Japan’s Moon craft SLIM revives after lunar night
TOKYO, JAPAN – Japan's Moon lander has produced another surprise by waking up after the two-week lunar night, the country's space...Business Global Science
Goldman Sachs, Mubadala ink pact
The two firms have signed a $1 billion private credit deal.Company News Business Economy Global
Empower provides district cooling services to 17% of the hotels in Dubai
Empower revealed this at the launch of the ‘Arabian Travel Market 2022’, which is being held at the Dubai World...Empower revealed this at the launch of the ‘Arabian Travel Market 2022’, which is being held at the Dubai World Trade Centre
Empower expects its growth in the share of the hospitality sector to go up as a result of dozens of new applications received by the company from developers of new hotels
Final refrain for iPod as Apple stops production
It packed "a mind-blowing 1,000 songs" the company said at the time, and together with Apple's iTunes shop established a...It packed "a mind-blowing 1,000 songs" the company said at the time, and together with Apple's iTunes shop established a new distribution model for the music industry
The trend toward streaming music services, including one by Apple, has made devices designed just for carrying digital tunes around less enticing for consumers
SME development in Gulf region still in early stages
It is essential to know that the governments can't and shouldn't do everything independently to encourage their national talents. A...Local talents are in short supply in the region in terms of skills and experience, says Amr Khashoggi, Chairman at Amkest Group
Due to COVID 19, many employees have got used to working out of home and are not keen on going back to trudging along to the office or factory
ADQ to fund investments worth more than $4 billion in Greece
ADQ will work with the Hellenic Development Bank (HDB), the national development bank of Greece, and Hellenic Development Bank of...In 2021, the value of non-oil foreign trade between the UAE and Greece reached nearly AED 2.1 billion.
The growth of trade, when compared to 2020, was 67 percent, reflecting a significant spike in growth.
Arada awards two deals
Under the $125.23m contracts, a residential district will be built at Masaar.Valued at AED228 million, the contract to build 142 villas in the Sendian district of Masaar was won by Kuwait's Al-Kharafi.
The second contract worth AED232m to build the remaining 288 homes in Sendian was awarded to Intermass, a Sharjah-based contractor.
Mubadala, ENGIE to create digital platform for electric vehicles in Gulf
Mubadala Investment Company and ENGIE signed an agreement to explore the development of a digital platform for charging electric vehicles...The two companies will work on a joint solution for the installation and operation of charging infrastructure for Electric vehicles (EVs) in UAE.
EVs are important in supporting decarbonizing the mobility sector as transport sector is known to be a contributor in global carbon footprint.
Nintendo profits rise as demand booms
The rise is also attributed to the popularity of the Switch.The company, which has benefited from a string of popular titles including "Pokemon Legends: Arceus", posted a 2021-22 net profit of 477.7 billion yen.
Uncertainties linked to the global chip shortage and potential production and transport delays caused by Covid-19 lockdowns could hit future profits.
All that glitters: How the money-spinning IPL turned cricket into gold
IPL teams receive a share of television rights, around 15 percent of ticket sales and sponsorship money as well. They...IPL expanded to 10 teams this year from the original eight. Lucknow Super Giants and Gujarat Titans are the new franchises
Disney paid $2.55 billion for a five-year television and digital rights deal to broadcast IPL tournaments on Star India
Emirates Steel Arkan Q1 profit $19.62m
The firm said the impact of Emirates Steel and Arkan merger was positive.The company announced revenues of AED2.04 billion for the first quarter of 2022, compared to AED233.5 million in 2021.
It said the net profit was boosted by enhanced operational performance and higher sales volumes.
France says EU deal on Russia oil embargo possible this week
The embargo on Russian oil, which is part of a sixth package of EU sanctions under discussion, is being resisted...New discussions on the Russian oil embargo are expected to be held between European leaders by telephone on Tuesday
It will involve French President Emmanuel Macron, EU Commission President Ursula von der Leyen, and Hungary's Prime Minister Viktor Orban
