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As part of the Dubai company’s development into technology, Emirati billionaire Hussain Sajwani’s Damac Group is looking at investment opportunities worth €1 billion in Germany. According to a statement released on Tuesday, the company is now “on a fact-finding journey in Germany to explore the market and perhaps discover mutually beneficial partners” for investment. Privately-held […]
The agritech company Graze It has now formally launched its operations in the UAE and Saudi Arabia. The company uses controlled environment agriculture (CEA), which allows for water usage that is 95% lower than conventional agriculture, to directly generate sustainable animal feed at the consumer’s location in an effort to address a significant food security […]
One of China’s largest e-commerce companies, Pinduoduo Inc., is getting ready to launch its first cross-border expansion into the North American market, according to people familiar with its intentions. Pinduoduo, launched in 2015, broke the supremacy of Alibaba and JD with rock-bottom pricing and a group buying model that encourages users to discuss their purchases […]
According to official state media of Vietnam, Apple supplier Foxconn has agreed to spend $300 million with Vietnamese developer Kinh Bac City to expand its facilities in the north of the country in order to diversify and increase production. The action comes in response to a story this week claiming that Foxconn has begun producing […]
Two of the biggest commercial aircraft types now in operation, the Airbus A380 and Boeing 777, will have their whole interior cabins upgraded as part of Emirates’ ongoing efforts. In order to ensure that Emirates’ customers “fly better” in the upcoming years, this enormous project, which represents a multi-billion-dollar investment, will formally begin in November […]
The Australian government announced on Friday that, in an effort to catch up with other developed economies, it would enact new restrictions aimed at reducing carbon emissions from vehicles. According to Climate Change and Energy Minister Chris Bowen, only 2% of cars sold in Australia are electric, compared to 15% in Britain and 17% in […]
To improve their client experience, Emirates NBD has started a global accelerator programme for metaverse entrepreneurs. In accordance with the Dubai Metaverse Strategy, the accelerator programme places the bank in a leadership position for the upcoming wave of banking innovation. The biggest lender in Dubai, Emirates NBD, has never before shown interest in the metaverse, […]
As part of its Guarantee Scheme, the Mohammed Bin Rashid Innovation Fund (MBRIF) has offered financing support to Bayzat, the UAE’s top employee benefits platform. MBRIF is a UAE Ministry of Finance (MOF) programme to foster national innovation. Bayzat, a digital startup that helps businesses to better respond to workers’ requirements and generate savings in […]
More than 45 start-ups worth at least $1 billion are predicted to emerge from the Middle East and North Africa by 2030, headed by Saudi Arabia. The Saudi technology venture capital fund said in a study released on Tuesday that the acceleration of the start-up ecosystem is being driven by a growing talent pool, technology […]
Samsung Electronics presented its latest high-end foldable cell phones on Wednesday, maintaining pricing the same as last year in an effort to maintain its leadership in a developing niche sector. The Galaxy Z Flip 4 and Galaxy Z Fold 4 are the latest foldable phones. Both phones, according to Samsung, are the company’s hardest foldable […]
President Joe Biden signed a bipartisan bill on Tuesday that aims to boost the United States’ competitiveness with China by spending billions of dollars on local semiconductor production and scientific research. “The future is going to be made in America,” Biden said, calling the measure “a once-in-a-generation investment in America itself.” The measure allots USD […]
Udrive, a devoted pay-per-minute and daily vehicle rental platform based in the UAE has announced its launch into Saudi Arabia. The expanded operations will address the growing demand from residents, visitors, students, and entrepreneurs in the kingdom. The 24/7 mobile-app vehicle rental company begins operations in Riyadh as part of an ambitious ambition to expand […]
