Amazon launches first Starlink-rival internet satellites
Project Kuiper, a subsidiary of the online retail giant founded by Jeff Bezos, is playing catch-up with Starlink - SpaceX's...
Business
Science
UAE to showcase advance in organ transplant at Arab Health 2023
Dubai, UAE--The Ministry of Health and Prevention (MoHAP), the Department of Health-Abu Dhabi (DoH) and the Dubai Health Authority (DHA),...
- The UAE health authorities will take part in the 48th edition of the exhibition under a unified national platform called "Emirates Health
- The National Program was designed to support the country's goal of becoming a regional and global leader in organ and tissue transplantation
Business
Samsung profits slide
Its operating profits in Q4 fell to $3.4 billion, a 69 percent drop.
- The decline is in line with the estimate Samsung released earlier this month and marks the company's worst decline in quarterly profits since the third quarter of 2014
- It singled out weak demand for memory chips, saying the sector had been hit hard "as prices fell and customers continued to adjust inventory amid deepening uncertainties
Business
Muscat Stock Exchange joins Tabadul network of ADX and BHB
Abu Dhabi, UAE--The Abu Dhabi Securities Exchange (ADX) and Bahrain Bourse (BHB) announced today that Muscat Stock Exchange (MSX) has...
- Now MSX’s listed securities, along with those of ADX and BHB, are available for digital trading
- Last Year ADX and MSX signed a Memorandum of Understanding (MoU) strengthening bilateral collaboration in areas related to exchange of expertise, information, and advisory services
Business
Dubai International Financial Centre launches ‘metaverse platform’
Dubai, UAE--Dubai International Financial Centre (DIFC) unveiled the “DIFC Metaverse Platform” to attract technology innovators from around the world. The...
- It is part of a strategy being developed by Dubai International Financial Centr to accelerate Dubai’s status as a global metaverse leader
- The platform is commensurate with the Dubai Metaverse Strategy, which aims to add US$4 billion to Dubai's GDP, support 40,000 virtual jobs by 2030 and attract 1,000 companies
Business
Monetization remains key concern as GCC turns to metaverse for investments, business expansion
The region remains cautious as it takes a strategic approach to invest in the technology by focusing on experimentation and...
- The region remains cautious as it takes a strategic approach to invest in the technology by focusing on experimentation and finding suitable business use cases, says an expert.
- "This approach not only minimizes risk for the initial investments but also helps position the GCC for success in the metaverse economy," says Jad Baroudi of Strategy & Middle East
Business
‘Saudi to invest US$266bn in cleaner energy’
Saudi Arabia plans to invest more than US$266 billion to produce cleaner electricity and expand its power grid, the kingdom's...
- Despite its goal of achieving net zero carbon emissions by 2060, Saudi Arabia remains hugely dependent on crude oil exports.
- The Saudi minister said the Kingdom is determined to be the leading exporter of clean hydrogen.
Geostrategy
Abu Dhabi Global Market receives French delegation
ABU DHABI, UAE - Abu Dhabi Global Market (ADGM) Monday received a French delegation to strengthen bilateral relations through dialogues...
- ADGM is home to an increasing number of French companies including renowned anchor tenants such as BNP Paribas Group.
- Dialogues were exchanged through an open platform discussion along with closed-door sessions and roundtables.
Business
TikTok CEO to testify before US lawmakers in March
TikTok is fighting for its survival in the US with rising calls from mainly Republican lawmakers that the company should...
- To strengthen its position, TikTok for months held confidential talks with the US government to find a long-term arrangement that would satisfy any national security concerns.
- A tentative proposal struck in August included direct oversight of TikTok USA by government officials and third-party companies.
Business
Aramco signs 100 pacts at iktva forum, launches digital company
Riyadh, Saudi Arabia--Aramco has signed more than 100 agreements and Memorandums of Understanding valued at around $7.2 billion to help...
- The agreements were signed with Zoom, Taulia Inc, DHL, Ministry of Investment of Saudi Arabia, Accenture, Hassana Investment Company and Achilles among others.
- The iktva program has achieved 63 percent local content in 2022, up from 35 percent in 2015, when iktva was launched.
Infographics
Jordan lowest bribery risk Arab nation
North Korea, Turkmenistan, Equatorial Guinea, Syria and Venezuela present the highest commercial bribery risk, said the TRACE Bribery Risk Matrix 2022.
- The TRACE Bribery Risk Matrix measures a country's score on the basis of four domains, which are derived from nine sub domains.
- The matrix measures the risk in 194 jurisdictions, territories, and autonomous and semi-autonomous regions.
Amazon launches first Starlink-rival internet satellites
Project Kuiper, a subsidiary of the online retail giant founded by Jeff Bezos, is playing catch-up with Starlink - SpaceX's...
Business
Company News
GA-ASI partners with EDGE
Business
Latest News
Aramex partners with Bollywood film Dunki starring Shah Rukh Khan
DUBAI, UAE - Aramex, a global provider of comprehensive logistics and transportation solutions, announced a collaboration with the movie, Dunki...
Business
Global maritime trade sails into geopolitical storm
Most large international shipping companies have decided to reroute trading to avoid the Red Sea and Suez Canal through which...
Most Read
Business
Google Chrome begins restricting cookies in first step towards elimination
Paris, France - Google has begun limiting third-party cookies for some users of its Chrome web browser, a first step towards...
- Cookies, small files which are used to target advertising by tracking web navigation, have recently been subject to greater regulation.
- Google announced in January 2020 that it would begin eliminating third-party cookies within two years, but the start has been delayed several times.
Business
Tesla to recall 1.6m EVs in China
China is a vital component in US-based Tesla's global layout.
- Problems related to assisted driving functions and door-locking systems are said to be the reason for the recall of cars
- The recall also includes 7,538 imported Tesla models made between October 26, 2022 and November 16, 2023
Business
Dubai records $1.57 billion in weeklong real estate transactions
Dubai, UAE -- A total of 1,721 real estate and properties transactions valued at AED 5.8 billion ($1.57 billion) were...
- The DLD weekly report said that114 plots were sold for AED 1.36 billion, 1,183 apartments and villas were sold for AED 3.13 billion.
- A total of 98 properties were granted between first-degree relatives worth AED 617 million.