Does ‘vibe coding’ make everyone a programmer?
New York, United States -- Can a complete tech novice create a website using everyday language on ChatGPT? That's the...
Business
Business
Disney sacks CEO Bob Chapek
It has brought back former CEO Bob Iger to take back the reins.
- The change, a dramatic turn of events for one of the largest media conglomerates in the world, was effective immediately, Disney said in a statement
- Chapek spent two years as CEO, a period that saw Wall Street concerned about rising expenses at the company
Business
AD Ports Group and Transmar launch new Pakistan Service
The new container shipping service links Karachi with the region’s major ports within UAE, KSA, Egypt, Jordan, Sudan and Djibouti.
- The new container shipping service links Karachi with the region’s major ports within UAE, KSA, Egypt, Jordan, Sudan and Djibouti
- The new route will contribute to AD Ports Group’s strategic objectives of increasing regional and global connectivity
Business
Riyadh, Dubai, Kuwait lead MENA in supporting startups as region sees drop in investment levels
Riyadh has surpassed all other MENA cities in terms of startup activities with higher literacy rate, faster average broadband speed,...
- Riyadh has surpassed all other MENA cities in terms of startup activities with higher literacy rate, faster average broadband speed, a latest report points out
- Startups in MENA had raised $173 million across 51 deals until September end, marking a 54 per cent month-on month-drop in investment value
Business
FIFA says 2.95 million World Cup tickets sold
Queues have built up outside the FIFA ticket centre in Doha and fans report long waits to get onto the...
- Qatar has already overtaken Russia 2018, when just over 2.4 million tickets were sold
- The start of the World Cup has led to a surge of interest in the 64 matches over 29 days
Economy
Abu Dhabi launches smart manufacturing index
ABU DHABI, UAE - The Abu Dhabi Department of Economic Development (ADDED) has launched the 'Abu Dhabi Smart Manufacturing Index',...
- The Index empowers manufacturers with the necessary knowledge and training to initiate an Industry 4.0 transformation journey.
- It breaks down sophisticated concepts into six building blocks to provide a clear and easy-to-follow roadmap.
Business
Saudi firm partners with Trump Organization in $4 bn Oman project
Riyadh, Saudi Arabia - A Saudi real estate firm has partnered with the Trump Organization on a $4 billion golf...
- The deal involves the Dar Al Arkan Global Company, a subsidiary of Dar Al Arkan Real Estate Development Company.
- Washington and Riyadh are currently at odds over the OPEC+ oil cartel's decision last month to cut its production.
Business
Mawani announces new freight service at King Abdulaziz Port
Riyadh, Saudi Arabia---Saudi Arabia’s General Authority for Ports (Mawani) Sunday announced a new freight service, at the King Abdulaziz Port...
- The service connects King Abdulaziz Port with six major regional and international ports.
- This coincides with the launch of the added EJBS service from the Emirates Shipping line.
Business
Sales of Al Rahmaniyah Commercial Lands begins
SHARJAH, UAE - ASAS Real Estate Company, the real estate arm of Sharjah Islamic Bank (SIB), announced the launch of...
- The project follows increasing demand for the company's latest real estate projects.
- The project benefits from close proximity to Emirates Road, Sharjah Airport and Sharjah University City.
Business
UAE sets 31 Dec. deadline for availing redetermination of tax penalties
Abu Dhabi, UAE---The Federal Tax Authority (FTA) has called on registered taxpayers to benefit from the decision to re-determine administrative...
- Taxpayers asked to ensure they meet the conditions set out in the Cabinet Decision on re-determining administrative penalties imposed on tax law violations in the UAE.
- Eligible taxpayers must complete all related procedures through the e-services portal on its official website before 31 December 2022 to be able to benefit from these facilities.
Geostrategy
Musk reinstates Trump’s Twitter account after poll
Trump, who had more than 88 million users when his accounted was suspended, reveled in using Twitter as a mouthpiece...
- Trump's account was banned from the platform early last year for his role in the January 6 attack on US Capitol by a mob of his supporters
- Musk's poll asked for a simple "yes" or "no" response to the statement "Reinstate former President Trump," which the billionaire Twitter boss posted Friday
Company News
EU okays takeover of Seagen
Business
Latest News
OPEC+ cartel’s grip on oil market loosening as demand slows: IEA
Slowing demand growth and rising US crude production will make it more difficult for OPEC+ to continue to prop up...
Business
Arab Union for International Exhibitions & Conferences approves 2024 plan
Sharjah, UAE--The board of directors of the Arab Union for International Exhibitions Conferences (AUIEC), operating under the Council of Arab...
Business
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Business
NEOM unveils Utamo, a $500bn project to showcase world’s mega artists
NEOM, Saudi Arabia - Saudi Arabia's $500 billion mega project, has introduced Utamo, a new art and entertainment destination set...
- Described by NEOM as "an innovative and multipurpose event and performance space," Utamo features VIP lounges and signature restaurants
- NEOM envisions Utamo as a venue where "reality and the digital realm converge," aiming to redefine entertainment benchmarks
Business
Somalia to get US$4.5bn in debt relief from creditors: IMF
The IMF said the debt relief will facilitate access to additional financial resources that will help it strengthen economy, reduce...
- Its external debt has fallen from 64% of GDP in 2018 to less than six percent of GDP by the end of 2023
- The IMF said that Somalia has implemented a poverty reduction strategy for at least a year
Business
ADX signs MoU with SZSE
The agreement will bolster cross-border ETF cooperation.
- ADX is looking to enhance ties with with leading global financial institutions, including the recent agreement with the New York Stock Exchange
- The agreement between the two bourses is set to provide a robust platform for financial growth and connectivity between the UAE and China