Electric ‘air taxis’ could debut in Japan from 2027
Tokyo, Japan -- Airline ANA said Thursday that, together with a US start-up, it hopes to have electric "air taxis"...
Business
Neo Space Group launches Saudi Arabia’s first earth observation marketplace
Riyadh, Saudi Arabia -- Neo Space Group (NSG), a Public Investment Fund (PIF) company, has announced the launch of the...
Business
Economy
10th Arab-China Business Conference ends with Riyadh Declaration
Riyadh, Saudi Arabia -- The 10th edition of the Arab-China Business Conference successfully concluded on Monday with the announcement of...
- The first day of the conference featured the signing of US$10 billion worth of investment agreements, spanning more than 30 deals across an array of sectors
- The conference featured 9 panels, 18 workshops, and several private meetings and hosted 150 speakers to explore, discuss Arab-Chinese economic cooperation
Economy
UAE and South Korea agree to support SMEs, entrepreneurship
Dubai, UAE-- The UAE and South Korea are aiming to foster cooperation to promote entrepreneurship and support growth of small...
- The UAE's Minister of Economy, Abdullah bin Touq Al Marri, noted the strong business and strategic ties between the two countries, which continue to grow on many fronts
- South Korean FDI in the UAE, in insurance, mining, energy, real estate, touched US$2.2 billion in 2021, registering a staggering 73 percent growth since the beginning of 2013
Economy
UAE and Russia hold talks to eliminate double taxation
Dubai, UAE--The UAE and Russia have held the second round of negotiations on the double taxation agreement on income and...
- The agreement is designed to provide protection to taxpayers from double taxation and remove bottlenecks on the path of trade and investment
- The UAE noted the importance of dialogue in fostering better bilateral relations with Russia, resulting in growth in trade, finance and investment
Economy
Saudi Arabia to provide visitors with instant e-visa to boost travel
Riyadh, Saudi Arabia-- In order to boost the travel and tourism industry in the kingdom, Saudi Arabia will offer instant...
- The visa on arrival is just the latest step in Saudi Arabia's drive to make it easier for visitors to undertake a trip to the kingdom, boosting arrivals to 100 million by 2030
- The Saudi Tourism Authority has adopted digitization increasing accessibility and connectivity for visitors to enter the kingdom and enjoy its natural and cultural diversity
Business
Strong economy, innovation shield GCC banks
GCC banks, which are recognized for their sophistication and maturity, have minimal exposure to the ongoing global crisis due to...
- The Gulf banking sector's resilience and adaptability position it well to navigate the current global landscape, ensuring continued growth and stability, say experts
- GCC banks, which are recognized for sophistication and maturity, have minimal exposure to the crisis due to robust regulations by regional regulators, they add
Business
UK delivery firm Tuffnells collapses
The company had failed to secure new funding, the administrators said.
- Privately-owned Tuffnells, which specializes in large and bulky goods, is based in the northern English city of Sheffield.
- The company, which has 33 delivery depots dotted across Britain, also suffered badly on fallout from the coronavirus pandemic.
Business
Greenpeace denounces UK energy firm over coal-fired power station
LONDON, UK - Greenpeace slammed Britain's power grid operator on Monday after it requested the reactivation of a coal-fired power station...
- National Grid ESO has asked energy firm Uniper to fire up a coal unit of its power station in Ratcliffe-on-Soar, central England.
- Temperatures in Britain could exceed 30 degrees Celsius (86 degrees Fahrenheit) on Monday and remain high this week, forecasters say.
Business
HSBC relaunches SVB UK
The new unit is headed by former SVB UK boss Erin Platts.
- HSBC rebranded SVB UK as HSBC Innovation Banking, the London-listed lender said in a statement.
- HSBC in March bought SVB UK under a deal brokered by the UK government and the Bank of England.
Business
Dubai logs over $952 million in real estate transactions
Dubai, UAE -- Dubai's real estate market recorded real estate transactions worth AED 3.5 billion ($952 million) on Monday, the...
- The deals included 671 sales transactions worth AED2.29 billion, 149 mortgage deals totaling AED1.14 billion and 29 gift deals amounting to AED98.65 million.
- The sales included 615 villas and apartments worth AED1.45 billion, and 56 land plots worth AED846.15 million.
Business
Initiative by Digital Economy Chamber to help firms set up in Dubai
DUBAI, UAE - Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has announced a...
- The initiative will provide a comprehensive package of services designed to support tech, digital startups, SMEs, and MNCs.
- The chamber’s strategy (2022– 2024) is focused on improving the digital business environment, developing support for digital firms.
Electric ‘air taxis’ could debut in Japan from 2027
Tokyo, Japan -- Airline ANA said Thursday that, together with a US start-up, it hopes to have electric "air taxis"...
Business
Company News
Borouge signs supply agreement
Business
Latest News
Uber, Kia sign EV partnership
Business
DP World signs MoUs in India
Business
Strengthen emotional security to thwart cyberattacks
While love, loneliness, and excitement are easily exploitable emotions, any factor impacting someone’s emotional state can make them a target....
Opinion
Global LNG demand to rise more than 50 percent by 2040: Shell
"Demand for natural gas has already peaked in some regions but continues to rise globally, with LNG demand expected to...
Business
UAE economy posts best growth rates in comparison to others: IMF official
Dubai, UAE-- The UAE's economy has recorded the best growth rates in comparison to other economies in the region, according...
Economy
Most Read
Business
Sony hikes net profit forecast
It now predicts full-year net profit to touch US$6.1 billion.
- The conglomerate now predicts full-year net profit of $6.1 billion
- Sony also announced it would spin off its financial services division
Opinion
CFOs at forefront of ESG integration in businesses
"The CFO's role as an ESG guardian and promoter varies significantly across organizations. CFOs with limited ESG experience should deepen...
- Integration of ESG into finance sectors highlights the evolving expectations from CFOs.
- In-house research shows 89 percent of CFOs rate communication as the most vital skill.
Business
Boeing expects Q1 hit from MAX troubles
The airline backs intensified oversight from the FAA.
- The company said it will support oversight from the Federal Aviation Administration after a near-catastrophic Alaska Airlines incident
- The Federal Aviation Administration grounded more than 170 MAX 9 planes for about three weeks. after the Alaska Airlines emergency