Denmark’s Royal Unibrew adds AI colleagues into workforce
Fakse, Denmark -- They have names, faces and email addresses, but the five new colleagues at Denmark's Royal Unibrew only...
Business
Business
Qatar ports handle 140,000 tons of cargo in Dec 2022
Riyadh, Saudi Arabia-- The Qatar Ports Management Company (Mwani Qatar) said Sunday that it handled over 140,000 tons of cargo...
- Mwani Qatar said that it had received 267 cruises last December, with an increase of five percent, compared to the same period last year.
- It added that 6,263 vehicles and equipment, along with 38,867 heads of cattle and 45,985 tons of building and construction materials were received.
Business
10-day Citrus Festival concluded in Hail region of Saudi Arabia
Hail, Saudi Arabia---The second edition of the 10-day Citrus Festival, which was held in Hail region, has concluded after witnessing...
- General Supervisor of the Festival, Khaled Al-Batea said more than 80 participants displayed citrus products from all farms of the Hail region.
- During the festival, six workshops and a seminar on cooperative societies were held.
Business
Saudi fans flood stores to buy Ronaldo shirts after Al Nassr deal
An unprecedented rush at the Al Nassr kit store started as soon as reports of the deal were leaked to...
- Ronaldo on Friday signed for Al Nassr until June 2025 in a deal believed to be worth more than $200 million
- The football star heads to the Gulf after a year that saw him relegated to the bench for Portugal and cut adrift by Manchester United
Business
US judge orders cruise lines to pay nearly US$450m for using Cuba port
Washington, United States--Four cruise lines have been sentenced by a US judge to pay a total of nearly $450 million for...
- The ruling Friday by a federal judge in Florida requires the Carnival, MSC SA, Royal Caribbean and Norwegian lines to pay $109 million each, plus court costs, to Havana Docks
- The cruise lines had argued that the Obama administration had authorized their travel to Cuba and that they fell under a "lawful travel" exception
Business
Saudi Ministry of Industry, Hyundai Motor ink MoU to build cars in Kingdom
RIYADH, SAUDI ARABIA - Saudi Ministry of Industry and Mineral Resources has signed a memorandum of understanding with Hyundai Motor...
- The agreement aims at enhancing cooperation in a way that realizes the national strategic goals for industry in developing local manufacturing capabilities.
- The MoU stipulates building an assembly plant with the CKD system for electric cars and internal combustion engines cars in Saudi Arabia.
Business
Hudini set to double growth in 2022
With over 60% of hotel executives looking to introduce a fully contactless experience by 2025, Hudini witnesses unprecedented demand for...
- With over 60% of hotel executives looking to introduce a fully contactless experience by 2025, Hudini witnesses unprecedented demand for its solutions
- Hudini enables hotels to provide a connected guest journey from pre-arrival to post departure, ensuring a faster, contactless, and hyper-personalized service delivery
Business
Qatar coach departs after team’s dismal Word Cup
Doha, Qatar-- World Cup hosts Qatar announced Friday that national coach Felix Sanchez had been let go with the end of...
- The Qatar Football Association said it had decided "not to extend Felix Sanchez's contract as head coach of the Qatar national team
- The team's three defeats brought harsh criticism on social media and defender Abdelkarim Hassan has been booted out of his Al Sadd side because of his reaction
Business
Ronaldo signs $200m deal with Saudi Arabia’s Al-Nassr
The Portuguese football star Cristiano Ronaldo has signed for Al Nassr of Saudi Arabia in a deal believed to be...
- Ronaldo heads to the Gulf after a year that saw him relegated to the bench for Portugal and cut adrift by Manchester United
- Saudi Arabia has staged heavyweight boxing title bouts, has hosted a Formula One grand prix the last two years as well as the Dakar Rally
YEARBOOK 2023
Data set to drive GCC telecom growth in 2023
Mobile data service revenues are expected to reach 60 percent of the total GCC mobile service revenues by 2026.
- The GCC mobile market is forecasted to grow meagerly at a CAGR of 1.9 percent during 2021-26.Â
- To arrest a further decline in voice revenues, mobile operators have been selling mobile voice and data service bundles.
Business
Dubai records US$2.6bn in weekly real estate transactions
DUBAI, UAEÂ - A total of 2,790 real estate transactions worth US$2.6 billion (AED9.6 billion) were conducted during the week...
- A total of 2,790 real estate transactions worth $2.6 billion were conducted during the week ending December 30, 2022.
- The DLD report showed that 179 plots were sold for $378 million.
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Bahrain emerges as a thriving hub for tech startups
Entrepreneurs equipped with the right skills, a robust business strategy, and the ability to forge meaningful collaborations are well-positioned to...
Opinion
UAE insurance sector witnessed expansion in 2022: CBUAE
Abu Dhabi, UAE--The insurance sector in the UAE witnessed growth and expansion across various key indicators during 2022, according to...
Business
IPOs, investments help GCC markets prosper in 2023
Regional markets are reflecting a transition from oil dependency to diversified economies with six IPOs raising $419 million in in...
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Business
US bans import of Apple Watch due to patent clash
A US import ban on certain Apple smartwatch models came into effect, after the Biden administration opted not to veto...
- Apple last week paused its US sales of Apple Watch Series 9 and Apple Watch Ultra 2.
- The move came into effect on the online Apple Store on December 21, with retail locations ceasing sales December 24.
Business
New UAE law allows employees merge work years for free
Abu, Dhabi, UAE -- A new UAE law contributes to enhancing insured Emiratis chance in obtaining a retirement pension by...
- The cost of merging service years is paid prior to ending the employment period in one lump sum and within 30 days from the date of approving the merge request.
- GPSSA added that if a pensioner returns to work, he/she may merge the entitled service period by which he/she was entitled to a pension to the new service years.
Business
IsDB, SWCC sign agreement
The collaboration will involve efforts from both parties.
- The agreement includes a mechanism for exchanging knowledge and experiences.
- It would involve transferring the experience of SWCC to the member countries of IsDB.