Bullish Bitcoin: Halving looms, miners face squeeze
Bitcoin’s mass adoption is growing and projected in the next four years to have around 1 billion users.Business
GCC telecom firms turn to Europe, Asia for expansion
Wielding piles of cash and cutting-edge technology, many Arab telecom firms are scouting overseas markets to expand business beyond home...Business
dnata of Dubai to invest $233m in Amsterdam Airport
dnata, the global air and travel services provider, will invest more than $223.22 million in a fully automated cargo center...dnata Cargo City Amsterdam will significantly enhance cargo capacity in The Netherlands and create new, direct jobs with dnata
It will enable dnata and its customers to substantially expand operations and business, stimulating local economy and trade
Arabian Centers to set up $14.65m microfinance company
FAS Labs Limited Co., a unit owned by Saudi retail firm Arabian Centers, will set up a digital consumer microfinance...According to a bourse filing, FAS Labs Limited Co. has obtained preliminary approval from the central bank
The move comes as Arabian Centres aims diversify its income sources and enhance profitability
Jordan signs Japan deal for AI-enabled support software
The two sides agreed on the project's overall framework, in addition to a draft accord detailing initial implementation phases.Jordan’s Ministry of Digital Economy and Entrepreneurship and Japan International Cooperation Agency (JICA) have signed an agreement
The agreement lays out the main technical axes of a project to develop Jordan's artificial intelligence (AI)-enabled support system
Qatar Financial Center’s systems benefit aircraft leasing firms: CEO
The Center’s proximity to the most important leading airlines in the world and its wide network of destinations make it...Yousuf Mohammed Al Jaida said the Center's proximity to leading airlines makes it ideal for aircraft leasing companies.
Nearly 30 of the largest aircraft lessors in the world are looking forward to concluding deals with leading airlines that utilize their assets efficiently.
Moro Hub teams up with Swedish firm
Moro Hub, the digital arm of DEWA, has signed an agreement with Axis Communications, a Swedish company, offering video surveillance...This partnership is part of Moro Hub’s effort to accelerate its drive to promote Integrated Physical Security in the UAE and GCC
Moro Hub will now offer government and enterprise clients across varied verticals, including transport, utilities and energy, healthcare, retail and financials
Arab Bank profit up 61%
The net income after tax rose from $195.3m to $314.5m.The Arab Bank Group consolidated the financial statements of Oman Arab Bank under its group accounts
This increased total assets by $8.4 billion to $63.8 billion, compared to $54.4 billion for the same period last year
Top oil producers to discuss high crude prices
Analysts expect that this meeting will decide to boost output by 400,000 barrels per day in March, in line with...The 13 members of OPEC along with their 10 allies convened by video conference to set output
Russian invasion of Ukraine will halt export of natural gas to Europe and prices would be much higher
Arab countries offer Iraq to set up industrial cities
Iraq signed the first agreement to build an economic city with Jordan.Iraqi ministry revealed that it has received several offers from Syria, Jordan, Saudi Arabia, Iran and Kuwait to build industrial cities in the country
The first contract was signed in the holy Karbala for the construction of an industrial city specialized in petrochemicals and engineering
In food world, debate rages about recipe plagiarism
There have been calls on some food blogs to end plagiarism, with explicit instructions on how to correctly credit the...There have been calls on some food blogs to end plagiarism, with explicit instructions on how to correctly credit the work of another chef
When chefs do look to the US courts for relief, the chances of getting recognition of their copyright or a monetary settlement are seen as remote
Abu Dhabi Maritime to control ferry services functioning in Emirates
The organization is integrating the Ferry Operations Branch of the Integrated Transport Center under the scope of its services.The move will see Abu Dhabi Maritime manage and oversee the daily operation of the emirate’s two major ferry lines
The organization will also drive the development of several key business areas associated with ferry operations
