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...Business Tech & Media
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...Business
UAE and Latvia launch economic cooperation program in six sectors
The UAE and Latvia have agreed on a six-track economic cooperation program covering trade and investment, innovation and advanced technology,...The program covers investment, innovation and advanced technology, transportation and logistics, agriculture, food, education and science.
An MoU between the Investment and Development Agency of Latvia (LIAA) and the SMEs Development Department at the UAE Ministry of Economy.
Etihad Cargo revenue grows 49 percent
The company recorded 27 percent YOY rise in freight carried.In Q1, Etihad Cargo temporarily modified five Boeing 777 aircraft to support cabin-loaded cargo.
By mid-2021, Etihad Cargo had announced the recovery of more than 90 percent of its network compared to pre-COVID.
Technology makes Saudi farms more sustainable
The Kingdom's startup Red Sea Farms woos regional and global investors with a technology that grows crops without using freshwater...The Kingdom's Red Sea Farms woos regional and global investors with a technology that grows crops without using freshwater in humidity-controlled greenhouses
The firm seeks to break the food water-energy nexus by leveraging saltwater, novel humidity control, and solar energy to lower costs and improve yields for farmers
Arada awards two contracts
The $32.13m contracts are aimed at development in Masaar.Work by both contractors is scheduled to be completed by end of April, in time for the opening of the Masaar Experience Center in June.
Masaar is AED8 billion($2.18b) forested megaproject located in the Suyoh district of Sharjah.
Dubai Derma 2022 registers $540m in business deals, attracts 21,000 visitors
The Dubai World Dermatology and Laser Conference and Exhibition (Dubai Derma 2022) concluded its 21st edition on Wednesday, and registered...It focused on various developments related to cosmetic surgery, lasers, cosmetic dermatology and anti-ageing, among others.
The conference featured 326 scientific lectures, 79 workshops, and more than 90 scientific poster presentations.
TAQA to recommend $600m dividend
The company has already paid $500m in quarterly dividends.The dividend payment will be in addition to the final payment of AED1.2 billion ($330 million).
AED1.9 billion ($500 million) (1.65 fils per share) have already been paid in quarterly dividends.
Turkish drones make waves in Russia-Ukraine war
Kyiv has around 20 Bayraktar TB2 drones, built by the Turkish military. Relatively cheap and effective, President Recep Tayyip Erdogan...But while they have proved their worth in several recent conflicts -- from Syria to Libya to Nagorno-Karabakh -- the terrain this time is less favorable, experts say
The Ukrainian ambassador in Ankara has regularly tweeted images of explosions attributed to the drones, targeting Russian columns and artillery
Emirates opens office in Fujairah
The office is located in Al Ghilaila Building, overlooking the Fujairah corniche.Emirates has worked in partnership with dnata Representation Services as its General Sales Agent (GSA) in Fujairah for the past three decades.
The new retail sales office four customer service counters dedicated to flight reservations, ticketing, and general customer enquiries.
Demand for gas and wheat drives Suez Canal’s business up 15%
The Suez Canal has seen a fifteen percent jump in business as ships carrying wheat and gas have filled the...Grain exports will make their way to Northwestern Europe while iron exports will go to Canada and Northwestern Europe
the Suez Canal will begin applying additional fees, ranging from 5 to 10 percent of the transit fees, for various categories of ships transiting the channel
Aramco shares hit record high on the back of high oil prices
Saudi energy giant Aramco's shares rose to a record high on Wednesday amid a surge in global oil prices following...Aramco's stock was trading at 42.9 Saudi riyals ($11.4) in Riyadh, according to the Saudi Tadawul market website
Aramco had priced its landmark initial public offering at 32 riyals ($8.53) per share and it soared the maximum limit to 35.2 riyals on its market debut
