Google to invest US$1bn in UK data centre
It will meet growing demand for internet services in the region.Business
Crypto market sees drop in scams, stolen funds
The cryptocurrency sector recorded a promising recovery in 2023, with a significant decline in crypto scams and stolen funds revenue,...Business
Waha approves dividend in 2021
Shareholders of Waha Capital have approved a cash dividend of 7.55 fils per share and a stock dividend of 2.45...The company recorded investment gains and fee income of AED902 million and a net profit of AED603 million.
 Waha Capital had total assets of AED5.8 billion as at 31 December 2021, compared to AED5.1 billion in 2020.
Riyadh entrepreneurship meet sees big-buck deals
The Global Entrepreneurship Congress is expected to see 40 agreements being signed between government agencies and major corporations.Several government entities and large firms are expected to sign 40 agreements during the conference
The Saudi Ministry of Investment has, during the event, granted four licenses to startups and a venture capital fund
KSA launches global campaign for its bid to host Expo 2030 Riyadh
Five countries, including Saudi Arabia, South Korea, Italy, Ukraine and Russia are in the reckoning for the 2030 World Expo.Five countries, including Saudi Arabia, South Korea, Italy, Ukraine and Russia are in the reckoning for the 2030 World Expo
The letter announcing Riyadh’s intention to bid was submitted on October 29, 2021 on behalf of the crown prince Prince Mohammed bin Salman
UAE fast-tracking low-carbon economic growth: Dr Al Jaber
Speaking at the MENA Climate Week Dr. Al Jaber explained that the UAE is adopting a comprehensive, balanced and proactive...Speaking at the MENA Climate Week Dr. Al Jaber explained that the UAE is adopting a comprehensive, balanced and proactive approach to climate action
He urged the international community to do more and fulfil the $100 billion climate pledge made to developing nations over a decade ago
‘Trash has value’: Kenyan inventor turns plastic into bricks
Gjenge Makers, churns out 1,500 bricks made from industrial and household plastic that otherwise would be dumped in the city's...Gjenge Makers, churns out 1,500 bricks made from industrial and household plastic that otherwise would be dumped in the city's overflowing garbage heaps
Plastic is fibrous in nature, and the unique production process prevents air pockets from forming within the bricks
FedEx founder quits as CEO
Frederick Smith is stepping down after some five decades at the post.The change in guard will take place on June 1, with Smith becoming executive chairman
Meanwhile, Chief Operating Officer Raj Subramaniam will ascend to president and CEO
Sharjah Municipality permits food display in restaurants during Ramadan
The authorities will issue the necessary permits for this purpose, in accordance with hygiene conditions and preventive measures.The municipality confirmed has prepared all its relevant departments and teams to follow up on food preparation and serving facilities
It has also allocated inspection teams to follow up whether the facilities were complying with the health and hygiene regulations
Gulf region will boost global clean energy security: Al Kaabi
Mubadala’s UAE Investment chief Musabbeh Al Kaabi said on Monday that the Gulf region will play an increasingly important role...Al Kaabi affirmed that governments must develop initiatives to mitigate supply chain challenges to meet net-zero carbon targets
He noted that global energy security will extend beyond oil as the UAE and its neighbours’ transition to become leaders in clean energy production
Kaspersky now a ‘security threat’
The designation will restrict its dealings in the United States.The US Federal Communications Commission has added Kaspersky to a threat list
This effectively blocks the firm from being paid with certain US government subsidies
Smartphones, net speed fuel Saudi ecommerce boom
Pablo Martinez, Managing Director and Senior Partner at the Boston Consulting Group, sheds light on what lies ahead for the...In 2020, the Saudi ecommerce accounted for only 6% of overall retail sales, while major markets contributed 18%
Only a small set of online retailers in influential cities of the kingdom offers same-day delivery, a standard in developed markets
