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ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

DAE to acquire Nordic Aviation Capital

The terms of the transaction have not been disclosed.

Emirates’ first A350 takes flight

The airline operated the inaugural flight from Dubai to Edinburgh.

NDMC arranges $2.5bn credit facility

The Shariah-compliant facility spans a tenure of three years.

Special economic zones are a new craze in Middle East

Vast swathes of land across the desert region are seeing the sprouting of new special zones to entice big business...
  • In 2023, Saudi Arabia set up four new special economic zones, with incentives for international companies to operate within the kingdom
  • SEZs are seen as catalysts for economic diversification, which offer platforms for innovation, entrepreneurship, and investment in non-oil sectors

Germany shares observations on Qatar hosting Autonomous e-Mobility Forum

In its efforts toward sustainable transportation, the German embassy is the first diplomatic representation in Doha to utilize an electric...
  • The diplomats shared their observations and views on Qatar’s trajectory as a hub for dialogue and the potential of autonomous e-mobility moving forward
  • The German embassy is indeed the first diplomatic representation in Doha to utilize an electric vehicle as a staff car

QFZ, AEMOB to drive EV innovation

AEMOB Forum will be held in Qatar from April 30 to May 2
  • The collaboration harnesses QFZ’s unique position in facilitating trade and investment to propel the e-mobility ecosystem forward
  • Scheduled to convene in Doha, Qatar from April 30 to May 2, the AEMOB Forum serves as a platform for driverless e-mobility

Tehran, Baghdad to launch maritime passenger transport line

TEHRAN, IRAN – Iran and Iraq will launch the first maritime passenger transport line within the next two months, an...
  • Given the readiness of Iran’s Abadan and Khorramshahr ports for the transportation of passengers to the destination of Wasliya and Basra ports in Iraq..
  • the officials of the two sides have expressed their readiness for the initiation of the transportation of passengers via sea, Ali Akbar Safaei emphasized.

Air Arabia Egypt marks its first flight to Istanbul

CAIRO, Egypt – Air Arabia Egypt on Sunday commenced its first non-stop flight from Cairo International Airport to Sabiha Gökçen...
  • Upon arrival at Istanbul, the flight was greeted with a water cannon salute and a welcome ceremony.
  • The newly added route will connect both cities with a frequency of three weekly flights.

DWTC welcomes 2.47m visitors in 2023, says EVP

DUBAI, UAE – Executive Vice President, Dubai World Trade Center (DWTC)  Mahir Julfar said that the DWTC's performance in 2023...
  • Over 722,000 were international visitors to various events, showcasing an unparalleled 60 percent growth rate year-on-year.
  • Flagship events such as GITEX Global and Gulfood maintained their leadership positions in their respective sectors.

Jordanian industrialists call for export diversification

AMMAN, JORDAN – Jordanian industrialists have emphasized the imperative of strategic planning to bolster export diversification, underlining key measures such...
  • They called for expanding outreach to foreign markets, fostering collaboration between the government and the industrial sector.
  • Jordan has taken several measures to stimulate domestic exports, improve market access and maximize the benefits of existing free trade agreements.

Tesla to unveil robotaxi in August

Its shares rose more than three percent in after-market trades.
  • Tesla models with Full Self-Driving "will be superhuman to such a degree that it will seem strange in the future that humans drove cars," Elon Musk wrote in his post on X
  • Musk has also said that owners of Tesla vehicles with FSD will be able to have their cars serve as robotaxis, rather than remain idly parked

Meta to label AI-generated content

It seeks to reassure users over the risks of deepfakes.
  • The company said it will no longer remove manipulated images and audio that don't otherwise break its rules
  • The changes come as a response to criticism from the tech giant's oversight board, which reviews Meta's content

Dubai receives 3.67 million visitors in first two months of 2024

Dubai, UAE--Dubai received 3.67 million overnight visitors in January-February 2024, with an increase of over 18 percent year-on-year (YoY), figures...
  • The emirate recorded 1.77 million international visitors in January, and 1.9 million in February, according to Dubai Department of Economy and Tourism
  • Europe led the list with 773,000 tourists, South Asia came in second with 604,000 visitors, followed by Gulf Cooperation Council countries with 549,000

Software solutions that minimize cost overruns, delays in construction  

Project management software solutions have emerged as essential tools to streamline construction operations, enhance efficiency, and improve project delivery. They...

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Boeing lifts wage hike to 30% 

The 30% general wage hike improves upon the 25% in the earlier offer.

Microsoft cutting more jobs from its gaming unit amid industry layoffs

San Francisco, United States- Microsoft is cutting about 650 more positions from its gaming unit as it continues to tighten its...

Apple unveils new iPhone built for AI, looks to boost sales

Cupertino, United States - Apple on Monday unveiled new iPhones built for generative artificial intelligence as it seeks to boost sales...

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Countries where the X social network is banned and why

Paris, France - With its ban of X, which went into effect on Saturday, Brazil joins a small club of countries...
  • Beyond permanent bans, some nations have temporarily restricted access to X, formerly Twitter, which has often been used by political dissidents to communicate
  • These have included Egypt in 2011 during the Arab Spring uprisings, Turkey in 2014 and 2023, and Uzbekistan around that country's 2021 presidential election

Apple in talks to invest in OpenAI, creator of ChatGPT: report

Washington, United States - iPhone juggernaut Apple is in talks to invest in OpenAI, the creator of ChatGPT and the biggest...
  • The company founded by Steve Jobs is at the funding table as OpenAI raises more money to help meet the heavy costs of building new technology
  • Reports said that OpenAI is in talks to reach a valuation of $100 billion in the funding round led by venture capital firm Thrive Capital, which will pump in one billion dollars

2024 Crypto Crime Update Part 2: China-based cybercrime networks on the rise

In part 1 of our mid-year crime update, we discussed trends related to ransomware and stolen funds. While aggregate illicit...
  • 43% of YTD scam inflows have gone to wallets that became active this year
  • Huione Guarantee, appears heavily used for illicit crypto-based activities, including pig butchering, investment fraud, and money laundering