DEWA honors suppliers for ‘commitment to highest standards’
In a virtual ceremony, Dubai Electricity and Water Authority (DEWA) has recognized 41 of its suppliers for their commitment to...The suppliers were honored in the Strategic, Principal, and Main supplier categories
The suppliers said that DEWA provides many opportunities to them according to the highest standards of integrity and transparency
Google and Facebook chiefs made ‘illegal’ deal: US court documents
Top bosses of Google and Facebook were directly involved in approving an allegedly illegal 2018 deal to cement their dominance...The records, part of an anti-trust lawsuit by a coalition of US states targeting Google, make serious allegations against Big Tech giants long accused of holding monopolies
It was the third time the suit was amended, and did not list Facebook or its parent company Meta as defendants
Saudi Customs impound 8.3m amphetamine pills
The Saudi Zakat, Tax and Customs Authority has made a large seizure of Captagon amphetamine pills at Jeddah Islamic Port,...The authority explained that the first consignment, which contained onions, was subject to customs procedures and examination through security techniques and police dogs
Three people were arrested by the General Directorate of Narcotics Control
World’s first ‘experiential food & bar hall’ officially open
A 20,000 ft space, the experiential, urban food and bar hall spans across the UAE’s iconic waterfront destination The Pointe.A 20,000 ft space, the experiential, urban food and bar hall spans across the UAE’s iconic waterfront destination The Pointe
The venue, which seats 600 guests, and 1200 guests at full capacity, offers consumers an exceptional multi-sensory dining experience unlike any other
RAK International Airport is ops base for ActionFlight
The overall deal is expected to help support Ras Al Khaimah’s strategic plans to expand its travel and tourism landscape.The collaboration is expected to see RKT become a hub for aerial experiences such as aerobatic flights, skydiving, and hot-air ballooning
The agreement also means the airport will act as a base for Vertical, ActionFlight’s advanced pilot training program
Dubai saw real-estate deals worth $1.23bn this week
During the week ending January 14, the transactions numbered 1,559, according to the Dubai Land Department.A total of 219 plots were sold for AED1.12 billion (around $305 million) in Dubai
Meanwhile, 1,022 apartments and villas were sold for AED2.25 billion ($612.66 million)
‘Google, Facebook OK’d pact’
Suit says Big Tech giants hold online monopoliesThe records, part of an anti-trust lawsuit by a coalition of US states targeting Google, make serious allegations against Big Tech giants long accused of holding monopolies
According to the states' accusations, the online search colossus sought to oust competition by manipulating ad auctions
Saudi Arabia seeks to be regional mining force
Saudi authorities seek to promote mining investments and increase its contribution to the GDP to meet the Saudi Vision 2030...Saudi Arabia aims to achieve 75 percent localization in the energy sector by 2030
Saudi mineral wealth value is more than $1.3 trillion, including phosphate and bauxite minerals
Google buys $1bn London office
It is buying the Central St Giles office site, where it is a tenant.Google, however, stressed it remained committed to new hybrid working patterns in the wake of Covid-19
It said it would give the site a multi-million-pound overhaul for flexible working patterns, including outdoor work spaces
Way paved for launch of first Mideast Steigenberger Porsche Design Hotel
Saudi Arabia's Tourism Development Fund has signed an MoU with Deutsche Hospitality, the umbrella brand of the German hotel company...Saudi Arabia's Tourism Development Fund has signed an MoU with Deutsche Hospitality, the umbrella brand of the German hotel company Steigenberger Hotels AG.
Tourism Development Fund provides support to small, medium, and large enterprises and solutions tailored to suit the needs of investors.
Nvidia to take stake in Nokia
Nvidia share price soars 20%.
Nestle to cut 16,000 jobs
The company's shares shoot up 8%.
Multiply Group buys stake in ISEM
Multiply Group will hold 60.8% of ISEM.
Bosch to cut 13,000 jobs
This is a blow to Germany's ailing car sector.
Aldar ups stake in Aldar Estates
Acquires Modon Holding’s 17.45% stake
