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Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.
  • Sono Motors, German start-up, to roll out solar car next year

    The Sion, a five-person family car covered completely in solar panels, should enter into serial production in the second half...

    The car, which boasts a battery range of 305 kilometers, is aimed at families as well as car sharing services

    The large black Sion hatchbacks are covered with 456 solar cells which allow it to generate on average enough electricity over a week to power the car 112 kilometers

  • Saudi Crown Prince unveils designs for futuristic city The Line

    Crown Prince Mohammed bin Salman bin Abdulaziz, and Chairman of the NEOM Board of Directors, Monday announced the designs of...

    THE LINE is a civilizational revolution that puts humans first, providing an unprecedented urban living experience while preserving the surrounding nature

    The designs of THE LINE embody how urban communities will be in the future in an environment free from roads, cars and emissions

  • Testing of Barakah Nuclear Plant’s last unit successful

    The Emirates Nuclear Energy Corporation has successfully completed the Hot Functional Testing on Unit Four, the last of its four...

    Emirates Nuclear Energy Corporation successfully completes Hot Functional Testing on the last of its four units of Barakah Nuclear Energy Plant

    Results demonstrate that all systems perform in accordance with the highest quality and safety standards under normal operating conditions

  • Saudi Arabia signs Artemis Accords for space exploration

    Saudi Arabia announced joining Artemis Accords, affirming its commitment to sustainable space exploration guided by a common set of principles...

    Saudi Arabia is the 21st country and the fourth Middle Eastern nation to join the Accords

    Artemis relies on an international coalition to achieve a historic vision for space exploration

  • Webb Telescope’s images contain new insights

    The James Webb Space Telescope's first images aren't just breathtaking they contain a wealth of scientific insights and clues that...

    Webb captured the signature of water, along with previously undetected evidence of clouds, haze and regions of star formation

    Astronomers will use Webb to delve deeper into specifics about "planetary nebulae" like these, which spew out clouds of gas and dust

  • James Webb Space Telescope opens its eyes on the universe

    Distant galaxies, bright nebulae, and a faraway giant gas planet are among the observatory's first targets.

    Distant galaxies, bright nebulae, and a faraway giant gas planet are among the observatory's first targets

    NASA chief Bill Nelson has promised the "deepest image of our Universe that has ever been taken."

  • AI set to play key role in fight against climate change

    Most of the public and private sector leaders believe that Artificial Intelligence is a valuable asset in fight against climate...

    Most of the public and private sector leaders believe that Artificial Intelligence is valuable asset in fight against climate change but insufficient expertize remains a challenge

    A latest Boston Consulting Group report cited the limited availability of AI solutions as a roadblock. It also pointed to lack of confidence in AI-related data

  • Horseshoe crab vital for vaccine safety

    Their bright blue blood has been essential for testing the safety of biomedical products since the 1970s, when it replaced...

    Around 10 percent of the population is lost each year  as their exposed undersides bake in the Sun.

    Every year around 500,000 horseshoe crabs are harvested and bled for a chemical called Limulus Amebocyte Lysate, vital for testing against a type of bacteria.

  • Metaverse can contribute $4bn to UAE economy

    The Dubai Metaverse Strategy anticipates that 42,000 jobs will be virtualized through the metaverse by 2030 while also improving resident...

    The Dubai Metaverse Strategy, which was recently announced, aims to raise the metaverse sector's contribution to the UAE's economy to $4b by 2030

    Dubai companies like Emirates, Damac and others are already betting big on this world, and many more are expected to join the pack

  • Saudi-Italian space agencies ink pact on cooperation

    The Saudi Space Commission and the Italian Space Agency sign a memorandum of understanding for enhancing cooperation in the field...

    Saudi Space Commission, Italian Space Agency sign an MoU to enhance cooperation in space-related activities for peaceful purpose

    Federation of Saudi Chambers and General Confederation of Italian Industry ink an MoU to establish a joint Italian-Saudi business council

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