Technology & IT | Tuesday 11 June, 2024 9:21 am

E7 Group to invest AED182 million in security solutions business segment

E7 Group today announced plans to invest AED182 million (approximately US$50 million) in ambitious organic growth initiatives across its security solutions business segment, E7 Security. E7’s planned investments will bolster its passport manufacturing capacity and enable its entry into the...

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Business & Money | Tuesday 11 June, 2024 9:19 am

Masdar City's upcoming developments achieve WiredScore Platinum and SmartScore Gold Certifications

Masdar City, a leading sustainability and innovation hub in Abu Dhabi, has achieved the WiredScore Platinum and SmartScore Gold certifications respectively for its forthcoming Masdar City Square and The Link developments. The WiredScore certifications are a global benchmark in assessing...

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Technology & IT | Tuesday 11 June, 2024 9:17 am

On-Device AI Emerges as a Major Industry Trend Spearheaded by HONOR and Apple

The smartphone industry is on the cusp of a revolution, as AI is rapidly transforming the way we interact with our devices. Just yesterday, at its Worldwide Developer Conference (WWDC), Apple unveiled a slew of new AI announcements to embrace on-device AI that protects users’ privacy by...

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Cars & Autos | Tuesday 11 June, 2024 9:17 am

Electrification In Accelerated Mode In The MENA Region
As Al-Futtaim Electric Mobility Company and Uber Forge Regional Partnership

 Electrification of urban transportation is currently in major focus within the automotive industry, as it has the potential to shift large volumes of cars towards greener mobility and maximize the sustainability impact. Leading this charge in the region are Al-Futtaim Electric Mobility...

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Business & Money | Tuesday 11 June, 2024 9:11 am

ACWA Power board recommends capital hike via SAR 7.125B rights issue

ACWA Power Co.’s board of directors recommended to increasing the company’s capital through a SAR 7.125 billion rights issue, according to a statement to Tadawul. This capital increase aims to anchor its growth strategy of tripling the assets under management by 2030 and enhance its...

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Technology & IT | Tuesday 11 June, 2024 9:00 am

Sultan Al Jaber elected Chairman of Presight Board of Directors

Presight, the region’s leading big data analytics company powered by generative artificial intelligence, today announced the election of Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Managing Director and Group CEO of ADNOC, as the Chairman of its Board of...

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Business & Money | Tuesday 11 June, 2024 8:20 am

Creating a Home Away from Home: Why Expats Are Choosing to Buy Apartments in Dubai Hills Estate for Their Families

Discover a range of domestic options in Dubai Hills Estate, a multicultural regional that affords outdoor pastime and sunlight, along with properly viewed academic establishments. Foreigners are opting to buy apartments in Dubai Hills Estate for expats, a thriving regional community that meets ...

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Business & Money | Monday 10 June, 2024 11:07 am

"Tatweer" Secures Prime Real Estate in Riyadh for Over 750 Million SAR

 Tatweer Company has announced the acquisition of a vast industrial plot in a prime location in the capital city of Riyadh. The land spans approximately 74,000 square meters and was purchased for over 750 million Saudi Riyals during the "Rikaz Auction," which saw extensive participation from...

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Tourism & Hospitality | Monday 10 June, 2024 10:13 am

Saudi Arabia’s Travel & Tourism Breaks All Records

The World Travel & Tourism Council’s 2024 Economic Impact Research (EIR) has revealed a record-breaking year for Travel & Tourism in Saudi Arabia, with new records in GDP contribution, sector jobs and visitor spend. Saudi Arabia’s Travel & Tourism sector is now soaring past all ...

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Business & Money | Monday 10 June, 2024 9:08 am

Ras Al Khaimah Ruler inaugurates Sobha Modular Industries’ new manufacturing facility in the Emirate

His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, recently inaugurated Sobha Modular Industries’ new manufacturing facility in Al Hamra, Ras Al Khaimah. A subsidiary of Sobha Group,  Sobha Modular Industries manufactures aluminium...

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