CES gadget fest a showcase for AI-infused lifestyle
The annual Consumer Electronics Show gathering boasts more than 3,500 exhibitors and is expecting some 130,000 visitors. Companies big and...Business Tech & Media
Etihad Airways spreading wings to embrace new skies
"Our goal is to usher in a new era of sustainable growth, anchored by a solid strategic plan," he adds,...Business
Al Rajhi Bank’s net profit vaults 44% to $2.86bn
Al Rajhi Bank of Saudi Arabia posted a 44 percent rise in net profit to $2.86 billion for the first...The higher net profit for Q3 2021 is spurred by 43 percent year-on-year to SR 3.794 billion, compared to the third quarter of 2020
The bank attributed the profit increase to the rise in total operating income by 26.4 percent, as a result of higher net financing and investment income
Saudi National Bank posts 20% jump in net profit to $1bn
Saudi National Bank (SNB), the kingdom’s biggest lender, has posted a nearly 20% jump in net profit to $1 billion...SNB reported a net profit of 3.8 billion riyals ($1.0 billion) for the quarter that ended on Sept. 30, up from 3.2 billion riyals in the same period a year earlier
The result was better than the 3.6 billion riyals average analysts' forecast
VPS behind T20 bio-bubble
There will be over 2,200 people in the bio-bubble this time.The ICC World Cup T20 bio-bubble will consist of players, supporting staff and their families, and broadcast crew
There will also be BCCI and International Cricket Council officials, staff at the hotel and stadium, and selected medical personnel
Tamatem pushes Arabic games
This Jordanian firm is being praised for Arabic mobile games.Founded in 2013, Tamatem now has offices in the United Arab Emirates and Saudi Arabia
It has published more than 50 mobile games, which have been downloaded more than 100 million times
Abu Dhabi launches virtual license for non-resident investors
The virtual license covers 13 economic sectors on top of the strategic sectors targeted by the Abu Dhabi government to...The program lets non-resident foreign investors obtain an economic license for doing business in the emirate
They can now do this without any prior residence procedures and from any location outside the UAE
Qatar hopes to attract 1.2 million World Cup visitors
Organizers of the 2022 World Cup in Qatar hope to attract 1.2 million tourists to the Gulf country, an official..."They will not (all) be in the country at the same time, as the event extends over a period of 28 days"
Those include accommodation on cruise liners, hotel apartments, fan villages with an Arabian desert vibe
Electrified cars hit almost a fifth of EU Q3 vehicle sales
At least one in five vehicles sold in the European Union (EU) in the third quarter of the current fiscal...Battery electric vehicle sales jumped nearly 57 per cent to more than 212,000 units, while plug-in hybrid models rose nearly 43 per cent
This is a slower pace of growth than in 2020 when sales almost trebled from a low base
Bavarian & DEWA discuss renewable energy collaboration
They also discussed boosting relations, and interchanging knowledge with German businesses.DEWA and Bavarian officials met to discuss partnership in clean energy
By 2050, Dubai plans to fulfill 75 percent of its energy requirements through renewable sources
Combat Field: a gamer’s paradise at Riyadh Season
Among many attractions of Riyadh Season is Combat Field for fans of war and combat games. It simulates the reality...The total area of the Combat Field area situated in "Janadriyah" northeast of the capital, Riyadh is about 310,000 square meters
Also, the Combat Field area includes a weapons museum, 5 exhibitions for the sale of ammunition, weapons and accessories, as well as live shows of fighting robots
UAE minister says global energy transition to take time
The United Arab Emirates’ minister of state, Sultan Al-Jaber, said that the world needs to accept that global energy transition...The minister believes that the world is entering an oil supply crunch
He said that 80 percent of energy demand still comes from fossil fuel. He added that the world was ‘underinvesting’ in hydrocarbons
