Demand for lifestyle experiences in GCC has increased: SHG CEO
Dubai, UAE -- Sunset Hospitality Group (SHG) is more than just a collection of hotels, restaurants, and beach clubs. Renowned...Business
Swiss prosecutors probe Libyan gasoil ‘looting’
"A maritime gasoil smuggling network resulting from the looting of Libyan state oil refineries was allegedly carried out between 2014..."A maritime gasoil smuggling network resulting from the looting of Libyan state oil refineries was allegedly carried out between 2014 and 2015," Swiss state prosecutors said
In an investigation published in March 2020, the NGOs Public Eye and TRIAL International accused Swiss traders Kolmar Group of being linked to the allegations
FBI accuses North Korea hackers of $620m cryptocurrency heist
The hack, which last month targeted players of the popular game Axie Infinity, was one of the biggest to hit...Axie Infinity is a game where players can earn cryptocurrency through game play or trading their avatars
Last month's theft came just weeks after thieves made off with around $320 million in a similar attack
Brands track trends, behaviors of consumers in Gulf region
Brands have realised the importance of mobile advertising and smartphones and are utilizing them to capture the attention of target...Brands need to decide how much they should invest in which medium to make their voices heard by their potential customers
66 percent consumers generally do Ramadan shopping with their smartphones directly via mobile ads, researches suggest
Twitter board considers Elon Musk takeover bid
Twitter's board said it would carefully review what it termed Elon Musk's ‘unsolicited, non-binding’ offer and decide on a course...The proposal faces uncertainty on multiple fronts, including possible rejection and the challenge of assembling the cash
Meanwhile, it could have wide-reaching impacts on the social media service if Musk manages to buy the platform
Petrobras names new CEO
Jose Mauro Coelho was appointed to the post for a one-year term.Jose Mauro Coelho is the third Petrobras CEO in just over a year after President Jair Bolsonaro fired his predecessors in a standoff over fuel prices
He was the government's choice to succeed Joaquim Silva e Luna, who was ousted by Bolsonaro last month after slightly more than a year in the post
Dubai records realty transactions worth $463m on Thursday
The Dubai real-estate market recorded total realty transactions worth over AED1.7 billion ($463 million) on Thursday, April 14.The transactions included 331 sales worth AED1.24 billion ($337.64 million), the DLD data showed
They are also said to have included 77 mortgage deals worth AED390.84 million ($106.42 million)
Abu Dhabi to host World Utilities Congress in May
Abu Dhabi will host World Utilities Congress in May, bringing together more than 10,000 global utilities professionals to explore topics...The World Utilities Congress will be held under the patronage of Sheikh Khaled bin Mohammed bin Zayed Al Nahyan
The digitalization of the utilities sector will be delved deeper into at the conclave, with a dedicated strategic panel on Digital Transformation and Technological Innovations
Ecuador starts oil mining in protected area of Amazon rainforest
Current President Guillermo Lasso has plans to double Ecuador's oil production in spite of opposition from indigenous communities and environmentalists.Extraction of 3,600 barrels per day started in the Ishpingo oil field, one of the three oil fields containing more than 40 percent of country's crude.
The three fields together hold over 1 billion of former OPEC member Ecuador's 4 billion barrels of proven oil reserves.
Volkswagen posts Q1 profit
The German auto giant said operating profit rose to $9.3bn.The group's operating profit rose to 8.5 billion euros ($9.3 billion) over the first three months of the year
The boost was down to strong "operating performance" and a positive effect of 3.5 billion euros
Ajman Free Zone becomes Amazon Web Services Activate Provider
Ajman Free Zone (AFZ) announced today that it has become an AWS Activate Provider. Startups affiliated with the AFZ, which...The AWS Startup Activate program offers grants up to $25,000 to qualified startups, as well as offers of exclusive credits, discounts, and software service access.
Qualified startups can obtain credits and partner funding, along with a business support plan credits of up to $5,000, through the AWS Startup Migrate program.
