Japan’s high-tech sunscreens tap into skincare craze
Tokyo, Japan -- When YouTuber Hannah Price set out to compare Japanese and Australian sunscreen, she wasn't expecting her deep...
Business
Cross-border payments and financial inclusion drive stablecoin popularity
London, United Kingdom -- Stablecoins -- a form of cryptocurrency backed by traditional assets -- are gaining traction, with the...
Business
Business
ADNOC, Japan sign deal to bolster low-carbon hydrogen value chain
Tokyo, Japan--Abu Dhabi National Oil Company has signed two agreements with Japanese partners to strengthen the low-carbon hydrogen value chain between...
- One of the agreements, with Kawasaki, aims to explore the production, liquefaction, and transportation of hydrogen to key global markets
- The deal comes as countries around the world ramp up efforts to reduce carbon emissions and meet the goals of the Paris climate agreement
Economy
ACWA Power to build 1,000 megawatt solar power plant in Iraq
Riyadh, Saudi Arabia--ACWA Power will construct a 1,000 megawatt solar power plant in Iraq, the first clean energy project in...
- The joint venture project, according to Iraqi minister, will be developed in Central Iraq’s Najaf city, around 160 km south of the capital
- In 2021, Iraq signed a contract with PowerChina to build 2,000 MW solar plants in the nation to fulfill its growing demand for electricity
Business
Elon Musk lays out plan to create ‘truth-seeking’ AI
Musk's founding of X.AI artificial intelligence corporation, a rival to OpenAI came several weeks before he joined experts in signing...
- The billionaire boss of Twitter voiced anew his concerns about the danger of AI, saying it has "the potential of civilizational destruction"
- Elon Musk has formed an X.AI artificial intelligence corporation based in the US state of Nevada, according to business documents
Business
A ‘VUCA’ world demands digital resilience
As organizations prepare for the next wave of disruption, including responding to cyber-attacks, keeping the enterprise environment secure, and accommodating...
- We surveyed over 2,500 organisations from a variety of vertical markets including financial services, education, government, gaming, utilities, healthcare and retail and eCommerce
- Many enterprise organizations are opting for a hybrid model and adapting their workplace, not only for health reasons but also for efficiency and cost reduction benefits
Business
Dubai records $450 million in real estate transactions: DLD
Dubai, UAE - Dubai's real estate market recorded real estate deals worth AED1.8 billion on Monday, Dubai Land Department said....
- The sales included 447 villas and apartments worth AED910.14 million ($247.84m), and 49 land plots worth AED756.08 million ($205.87m).
- The mortgages included 88 villas and apartments worth AED145.7 million ($39.68m) and 19 land plots valued at AED23.35 million ($6.36m).
Business
Saudi crowdfunding platform Jood Eskan enters Guiness World Records
Dubai, UAE -- The Charitable Jood Eskan Subscription, Saudi Arabia's campaign for providing housing for low-income families, has entered the...
- The Jood Eskan crowdfunding platform was launched in 2019 to provide housing for families in need in 2019 by the kingdom's National Developmental Housing Foundation (Sakan).
- The Charitable Jood Eskan Subscription, a campaign launched during Ramadan, realizing the highest target for an electronic charitable campaign in one month.
Science
Arada to create Middle East’s first new sustainable water treatment
SHARJAH, UAE- Arada is investing in a new research and development (R&D) facility here, bringing a new form of sustainable...
- The long-term goal for the facility will be to create an improved ‘Biopolus 2.0’ version of the technology, while also turning Sharjah into a global hub for the process
- The modular, flexible, and odor-free nature of the Biopolus technology means that each plant can be placed directly in any urban environment
Geostrategy
Air France, Airbus acquitted over 2009 Rio-Paris crash
PARIS, FRANCE - Air France and plane manufacturer Airbus were acquitted Monday over the 2009 crash of a Rio-Paris flight after...
- The two companies went on trial in October to determine their responsibility for the worst aviation disaster in Air France's history.
- If convicted, Air France, Airbus would have risked a fine of US$250,000 as well as significant reputational damage.
Business
MBME lists on ADX
The firm provides customized digitalization solutions.
- MBME Group operates the region’s largest online utility and government services payment platforms.
- It became the 14th company to list on the ADX Growth Market, which delivered robust performance last year.
Business
Sega to buy Rovio
The deal is worth more than $770 million, the companies said.
- The deal would mark the end the independence of Finnish mobile game makers, which burst into the scene when Rovio launched its slingshot-bird game more than a decade ago.
- The bid by Sega, famous for its own animal character, Sonic the Hedgehog, is also the latest high-profile acquisition in the gaming sector.
Japan’s high-tech sunscreens tap into skincare craze
Tokyo, Japan -- When YouTuber Hannah Price set out to compare Japanese and Australian sunscreen, she wasn't expecting her deep...
Business
Company News
UAE, Korean firms ink pact
Business
Latest News
US approves inspection program to return Boeing 737 MAX to service
The FAA announcement is a major step after the agency grounded 171 MAX 9 planes after the January 5 incident...
Business
UAE-Hong Kong non-oil foreign trade surges to US$16.23 billion
Hong Kong--Non-oil foreign trade value between the UAE and Hong Kong expanded in the past year, reaching $16.2 billion in...
Business
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Business
SK Hynix posts US$259.4m profit
The chip maker said the profit was boosted by strong sales.
- The company said it returned to profit after four consecutive quarters of losses driven by demand for chips used in AI
- The chip maker posted a quarterly profit in Q3 of 2022, after which it was hammered by an industry-wide downturn
Business
DMCC launches global trade roadshow in London to attract FDI from UK
Dubai, UAE--DMCC has kicked off the ninth edition of its global trade roadshow, Made For Trade Live, in London, seeking...
- During the four quarters to the end of Q2 2023, the UAE-UK bilateral trade grew 47.3% year-on-year to reach $32.40 billion
- In 2023, more than 200 British companies joined DMCC’s business district alone, representing a 10% year-on-year growth
Business
Innovations, investment spur UAE lab equipment surge
Driven by a growing population, the prevalence of chronic diseases, and significant government investments, the UAE's laboratory equipment market is...
- Driven by a growing population, the prevalence of chronic diseases, and significant government investments, the UAE's laboratory equipment market is set to hit $1.5b by 2027.
- Technological innovations in diagnostics play a key role in this dynamic landscape, setting the UAE's healthcare sector on a path of transformative growth, say a latest report.