Fit at 40: the revolutionary Apple Mac in numbers
Paris, France - Forty years ago Steve Jobs revolutionised personal computing by launching the Apple Macintosh, the first PC with a...Business
GCC at the forefront of 2024 sukuk market expansion
This year, emerging markets, led by the UAE, issued record bonds against declining yields and expected rate cuts by major...Business
Shanghai lockdown snarls world’s busiest port and China supply chains
Beijing has refused to budge from its strict zero-Covid strategy, and that has forced many companies to halt production and...Shanghai has been sealed off almost entirely for a week following a Covid-19 outbreak fueled by the Omicron variant
The financial hub of China, Shanghai is home to multinational firms and as well as the country’s busiest port
First private mission readies for launch to ISS
Takeoff is set for 11:17 am (1517 GMT) from the Kennedy Space Center in Florida on a SpaceX rocket.Commanding the Axiom-1 mission will be former NASA astronaut Michael Lopez-Alegria, a dual citizen of the United States and Spain
He accompanies American real-estate investor Larry Connor, Canadian businessman Mark Pathy, and Israeli fighter pilot-turned-entrepreneur Eytan Stibbe
Air travel recovery gathering steam as Covid restrictions eased: IATA
The accelerated growth recorded in February 2022 compared to a year ago, is helping passenger demand catch up to 2019...The traffic of Middle Eastern airlines rose 215.3 percent in February compared to February 2021
This was well up compared to the 145.0 percent rise in January 2022, versus the same month in 2021
Toshiba pauses spin-off plan
The Japanese firm will now weigh the possibility of going private.It was the latest setback for the engineering giant, which was once a symbol of Japan's tech and business prowess
Toshiba has since then faced a series of scandals, financial troubles and shock high-level resignations in recent years
Shell to lose $5 bn
Nations and their companies have axed business ties with Russia over Ukraine.Shell is gradually withdrawing from Russia owing to the war due to the UK government policy.
Shell previously apologized for buying a cargo of Russian oil at a vast discount following the invasion.
EU passengers can claim compensation for delays even outside Europe
EU travelers who book flights through a European airline can claim compensation in the event of a major delay of...The European Court of Justice said that the entirety of a journey that was subject to a single reservation fell under the EU's rules on flight delays.
The court was hearing a case that involved a journey booked through German carrier Lufthansa for three passengers from Brussels to San Jose in California.
EGA, Ma’aden tech cooperation
The two will explore potential collaboration in the aluminum value chain.The two firms will also consider cooperation in managing by-products from processes in the aluminum value chain
EGA has developed its own aluminum smelting technology for more than 25 years.
DFSA regime to provide whistleblowers enhanced legal protection
Enhanced legal protection will be provided to persons who report financial misconduct internally within the entities regulated by Dubai Financial...DFSA regulatory regime for whistleblowing is the first of its kind to be introduced by a financial service regulator in the UAE.
The regime applies to all DFSA Regulated Entities operating in or from the Dubai International Financial Centre.
dnata to expand cargo operations into Germany by acquiring Wisskirchen
dnata announced expansion of its European footprint through the planned acquisition of Germany-based Wisskirchen Handling Services (Wisskirchen). Subject to government...dnata has executed agreements with the owner of Wisskirchen, Oliver Hellwig, to acquire 100 percent of the shares in the company
The acquisition is subject to approval by the Federal Ministry for Economic Affairs and Climate Action in Germany
ADDC, Abu Dhabi University join hands for energy innovations
The Abu Dhabi Distribution Company (ADDC), a subsidiary of Abu Dhabi National Energy Company (TAQA Group), has signed a Memorandum...The cooperation aims to promote ties between both entities through training programs and knowledge exchange
The agreement was signed at ADU’s main campus by Saeed Al Suwaidi, Managing Director, ADDC, and Professor Waqar Ahmad, Chancellor, ADU
