UAE billionaire Mohamed Alabbar has reportedly signed an agreement with the government of Hungary to build a “Dubai-like neighbourhood” in Budapest in a deal worth up to $7 billion. Alabbar’s Eagle Hills Properties will be working with the Hungarian government to construct “tallest tower in Europe and a shopping mall” and develop a partially abandoned…
RIYADH: Saudi Arabia’s Abdullah Al-Sharbatly has qualified for the 2024 FEI World Cup Finals for dressage and showjumping set to take place in Riyadh next month, Arriyadiyah reported on Thursday. The competition will be held at the Riyadh International Convention and Exhibition Center from April 16 to 20. The Saudi Arabian Equestrian Federation confirmed that…
CAIRO: The Islamist group Hamas on Friday criticized the “unilateral” designation by Palestinian President Mahmoud Abbas of an ally and leading business figure as prime minister with a mandate to help reform the Palestinian Authority (PA) and rebuild Gaza.Mohammad Mustafa’s appointment comes after mounting pressure to overhaul the governing body of the occupied Palestinian territories…
London: Shell weakened its 2030 emissions target Thursday in an annual update on its energy transition strategy. Shell said it will target a 15-20% reduction in net carbon intensity of its energy products by 2030 compared with 2016 levels. It had previously aimed for a 20% cut. Shell has been under pressure to slash its emissions…
New Delhi: The Indian Navy swiftly responded to an attack by pirates on a Bangladeshi-flagged vessel off the coast of Somalia and deployed its assets to rescue crew members who were taken hostage. The Bangladesh-flagged vessel MV Abdullah carrying coal was headed from Mozambique to the United Arab Emirates when it came under attack by…
An Indian businessman and philanthropist contributed Dh10 million to the Dh1-billion fund that Dubai is aiming to raise to honour mothers this Ramadan. Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, launched the Mother’s Endowment campaign, which allows individuals to make donations in their mothers’ names. The…
Top real estate developers Nakheel and Meydan will now fall under the umbrella of Dubai Holding, Sheikh Mohammed bin Rashid Al Maktoum announced on Saturday. This step, he said, comes as part of efforts to “consolidate and enhance the momentum of Dubai’s economic growth”. “The goal is to create a more financially efficient entity that…
Berlin: By the end of the century, 13 % of ski resorts are expected to be without natural snow, according to a study published by the University of Bayreuth, and published in the journal PLOS ONE on Thursday. “In all major ski regions, a substantial decrease in the number of days with natural snow cover is…
Chennai: American semiconductor manufacturer Qualcomm has opened a design centre in Chennai. The centre was inaugurated by Union Minister for Information and Technology Ashwini Vaishnaw on Thursday, in the presence of the company’s President and CEO Cristiano R Amon. The US-headquartered multinational corporation, Qualcomm, is famed for designing and manufacturing semiconductors and wireless telecommunications products. “PM…
JEDDAH: AlUla were crowned champions of the Saudi Arabian Football Federation Women’s First Division League after beating Al-Taraji 4-2 on penalties on Wednesday evening.The two clubs faced off at Jeddah’s King Abdullah Sports City Reserve Stadium and were level at 1-1 after extra-time before AlUla triumphed on penalties to clinch the 2023/2024 title.The two rivals…
