Xiaomi announces release date for EV
It will be its first foray into the electric vehicle sector.
Business
Business
Mining third pillar of Saudi economy, ripe with opportunities: PIF governor
The mining sector is the third pillar of Saudi Arabia's economy and the kingdom has enormous natural resources and offers...
- PIF considers mining one of the main strategic sectors to realize the Saudi Vision 2030 goals, says Yasir bin Othman Al Rumayyan.
- Saudi Arabian Mining Company (Ma'aden) has doubled its revenues to become a world-class operator, he said.
Business
Abu Dhabi University earns 5 star rating for online learning
Abu Dhabi University (ADU) has earned the highest rating of 5 stars by Quacquarelli Symonds - QS Stars Rating for...
- The ADU has achieved an overall score of 95 percent in the Online Learning category
- The university integrated modern technologies into its curricula, including virtual reality (VR), augmented reality (AR) and 3D technology
Business
UAE Ministry of Economy receives 2,428 patent applications in 2021
The UAE's Ministry of Economy has received 2,428 patent applications in 2021, an increase of 26.7 percent from 2020 when...
- There was an increase of 26.7 percent from 2020 when 1,917 applications were received.
- Machinery and construction (23 percent) and chemical engineering (24 percent) accounted for bulk of the applications.
Business
Facebook antitrust suit
James Boasberg's ruling is a blow to Facebook.
- The US Federal Trade Commission has alleged the social media giant, which has renamed itself Meta, holds an illegal monopoly
- The judge rejected Facebook's argument that the case should be dismissed because the commission's decision to amend and refile was fueled by bias
Business
Zoho inks Dubai deal
The agreement will help Dubai’s creative entrepreneurs.
- The agreement aims to support the emirate's creative entrepreneurs through their digital transformation journey
- It will also look to enhance the efficiency of their businesses, and simplify daily operations
Business
Fact-checkers urge YouTube to fight disinformation
More than 80 fact-checking organisations Wednesday urged online video platform YouTube to better combat disinformation, offering to help debunk false...
- Videos containing false information had gone "under the radar of YouTube's policies, especially in non-English speaking countries", they said in an open letter to YouTube
- YouTube spokesperson Elena Hernandez said that fact checking was a "crucial tool", but just "one piece of a much larger puzzle to address the spread of misinformation"
Interview
Self-mobility a ‘promising business’: Ekar founder
Car ownership could become a hobby only for wealthy people in future, says Ekar founder Vilhelm Hedberg.
- Ekar’s founder believes car ownership could become a hobby only for wealthy people in the upcoming years
- Ekar is looking into an addressable market of 138 million people in the MENAT region
Business
300 stakeholders take part in Dubai Shenzen Day and Products Show
Over 300 public and private sector stakeholders from China and the UAE took part in the first Shenzhen Day Launch...
- Over 70 Shenzhen-based companies specializing in life and health, consumer electronics and intelligent security, that put more than 350 high-tech products on display.
- A total of 120 bilateral business meetings were held during the event as part of the Dubai Chambers representative office in Shenzhen’s efforts to facilitate exchange.
Business
Tadweer of Abu Dhabi to hold ‘EcoWASTE’ exhibition
The exhibition and forum cover various fields, including recycling and waste management and treatment in the MENA region.
- It will begin from17th January to 19th January 2022 in Abu Dhabi at National Exhibition Center (ADNEC) as part of the Abu Dhabi Sustainability Week
- The forum would also work as an integrated platform for developing and formulating practical and sustainable waste management practices
Business
Air Arabia named the most punctual airline by Moscow Airport in 2021
Air Arabia has been named as the most punctual airline in 2021 at Moscow Domodedovo Airport in the category of...
- The Moscow Domodedovo Airport is the largest in Russia with the punctuality competition being held on an annual basis among its partner airlines.
- The Airport evaluated the performance of numerous worldwide partner airlines, based on punctuality - calculated based on flight frequency.
Company News
solutions signs $118m contract
Business
Latest News
DEWA presses into service seven 132 KV transmission substations in H1
Dubai, UAE--Dubai Electricity and Water Authority (DEWA) has pressed into service seven new 132 transmission substations in the first half...
Business
Gulf banking sector flourishes amidst rising rates
GCC banks experienced robust lending growth during Q2-2023, despite multi-decade high rates from US hikes, with loans from GCC-listed banks...
Analysis
China’s Country Garden wins vote on debt to avoid default, says media
BEIJING, CHINA - Chinese developer Country Garden has won approval from creditors to extend a deadline for a key bond repayment,...
Business
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Business
Iraqi Trade Center to be launched at ACC’s headquarters in Jordan
AMMAN, JORDAN - Amman Chamber of Commerce (ACC) and the Iraqi Embassy here agreed to open Iraqi Trade Center at...
- The center's inauguration will allow Jordanian and foreign businesspeople to view investment opportunities offered by the Iraqi government.
- The center will provide Jordanian companies with the opportunity to learn about Iraqi industries and agricultural products.
Business
Leather, knitwear industries contribute 2.4% to GDP, says JCI
AMMAN, JORDAN - Representative of the leather industries and knitting sector at Jordan Chamber of Industry (JCI), Ehab Qadri, said...
- The sector's exports achieved a "remarkable" growth during the past year by nearly 21 percent, reaching $2.3 billion, compared to 2021.
- The sector, as per data from Social Security Corporation, employs around 76, 000 workers, constituting 27 percent of the total workforce.
Business
DFM registers 34,800 new accounts in 8 months
Dubai, UAE - Brokerage firms in the Dubai Financial Market (DFM) witnessed a substantial influx of New Investor Numbers (NIN),...
- The number of newly registered investor accounts exceeded 51 percent during the first eight months of the year
- 29 brokerage firms listed on the DFM conducted over 2.57 million deals on 80 billion shares worth $37.1 billion