Trump trade war pushes firms to consider stockpiling
Even if they don't all acknowledge it so openly, firms in many different sectors are stockpiling their products in the United...Business Economy Geostrategy Global
European carmakers on China charm offensive as sales droop
Shanghai, China -- Once blithely dominant in China, European automakers are now launching full-fledged charm offensives at consumers in the...Business
AD Ports Group, KPT ink pact
The pact deals with bulk and general cargo terminal.A JV between AD Ports Group and Kaheel Terminals will develop, operate and manage bulk and general cargo terminal berths 11-17 at Karachi Port.
General cargo operations will primarily handle steel, paper and clinker, while the clean bulk terminal will focus on grains and fertilizers.
WEF24: GenAI poised to revolutionize energy sector
The GCC -- with countries such as Saudi Arabia, the UAE, Kuwait, and Qatar -- plays an important role in...The GCC -- with countries such as Saudi Arabia, the UAE, Kuwait, and Qatar -- plays an important role in the energy transition, Dr. Atul Arya of S&P's Global tells TRENDS.
Rising energy demand, with a focus on renewables, faces hurdles from high rates and inflation, while GenAI offers transformative potential in data analysis and climate modeling.
‘AR, VR and video analytics shaping imaging industry’
Canon focuses on innovation, integrating AI-driven features, deep learning and machine learning to meet changing customer needs, says a top...Canon focuses on innovation, integrating AI-driven features, deep learning and machine learning to meet changing customer needs, a top executive of Canon Middle East tells TRENDS.
The company's proactive approach to R&D and commitment to reducing CO2 emissions highlights its leadership in the evolving imaging and printing industry, adds Subbu Hariharan.
UAE is the most popular destination for global workers, says report
Dubai, UAE – The United Arab Emirates is the most popular country for international talent seeking employment visas, a report...France, the United Arab Emirates, India, Turkey, and the United Kingdom were the top destinations for UAE recruiters.
This trend underscores the UAE's commitment to fostering a diverse and vibrant multinational workforce.
EU gives accent to landmark rules on artificial intelligence
Brussels, Belgium - The European Union's 27 member states on Friday approved landmark rules on reining in artificial intelligence, passing a key...Brussels first proposed an AI law in 2021 but spent most of last year racing to greenlight the draft text after chatbot ChatGPT exploded onto the scene.
EU ambassadors finally signed off on the text during a meeting Friday in Brussels, after French and German concerns were assuaged.
Most markets advance after tech titans fuel Wall Street surge
Shares in Amazon, Apple and Facebook owner Meta all climbed during Thursday's session. All three companies were due to report...Shares in Amazon, Apple and Facebook owner Meta all climbed during Thursday's session. All three companies were due to report results after the market closed
Wall Street's main indices -- the Dow, the tech-heavy Nasdaq and the broad-based S&P 500 -- had tumbled on Wednesday after the Fed's disappointing rate signal
Qatar records real estate deals worth $100 million in five days
Doha, Qatar -- Qatar has recorded real estate transactions worth 378 million QR ($100 million) during the 21-25 Jan 2024...Sales were concentrated in, Doha, Al Rayyan, Al Daayen, Umm Salal, Al Wakrah, Al Shamal municipalities, and in the Pearl Island, Lusail 69, Legtaifiya, and Al Kharayej Zones.
The volume of real estate trading in sales contracts at the department during the Jan 14-18 period exceeded QR 344 million.
Qatar Central Bank issues treasury bills, sukuk worth US$686m
DOHA, QATAR - The Qatar Central Bank issued treasury bills and sukuk with maturities of one week, one month, three...The Qatar Central Bank said the total bids for the treasury bills and Sukuk amounted to US$2.2 billion (QR 8.275 billion).
QCB issued treasury bills and Sukuk with maturities of one week, one month, three months, six months and nine months.
UAE signs pact to develop digital infrastructure in Greece
ABU DHABI, UAE - The Ministry of Investment of the UAE and the Ministry of Digital Governance of the Hellenic...Data centers to be developed under this MoU can reach a total capacity of 500 megawatts.
The data center market in Greece has witnessed significant growth in the last few years.
Dubai records weeklong real estate transactions worth $3.13 billion
Dubai, UAE -- Dubai recorded real estate transactions valued at AED 11.5 billion ($3.13 billion) during the week ending 2...A total of 192 plots were sold for AED 2.61 billion, 2,699 apartments and villas were sold for AED 5.75 billion.
The sum of the amount of mortgaged properties for the week was 2.24 billion, with the highest being a land in Al Hebiah First, mortgaged for AED 458.77 million.
