35 Jordanian companies to participate in Gulfood 2024 in Dubai
AMMAN, JORDAN – A total of 35 Jordanian companies are taking part in Gulfood 2024, the world's largest annual food...
Business
Business
Red Sea signs $19.49m deal
It is a seven-year extension contract with Schlumberger.
- As part of the deal, RSI is expected to provide facility management services for its specialized modular camps
- This will reportedly support Schlumberger's oil drilling operations in the Eastern region of the country
Business
Iraqi Airways receives its first A220-300 aircraft
A220-300 features a modern and highly comfortable dual-class cabin that seats 132 passengers; 12 in business class and 120 in...
- A220-300 features a modern and highly comfortable dual-class cabin that seats 132 passengers; 12 in business class and 120 in economy class
- As of the end of November 2021, over 180 A220s had been delivered to 13 operators, from Asia, North America, Europe, Africa and the Middle East
Business
Saudi index varies while UAE stock market starts low
A new year saw quite some ups and downs in the top stock markets in the region, even as the...
- TASI dropped by 0.2 percent at the end of 2022 first week, as the Saudi National Bank and Aramco shares fell 1.3 and 0.8 percent, respectively
- It was a week of losses for the Abu Dhabi index, which ended with a 0.2 percent drop on Friday, as First Abu Dhabi Bank shares fell 1.1 percent
Science
CES show highlights: Robo-dogs, self-sailing boat, brain tech
The CES tech show in Las Vegas closed its 2022 edition on Friday, after pushing ahead with a significantly downsized...
- French startup Wisear is working on technology that detects the signals that zip between the brain and certain muscles, in order to use them to operate connected devices
- The Boston Dynamics robot dogs -- the ones compared to the killer four-legged bot in a dystopian "Black Mirror" episode -- are back and this time they are going to the metaverse
Business
Tesla raises full self driving software price to $12,000 in US
Earlier in 2020, Tesla had raised the Full Self-Driving (FSD) price to $10,000 from $8,000.
- Earlier in 2020, Tesla had raised the Full Self-Driving (FSD) price to $10,000 from $8,000
- Tesla has been updating its FSD software, which provides driving-assistance features such as automatically changing lanes and making turns
Business
Tik Tok likely to help regional businesses this year
Powered by a highly personalized content recommendation system TikTok can help brands connect with a qualified, engaged audience, the Talkwalker...
- Powered by a highly personalized content recommendation system TikTok can help brands connect with a qualified, engaged audience, the Talkwalker and Hubspot research says.
- In 2022, posting and sharing videos will be fundamental for any marketing campaign that wants to succeed, the research adds
As health concerns rise around the world, car gadgets proliferate
The Italian startup Filo launched a Bluetooth-based alarm system for children's car seats to prevent kids from being left in...
- The auto industry is on the hunt for new gadgets and accessories to make the car cockpit feel safer
- Air purifiers, car seat alarms, and intelligent sun visors were displayed at this year's Consumer Electronics Show
Business
UAE tops list of safest travel destinations in 2022
After the progress and setbacks to travel and tourism in 2021, enthusiasts are looking to make the best of 2022.
- Travelers will seek for destinations that prioritize safety again in 2022
- The UAE is only a few countries to receive first-class travel advisories
Business
Dubai Integrated Economic Zones Authority appoints new leadership team
Dubai Integrated Economic Zones (DIEZ) Authority has appointed a new leadership team to drive its free zones and central divisions....
- Amna Lootah was appointed as a Director General DAFZ to lead and implement strategic plans according to the approved structure.
- Dr. Juma Al Matrooshi was appointed as Director-General of Dubai Silicon Oasis (DSO) to supervise the implementation of its strategy according to the new organizational structure.
Business
Gulf Navigation of Dubai to raise $40m via bonds
Gulf Navigation Holding of Dubai intends to raise $40.8 million through convertible bonds, in order to restructure existing sukuks and...
- According to a company disclosure on Friday the issuance of mandatory convertible bonds will begin on March 9, 2022
- The plan to issue bonds will be taken up during the company’s general assembly meeting on Monday, January 31, 2022
Most Read
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
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$61bn Broadcom-VMware merger cleared
The merger is expected to be completed by the end of Oct.
Business
Soniqs wins PUBG Global Series 2 Crown
It claimed $600,000 prize at Gamers8 - The Land of Heroes.
Business
Dubai International Chamber event explores trade ties China’s Wuxi
Dubai, UAE - Dubai International Chamber hosted a B2B event during the Wuxi – Dubai Economic & Trade Exchange Conference...
Business
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Business
Bahrain Central Bank’s $185 million treasury bills oversubscribed
Manama, Bahrain – This week’s BD 70 million ($185 million) issue of Bahrain Government Treasury Bills has been oversubscribed by...
- The bills, carrying a maturity of 91 days, are issued by the Central Bank of Bahrain, on behalf of the Bahrain government .
- The approximate average price for the issue was 98.395 percent with the lowest accepted price being 98.261 percent.
Business
Generative AI likely to supplement than destroy jobs: ILO
Geneva, Switzerland -- Generative Artificial Intelligence (AI) is more likely to augment than destroy jobs by automating some tasks rather...
- An International Labour Organization (ILO) study has found most jobs and industries are only partly exposed to automation and are more likely to be complemented by Generative AI.
- It suggests this new wave of technological transformation could offer important benefits for developing countries.
Market Report
European stocks rise, China rate cut fails to ease worries
European stocks rebounded but Asian markets ended mixed after a Chinese rate cut failed to reassure investors. At midday, Paris...
- There are concerns that the US Federal Reserve could raise interest rates further and keep them elevated for longer.
- Focus turns this week to a symposium of top central bankers and business leaders at Jackson Hole, Wyoming, with dealers hoping for guidance on rates.