Etihad unveils new A321LR aircraft
A321LR features First Suite - a private, enclosed space with a sliding door.
Business
‘Something new for the honey market’: Austria trials DNA testing to uncover fraud
Voels, Austria -- At a laboratory in Austria's mountainous Tyrol province, scientists are DNA testing about 100 honey samples a...
Business
Arts & Culture
Dubai is the new destination wedding choice for couples
DUBAI, UAE- Dubai is fast emerging as the city of choice for destination weddings, with a growing number of event...
- This is in line with the efforts aimed at boosting the emirate's stature as a perfect place for living, work and visit, and a global destination for weddings
- Globally, people are choosing Dubai to celebrate not only weddings, but also milestone celebrations and personal occasions
Economy
Tourism in Iraq can be a success, says First Deputy Speaker of Parliament
BAGHDAD, IRAQ - First Deputy Speaker of Parliament Mohsen Al-Mandalawi said that the tourism sector in Iraq has all the...
- Tourism in Iraq can be successful, says First Deputy Speaker of Parliament.
- The First Deputy Speaker met with the Association of Travel and Tourism Companies in Iraq.
Geostrategy
Italy PM Meloni in Libya to discuss energy, migration
Italian Prime Minister Giorgia Meloni arrived in the Libyan capital Tripoli for talks on energy and migration, Libyan state media...
- Libya and Italy are key trade partners, particularly in energy, where Italian giant Eni plays a major role in tapping into Africa's largest known oil reserves.
- Meloni was accompanied by Eni chief Claudio Descalzi, who is expected to sign a deal with Libya's National Oil Company.
Business
DEWA’s virtual employee ‘Rammas’ responds to over 6.8mn enquiries since 2017
DUBAI, UAE - Dubai Electricity and Water Authority’s ( ) virtual employee ‘Rammas’, which uses Artificial Intelligence (AI), answered over...
- DEWA CEO said the firm launched Rammas as part of its strategy to employ AI in all its operations and services.
- Rammas encourages the use of smart channels, reduces the number of visits to DEWA’s Customer Happiness Centers.
Business
Saudi Arabia signs two MoUs at Riyadh Global Medical Biotech Summit
Riyadh, Saudi Arabia--The Saudi Ministry of Investment has signed two memorandums of understanding with Boehringer Ingelheim Company and Saudi Novo...
- The two agreements are aimed at enhancing joint cooperation with the biotechnology and medicine sector in the Kingdom
- The Ministry of Investment is a strategic partner to Riyadh Global Medical Biotechnology Summit 2023
Business
Saudi TASI shines as UAE stocks give lackluster performance
Shored up by healthcare, financial services, banking sector, and raw material companies, the Saudi equities posted gains throughout the weeks.
- Saudi Arabia's TASI continued its outstanding performance during the week, as it rose during the five trading days and ended its week on Thursday higher
- Losses in the industrial and real estate sectors weighed on the main index in Dubai
Business
India’s Adani Group stocks loses US$45bn over fraud claims
Continuing with this week's losses to $45 billion after a US investment firm claimed it had committed "brazen" corporate fraud,...
- Adani Enterprises plunged nearly 20 percent over the day's trade in Mumbai, briefly triggering an automatic trading halt, before recovering slightly
- Adani -- who now has an estimated fortune of $96.6 billion -- is considered a close supporter of Prime Minister Narendra Modi
Business
MoU signed to establish Arab Digital Foodstuff Market
Abu Dhabi, UAE - As part of the pan-Arab efforts to implement the joint Arab digital economy vision, launched by...
- Ahmed Abu Al Gheit, Secretary General of the League of Arab States; and Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade were present during the signing.
- Members of the Executive Office of the Specialised Arab Federations Forum (SAFF) were also present during the meeting.
Business
Iraq loses 7500MW as Iran slashes gas exports to Baghdad
Baghdad, Iraq - Iraq's Minister of Electricity, Ziyad Ali Fadel said the national grid has lost 7,500 megawatts in the...
- Minister of Electricity Ziyad Ali Fadel said the MoU signed with Siemens will lead to the establishment of a station with a capacity of 400MW in Karbala.
- He said the supply will improve by 30 percent in 12 days as gas supplies return to nomral.
Business
Qatar, Morocco stress cooperation at free trade agreement talks
The second round is a continuation of the first round negotiations, which were organized in Rabat, Morocco, in November 2022
- During the meeting, the two sides stressed the importance of concluding the agreement,
- The Moroccan delegation was headed by Director General of Trade at the Moroccan Ministry of Industry and Trade Abdelouahed Rahal.
Etihad unveils new A321LR aircraft
A321LR features First Suite - a private, enclosed space with a sliding door.
Business
Company News
Burgan Bank Sells 52% stake
Business
Latest News
ADNOC Drilling, Alpha Dhabi set up JV
Geostrategy
Yanbu industrial port receives first RORO vessel, carrying nearly 2,000 cars
Yanbu, Saudi Arabia - The King Fahad Industrial Port in Yanbu welcomed the arrival of the "Hoegh Sydney," marking the...
Business
GCC business landscape evolves with rising AI tide
Companies in the region are leveraging artificial intelligence to enhance customer experiences, streamline operations, and stay competitive in the dynamic...
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Business
Dubai Duty Free achieves all-time record sales of over US$2.16bn in 2023
DUBAI, UAE - The New Year began on a high note for Dubai Duty Free with the announcement of an...
- December 2023 finished for Dubai Duty Free with record monthly sales of US$221 million, an 8.37 percent increase compared to 2022.
- It's 40th anniversary celebrations offered a 25 percent discount on December 20 which led to a shopping spree of $14.8 million in 24 hours.
Business
Weyay recognized as ‘Fastest Growing Digital Bank’ in Kuwait by Mastercard
Kuwait City - Weyay was recognized as 'Fastest Growing Digital Bank' in Kuwait by Mastercard on the sidelines of the...
- Since its inception as Kuwait’s first digital bank in 2021, Weyay has combined technology with a dynamic design for a seamless and comprehensive banking experience
- Weyay has played a major role in providing banking services to the youth and early career professionals, aligning seamlessly with their tech-centric lifestyles
Business
Abu Dhabi Islamic Bank adopts AI
The bank expects to enhance operations with AI tools.
- The bank seeks to leverage technology in order to increase productivity and efficiency in code generation and error identification
- The bank says GitHub Copilot will help empower IT teams to streamline their workflows by harnessing the artificial intelligence