‘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
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...Business Banking & Finance Designated Markets
High oil prices lift up Saudi and UAE indices
Thanks to a spike in crude oil prices pushed beyond $100 by the Russian-Ukraine conflict, the stock markets of Saudi...The Saudi index "TASI" rose by 2.6 percent and the Dubai index rose by 4.7 percent. The Abu Dhabi index achieved the highest increase by 7 percent monthly
On February 28 the Abu Dhabi index experienced its highest one-session rise since December 6, climbing 2.2 percent
Malaa Technologies to set up a bank in KSA
Malaa Technologies will launch its banking operations in Saudi Arabia after it obtained an approval from the kingdom’s central bank.Malaa has concluded its integration efforts with the Arab National Bank’s systems to become the first lender whose customers can link their accounts directly through open banking
It seeks to contribute to the National Savings Strategy and plans to work with the financial sector development program partners to achieve these goals
Saudi Arabia and Jordan to boost trade ties to more than $1bn
The Makkah Chamber of Commerce and Industry and Jordan have signed an agreement to boost economic ties between the two...The deal holds considerable significance as trade exchange between Saudi Arabia and Jordan was still “below expectation” despite common interests
Saudi Arabia is the second-largest commercial partner for Jordan
UAE adopts Ramadan working hours for federal authorities
The UAE Government on Friday announced the official working hours during the holy month of Ramadan for ministries and federal...The decision also allows federal authorities to implement flexible working and remote work systems on Fridays during the month
The rules for working from home stipulate that both employees and their work should meet related requirements
Hermes, Chanel, Louis Vuitton pause business in Russia over Ukraine war
Hermes group runs three stores in Russia, including one in the Gum department store on Red Square, and employs 60...Hermes group runs three stores in Russia, including one in the Gum department store on Red Square, and employs 60 people in the country
Chanel, which has 17 stores in Russia, said that “major uncertainty and the complexities of operating” had led it to temporarily suspend its operations in the country
Iraq’s February oil exports highest in last two years
The rate of Iraq's exports during February amounted to 3.314 million barrels per day.The rate of Iraq's exports during the month amounted to 3.314 million barrels per day
The revenues for March will be higher than the last month, based on the current market data
Volkswagen plans 2 bn euro electric car plant in Germany
The announcement of the $2.2 billion investment came on the same day Tesla got the green light from local officials...The announcement of the $2.2 billion investment came on the same day Tesla got the green light from local officials to start production at a new plant near Berlin
Volkswagen aims at dominating the electric car market by 2025 as it accelerates the pace to catch up with US pioneer Tesla
Dubai sees weeklong real-estate transactions worth $1.91bn
The total number of real-estate transactions in Dubai stood at 2,131 for the week ended March 4.
Dubai Gold & Commodities Exchange Feb trades total $13.68 bn
Dubai Gold & Commodities Exchange (DGCX) registered trades with a total value of $13.681 billion in February 2022, as global...The exchange registered a monthly Average Open Interest (AOI) of 125,206 contracts during February and saw its precious metals' portfolio lead trading activity.
DGCX's West Texas Intermediary (WTI) Futures gained traction following increased volatility in oil markets.
Dubai International Boat Show to feature 800 brands from 54 countries
Dubai International Boat Show (DIBS), which will be held from March 9 to March 13, will witness 34 launches and...This is MENA yachting industry's first international in-person event since the COVID-19 pandemic. It will run at Dubai Harbour.
The region home to 12.6 percent of global superyachts, the world's second-highest fleet-to-billionaire ratio.
