The Nanotechnology Association, supported by the Misk Foundation, is set to launch the Nanohub Program, aimed at inspiring and equipping the next generation for careers in the sector to help support a brighter future and a thriving economy. Nanohub, a nonprofit initiative, is structured in three phases to train Saudi graduates and entrepreneurs aged between…
Maktoum bin Mohammed: “The DIFC Courts’ innovative strategy is inspired by Mohammed bin Rashid’s vision to establish Dubai as one of the world’s leading financial hubs and set new global standards in judicial dispute resolution” 2023 achievements:• Main Court of First Instance (CFI) records 111 cases, representing a total case value of AED16.5 billion• Wills Service…
Commercial Bank of Dubai (CBD) on Wednesday reported a net profit after tax result of Dh701 million for the first quarter of 2024, up 21.9 per cent (on a pre-tax basis, the result is up 33.9 per cent) compared to the corresponding period in 2023. Strong growth in loans and current and savings accounts (CASA)…
Saudi Foreign Minister Prince Faisal bin Farhan received his Bahraini counterpart Abdullatif bin Rashid Al-Zayani in Riyadh on Tuesday. During the meeting, the close relations between their countries and ways to strengthen them in various fields were reviewed. The ministers also discussed the latest regional and international developments and efforts made with regard to them.
RIYADH: Growth in air traffic, heightened investment interest, and a comprehensive strategy are driving Saudi Arabia’s aviation sector expansion, according to a top official. Abdulaziz Al-Duailej, president of the Saudi General Authority of Civil Aviation, highlighted the sector’s pivotal role in economic growth and sustainable development during his speech at the Airlines Economic Growth Frontiers conference in Riyadh. …
His Highness Sheikh Ahmed bin Mohammed bin Rashid Al Maktoum, Second Deputy Ruler of Dubai, met with leaders and representatives of global retail brands on the sidelines of the fourth edition of The Retail Summit (TRS), which commenced in Dubai today at Atlantis, The Palm. Held under the patronage of His Highness Sheikh Mohammed bin…
Dubai Chamber of Digital Economy, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that the combined market value of the nine multinational companies (MNCs) it successfully attracted to Dubai last year exceeds AED 304 billion (US$ 82.84 billion). The impressive figure reflects the emirate’s growing appeal as a preferred…
The Central Bank of the UAE (CBUAE) today issued a notice to all banks and insurance companies to allow the deferral of repayment of instalments of personal and car loans for customers affected by the repercussions of the weather condition for a period of six months. The deferral shall be without imposing additional fees, interest…
Tesla (TSLA.O), opens new tab cut the U.S. prices of its Model Y, Model X and Model S vehicles by $2,000 each on Friday, days after the first-quarter deliveries of the world’s most valuable automaker missed market expectations.Elon Musk’s electric-vehicle (EV) maker lowered the prices for its Model Y base variant to $42,990, while the…
London: Bitcoin, the world’s largest cryptocurrency, on Friday completed its “halving,” a phenomenon that happens roughly every four years, according to according to CoinGecko, a cryptocurrency data and analysis company. Bitcoin was fairly stable immediately afterward, falling 0.47 per cent to $63,747. Bitcoin enthusiasts had eagerly waited for the “halving” – a change to the…
