China edges out Japan as world’s top vehicle exporter
In recent years, China's auto sector has grown remarkably largely because of massive investments in electric cars, an area where...Business
Norway’s sovereign wealth fund posts record US$213bn profit
Oslo, Norway - Norway's sovereign wealth fund, the world's biggest, said Tuesday it raked in a record profit of 2.2 trillion...Business Economy Global
Sony arm to make EVs
The Sony Mobility subsidiary will be created in spring 2022.The Japanese firm Sony announced the founding of a new EV company to dive into the world of electric mobility
Sony's Vision-S electric vehicle, with internal and external sensors, is being used to test autonomous driving technologies
What cyberthreats can Middle East expect in 2022?
Cyberattacks in the Middle East hit record levels in 2021. Reports suggest that malware, distributed denial of service (DDOS) attacks,...Malware, DDOS attacks, ransomware, grew by double digits in 2021
Vulnerabilities in network devices and 5G, and advanced ransomware attacks will be major concerns
Leaked memo says rusty Qantas pilots making errors: report
Qantas recognised very early that it needed to reassess pilots' recent and current flight time requirements as well as its...Among the errors listed in Qantas pilot reports: starting take-off with the parking brake on and misreading the altitude as airspeed
The memo by Qantas' fleet operations chiefs reportedly said the Covid-19 related disruption to flights meant pilots had less recent flight experience
Jordan to set up US$80m industrial support fund
Jordanian Minister of Industry, Trade and Supply Youssef Shamali noted that industrial production inputs will continue to be exempt from...Jordanian Minister of Industry, Trade and Supply Youssef Shamali noted that industrial production inputs will continue to be exempt from any customs duties
He said that the Jordan Enterprise Development Corporation (JEDCO) will continue to support the industrial sector by covering part of shipping costs
Moroccan tour operators protest pandemic restrictions
About 200 industry workers demonstrated in front of the tourism ministry in Rabat, demanding the reopening of borders.About 200 industry workers demonstrated in front of the tourism ministry in Rabat, demanding the reopening of borders
Morocco suspended all passenger flights from November 29 until January 31 as a result of rising infections of the Omicron variant worldwide
Space business takes centerstage as CES tech show begins
The display of technology like the life-size model Dream Chaser ship at the CES tech show is a sharp signal...Companies have proposed a series of ideas which until recently sounded like long shots, such as asteroid mining
They have also suggested less far-fetched biomedical applications or production of some types of technology
Expo opportunity to boost Sri Lanka’s tourism: Minister
Foreign Minister of Sri Lanka Gamini Lakshman Peiris said that Expo 2020 Dubai is a great opportunity and a world-class...Sri Lankan Ministry of Tourism says 104,000 people visited the country between Jan and Feb 2021 with Indian tourists accounting for 32.1 percent.
The presence of nearly 300,000 Sri Lankan citizens in the UAE helps enhance the bilateral ties between the two countries, the minister said.
Construction of DP World port in Senegal begins with laying of first stone
President of Senegal Macky Sall on Tuesday laid the foundation stone for the construction of a port that will be...The investment of more than $1.13 billion in two phases to develop Port Ndayane is DP World’s largest port investment in Africa to date.
Phase 1 of the development of the port will include a container terminal with 840m of the quay and a new 5-kilometer marine channel.
Five top crypto trends to watch out for in 2022
In 2021, the total market capitalization for the crypto market increased from around $800bn to $2.2trn. The year also witnessed...Non-fungible tokens, known as NFTs have been the crypto trend of the year.
The highly anticipated update of the second-largest cryptocurrency Ethereum is expected to go live in Q1 or Q2 named ETH 2.0.
Iraq highlights prominent investment opportunities
Iraqi's granting facilities to investors including regulations in completing transactions and eliminating corruption and providing safe environment renewed many hope...Recent moves of Iraqi government aim at provide large projects to create job opportunities and services in the country
A number of measures must be taken as investment in Iraq does not meet the required level, says specialists
