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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

  • Mining third pillar of Saudi economy, ripe with opportunities: PIF governor

    The mining sector is the third pillar of Saudi Arabia's economy and the kingdom has enormous natural resources and offers...

    PIF considers mining one of the main strategic sectors to realize the Saudi Vision 2030 goals, says Yasir bin Othman Al Rumayyan.

    Saudi Arabian Mining Company (Ma'aden) has doubled its revenues to become a world-class operator, he said.

  • Abu Dhabi University earns 5 star rating for online learning

    Abu Dhabi University (ADU) has earned the highest rating of 5 stars by Quacquarelli Symonds - QS Stars Rating for...

    The ADU has achieved an overall score of 95 percent in the Online Learning category

    The university integrated modern technologies into its curricula, including virtual reality (VR), augmented reality (AR) and 3D technology

  • UAE Ministry of Economy receives 2,428 patent applications in 2021

    The UAE's Ministry of Economy has received 2,428 patent applications in 2021, an increase of 26.7 percent from 2020 when...

    There was an increase of 26.7 percent from 2020 when 1,917 applications were received.

    Machinery and construction (23 percent) and chemical engineering (24 percent) accounted for bulk of the applications.

  • Facebook antitrust suit

    James Boasberg's ruling is a blow to Facebook.

    The US Federal Trade Commission has alleged the social media giant, which has renamed itself Meta, holds an illegal monopoly

    The judge rejected Facebook's argument that the case should be dismissed because the commission's decision to amend and refile was fueled by bias

  • Zoho inks Dubai deal

    The agreement will help Dubai’s creative entrepreneurs.

    The agreement aims to support the emirate's creative entrepreneurs through their digital transformation journey

    It will also look to enhance the efficiency of their businesses, and simplify daily operations

  • Fact-checkers urge YouTube to fight disinformation

    More than 80 fact-checking organisations Wednesday urged online video platform YouTube to better combat disinformation, offering to help debunk false...

    Videos containing false information had gone "under the radar of YouTube's policies, especially in non-English speaking countries", they said in an open letter to YouTube

    YouTube spokesperson Elena Hernandez said that fact checking was a "crucial tool", but just "one piece of a much larger puzzle to address the spread of misinformation"

  • Self-mobility a ‘promising business’: Ekar founder

    Car ownership could become a hobby only for wealthy people in future, says Ekar founder Vilhelm Hedberg.

    Ekar’s founder believes car ownership could become a hobby only for wealthy people in the upcoming years

    Ekar is looking into an addressable market of 138 million people in the MENAT region

  • 300 stakeholders take part in Dubai Shenzen Day and Products Show

    Over 300 public and private sector stakeholders from China and the UAE took part in the first Shenzhen Day Launch...

    Over 70 Shenzhen-based companies specializing in life and health, consumer electronics and intelligent security, that put more than 350 high-tech products on display.

    A total of 120 bilateral business meetings were held during the event as part of the Dubai Chambers representative office in Shenzhen’s efforts to facilitate exchange.

  • Tadweer of Abu Dhabi to hold ‘EcoWASTE’ exhibition

    The exhibition and forum cover various fields, including recycling and waste management and treatment in the MENA region.

    It will begin from17th January to 19th January 2022 in Abu Dhabi at National Exhibition Center (ADNEC) as part of the Abu Dhabi Sustainability Week

    The forum would also work as an integrated platform for developing and formulating practical and sustainable waste management practices

  • Air Arabia named the most punctual airline by Moscow Airport in 2021

    Air Arabia has been named as the most punctual airline in 2021 at Moscow Domodedovo Airport in the category of...

    The Moscow Domodedovo Airport is the largest in Russia with the punctuality competition being held on an annual basis among its partner airlines.

    The Airport evaluated the performance of numerous worldwide partner airlines, based on punctuality - calculated based on flight frequency.