‘Canon aims for a 42% reduction in GHG emissions by 2030 and net zero by 2050’
Venkatasubramanian (Subbu) Hariharan, MD of Canon Middle East and Turkey, highlights the significance of remanufacturing and refurbishment for reducing environmental...
Business
OpenAI reveals new GPT-4o model that is faster and free for all users
OpenAI on Monday launched a new AI model and desktop version of ChatGPT, along with an updated user interface, the...
Business
Business
NEOM awards contracts for construction of high-speed transportation tunnels
NEOM has awarded two contracts to two consortiums for the construction of two tunnels with a length of 28 kilometers...
- The two contracts were awarded to two consortiums consisting of engineering and construction companies.
- NEOM said the project will be implemented in accordance with the best international practices used to protect the environment.
Economy
‘Made in Saudi’ takes part in 17th OIC Member States Trade Fair
The Made in Saudi program is participating in the 17th Organization of Islamic Cooperation (OIC) Member States Trade Fair
- The Made in Saudi program's participation shows international trade fairs help companies reach global markets
- The event is considered a platform to display goods and services and to discuss about strategic partnerships
Business
Dubai Chamber members’ exports up 28 percent in May, highest since 2018
The strength of the Dubai economy, the flexibility of the emirate's merchants and the value of Dubai Chamber of Commerce...
- Dubai’s strategic plan to boost foreign trade by up to AED 2 trillion ($544 billion) in five years, Al Ghurair said.
- GCC countries accounted for 55 percent of the total exports and re-exports of the members in May 2022.
Economy
Work in water reservoir project in Hatta ahead of schedule
The project includes the construction of two reservoirs with a storage capacity of 30 million gallons of desalinated water, supporting...
- Progress in the Hatta water reservoir project is ahead of schedule as 36 percent completed compared to 32 percent target
- The project has a capacity of 30 million imperial gallons at a cost of approximately AED 86 million
Business
Ladun to list on Nomu
The Saudi firm's IPO was priced at $4.8 per share.
- The company’s initial public offering was priced at SR18 ($4.8) per share, with 20.97 times oversubscription
- The Riyadh-based firm sold 5 million shares, representing 10 percent of its capital
Business
Jordanian army seizes big haul of drugs on border with Syria
Jordan has foiled an attempt to smuggle drugs into the kingdom from its border with Syria, seizing 900,000 Captagon pills...
- Jordanian army has ramped up operations against drug smuggling from Syria which, it said, has been increasing dramatically
- Director of JAF Military Media Department Col. Mustafa Hiyari recently accused Iran and Syria of sponsoring drug dealers operating in Syria
Business
Google pays $118m in settlement to underpaid female workers
Google said on Sunday that it was "very pleased" to be settling, without admission of wrongdoing, a class-action lawsuit that...
- The company also agreed for a third party to analyze its hiring and compensation practices as part of the settlement
- Google previously agreed in 2021 to pay $3.8 million to the US Department of Labor over accusations it had discriminated against women and Asians
Business
TotalEnergies warns consumers to ‘turn down heating’ to ease crisis
TotalEnergies chief Patrick Pouyanne hailed a deal to expand production in the world's biggest natural gas field in Qatar but...
- The deal for a 6.25-percent stake in the North Field East project was announced Sunday barely two months after TotalEnergies said it would pump no more money into Russia
- According to the chief of Totalenergies, the new natural gas complex is part of a "success story" with Qatar which will be ready at the end of 2025 or early 2026
Business
Islamic crypto gains currency in Muslim world
ISLAMICOIN, which adheres to strict Sharia audit, is one of the most popular digital currencies in the Islamic world, says...
- ISLAMICOIN follows recommendations issued by the Office of Crypto Halal for the supervision and Shari’a audit of the work of cryptocurrency markets
- Crypto Halal will keep checking ISLAMICOIN project every three months for compliance
Business
Qatari, Swiss firms discuss investment prospects in medical tourism
The two countries will celebrate 50 years of diplomatic relations in 2023, which includes organizing events like car exhibitions, and...
- Ambassador of Switzerland to Qatar, Edgar Dorig, said there are various opportunities to enhance Qatari-Swiss cooperation in multiple sectors.
- He noted that the volume of trade between the two countries rose to more than QR 5 billion in 2021, witnessing an increase compared to 2020.
‘Canon aims for a 42% reduction in GHG emissions by 2030 and net zero by 2050’
Venkatasubramanian (Subbu) Hariharan, MD of Canon Middle East and Turkey, highlights the significance of remanufacturing and refurbishment for reducing environmental...
Business
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Riyadh to host Peace and Sport Middle East Forum in Oct
Arts & Culture
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GCC unified tourist visa to be introduced within 2 years, says UAE minister
ABU DHABI, UAE – Emirati Minister of Economy Abdullah bin Touq Al Marri has announced that the Gulf Cooperation Council...
Business
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Business
Aldar achieves record occupancy in Grade A commercial properties in Abu Dhabi
Abu Dhabi, UAE - Aldar Properties achieved a 97% occupancy rate across its prime Grade A commercial properties, which includes...
- Occupancy rates at the towers located at ADGM, the international financial centre on Al Maryah Island, stand at 99% compared to 79% when acquired by Aldar in 2022
- Aldar’s other Grade A commercial properties in Abu Dhabi, HQ and International Tower currently hold an average occupancy rate of 95%
Business
Knowledge E and HBMSU sign agreement to ‘reshape future of education’
Dubai, UAE-- Hamdan Bin Mohammed Smart University (HBMSU) and Knowledge E have signed a memorandum of understanding to reshape the...
- Vice Chancellor of HBMSU said the MOU is a step in the university's march toward transforming education in a way that brings smart learning innovation into the sector
- As per the terms of the agreement, both sides will collaborate in several key areas - including content digitisation and self-paced courses, management of HBMSU's journal system
Business
PIF and Hyundai to set up JV vehicle-manufacturing plant in Saudi Arabia
Riyadh, Saudi Arabia--The Public Investment Fund (PIF) and Hyundai Motor Company (Hyundai) have signed a joint-venture agreement to establish an...
- The investment in the joint-venture project is expected to exceed $500 million with PIF to hold 70 percent stake and Hyundai the remaining 30 percent
- The JV project will speed up Saudi Arabia's automotive industry in addition to creating thousands of jobs and allowing for the transfer of knowledge and expertise