Business - TRENDS MENA

Car giant Volkswagen and parts supplier Bosch have embarked on an "extensive partnership" to bring automated driving to the mass...
The functions the companies want to make available include so-called "hands-free" systems for urban and motorway driving.
The project is expected to require the skills of around 1,000 employees and the two companies have already started recruiting new experts to work in the alliance.
The Business Registration and Licensing (BRL) unit of Dubai’s Department of Economy and Tourism (DET) has issued 16,409 e-Trader licenses...
79 percent of the e-Trader licenses issued in 2021 were professional, and 21 percent were commercial.
A licensee cannot open a shop/store but can avail of three visas if the ownership is 100 percent Emirati and legal liability falls under the license holder.
The region must urgently strengthen innovation and localization. These two make significant contribution to GDP and jobs, either directly through...
If the region were to accelerate that growth and catch up with its more advanced peers, it could add up to $255 billion GDP, create a large number of high quality jobs.
GCC must reform its regulatory frameworks, deepen the talent pools, and boost innovation and the domestic production of digital products
If the search giant loses this lawsuit, it could have to pay back a significant portion of the revenue it...
Google stands accused of misleading people into believing that changing device and account settings protects people’s personal data
District of Columbia Attorney-General Karl A Racine said Google has since 2014 ‘systematically surveilled’ users no matter the settings
This was an increase of 7 percent in net profit year on year.
QIIB said in its statement that the Earnings per share (EPS) amounted to QR0.59 (around $0.16) as of December 31, 2021
This was against an EPS of QR0.55 (around $0.15) for the same period in 2020marking a rise of around 7.27 percent
The investment is in Wisk, which looks to make autonomous air taxis.
Boeing has added $450 million to a venture that aims to commercialize autonomous electric air taxis
Wisk envisions some 14 million annual flights serving more than 40 million people in five years
Here is a comparison between the top equity markets in the Middle East, and how they stack up against a...
Saudi Arabia has Tadawul, or the Saudi stock exchange, whose benchmark index is known as TASI
The UAE has the Dubai Financial Market (DFM) as well as the Abu Dhabi Exchange (ADX)
FUCCI Chairman Abdullah Mohamed Al Mazrouei signed the MoU with Marisa Xuereb, President of the Malta Chamber.
The MoU is expected to help both parties expand economic, trade, and industrial cooperation
It is also expected to encourage Emirati and Maltese businesses to form new partnerships
The device is up to 20 times faster than Facebook’s current systems.
Meta said the machine, known as AI Research SuperCluster, was already in the top five fastest supercomputers
It would apparently become the fastest AI machine in the world when fully built in the next few months
Fitch Solutions has upgraded the Saudi Electricity Company's credit rating from A- to A with a stable outlook, an upgrade...
The international agency emphasized that the new classification was driven by the result of the improvement of the company's independent credit record.
The agency said that the company's independent credit rating reflects its large revenues and strong market status in the electricity generation.