Energy transition led Saudi Arabia to halt oil expansion, says official
RIYADH, SAUDI ARABIA – The Kingdom's surprise decision to halt a planned expansion of its oil production capacity reflects ambitions to...
Business
WEF24: AI-generated drugs promise cost reduction
AI is playing a critical role across the biomedical spectrum, from accelerating drug discovery to improving care delivery systems, says...
Business
Business
Meta launches MENA campaign against child abuse
In the eye of the storm of allegations that it did not act against child abuse, Meta said the campaign...
- Facebook and Instagram’s parent Meta has launched the “Report it, Don’t Share it” campaign in the MENA region
- In the eye of the storm of allegations that it did not act against child abuse and exploitation, Meta said the campaign will prevent exactly those things
Interview
E-commerce leads change in Mideast retail, fashion
"During the pandemic, e-commerce grew in popularity since it was the most viable — or only — choice at the...
- The emphasis on value fashion is a structural shift that is part of the new normal
- Building a hyper-convenient service ecosystem can significantly increase reach and profitability
Business
Companies in UAE should invest in technology to stay ahead of digital curve: Microsoft Hololens chief
With the current global circumstances accelerating the need for immersive tools such as augmented reality and virtual reality, businesses across...
- Pace said that collaboration and investment were key to empowering businesses
- She works with a team in San Francisco, US, to address technical challenges to push the barriers and unlock solution
Business
Turkey turns to OECD agreement instead of digital tax
The US Treasury has said in a statement that the deal with Turkey "represents a pragmatic solution.”
- Turkey had levied 7.5 percent tax on foreign tech firms that generate at least $1.7 million per year in revenue in the country
- In response, the US had imposed, but did not collect, tariffs on Turkey, which it will do away with now
Business
UAE’s largest non-oil industrial company joins in-country value program
Emirates Global Aluminum (EGA), the largest industrial company in the UAE outside of oil and gas, has joined the in-country...
- Emirates Global Aluminum targets doubling its economic impact by 2040.
- ICV program is aimed at improving participation of the private sector and facilitating the diversification of GDP.
Business
Maaden of KSA sets up a fertilizer terminal in Africa
Saudi Arabian Mining Co., has established a fertilizer terminal in the African state of Malawi through its subsidiary, the Meridian...
- The state-of-the-art terminal has an annual bagging capacity of 10 million, and a total production capacity of 360,000 MT per year
- The terminal will make available a steady supply of fertilizer to over five million small-hold farmers in Malawi and Zambia
Business
600,000 fish fingerlings delivered to UAE aquaculture companies
A total of 600,000 fish fingerlings have been delivered to several aquaculture companies in the UAE, including Emirates National Fish...
- Sheikh Khalifa Marine Research Centre, which underwent a renovation, delivered the fingerlings.
- The Centre’s hatchery has the capacity to produce 30m fingerlings per year, said Mariam bint Mohammed Almheiri, Minister of Climate Change.
Business
Nuqtah of Saudi Arabia closes pre-seed funding run
Nuqtah, Saudi Arabia’s first non-fungible token marketplace, has closed its pre-seed funding run, but it has not revealed how much...
- The company which was founded this year enables artists to register and trace their work, and serves as a global platform for buyers
- The global NFT market value has seen substantial growth in the past 12 months, rising to $2 billion in the first quarter of 2021
Business
DAFZA and Export Bahrain to collaborate for business
Dubai Airport Freezone Authority (DAFZA) has signed a strategic cooperation agreement with Export Bahrain, establishing frameworks for technical collaboration.
- The agreement grants Export Bahrain access to the global companies that set up headquarters in Dubai Airport Freezone
- In addition, the two sides will cooperate to organize activities, workshops, seminars, and conferences to support establishing relations between companies
Infographics
Mena students in US are a changing demographic
The factors that draw students to the US include the learning environment, a global perspective, and better employment prospects.
- Students from the Middle East and North Africa region going to the United States for education at various levels for years now
- However, their numbers have changed over time, due to various reasons and at different times
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
Energy transition led Saudi Arabia to halt oil expansion, says official
RIYADH, SAUDI ARABIA – The Kingdom's surprise decision to halt a planned expansion of its oil production capacity reflects ambitions to...
Business
Company News
Latest News
Gulf Air, Emirates sign deal
Business
Disney streaming service sees subscribers fall again
Disney+ finished the quarter with 146.1 million subscribers, compared with just shy of 158 million in the first three months...
Most Read
Opinion
Generative AI brings challenges and opportunities
"New technologies like generative AI bring both opportunities and risks. A holistic AI strategy ensures privacy, security, and compliance, considering...
- The rise of ChatGPT has ignited immense interest in generative AI, with numerous businesses integrating it enterprise-wide
- AI technology is proliferating at an unprecedented pace, surpassing any other technology, writes Gail Coury, SVP and CISO, at F5
Business
Dubai Municipality parks attract more than 15m visitors in H1
Dubai, UAE-- More than 15 million people visited Dubai Municipality public parks, neighborhood parks, lakes, and recreational facilities for the...
- The record-breaking trend marks a 50 percent increase in the same period of 2022, which recorded approximately 10 million visitors
- The spike in the number of visitors to the parks and other recreational facilities is made possible by their location and ease of access
Business
Black Cobra signs MoU with NFFSP to make military footwear in MENA region
Abu Dhabi, UAE--Black Cobra Military Supplies (BCMS) and the National Factory for Safety and Security Products (NFFSP) have signed a...
- Aided by the Emirates Defence Companies Council (EDCC), the MoU looks to offer a sustainable platform that supports the strategic goals of the two companies
- NFFSP's CEO said the agreement will enable the two companies to produce modern, high-quality items "that fulfill the needs of the region's military and security forces"