Lithium-sulfur batteries will transform energy storage, says Lyten’s Horvath
Lyten, a Silicon Valley-based company, is revolutionizing the energy storage market with its groundbreaking lithium-sulfur battery technology. These batteries offer...
World Economic Forum
Hong Kong’s property distress hurting banks
Distressed property sales in Hong Kong are beginning to bite banks with average prices of office buildings, shopping malls and...
Business
HFZA to highlight investment opportunities at Gulfood 2023
Sharjah, UAE--The Hamriyah Free Zone Authority (HFZA) will take part in the upcoming 28th edition of Gulfood 2023, the biggest...
- The exhibition will bring together some top players from the global food and beverage sector, working together towards shaping the future of the industry
- HFZA’s pavilion will also highlight exclusive services provided by the park, specifically tailored for food industry owners
Business
Dubai Chamber of Digital Economy hosts industry workshop
DUBAI, UAE - Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has hosted the...
- The workshop saw discussions on topics surrounding regulations, funding, talent, and infrastructure.
- The dialogue sought to provide clarity and a better understanding of the opportunities and challenges faced by e-commerce companies.
Videos
On the edge: Saudi workplace wellness needs overhaul
WHO says that globally an estimated 12 billion working days are lost every year to depression and anxiety at a...
- Preventing mental health conditions at work is about managing psychosocial risks in the workplace.
- WHO recommends employers do this by implementing organizational interventions that directly target working conditions and environments.
Business
Qatar logistics sector to outperform GCC states during 2020-2026
Doha, Qatar—Logistics market in Qatar will outperform other Gulf Cooperation Council countries during the 2020-2026 period, a study says. The...
- The study by the Investment Promotion Agency in Qatar showed Qatar ranked among the first 20 percent of countries in the world.
- The logistics sector in the country grew by 7 percent during the last five years.
Business
Abu Dhabi delegation in Israel explores business opportunities
ABU DHABI, UAE - A delegation of 10 Abu Dhabi entities visited Israel from February 12-16 to discuss business cooperation...
- The Abu Dhabi delegation participated in the 2023 OurCrowd Global Investor Summit in Israel.
- The delegation hosted the Abu Dhabi Pavilion showcasing business and investment opportunities in the emirate.
Business
DEWA CEO discusses bilateral cooperation with Emerson
DUBAI, UAE - MD and CEO of Dubai Electricity and Water Authority (DEWA) Saeed Mohammed Al Tayer received a high-level...
- DEWA, Emerson discussed advancing sustainability and consolidating foundations for environmental, social, and corporate governance.
- Clean energy makes about 14 percent of the total energy production capacity in Dubai.
Economy
ChatGPT sets off AI ‘gold rush’ in Silicon Valley
Artificial intelligence (AI) has been increasingly present in everyday life for decades, but the November launch of the conversational robot...
- OpenAI, the ChatGPT creator, is valued by Microsoft at nearly $30 billion despite still burning through money at a high speed, Wayne Hu, a partner at SignalFire, said
- Generative AI, of which ChatGPT is an example, wades through oceans of data to conjure up original content - an image, a poem, a thousand-word essay - in seconds
Business
GCC gas stations expand as global oil demand surges
The annual expansion of more than 100 fuel stations in the Gulf countries add around US$500,000 per day to companies'...
- The annual expansion of more than 100 fuel stations in the Gulf countries add around US$500,000 per day to companies' revenues in each country in the region, say experts
- Major Gulf gas station firms-- including Saudi Aramco, the UAE's ADNOC, Qatar's Woqod, and Oman's Omco -- have announced new expansion plans for the coming years
Arts & Culture
Qatari businessman mulls taking over Man Utd
London, United Kingdom - A consortium led by a Qatari banker announced it had submitted an offer to take full control...
- Sheikh Jassim Bin Hamad Al Thani "confirmed his submission of a bid for 100 percent of Manchester United Football Club"
- The statement from Sheikh Jassim, chairman of Qatar Islamic Bank (QIB), did not give any details on the amount proposed in the bid for United
Economy
Tunisian trade union protest against plunging economy
SFAX, TUNISIA - Thousands of Tunisian trade unionists held protests across the country on Saturday over worsening economic woes and the...
- The North African country is in drawn-out talks with the International Monetary Fund for a bailout loan
- Demonstrators in Sfax, where the largest protest took place on Saturday, chanted "Tunisia is not for sale!"
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Lithium-sulfur batteries will transform energy storage, says Lyten’s Horvath
Lyten, a Silicon Valley-based company, is revolutionizing the energy storage market with its groundbreaking lithium-sulfur battery technology. These batteries offer...
World Economic Forum
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UAE farm harvests $5.6m from carbon credits in eco-friendly agriculture triumph
Dubai – An innovative agricultural project in the United Arab Emirates, has generated $5.6 million euros from carbon credit sales. The...
Business
New York Times sues OpenAI, Microsoft in copyright clash
Through their AI chatbots, the companies "seek to free-ride on The Times' massive investment in its journalism by using it...
Business
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Business
AD Ports, RSPA to develop and operate terminal in Egypt’s Safaga Port
Cairo, Egypt -- AD Ports Group (AD Ports) has signed a concession agreement with the Red Sea Ports Authority (RSPA)...
- The Safaga Port definitive agreement, sanctioned under the Law on the Granting of Commitment Contract issued on 1st November 2023, will see an investment of US$200 million.
- The terminal, spanning approximately 810,000 square meters, will feature a 1,000-metre quay wall and will handle diverse cargo types.
Business
Cornerstone laid for $40 million logistics park at King Abdulaziz Port
Riyadh, Saudi Arabia -- The cornerstone was laid for an integrated SAR150 million ($39.99 million) Logistics Park at Dammam's King...
- The area of the new park is 100,000 sq. meters, with capacity of 300,000 TEUs annually.
- It aims to facilitate the growth of shipping connectivity, and global logistics services, and to raise the quality and efficiency of services.
Business
Yango shakes up UAE transportation sector with innovative tech and safety features
DUBAI -- In the heart of the UAE, a significant transformation is taking place in the transportation sector. As the...
- The firm emphasizes on safety with advanced technologies like speed control and driving-style monitoring systems.
- Beyond ride-hailing, Yango offers last-mile delivery solutions and an AI Arabic-speaking assistant, Yasmina.