The banking sector across the GCC has demonstrated formidable growth and profitability, with Qatar leading in several key performance indicators, say KPMG, Fitch reports.
Microsoft, AI to set up data-center project
It will cost US$100bn and will include an AI supercomputer.
Dubai RTA awards US$95m contract to upgrade ticketing system
DUBAI, UAE - Dubai’s Roads and Transport Authority (RTA) has awarded a contract to upgrade the existing nol (card-based ticketing system) to a sophisticated, central wallet technology (account-based ticketing system), aligning with the top global practices. This project, which requires an investment of US$95 million (AED350 million), is one of...
DP World gets rating upgrade
The boost is seen as key for its long-term growth plans.
Sharjah Taxi gets makeover
It will run under the motto,“we move people with ease”.
IATA expects airline losses in 2022 to slide down to US$9.7bn
Geneva, Switzerland— The International Air Transport Association (IATA) has upgraded its outlook for the airline industry’s 2022 financial performance as the pace of recovery from the COVID-19 crisis quickens. It expects Industry losses to reduce to -$9.7 billion (improved from the October 2021 forecast for an $11.6 billion loss) for...Abu Dhabi’s Al Bateen Executive Airport reopens after upgrade
Al Bateen Executive Airport has reopened following the successful completion of a major refurbishment project which will allow the airport to cater to increased operational requirement while meeting the highest levels of safety, compliance and accreditation.S&P upgrades Ukraine’s credit score of foreign debt
S&P Global Ratings said that boosting the country's credit score of foreign debt to CCC+ "reflects strong committed international financial support to Ukraine."
Ajman DoF adopts Oracle cloud-based management system
Ajman's Department of Finance (DoF) has teamed up with Oracle to adopt a cloud-based resource management system that enables more efficient finance, supply chain and HR functions.Emirates Health Services to upgrade executive regulations
The Emirates Health Services (EHS) is looking to upgrade executive and financial regulations and ways to develop the capabilities of health cadres and proactive and integrated health services.
Windows 11 rollout from October 5
Microsoft said the first rollout would upgrade Windows 10 PCs.
Iran to upgrade homemade Bavar 373 missile system
Iran unveiled the indigenously-designed surface-to-air Bavar 373 missile defense system in August 2019.
