SEC, Emaar Economic City sign agreements
RIYADH, SAUDI ARABIA - The Saudi Electricity Company (SEC) and its subsidiary National Electricity Transmission (NET) have signed here two...Business Energy
Black diamond worth $5m goes on display in Dubai
The world's largest known cut diamond went on public display for the first time Monday ahead of its sale, when...The Enigma, the name of the rare black carbanado diamond, was put on display in Dubai, in the United Arab Emirates
The diamond is believed to have been created when a meteorite or an asteroid hit the Earth more than 2.6 billion years ago
She overcame prejudice to ride sea waves
Sahar Al Rasti, the first Emirati female ship captain, said that working behind the rudders of ships for long days,...Her journey began in 2015 while working in the ports of Abu Dhabi as an administrative assistant
The captain explained that she is very passionate about her job and craves to learn new things like discovering the secrets of maritime navigation
TAQA Group, EWEC price green bond
The bonds were 1.8 times oversubscribed.The bonds, one of TAQA’s first forays into green financing, will refinance existing debt facilities of SPPC.
TAQA is one of the largest listed integrated utility companies in the Europe, the Middle East and Africa.
Empower begins to operate a new cooling plant in Dubai
Emirates Central Cooling Systems Corporation (Empower) has started operating the first phase of its new District Cooling plant in Za’abeel,...The total cooling capacity of the plant will be 50,000 RT upon completion
It will be interconnected with the company’s existing district cooling plant in Dubai International Financial Centre (DIFC) to deliver total cooling energy of 112,000 RT
HP, UAE sign education MoU
MoU aimed at enhancing cyber skills training in UAE schools.HP and the Cyber Security Council will launch various initiatives nationwide and expect to work with more than 500 students a year.
The partnership with the Cyber Security Council has three separate elements that support schoolchildren, university students, and graduates.
Unilever eyes GSK-Pfizer unit despite $64bn bid rebuff
Unilever has revealed ongoing interest in a consumer healthcare unit owned by GlaxoSmithKline and Pfizer after a bid of £50...GSK said it had received three unsolicited offers from Unilever for GSK Consumer Healthcare, but they were rejected for being too low
The unit's products include Sensodyne toothpaste, pain-relief drug Panadol, and cold treatment Theraflu
FB ad policy irks Iraq NGO
Facebook has been mired in global controversies for its ad policies.The most prominent Facebook ads controversy was when Cambridge Analytica targeted political ads at users after collecting their data without consent
The results were advertisement that led to Donald Trump winning the US presidential election, and Britain voting to exit the EU
Remote working becoming a norm in MENA: Zoom
The year 2022 would “offer a more comprehensive acceptance of remote working policies, as more companies are allowing employees anywhere,”...Around 76% of the UAE respondents chose Zoom as their preferred platform
Zoom is working hard to accelerate the UAE’s digital development across various sectors
UAE banks saw 80% growth in deposits in 10 years
Deposits at banks in the UAE grew 80 percent to AED1,884 billion ($513 billion) in 2020 from AED1,049 billion ($285.64...The number of commercial banks operating in the UAE totaled 58 in 2020 against 51 in 2010
The licensed insurance companies increased from 238 in 2010 to 314 in 2015 to 406 in 2020
World’s 10 richest men doubled wealth during pandemic, says Oxfam
Oxfam said the men's wealth jumped from $700 billion to $1.5 trillion, at an average rate of $1.3 billion per...Oxfam said in its report that the pandemic has plunged 160 million people into poverty
Non-white ethnic minorities and women bore the brunt of the impact as inequality soared, it added
