Countries where the X social network is banned and why
Paris, France - With its ban of X, which went into effect on Saturday, Brazil joins a small club of countries...
Business
Chinese EV company Xpeng shares up 6% post mass-market car launch
Xpeng shares rose after the Chinese electric car company launched its new mass-market Mona brand on Tuesday with prices starting...
Business
Musk polls Twitter users on his future as CEO
The unpredictable billionaire posted the poll shortly after apparently acknowledging he had made a mistake banning Twitter users from promoting...
- In Twitter exchanges with followers, Musk said he did not have a replacement lined up
- In a downbeat response, Musk said Twitter was "in the fast lane to bankruptcy
Business
Ajman real estate deals up by 73 percent in Nov to $381 million
Ajman, UAE-- The Department of Lands and Real Estate Regulation in Ajman recorded 1121 real estate transactions worth AED1.4 billion...
- Department of Lands and Real Estate Regulation recorded 123 mortgage transactions with a total value of AED 437 million.
- The highest mortgage value was recorded at AED 93.5 million in the “Al-Nakhil 1” area.
Business
EGA to supply CelestiAL solar aluminium to Kobe Steel
The agreement with Kobe Steel will see the supply of EGA’s CelestiAL solar aluminium to one of the largest rolling...
- The agreement with Kobe Steel will see the supply of EGA’s CelestiAL solar aluminium to one of the largest rolling mills in Japan
- EGA currently supplies thousands of tonnes of aluminium to Kobe Steel every year, in a business relationship that stretches back more than 25 years
Business
Twitter to disallow users from promoting rival social platforms
The move of not allowing users to promote their accounts on several rival social media platforms including Facebook and Instagram...
- Twitter users would be barred from posting "Follow me @username on Instagram," the social media giant said
- Twitter co-founder Jack Dorsey questioned the new policy with a one-word tweet: "Why?"
Business
Shah Rukh Khan, other Bollywood stars eye Saudi market
Khan’s Umrah, participation in the Red Sea Film Festival, which followed the filming of Dunki in the futuristic city of...
- Recent years have seen SRK, as he is called in India, develop a close relationship with the Gulf
- Large South Asian diaspora and a growing Arab awareness of Indian films opens up a lucrative market
Science
UN nature deal calls to protect 30% of planet by 2030
MONTREAL, CANADA - A UN nature deal proposed Sunday calls to protect at least 30 percent of the planet by 2030...
- It called on wealthy countries to increase financial aid to the developing world to $20 billion annually by 2025.
- Developing countries, spearheaded by Brazil, were seeking the creation of a new fund to signal the global north's commitment to the cause.
Science
Dubai Supreme Council of Energy reviews efforts to achieve net-zero carbon emissions by 2050
DUBAI, UAE - Chairman of the Dubai Supreme Council of Energy Sheikh Ahmed bin Saeed Al Maktoum chaired the 73rd...
- The meeting discussed a proposal by ENOC to supply petroleum products to Al Maktoum International Airport through the Falcon Station in Jebel Ali.
- It also discussed the national system for trading carbon credits in cooperation with the Ministry of Climate Change and the Environment.
Videos
UAE 2031 vision key to its global ambitions
The vision is based on four pillars that cover all sectors including the society, economy, diplomacy and ecosystem, the government...
- We the UAE 2031’ vision is a national plan through which the UAE aims to pursue its development path for the next 10 years.
- It seeks to "enhance the position of the UAE as a global partner and an attractive and influential economic hub", the government says.
Business
KEZAD Group signs lease
The 50-year lease was signed with Star Paper Mill.
- Under the agreement, Star Paper Mill in collaboration with RC Paper Machines, will expand its existing capacities with an investment of AED200m.
- Star Paper Mill’s new facility would have installed capacity of 135,000 tons to manufacture recycled semi kraft liner, white top liner and testliner.
Economy
‘Rental Disputes Center provides 9 years of stability in real estate sector’
DUBAI, UAE - The Rental Disputes Center (RDC), the judicial arm of Dubai Land Department (DLD), was launched to achieve...
- RDC resolved cases by concluding reconciliation agreements amounting to 10,179 cases that were resolved amicably.
- The average duration of execution of rental judgments and decisions for 2022 is four days, the RDC director says.
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Countries where the X social network is banned and why
Paris, France - With its ban of X, which went into effect on Saturday, Brazil joins a small club of countries...
Business
Company News
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Dubai faces warehouse shortage, says new report
DUBAI, UAE — The supply of under construction warehouse stock in Dubai’s industrial market stands at 1.56 million square feet according...
Business
Vietnam TikTok entrepreneurs turn job losses into livestream gains
Bac Giang, Vietnam - Vi Thi Anh spent half a decade doing monotonous low-paid work in industrial hubs near Vietnam's capital...
Business
Shell eyes $6bn in Nigeria
The investment opportunities are being explored in offshore gas projects.
Business
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Business
Sidra Medicine, GlobeMed Qatar sign pact on medical services
DOHA, QATAR – Sidra Medicine and GlobeMed Qatar have signed an agreement to offer eligible insured members of payers contracted...
- The insured members contracted with GlobeMed Qatar will have access to Sidra Medicine’s women’s and pediatric medical services.
- This collaboration marks a significant step in offering insured members enriched healthcare experience in Qatar.
Business
US’ first high-speed train to run between LA and Las Vegas in 2028
Washington, United States -- The United States will have its first high-speed train -- between Los Angeles and Las Vegas --...
- This project called Brightline West, from the name of the Florida-based company that will build and operate it, will receive up to $3 billion in financing, the administration said
- While high-speed rail is the norm in much of Europe and Asia, particularly in China and Japan, the United States has long lagged behind.
Business
Saudi Crown Prince launches urban plan of Qiddiya city
Riyadh, Saudi Arabia -- Crown Prince Mohammad bin Salman, Prime Minister and Chairman of the board of directors of the...
- Qiddiya city will become, in the near future, the foremost global destination in the fields of entertainment, sports, and culture, Argaam reported.
- Work on the project has already begun by pumping about SAR 10 billion into the construction projects. The first assets are expected to be inaugurated in the next two years.