OpenAI partners with Le Monde and Prisa Media
Prisa Media chief executive Carlos Nunez called the OpenAI alliance a "step toward the future of news" where technology and...
Business
Google appeals EU fine
It was fined €2.4-billion for abusing its search engine dominance.
- The case centers on Google's shopping service and is one of three against the search engine giant currently in the EU's appeals system
- The fine had come after seven years of investigation over complaints from other price-comparison services against Google Shopping
Analysis
Online learning booms in GCC during pandemic
"While online learning is a supplement to a broader educational experience, course enrollment statistics strongly imply that it is a...
- Online education is a valuable addition to a greater educational experience for many, especially busy professionals
- The number of educational providers will expand, as will student adoption of more flexible options
Science
Sharjah University, AUS to launch research for sustainable energy solutions
The Sharjah Research, Technology, and Innovation Park (SRTI Park) revealed an ambitious plan to be executed in cooperation with the...
- A proposed solution is to convert the generated hydrogen into fuels and chemicals for easier transportation.
- AUS scientists are researching the production and use of various hydrogen-carrying molecules in industry.
Business
Saudi Arabia’s real estate Price Index increased by 0.9 percent in Q4 2021
The General Authority for Statistics (GASTAT) released today through its official website a report on Real Estate Price Index in...
- Residential land prices were responsible for the rise in real estate prices in Q4 of 2020.
- The Real Estate Price Index is a statistical tool for measuring the relative change in real estate prices in the kingdom.
Business
Dubai Crown Prince forms committee to oversee Hatta development
Dubai Crown Prince and Chairman of The Executive Council of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has...
- The Committee is tasked with attracting investments in Hatta by creating investment opportunities for the public and private sectors.
- The Committee will also be responsible for approving Hatta’s promotional and marketing plan locally and internationally.
Business
Sharjah Chamber and European Women Association to foster trade ties
The agreement also provides the exchange of commercial data and statistics
- An MoU signed by the two sides will encourage the exchange of trade delegations and discussions in the fields of export and economy.
- The MoU was signed by Abdullah Sultan Al Owais, Chairman of the SCCI, and Yulia Stark, President of the European Women's Association.
Business
Masdar, Mitrabara announce JV
The venture targets commercial and industrial segment.
- The venture will help Masdar expand its presence in Indonesia and support the nation’s clean energy and climate objectives.
- Masdar entered the Indonesian market in 2020, forming a joint venture with PT PJBI, a subsidiary of Indonesia’s state electricity company.
Business
Emirates to resume US flights after ‘temporary’ 5G reprieve
Emirates said Thursday it will lift a suspension of flights to several US destinations in a "temporary reprieve" after the...
- Flights to six destinations will resume Friday, and on Saturday services to Boston, Houston and San Francisco will return to Boeing 777 planes.
- The airline announced flight suspensions on Tuesday over concerns that the 5G mobile networks launched by AT&T and Verizon could interfere with altimeters, which measure altitude.
Business
Israel buying 3 military submarines from Germany
The deal includes the purchase of three Dakar submarines, the first of which will be delivered to the Israeli navy...
- Negotiations on the deal were delayed and complicated by a suspected corruption affair involving Israel's last purchase of German submarines
- An alleged massive bribing scheme in Israel's 2012 deal to buy Thyssenkrupp submarines implicated several big fish in the country’s power structure
Business
UAE restructures Securities and Commodities Authority
The Cabinet has approved a decision to restructure the Board of Directors of the Securities and Commodities Authority, under the...
- The decision will help the Authority in promoting the performance of the financial markets in the country.
- The revamped Board will consolidate the UAE’s stature and its global leadership in this field, the authority says
OpenAI partners with Le Monde and Prisa Media
Prisa Media chief executive Carlos Nunez called the OpenAI alliance a "step toward the future of news" where technology and...
Company News
Siemens to expand business
Business
Latest News
Tawuniya Q1 2023 net profit $20m
Business
Finland firm to slash 1,150 jobs
Business
Tecom secures $2.06bn loan
Business
Tech titans prepare for EU’s tougher market restraints
Brussels is working through a dense legislative agenda to build tougher regulation of big tech, arguing it needs to protect...
Business
Israel suspension of Gaza exports risks ‘catastrophe’: businesses
Osama Nofal, of the Gaza economic ministry, put the value of Gaza exports to Israel and the occupied West Bank...
Economy
stc buys stake in Telefónica
The group invests in information, communications and technology sectors.
Business
Most Read
Business
Iran’s IKCO to buy electric vehicles from Chinese firm Dongfeng
Tehran, Iran - The CEO of Iran’s largest car manufacturing company, IKCO (Iran Khodro Industrial Group), said that his company...
- IKCO’s CEO Alimardan Azimi said on Monday that EV imports by the company will amount to 6,000 units by March 2024.
- The announcement comes days after the unveiling of more than a dozen EV charging stations in the Iranian capital Tehran.
Business
L’Occitane shares nosedive
Shares dropped 29% after talks on taking the firm private called off.
- The firm, headquartered in Luxembourg and Geneva, said last month it was considering a possible take-private deal with an offer price of no less than HK$26 ($3.30) per share.
- The group's portfolio includes L'Occitane en Provence, French beauty brand Melvita, Korean skincare line Erborian, and Elemis, a British care product brand
Business
UAE looks to deepening trade relations with ASEAN bloc
Thani bin Ahmed Al Zeyoudi, UAE’s Minister of State for Foreign Trade, led the UAE delegation to Jakarta, Indonesia, the...
- Thani bin Ahmed Al Zeyoudi, UAE’s Minister of State for Foreign Trade, led the UAE delegation to Jakarta, Indonesia, the host of ASEAN Business and Investment Summit.
- UAE and Indonesia agreed to work in unison to ensure they deliver on the projection of US$10 billion in bilateral non-oil trade within five years.