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TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.
  • GCC in hot pursuit of 2050 emission goals

    The GCC nations are looking at the $500-billion market for Green Hydrogen by 2050, but will it be enough?

    IRENA says GCC countries need to invest up to $148 billion each year until 2050 to meet the goals of the Paris agreement

    DNV expects clean-energy expenditure to increase by around 70 percent between 2019 and 2030 to $1.9tn

  • Saudi institute invests $500,000 to research farming in space

    The equity investment was reportedly a part of Interstellar Lab's latest $3-million seed round.

    The non-profit FII Institute has made the investment in the French firm Interstellar Lab

    The Paris-based firm designs closed-loop bio domes for sustaining life on Earth, the moon, and Mars

  • AstraZeneca: Nerve disorder a rare side effect

    The European Medicines Agency has listed the neurological disorder Guillain-Barre syndrome, which can cause temporary paralysis, as a "very rare"...

    Guillain-Barre Syndrome was a "very rare" side effect, occurring in under one in 10,000 people

    The disorder is a nerve inflammation that may cause temporary paralysis and difficulty breathing

  • Aramco to partner with Aveva for sustainability

    Aramco, with this partnership, will focus on driving sustainability in the region through digital transformation.

    The partnership will help Aveva establish its largest digital hub, with R&D capability, in the Middle East

    It will also enrich Saudi Arabia’s knowledge economy by incorporating research from prominent universities across the kingdom

  • Boursa Kuwait launches ESG reporting guide

    Through it, the bourse aims to drive the embrace of Corporate Sustainability in the Kuwaiti capital market.

    The guide will introduce the ESG universe to companies listed on the stock exchange

    It will also highlight the benefits of ESG disclosure and best practices

  • UAE, Brazil discuss cooperation in space field

    UAE’s Ambassador to Brazil, Saleh Ahmed Al Suwaidi, discussed the ties with Brazilian space agency AEB’s President Carlos Moura. He...

    The two countries discussed various possible areas for cooperation in the space sector

    Brazil also thanked the UAE for its inclusion of space-science topics in Expo 2020 Dubai

  • Success rocks: NASA’s US$2.75bn Perseverance ‘pays’

    The rover succeeds in its second attempt to scoop up a piece of Martian rock for future analysis by scientists...

    The rover succeeds in its second attempt to scoop up a piece of Martian rock for future analysis by scientists on Earth

    Perseverance, NASA's latest Mars rover, had landed on the planet's Jezero crater in February

  • Global cost of dementia to cross $1.7trn by 2030

    The disease, which robs people of their "memories, independence and dignity", is on the rise worldwide but few countries are...

    Figure is set to rise to 78 million by 2030 and 139 million by 2050 as the population grows older

    Yet only a quarter of countries worldwide have a national strategy for supporting people with dementia and their families

  • Depleting seagrass: Experts sound alarm

    Named posidonia oceanica -- or "Neptune grass" -- for the Greek god of the seas, the plant covers at least...

    Named posidonia oceanica -- or "Neptune grass" -- for the Greek god of the seas, the plant covers at least one million hectares of the Mediterranean seabed

    Neptune grass meadows have long fallen prey to boating activity, with official figures estimating some 7,500 hectares in damage along the French coastline alone

  • Yemen receives first shipment of J&J Covid vaccine

    Yemen is desperately short of Covid vaccines to inoculate its population, with as little as one percent of its population...

    This shipment is the first batch of a total of 504,000 doses

    Roughly one percent of the population is vaccinated

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