Markets drop as US jobs deal fresh blow to early rate cut hopes
Hong Kong, China - Asian markets stumbled out of the gates Monday, extending last week's grim start to the year, after...Business Markets
Qatar sees 36.1 percent surge in visitor arrivals in Nov 2023
Doha, Qatar -- Qatar witnessed a 36.1 percent increase in the number of inbound visitors in November 2023, compared to...Business
Trump launching new social media network called ‘TRUTH Social’
The long-awaited platform will be owned by Trump Media & Technology Group.The long-awaited platform will be owned by Trump Media & Technology Group
The platform also intends to launch a subscription video on-demand service
Augmented reality transforms fashion retail
Customers can try on and buy entire collections of eyeglasses, lipstick, nail color, jewelry, and even garments by using augmented...Customers can try on and buy entire collections of eyeglasses, lipstick, eye shadow, nail color, jewelry, and even garments by using AR and VR applications
All of this is enabled due to significant advances in facial recognition, feature tracking, and computer vision
Zain Group unveils unit to help boost regional telecom infrastructure
ZainTech will provide solutions for Cloud, Cybersecurity, Big Data, IoT, AI, Smart Cities and Emerging Technologies while incorporating NXN and...Solutions for Cloud, Cybersecurity, Big Data, IoT, AI, Smart Cities and Emerging Technologies remain key focus
Andrew Hanna has been appointed CEO of the newly launched ZainTech
Lloyds Bank, the British lender, to shut down 48 branches
Lloyds Banking Group will close a further 48 branches across England and Wales, the British lender said on Wednesday, as...The closures are the latest in a string of such moves by the bank, which in June announced the closure of 44 different branches
Lloyds said it is responding to customers using branches less frequently
EDB, ADIO join hands to boost business in Abu Dhabi
The two parties have signed an MoU to promote business establishments and Foreign Direct Investments.The main aim of the MoU is the expansion of the private sector in Abu Dhabi and inclusive economic growth
The collaboration is expected to enable investment in Abu Dhabi from SMEs, big firms, and startups
Bitcoin hits new record above $65,000 after Wall Street foray
Bitcoin hit a new record on Wednesday, surging past $65,000 after it took another step towards mainstream status as the...A bitcoin futures exchange-traded fund (ETF), a type of financial instrument, made its debut on the New York Stock Exchange on Tuesday
The cryptocurrency soared to $65,778, according to CoinMarketCap
Rio Tinto to ‘halve’ emissions
Mining releases 4-7% of global greenhouse gas emissions.Rio Tinto said it would spend around $7.5 billion from now until the end of the decade to reduce emission
The cut would be to so-called scope one and two emissions — from mining operations and power consumption
Jack Ma’s Europe trip sends Alibaba shares soaring
Jack Ma’s Ma's presence in Spain was reported by the South China Morning Post, which is owned by Alibaba. The...The news has renewed investor hopes that the worst of China's regulatory crackdown for the Alibaba Group might be over
Chinese officials last year spiked what would have been a world-record $37-billion IPO for Alibaba's financial group Ant
Sharjah Islamic Bank board okays 40 percent foreign ownership ceiling
Sharjah Islamic Bank has announced that its board of directors agreed to raise the percentage of foreign ownership in the...The board's nod will now be submitted to the bank’s general assembly for a discussion and final decision.
In its recent financial results, the bank had announced an increase in its net profit by 29.6 percent for the nine months ended Sept. 2021.
DP World launches digital platform CARGOES Logistics
The platform is apparently aimed to address complexities and inefficiencies that exist in global supply chains.The first phase of the launch is expected to immediately offer customers access to book cargo from UAE to India
They can also book cargo from India to multiple destinations across the Middle East, Subcontinent, Southeast Asia, the Far East, and North Africa
