The UAE (United Arab Emirates) Spacecraft Hope Launched from earth has entered the orbit around the Mars, currently moving at over 120,000km/h (75,000mph). The spacecraft called Amal, Arabic for Hope has reached the end of its 300 million mile, seven month old journey and begun circling the planet mars, Omran Sharaf, The Project Manager of […]
The German multinational investment bank and financial services company Deutsche bank , Sways to its small annual profit in the year 2020 since 2014, after the gains from its Investment banking division. The largest lender of Germany posted a full-year net profit of 113 million euros which is equivalent to $135.7 million, the analysts had […]
Muzibul Haque, a 75-year-old retired carpenter who lives in a remote village in Bangladesh’s southern district of Pirojpur, collects his old-age allowance on his mobile phone from the government, a development that was unthinkable even in recent past. Previously, he had to travel 10 kilometers, spend a considerable amount of time and bear the travel […]
The government of Denmark has approved a plan to build the world’s first artificial energy island in the middle of North Sea which will be capable of producing and storing enough green energy to cover the electricity needs of three million European households. The artificial island will initially have an area of 120,000 sq meters […]
Banks in Europe exposed to small- and medium-sized businesses constitutes a major challenge when applying for a new European Union classification system on climate-friendly investments due to insufficient data. The report compiled by United Nations Environment Programme Finance Initiative and European Banking Federation studied the system’s impact on Twenty six of Europe’s largest banks. Checking […]
Bank Nizwa, One among Oman’s leading Islamic bank has profitably achieved its set targets of its maiden 5 year plan (2016-2020) and is now set on a new growth path. Since launching its operations in January 2013, the bank now provides a full range of banking solutions to individuals, small and medium size enterprises, corporations […]
The British multinational telecommunications company Vodafone and the Finnish electronics company Nokia has set a record of 100 gigabit per second (Gb/s) with passive optical network (PON) technology delivering network that is 10 times faster than any available network in a single wavelength. Bell Labs, Nokia’s renowned subsidiary has provided innovations for the trial, including […]
Jeff Bezos, The founder of e-commerce giant Amazon is to step down as Chief Executive Officer as the company reported its third consecutive record profit and quarterly sales of $100 billion for the first time. Brian Olsavsky, the cheif financial officer of Amazon said Jeff is not leaving he will become executive chairman, so that […]
The South East Asian country Singapore is trying to attract more market- leading manufacturing firms to anchor their operations in the country, as it is working on its new goal to improve its manufacturing sector by 50 percent over the next 10 years. Setting up top companies in the country will enable Singapore to be […]
As Royal Dutch shell switches from oil and betting its expertise on power trading and rapid growth in hydrogen , rather than joining its counterparts in a scramble for renewable power assets To reduce the dependency on fossil fuels shell and its European counterparts are seeking new business models, which will intrigue investors concerned about […]
Bill Gates , the co-founder of Microsoft has warned that the upcoming pandemic could be 10 times worse and the humanity is not prepared for it. He also mentioned that people must learn a lesson from COVID-19. According to Gates, “we are not prepared for the next pandemic,” and he also hopes that the current […]
CBUAE (Central Bank of the United Arab Emirates) has announced to initiate the procedure for regulatory responsibility of the insurance sector pursuant to Decretal Federal Law No. (25) of 2020 where the merger of Insurance Authority was decided. The Deputy Prime Minister, Minister of Presidential Affairs and Chairman of the CBUAE, Sheikh Mansour Bin Zayed […]
The shares of Asia – Pacific region goes down following four straight sessions of losses with delay in vaccine rollouts and new strains of Coronavirus which will affect global economic recovery. MSCI’s (Morgan Stanley Capital International) index of Asia – Pacific shares slipped down to 0.4 percent outside Japan. Tokyo’s Stock Exchange Nikkei bounced 0.4 […]
The Anglo-Swedish drug maker AstraZeneca plc will deliver an additional 9 million vaccine doses to the European Union in the first quarter of 2021 despite the Chaos. Ursula von der Leyen, the president of European Commission announced on twitter that the AstraZeneca would start delivering the vaccine a week earlier than scheduled and expand its […]
The world’s largest semiconductor chip manufacturer Intel invests $475 million into its Vietnam division. Which will help in adopting more advanced technology and move beyond its key central processing unit. Intel Vietnam, gets a 50% increase from previous investments, to manufacture core processors and 5G products, the company said the expansion was to help it […]
