Apple’s latest iPad signals the company’s AI-powered future
San Francisco, United States - Apple on Tuesday announced a line of new iPad tablets revamped with a powerful AI chip...
Business
30% productivity leap: Building the machinery of tomorrow
By embracing digital tools, AI, and sustainable practices, companies can optimize production, redefine their role, and propel themselves towards a...
Business
Economy
Qatar Central Bank strategy for FinTech to boost sector
Qatar Central Bank is working on designing a new strategy for financial technology and intends to launch it during the...
- Qatar Central Bank is working on the new strategy for financial technology and intends to launch it at the last quarter of 2022
- QCB is creating the necessary infrastructure to enable banks to approve payments from digital wallets
Business
ADX and nine listed companies to attend investors meet in London
Abu Dhabi Securities Exchange (ADX) and nine ADX-listed companies will meet major institutional investors in London on June 9 and...
- The delegation includes over 25 CEOs, CFOs and senior executives from ADNOC Distribution, ADNOC Drilling, Abu Dhabi Islamic Bank, Agthia and others.
- ADX said it will showcase its progress in its strategy to significantly increase liquidity and market capitalization.
Economy
Asian markets mixed as US jobs data give Fed room to hike rates
Asian markets were mixed Monday following a steep drop on Wall Street in response to a forecast-topping US jobs report...
- Hong Kong, Tokyo, Shanghai and Taipei all rose, but there were losses in Sydney, Singapore, Manila and Jakarta
- US traders took flight after the closely watched non-farm payroll figures Friday, which showed more new posts created than expected
Economy
Commercial marinas to issue yacht sailing permits in KSA
Some commercial marinas in Saudi Arabia would be allowed to issue yacht sailing permits which would help develop cruises in...
- Yacht sailing permits would help in developing and facilitating cruises in the Kingdom’s territorial waters
- The initiative would ensure support for tourism development and enhance employment in the sector
Business
Saudi Arabia, Spain to strengthen partnerships in sustainable tourism
Spain’s experience and expertise in tourism has already helped Saudi Arabia and more Spanish businesses will hopefully join the leading...
- Saudi Ministry of Investment of Saudi Arabia (MISA) on Sunday hosted a Spanish investment forum.
- The forum took place on the sidelines of the 116th session of the United Nations World Tourism Organization in Jeddah.
Business
Financial inclusion enables access to health, education: Study
The study stresses the need for digitally delivered financial inclusion; and for using this as a platform to distribute health...
- A Mastercard study stresses the need for digitally delivered financial inclusion; and for using this as a platform to distribute health and education services to the masses
- Mastercard, the study reveals, has brought 500 million excluded individuals into the digital economy in 2020 and will include 500 million more by 2025
Business
Multiply added to FTSE GEIS
The inclusion will come into effect on June 20
- FTSE GEIS is part of the FTSE Russell, a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide
- It also provides a robust global equity index framework and includes over 16,000 large, mid, small and micro-cap securities across 48 developed and emerging markets globally
Business
Masdar of UAE to develop 4,000 MW of clean energy in Azerbaijan
Masdar has signed an agreement with Azerbaijan to develop clean and renewable energy projects in the country with a combined...
- As per the agreement, 4,000 MW will be generated in the first phase, while the second phase will generate 6,000 MW
- Masdar will develop solar projects with a capacity of 1,000 MW and 1,000 MW of onshore wind
Business
Google loses defamation fight against Australian politician
Australia's federal court ordered Google on Monday to pay more than $500,000 in damages to a politician after finding he...
- While Google, which owns YouTube, had initially defended the case, the search giant eventually abandoned its defences
- Justice Steven Rares found Google liable for the harm caused to Barilaro from December 2020 and ordered it to pay aggravated damages
Business
EDB to take part in Bonds, Loans & Sukuk Middle East
Emirates Development Bank (EDB) will participate in Bonds, Loans & Sukuk Middle East, the region’s largest gathering for the corporate...
- EDB will use the platform to engage with stakeholders in the investment and development community
- The bank is the first federal entity to be issued ratings by S&P and Fitch
Apple’s latest iPad signals the company’s AI-powered future
San Francisco, United States - Apple on Tuesday announced a line of new iPad tablets revamped with a powerful AI chip...
Business
Company News
Dana Gas logs $83m net profit
Business
Latest News
KSA, Kuwait lead as Islamic banking prospers in GCC
With the support of Vision 2030 projects and a surge in real estate lending, the banking sector's performance in the...
Business
Lebanon national carrier halves flights amid fears of Israel war
BEIRUT, LEBANON -  Lebanon's national carrier on Friday said it was cutting more than half of its flights as tensions along...
Business
DCT signs MoU with Microsoft to transform Abu Dhabi tourism
Dubai, UAE -- The Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) and Microsoft have signed an...
Business
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Business
MAWANI and SGP sign $266m contract
They will establish a logistics zone in King Abdulaziz
- The zone will provide major logistics services, unique solutions, integrated services, and environmental systems, including warehouses and yards.
- It will also include a warehouse and re-export area to provide sorting, regional distribution, and value-added operations.
Indian firm halts uniform sales to Israel police over Gaza war
Maryan Apparel in the southern state of Kerala said it had supplied around 100,000 uniforms to Israel's police force for...
- Statement of Maryan Apparel said that a strike on a hospital and the "loss of thousands of innocent lives" in the conflict had prompted the decision
- According to the statement, the Indian firm will fulfil its existing commitments to Israel, which end in December, but will not take new orders
Business
Saudi Arabia, Singapore sign MoU on mutual recognition of halal certificate
Riyadh, Saudi Arabia - The Saudi Food and Drug Authority (SFDA) signed Thursday a memorandum of understanding (MoU) with the...
- The MoU aims to develop procedures for conformity assessment, standard specifications, and technical regulations for issuing these certificates
- It also ensures mutual recognition between the two sides for exported local products as well as the exchange of expertise and knowledge