
Egypt to launch project for capturing and storing carbon di oxide
There will be a total of three projects on which Egypt and the Italian company Eni will work together.Egypt's Minister of Petroleum & Mineral Resources Tarek El Molla announced that investment cost of project is $25 million.
The first project focuses on the extraction of 350,000 tons of algae oil annually to be used in biofuel production .
Record Airbnb bookings in Q1
The firm says results signal travel rebound.Revenue in the first quarter was $1.5 billion, up 70 percent from the same period a year earlier, the company said.
The booking platform has found traction around the globe, but is fighting various regulatory challenges in several jurisdictions.
Qatar records real estate transactions worth $57m from Apr 17-21
Qatar recorded real estate transactions worth 207.8 million riyals ($57 million) during the third week of April, a decrease of...The deals in the third week include 32 vacant land deals worth 66.7 million riyals, accounting for 32 percent of the total value of the weekly transactions.
The highest average price for residential properties was recorded in Doha Municipality, which witnessed the execution of six deals worth 36.05 million riyals.
Activists urge ad boycott if Musk muddies Twitter water
The groups urged advertisers to require that Twitter maintain its content moderation policies as a non-negotiable term of doing business...Elon Musk’s $44-billion deal to buy Twitter must still get the backing of its shareholders and regulatory bodies
He has voiced enthusiasm for dialing back content moderation and no longer banning people for misusing the platform
Increase in Japan’s imports of UAE crude oil in March
This puts the UAE on the top of crude oil providers and at crucial importance for the Japanese energy needs.This puts the UAE on the top of crude oil providers and at crucial importance for the Japanese energy needs
Japan's total oil imports in March amounted to 89.15 million barrels, compared to 78.51 million barrels in February
Saudi real estate rides high on positive sentiment
Saudi Arabia's real estate sector continues to show promising signs, with increasing tourist numbers, consumers returning to retail stores, and...Q1 2022 saw an increase in the number of units built in Saudi Arabia's residential sector
In Q1 2022, Saudi Arabia's house price index rose by 0.4 percent compared to Q1 2021
Pfizer Covid pill sees demand
The drugmaker reported another round of strong earnings.The US pharmaceutical giant said its Paxlovid treatment for the virus would be a valuable means for governments to limit the severity of outbreaks
Pfizer Chief Executive Albert Bourla said the company is seeing “very strong signs of increasing demand for Paxlovid as it remains one of the best tools we have.”
VARA of Dubai to make entry into Metaverse through ‘Sandbox’
Dubai’s Virtual Assets Regulatory Authority (VARA) will enter into the Metaverse with the establishment of its Metaverse HQ in the...VARA is the world’s first regulator to make its debut in the Metaverse and seeks to ensure that the regulator is accessible to its industry
It was established to provide a secure and progressive operating framework for the virtual asset (VA) sector to be able to scale
