According to H.H. Sheikh Mansour bin Zayed Al Nahyan’s vision, the Central Bank of the UAE (CBUAE) today launched its Financial Infrastructure Transformation Programme (FIT programme) to speed up the digital transformation in the financial services sector as part of a larger strategy aimed at enabling the CBUAE to be among the top central banks […]
Dubai is a popular holiday destination for many and is the world’s most famous tourism hub, with a variety of hotels and holiday homes to choose from, Holiday homes are a growing trend that is quickly rising. Have you ever stayed in one before? A holiday home is as good as they say it is […]
Dubai’s DEWA reported a record-breaking year and an annual profit of $3.2 billion (AED11.1 billion) for 2022. DEWA announced its preliminary and unaudited consolidated financial figures for the full year 2022, reporting AED 6.7 billion in sales and AED 1.5 billion in net profit for the quarter. DEWA’s consolidated revenue for the entire year was […]
Aftermarket participants voiced concerns over the eligibility of the Indian conglomerate’s companies for certain of its indexes, index provider MSCI announced on Thursday that it had decided that some Adani stocks should no longer be labelled as free float. It stated that as part of its routine assessment for February, changes for Adani securities linked […]
Leap23 announced more than $9 billion in investments to support emerging technologies, digital entrepreneurship, tech startups, and strengthen Saudi Arabia’s position as the largest digital market in the Middle East and North Africa on Monday to kick off a four-day event in Riyadh (MENA). At the event, which is being held at the Riyadh Front […]
The newest advancements in artificial intelligence have been included into a new edition of Microsoft’s Bing search engine. The update uses OpenAI’s ChatGPT technology, which has been sweeping the globe since its release a year ago. The action ushers in an AI arms race between the two businesses and represent by far the largest challenge […]
The top companies in the world’s trailblazing industries came together for the 4th Annual Business Tabloid Awards on January 19, 2023, at Atlantis The Palm in Dubai, United Arab Emirates. The Annual Business Tabloid Awards recognizes excellence in various industries, including Banking, Finance, Insurance, Real Estate, Technology, Healthcare, Leadership and Logistics & Transportation. A panel […]
The new upheaval has corporations considering relocating some of their chipmaking capacity to neighbouring Vietnam and India due to U.S. restrictions on chip exports to China. However, experts told CNBC that it is unlikely that the global competition for chipmaking dominance will be disturbed by the Biden administration’s limits on China’s semiconductor exports. Recent inquiries […]
The world’s first hydrogen-powered aircraft engine has been successfully operated by Britain’s Rolls-Royce, demonstrating that the gas could be essential to decarbonizing aviation. The ground test utilised green hydrogen produced by wind and tidal power and employed a modified Rolls-Royce AE 2100-A regional aviation engine, the British business announced on Monday. Rolls is working to […]
As the FIFA World Cup approaches, many football fans will look for lodging in nearby cities. Because of the enormous volume already generated in Qatar, there are fewer hotel options with higher prices, making Dubai a far more practical alternative for many. According to the most recent ForwardKeys analysis, airline reservations to Qatar from the […]
Through the tokenization of the precious metal, which is backed by actual gold bars recorded on Dubai Multi Commodities Centre (DMCC) Tradeflow, Dubai’s DMCC has teamed up with ComTech Gold to digitise the trading of gold. DMCC Tradeflow is an online portal for registering the ownership of goods kept in UAE facilities that were introduced […]
In order to provide broadband connectivity services in African nations, OneWeb has struck a distribution deal with Q-KON Africa, a specialised technology firm that offers solutions based on satellite, wireless, and VoIP technologies. Through their satellite broadband service, Twoobii, Q-KON Africa consistently and successfully connects “off-grid” sites to core networks across Africa. Customers of Q-KON […]
