Passenger traffic could exceed earlier figures, says Dubai Airports’ CEO
DUBAI, UAE – The airport here has "every chance" of breaking its record for passenger traffic this year after surpassing pre-pandemic...
Business
GCC emerges as a cryptocurrency investment hub
Driven by government initiatives, economic diversification and a tech-savvy population, the region is becoming a prominent center for cryptocurrency investment,...
Business
Bahrain mulls proposal to tighten control over food-delivery motorcycles
Bahrain is deliberating on a proposal to tighten control over food-delivery motorcycles in terms of traffic and health
Hugh Fraser forms new alliances in UAE, Egypt
Clients of HFI will be supported by Al Suweikat and Al Busaies Law Office in Al Khobar.
Al-Khaleej sets foot in Europe, to build $590m factory in Spain
Al-Khaleej to build a factory in Spain with an investment of $590m. It will produce 900,000 metric tons of sugar...
Billionaire Jeff Bezos ready to ride his own rocket to space
Blue Origin has planned its first crewed mission, an 11-minute hop from west Texas to beyond the Karman line and...
Ben & Jerry’s to stop ice cream sales in occupied Palestinian territories: ‘Inconsistent with its values’
In a statement, the Unilever subsidiary said they "hear and recognize the concerns shared with us by our fans and...
Saudi Arabia invites EoIs for Juranah water reservoir project
Saudi Water Partnership Company has invited expressions of interest for the Juranah independent strategic water reservoir
Adnoc to invest over $760m to support production expansion
The Abu Dhabi National Oil Company will invest $763.7 million in integrated rigless services across six of its artificial islands
Israeli spyware taps 50,000 phone numbers worldwide
An Israeli firm accused of supplying spyware to governments has been linked to a list of tens of thousands of...
Oman floats tender for new container terminal at Duqm port
Oman has launched the tendering process to choose a partner to build a container terminal at the Port of Duqm
Careem launches luxury car ride-hailing Bahrain-Saudi Arabia service
Bahrain residents can book the one-way luxury car ride to Saudi Arabian cities such as Dammam, Khobar, Dhahran, Jubail, Buqaiq,...
Passenger traffic could exceed earlier figures, says Dubai Airports’ CEO
DUBAI, UAE – The airport here has "every chance" of breaking its record for passenger traffic this year after surpassing pre-pandemic...
Business
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M42 acquires Diaverum
Business
United Arab Bank posts profit
Business
G42, Cerebras unveil world’s largest supercomputer for AI training, deal worth $100m
Sunnyvale, CA: G42, the UAE-based technology group and Cerebras Systems, the company specializing in accelerating generative AIÂ on Thursday announced...
Business
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Business
Netflix adds 6m subscribers
The spike in numbers comes after password crackdown.
- The streaming giant finished the recently ended quarter with a total of 238 million subscribers and a profit of $1.5 billion, according to an earnings release
- Netflix in May expanded its crackdown on users sharing passwords with people beyond their immediate family as it seeks to shore up revenue after a rough patch last year
Tesla earnings rise to $2.7bn
Revenues surged 47 percent to $24.9 billion.
- Revenues surged 47 percent to $24.9 billion - a record for the company as auto deliveries surged 83 percent to 466,140 vehicles
- Total gross margin came in at 18.2 percent, down from 19.3 percent in the prior quarter and below the 18.8 percent expected by analysts
Economy
Egypt to resume exports of LNG by October: Tarek El Molla
Cairo, Egypt-- Egypt is looking to resume exports of liquefied natural gas exports by October, according to the country's petroleum...
- Egypt uses the gas at home during summer months when the temperatures are high, but in winter months it has excess levels of gas available for export
- El Molla said that summer exports surged last year because the government switched from using natural gas in power stations to mazut fuel oil