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 […]
All FIFA World Cup stadium perimeters in Qatar are now off-limits to the sale of beer. The world’s biggest single sporting event is set to begin 72 hours after the announcement. On Sunday, Qatar and Ecuador will play to kick off the World Cup. The competition is taking place in the Middle East for the […]
The tallest residential building in the world will allegedly be constructed by property developer Binghatti in collaboration with the upscale jewellery brand Jacob&Co. Both Muhammed Binghatti, CEO of Binghatti Holding, and Jacob Arabo, chairman of Jacob & Co. were present at the ground-breaking ceremony. Living in high-rise buildings is still a very prominent feature of […]
The U.S. Food and Drug Administration (FDA) on Wednesday announced that it had approved a meat product made from animal cells for ingestion by humans for the first time. In documents made public on Wednesday, the FDA stated that it had examined the company’s evidence and had no further concerns regarding the conclusion that its […]
LMR, the $9.8 billion hedge fund is opening a location in Dubai as part of its strategy to grow within the UAE. The London-based company has a licence from the DIFC and is upbeat about opportunities in the UAE, which has emerged as the top destination for foreign millionaires. According to a source with knowledge […]
The New York Times said that is preparing to fire some 10,000 workers in corporate and technical positions starting this week. The Wall Street Journal cited a person who claimed the business intended to fire thousands of workers. According to the article, the cuts would be the biggest in the company’s history and would mostly […]
Despite ongoing interest from potential suitors, Saudi-backed Volocopter, the inventor of the air taxi, said it anticipates remaining independent until after its first commercial flights in 2024, with a public market offering anticipated the following year. Volocopter’s launch funding has topped $518 million, and the business is still raising money. It has received $182 million […]
UAE CEOs, who make up more than twice as many CEOs as those from other countries, are more confident than their global counterparts about their company’s future than average, with 60% of them anticipating earnings growth of between 2.5 and 4.5% annually over the next three years. These conclusions are among the most recent ones […]
The largest cryptocurrency exchange in the world, Binance, has abandoned a plan to help its smaller rival FTX. According to Binance, the purchase will not be pursued after due diligence. It claimed that information about “mishandled customer funds and alleged US agency investigations” had influenced its choice. A “liquidity crunch” brought on by a spike […]
The largest cryptocurrency exchange in the world, Binance, has bailed out one of its biggest competitors, FTX, in a move that is being hailed as a huge upheaval in the cryptocurrency industry. A wave of withdrawals has decimated FTX, and Changpeng Zhao, CEO of Binance, is taking action to prevent a collapse of the cryptocurrency […]
Al Yah Satellite Communications, more often referred to as Yahsat, and Hub71, Abu Dhabi’s global technology ecosystem, have partnered to advance the advancement of new technology in the satellite communications sector. Together, the two organisations will search for start-ups that could boost satellite communication technology and advance the UAE’s space economy. According to Hub71, Yahsat […]
Top officials urged affluent nations to finally fulfil their broken $100 billion promise as the U.N.’s premier climate summit got underway, and the contentious topic of reparations was added for the first time to the official agenda. Delegates from around 200 nations have gathered in Egypt’s Red Sea resort town of Sharm el-Sheikh for the […]
