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
Twitter employees to meet Musk
They are concerned about his influence on the company board.The social media company named Tesla Chief Executive Elon Musk to the board on Tuesday
It came after he acquired a more-than-9-percent stake in the company, making him Twitter's largest shareholder
Tech savvy UAE becomes Arab world’s digital hot spot
The UAE has earned a unique distinction of becoming the only Arab country to be propelled into the premier club...UAE is considered one of the world's most attractive countries for digital talent, while Dubai and Abu Dhabi are both listed in the top 10 cities for digital talent
The UAE has been named the second most attractive place to relocate to work in the digital sector in a latest survey by Boston Consulting Group
Audi, Porsche eye entry into F1
The firms aim to burnish their green technologies and ambitions.Audi will only join the championship on "condition" that the regulations from 2026 "provide for extensive changes for a more sustainable sport".
The firms have said a final decision in this regard is yet to be made.
Weekly real estate transactions worth $1.44 bn recorded in Dubai
A total 2,012 real estate transactions worth 5.3 billion ($1.44 billion) were conducted in Dubai during the week ending April...A total of 236 plots were sold for AED 1.07 billion, while 1,415 apartments and villas were sold for AED 2.96 billion.
A total of 53 properties were granted between first-degree relatives worth AED 269 million.
Saudi Arabia to penalize owners for not fencing their ‘vacant land’
The Ministry of Municipal, Rural Affairs and Housing of Saudi Arabia has asked owners of vacant plots of land to...The ministry intends to beautify the urban landscape, protect property from encroachments, reduce visual distortions, encourage citizens to become environmentally friendly
The ministry said that Riyadh, Dammam, Makkah, Al-Madinah and Jeddah are the target cities in the first phase where the decision will take effect
DIFC launches ‘Studio Launchpad’ focused on ubiquitous finance
Dubai International Financial Centre (DIFC) has announced the launch of Studio Launchpad, saying it is the world’s first venture studio...The Launchpad is supported by an international group of venture building experts, digital asset pioneers and emerging technology strategists.
 Studio Launchpad is designed to attract and engage a consortium of leading start-up and corporate venture studios.
SAMA directs banks to stop opening online accounts
SAMA, the Saudi Central Bank, has directed banks in the kingdom to put a stop to the opening of online...As per the new measures that will take effect starting April 10, accounts are to be opened through branches only
Other measures include limits on daily electronic transfers and holding the international transfers for 24 hours
Tesla recalls 128,000 cars
The company said the fault could increase the risk of vehicle collision.It is the latest hitch for the US electric vehicle giant that is hugely popular in China, but has also faced complaints from consumers and been hit by Covid-19 lockdowns.
Tesla sold a record 70,847 cars in China in December, facing stiff competition from homegrown brands such as Nio and XPeng.
Saudi Re endorses capital hike
The hike to SR1.336bn will be used to fund expansion plans.The hike from SR891 million ($237.5 million) to SR1.336 billion through a rights issue would support its future expansion activities
Pending approval of the Saudi Central Bank, the Capital Market Authority, and other regulatory authorities, this move will strengthen Saudi Re’s capital base
Ma’aden extends MoU with Emirates Global Aluminium
The MoU will enable the two companies to deepen the focus on R&D, aiming at both conventional and green technologies.The MoU will enable the two companies to deepen the focus on R&D, aiming at both conventional and green technologies
Ma’aden’s operates the largest vertically integrated aluminium complex in the world in Ras Al Khair on Saudi Arabia’s east coast
