Public-Private collaboration is crucial to tackling physical inactivity crisis: WFSGI CEO Emma Zwiebler
Emma Zwiebler, CEO of the World Federation of the Sporting Goods Industry (WFSGI), sat down exclusively with TRENDS at the...
Business
Masdar targets 100 GW of clean energy by 2030
Abu Dhabi, UAE - Fatima Al Suwaidi, Head of Development & Investment (APAC) at Masdar, has affirmed the company's ambitious...
Business
Business
UBS partners with Qatar for green project in Gulf country
Qatar Financial Center Authority and UBS Asset Management will collaborate to set up a green sustainable private markets initiative in...
- The collaboration intends to develop a joint vision for the initiative with the objective of establishing Qatar as a center for environmentally sustainable investments
- To give a boost to the partnership Qatar will make an initial seed investment of up to $500 million
Arts & Culture
S Korean Netflix hit ‘Extraordinary Attorney Woo’ sparks autism debate
The endearing "Extraordinary Attorney Woo", featuring a neurodivergent attorney, has been Netflix's most-watched non-English show for over a month, following...
- The 16-episode series follows a rookie lawyer whose condition helps her find brilliant solutions to legal conundrums but often leaves her socially isolated
- In South Korea, some families of autistic people have described the show as pure "fantasy", saying her character is unrealistic
Business
Saudi Central Bank updates its Regulatory Sandbox Framework
The bank took this step to promote the Regulatory Sandbox's involvement in the Financial Sector Development Program (FSDP), one of...
- The bank took this step to promote the Regulatory Sandbox's involvement in the Financial Sector Development Program (FSDP), one of the key objectives of the Saudi Vision 2030
- The Central Bank pointed out that the updated framework of the Regulatory Sandbox is open for both local and international applicants
Business
Taiba gives hotel contract to ACC
ACC won the $115m contract to build a hotel in Madinah.
- The hotel will feature two towers connected by a bridge at the upper level with public and dining areas
- Taiba posted a profit of $14.97 million during H1 of 2022, wiping out losses of $4.02 million for the same period of last year
Business
Jafza records 19% trade growth
The company overcomes the global economic headwinds.
- Complementing this growth was an 18.6 percent increase in the number of new companies registered in the free zone
- More than 25 percent of the new companies registered in the free zone belonged to the retail and general trading segment
Arts & Culture
End of the road for New York’s horse-drawn carriages?
Opponents say the horses live in cramped conditions, are often malnourished and dehydrated, get spooked by cars en route to...
- Opponents say the horses live in cramped conditions, are often malnourished and dehydrated, get spooked by cars en route to the park
- On Instagram, supermodel Bella Hadid urged lawmakers to pass Holden's legislation, calling the tourist rides "barbaric."
Business
Oil tanker briefly shuts down Egypt’s Suez Canal
According to website Vessel Finder, the 250-meter-long, Singaporean-flagged tanker is headed for the Saudi port of Yanbu.
- A security source told media the Affinity V "ran aground in the Suez Canal at 19:15" (17:15 GMT)", adding that maritime traffic had been restored after "a short period of time"
- Last year, super tanker Ever Given became wedged diagonally across the canal during a sandstorm, disrupting world trade for nearly a week
Business
Trump social network unwelcome in Google store over moderation issues
The internet giant made the statement after the Trump camp argued that it didn't know why its social network app...
- The app breaks rules barring content that incites physical threats and violence, according to the tech firm
- Truth Social would still be able to make its app available on its website or other online venues that don't involve Google's online shop
Business
Microsoft to set up biggest cloud data center in Qatar
Microsoft will set up a new cloud data center in Qatar, creating 36,000 jobs and adding more than $18 billion...
- Many believe the Qatar operation would make the country more self-sufficient in information technology and speed up processing
- Qatar, which will host this year's football World Cup, has been reaping record profits from its natural gas and oil in recent years, but has also been investing massively in divers
Business
UAE’s 10 largest banks reap second quarter windfall
Banks in the UAE held a 22.4 percent market share of the assets in the Arab banking sector, followed by...
- The A&M research investigates size, liquidity, income, operating efficiency, risk, profitability, and capital of financial institutions.
- A 19.5 percent rise in total interest income saw the banks post a net income growth of 24.4 percent.
Public-Private collaboration is crucial to tackling physical inactivity crisis: WFSGI CEO Emma Zwiebler
Emma Zwiebler, CEO of the World Federation of the Sporting Goods Industry (WFSGI), sat down exclusively with TRENDS at the...
Business
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Bahrain and Russia look to boost economic cooperation
Manama, Bahrain-- Bahrain and Russia have held discussions to enhance cooperation in various fields of the two countries' economies. In...
Economy
Iran and Russia diplomats hold discussions on BRICS
Tehran, Iran--Senior Iranian and Russian diplomats held talks in Tehran to discuss the BRICS group and its fields of activities...
Economy
Indian film company to operate cinemas in Saudi Arabia
Dubai, UAE - Mukta A2 Multiplex WLL, the international subsidiary of Mukta Arts, one of India's leading film production houses,...
Business
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Business
LNG trade to grow 25% to 500m tons in 5 years: IEF
According to a report "Fragile Equilibrium: LNG Trade Dynamics and Market Risks" China has surged ahead of Japan to become...
- LNG's share of gas demand in Europe rose from 12 percent a decade ago to more than 50 percent
- Faced with the sudden loss of pipeline gas, Europe turned to LNG to fill the void, sending prices up
Business
UAE warns of visa ban over job loss insurance fines
ABU DHABI, UAE - Some employees who failed to meet an October 1 deadline to sign up to the UAE's...
- Subscribers to the unemployment insurance scheme can make a single payment to cover the year's subscription or quarterly or monthly payments.
- The policy aims to provide a vital safety net for workers in the public and private sector if they lose their job.
Business
Alstom to cut 1500 jobs
Alstom said it aims to cut debt by 2 billion euros by March 2025.
- Alstom posted last month a negative cash flow of 1.15 billion euros ($1.25 billion) in the first half of its fiscal year.
- The group said it was working on a "comprehensive operational, commercial, and cost efficiency plan" to reinforce its balance sheet.