SAIB profit jumps 17% in 2023
The net profit for the fourth quarter increased by 28 percent.Company News Business
‘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...Business
Most of Saudi employers to add to workforce in 2022: Hays
Some 80 percent of Saudi Arabia's employers are considering to add to their workforce in 2022, with a reasonable decline...The Hays report noted that 43 percent of employers intended to expand their workforce in 2021, while it was just 29 percent in 2020
The research report suggests that 2022 may face a drought in hiring employees who fall under technology, managerial, and leadership
Empower to pay $136m in dividends
The dividend is 53.4 percent of the net profit earned by the firm last fiscal.The total dividends to shareholders amounted to AED3.15 billion since its inception in 2004, Empower said.
The company reported total revenue of AED2.464 billion in 2021, increasing 9.3 percent compared to 2020.
A health hazard for some, a source of earning for others
At a landfill in southern Gaza, mounds of discarded batteries pile up, rusting cells that pose a growing health risk to...Batteries are an essential power source in Gaza, where public electricity supply is sparse and infrastructure has decayed since an Israeli blockade of the enclave began in 2007
Battery collection is also a source of income for the impoverished territory, where unemployment rates hover around 50 percent
Lacking oversight, Telegram thrives in Ukraine disinformation battle
Telegram's founder Pavel Durov has accepted that "Telegram channels are increasingly becoming a source of unverified information related to Ukrainian...The fake account of Ukraine's President which was asking Ukrainian forces to surrender reached 20,000 followers on Telegram before it was suspended by the company
Telegram decided not to restrict its access in Russia and Ukraine territory as many users complained that it's an important source of information
Airbnb users send money to Ukraine through reservations
About 28,000 Airbnb hosts around the world, including 2,800 in France, are currently offering accommodation for refugees.About 28,000 Airbnb hosts around the world, including 2,800 in France, are currently offering accommodation for refugees
donations of more than $1.2 million have poured into its refugee fund, the company told AFP
McDonald’s, Coca-Cola join US firms halting Russia operations
Several of these companies, symbols of American cultural influence in the world, have been the subject of boycott calls on...Several of these companies, symbols of American cultural influence in the world, have been the subject of boycott calls on social media
Starbucks, Coca-Cola and PepsiCo announced their own decisions to halt or restrict business in quick succession, noting the growing human cost of the invasion
KSA, UAE lead GCC’s push for hydrogen economy
Striking partnerships with companies in the West have helped the two Gulf countries emerge as one of the major exporters...The business strategy stems from the belief that GCC has a plethora of renewable energy sources that can be tapped into to produce hydrogen
Both the UAE and Saudi Arabia have access to natural gas supplies for blue hydrogen and nuclear power for pink hydrogen
AHOY raises $20m in financing
AHOY, a UAE and Saudi operating logistics startup, has raised $20 million in financing from undisclosed investors.AHOY uses tech-driven infrastructure to optimize mobility for enterprises, and will use its latest funding to expand its reach to African and Latin American markets
It has grown 25 times in terms of revenue, number of transactions, and tech deployment from 2020 to 2021
Number of educational firms in Ajman Free Zone grew by 17 percent in 2021
The number of registered educational companies within the Ajman Free Zone (AFZ) grew by 17 percent in 2021 compared to...Ajman Free Zone is home to more than 240 educational facilities in 2021.
AFZ attributed the growth to its strategic location, modern facilities and infrastructure, innovative and seamless services.
YPO Gender Equality Survey: Executives must prioritize mental health
Mental health is a priority for 99 percent of female and 92 percent of male executives, according to the Gender...The survey with 300 leaders, of all ages, across 57 countries, was aimed at raising awareness around gender equality.
Loneliness as a challenge within the workplace has decreased from 2021 and was referenced by fewer than 15 percent of the participants.
