Xiaomi announces release date for EV
It will be its first foray into the electric vehicle sector.
Business
Abu Dhabi launches technology investment company MGX
ABU DHABI, UAE – The Artificial Intelligence and Advanced Technology Council (AIATC) announced on Monday the creation of MGX, a...
Business
Expo 2020 DUBAI
DEWA’s pavilion at Dubai Expo lures visitors in droves
Some 338,833 people visited the pavilion of Dubai Electricity and Water Authority (DEWA) at Expo 2020 Dubai between 1 October...
- Several local and international officials from public and private organizations as well as a large number of school and university students visited DEWA’s pavilion
- On the 2nd of December 2021, DEWA’s pavilion attracted over 23,400 visitors as it organized various activities to celebrate the UAE’s 50th National Day
Business
Dubai records first working Friday sale worth $689m
The total value of real estate transactions recorded in the first week of the new year exceeded AED7.24 billion (around...
- Dubai real estate transactions exceeded around AED2.53 billion (around $688 billion) as it adopted a new working week
- Jebel Ali First registered the most villa and apartment sales transactions on the first working Friday of 2022
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
Xiaomi announces release date for EV
It will be its first foray into the electric vehicle sector.
Business
Company News
Latest News
Saudi first quarter travel balance of payments surplus $6 billion
Riyadh, Saudi Arabia -- Saudi Arabia achieved a surplus of SAR 22.8 billion ($6.07 billion) in the balance of payments...
Business
UAE, New Zealand discuss economic cooperation, free trade pact
DUBAI, UAE – Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade discussed deeper economic collaboration,...
Geostrategy
SABIC-Sinopec China plant opens
The plant is located in their jointly owned petrochemical firm.
Business
Most Read
China, US lift wind turbine sales: study
The study credited President Joe Biden's Inflation Reduction Act in the United States, which is designed to underpin a vast energy...
- Between January and June turbine orders for capacity reached 69.5 gigawatts, a 12 percent rise over in the first six months of 2022, according to research firm Wood Mackenzie
- Total first half volume by value came in at $40.5 billion with a 47 percent rise in Chinese demand one of the key factors behind the push, the report said
Business
ADNEC Group launches charter flights to Europe, Central Asia to draw tourists to Abu Dhabi
Abu Dhabi, UAE - ADNEC Group, through its tourism arm Tourism 365, has launched new charter flight services in the...
- The new service, available from Europe and central Asia, is poised to increase visitor arrivals to the UAE
- The travel sector is expected to represent nearly 10 percent of the UAE's total economy by 2023
Business
GCC facility management eyes 10% growth until 2030
Smart FM solution providers such as CBRE optimize FM workflows with virtual maintenance, automated maintenance, and dynamic services, focusing on...
- Smart FM solution providers such as CBRE optimize FM workflows with virtual maintenance, automated maintenance, and dynamic services
- Energy conservation and operational efficiency remain key focus as .UAE FM market is set to grow from $7.14bn in 2023 to $9.87bn by 2028