GSK to buy Aiolos Bio
The focus is on an asthma medication still at the testing stage.Company News Business
Boost investment to avert ‘decade of wasted opportunity’: World Bank
Global growth is set to slow from an estimated 2.6 percent in 2023 to 2.4 percent this year, 0.75 percentage...Business Economy
Armani adopts fur-free policy
The company said it would no longer use angora wool.The company said it would no longer use the material across all of its lines from next year's fall-winter collection
A growing number of fashion companies are adopting policies against using materials that require cruelty towards animals
OPEC and allies may freeze oil output
The OPEC+ alliance led by Saudi Arabia and Russia has so far resisted US-led pressure to significantly boost output to...The emergence of the new Omicron variant of Covid-19 has put a shadow on whether OPEC+ will increase or decrease production
The variant has led countries to reinstate travel bans and mull further restrictions that could tighten demand and hurt oil prices
UAE’s first drone delivery service provider breaks two Guinness records
UAE's first licensed drone delivery service provider, BARQ EV, has broken two Guinness World Records-- the longest (13.58km) flight of...BARQ EV broke the record for the longest (13.58km) flight of a drone for the delivery service.
It also broke the longest (18.065km) non-stop return flight for a drone record.
ADNOC to invest $127bn in 2022-2026
The company announces a significant rise in oil and gas reserves.ADNOC plans to bring $43 billion back into UAE economy through ICV program.
ADNOC's ICV program has driven AED105 billion back into the UAE economy and created over 3,000 jobs for UAE nationals.
Man Utd’s Glazer buys T20 franchise in new UAE league
Manchester United co-chairman Avram Glazer has acquired a franchise for a new T20 professional cricket league in the United Arab...The news comes after the Glazer family were outbid in their attempt to buy one of the two new franchises in the Indian Premier League
"I am very excited to be a part of UAE T20 at its formation," Avram Glazer said
‘Physical currency won’t disappear anytime soon’
Ralf Wintergerst, Group CEO of 170-year-old German firm Giesecke+Devrient (G+D), said physical currency is a resilient form of payment and...Ralf Wintergerst said digital currency is a central bank-issued digital form of physical money and that it was different from cryptocurrency.
In Germany and the Middle East there are a lot of opportunities for moving things like government services to people directly with digital solutions.
dnata named Ground Support Services Provider of the Year for eleventh time
For the 11th time, dnata has been named Ground Support Services Provider of the Year at the 2021 Aviation Business...The company offers ground handling and cargo services at over 90 airports in 15 countries.
As part of infrastructure growth, dnata broke ground on the second phase of the dnata City East project at London Heathrow.
GACA, Cisco sign MoU
The MoU will enhance the scope of digital transformation.The memorandum will enhance the scope of cooperation in technology and digital transformation in the civil aviation sector
The GACA is keen to collaborate with international companies specializing in advanced technological fields to keep pace with the latest developments
Tech 2022 trends: Meatless meat, Web 3.0, Big Tech battles
Meat alternatives have become common in an increasing number of US households, thanks in part to Beyond Meat and Impossible...Meat alternatives have become common in an increasing number of US households, thanks in part to Beyond Meat and Impossible Food plant-based products
In web 3.0, "users, creators and developers would have stakes and votes" in a platform in much the way a cooperative works
Emirates, Al Jazeera among 44 GCC brands to win World Branding Awards 2021-2022
A total of 44 GCC brands, which include Emirates, Aljazeera, and ADNOC Distribution, figure in the 2021-2022 World Branding Awards....From the GCC region, Saudi Arabian brands win the maximum number of awards, followed by Bahrain.
Al Jazeera and Ooredoo among the six winning brands from Qatar.
