Manufacturers pack smartphones with AI tools to boost sales
Barcelona, Spain - Smartphone makers are packing their latest devices with flashy new artificial intelligence tools such as real-time voice translation...
Business
Alcoa to buy Alumina in all-stock deal
The US aluminum producer will buy Alumina for US$2.2bn.
Business
Business
ADNOC teams up with Proman to produce methanol in Abu Dhabi
Abu Dhabi National Oil Company (ADNOC) has signed an agreement with Proman, one of the world's leading producers of methanol,...
- The facility will meet growing domestic and international demand for this clean and versatile chemical commodity
- Growth is expected to be driven by emerging economies in Africa and Asia, while methanol production in the UAE will support decreased reliance on imports
Economy
UAE and Latvia launch economic cooperation program in six sectors
The UAE and Latvia have agreed on a six-track economic cooperation program covering trade and investment, innovation and advanced technology,...
- The program covers investment, innovation and advanced technology, transportation and logistics, agriculture, food, education and science.
- An MoU between the Investment and Development Agency of Latvia (LIAA) and the SMEs Development Department at the UAE Ministry of Economy.
Business
Etihad Cargo revenue grows 49 percent
The company recorded 27 percent YOY rise in freight carried.
- In Q1, Etihad Cargo temporarily modified five Boeing 777 aircraft to support cabin-loaded cargo.
- By mid-2021, Etihad Cargo had announced the recovery of more than 90 percent of its network compared to pre-COVID.
Business
Technology makes Saudi farms more sustainable
The Kingdom's startup Red Sea Farms woos regional and global investors with a technology that grows crops without using freshwater...
- The Kingdom's Red Sea Farms woos regional and global investors with a technology that grows crops without using freshwater in humidity-controlled greenhouses
- The firm seeks to break the food water-energy nexus by leveraging saltwater, novel humidity control, and solar energy to lower costs and improve yields for farmers
Business
Arada awards two contracts
The $32.13m contracts are aimed at development in Masaar.
- Work by both contractors is scheduled to be completed by end of April, in time for the opening of the Masaar Experience Center in June.
- Masaar is AED8 billion($2.18b) forested megaproject located in the Suyoh district of Sharjah.
Business
Dubai Derma 2022 registers $540m in business deals, attracts 21,000 visitors
The Dubai World Dermatology and Laser Conference and Exhibition (Dubai Derma 2022) concluded its 21st edition on Wednesday, and registered...
- It focused on various developments related to cosmetic surgery, lasers, cosmetic dermatology and anti-ageing, among others.
- The conference featured 326 scientific lectures, 79 workshops, and more than 90 scientific poster presentations.
Business
TAQA to recommend $600m dividend
The company has already paid $500m in quarterly dividends.
- The dividend payment will be in addition to the final payment of AED1.2 billion ($330 million).
- AED1.9 billion ($500 million) (1.65 fils per share) have already been paid in quarterly dividends.
Business
Turkish drones make waves in Russia-Ukraine war
Kyiv has around 20 Bayraktar TB2 drones, built by the Turkish military. Relatively cheap and effective, President Recep Tayyip Erdogan...
- But while they have proved their worth in several recent conflicts -- from Syria to Libya to Nagorno-Karabakh -- the terrain this time is less favorable, experts say
- The Ukrainian ambassador in Ankara has regularly tweeted images of explosions attributed to the drones, targeting Russian columns and artillery
Business
Emirates opens office in Fujairah
The office is located in Al Ghilaila Building, overlooking the Fujairah corniche.
- Emirates has worked in partnership with dnata Representation Services as its General Sales Agent (GSA) in Fujairah for the past three decades.
- The new retail sales office four customer service counters dedicated to flight reservations, ticketing, and general customer enquiries.
Business
Demand for gas and wheat drives Suez Canal’s business up 15%
The Suez Canal has seen a fifteen percent jump in business as ships carrying wheat and gas have filled the...
- Grain exports will make their way to Northwestern Europe while iron exports will go to Canada and Northwestern Europe
- the Suez Canal will begin applying additional fees, ranging from 5 to 10 percent of the transit fees, for various categories of ships transiting the channel
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Manufacturers pack smartphones with AI tools to boost sales
Barcelona, Spain - Smartphone makers are packing their latest devices with flashy new artificial intelligence tools such as real-time voice translation...
Business
Company News
Latest News
Qatar realty market trading volume $277 million in August
Doha, Qatar -- Qatar real estate market recorded deals worth QR1.011 billion ($277 million) in the month of August 2023,...
Business
Russia’s Sberbank launches new tourism-oriented services in Iran
Tehran, Iran -- Russia’s largest lender, SBERBANK, is presenting a new service that allows its clients to transfer money to...
Business
Iran receives US$6.7bn foreign investment in May 2023 EXPO, says official
TEHRAN, IRAN - Foreign companies and governments committed some US$6.7 billion worth of investments during an exhibition that was held...
Economy
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Business
Tabreed signs MoU with Indian state
Asia's largest district cooling PPP project in Hyderabad part of deal.
- The cooling infrastructure will potentially reduce over 200MW of peak electricity demand.
- The district cooling agreements are part of Telangana’s vision to become net zero by 2047.
Business
RAKEZ, Indian Economic Trade Organization ink MoU to boost business ties
RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) and the Indian Economic Trade Organization (IETO) have signed...
- The collaboration focuses on initiating trade missions and investment forums to help Indian businesses understand what RAKEZ offers.
- The agreement promises customized business services for Indian companies that are tailored to their aspiration of expanding into the MENA region.
Business
UK’s Zencargo ventures into UAE, eyes MENA expansion
Abu Dhabi, UAE - The UAE Ministry of Economy has announced that Zencargo, a UK-based company with expertise in digital...
- The company plans to establish operations in the Emirates with a view to integrating into the UAE’s technology, trade and logistics ecosystem
- Zencargo’s presence in the UAE follows the UAE’s Trade Tech initiative, which was launched in partnership with the World Economic Forum