June 29, 2023

Central Bank Leaders Emphasize Further Tightening Measures to Control Inflation

During an annual gathering of central bankers hosted by the European Central Bank (ECB) in Sintra, Portugal, US Federal Reserve Chairman Jerome Powell indicated that further interest rate hikes were not off the table.

June 29, 2023

Oracle integrates generative AI into its human resources software.

Oracle Corporation announced on Wednesday that it is integrating generative artificial intelligence (AI) features into its human resources (HR) software.

June 29, 2023

A renowned landmark Pepsi Factory in Dubai has been sold for a staggering amount of Dh252 million.

Dubai’s famous landmark, the Pepsi factory located on Sheikh Zayed Road, may soon become a thing of the past as it has been sold to Al Futtaim Private Company LLC.

June 29, 2023

UBS is reportedly planning to reduce its workforce by 30% while retaining Credit Suisse’s domestic business.

UBS, the Swiss banking giant, is reportedly contemplating a significant reduction in its workforce following its emergency takeover of Credit Suisse.

June 29, 2023

Bahrain has set a target to increase the proportion of renewable energy in its electricity generation to 5% by 2025.

Bahrain has intensified its efforts to increase the proportion of renewable energy in its total electricity generation to 5% by 2025, aligning with the goals of the country’s National Energy Transition Plan.

June 29, 2023

Lifera, a subsidiary of the PIF has entered into a joint venture with CENTOGENE, a renowned global omics diagnostics company.

By harnessing this cutting-edge technology, Lifera and CENTOGENE aspire to transform genetic insights into data-driven solutions that will propel the field of precision medicine forward, as highlighted in a press release.

June 29, 2023

Within a span of one week, King Fahd International Airport witnessed a notable influx of 250,000 passengers.

King Fahd International Airport experienced a significant rise in passenger numbers during the seven-day period of Eid Al-Adha, marking an 11% increase compared to the corresponding period in 2022.

June 29, 2023

Italy’s Energy Transition Gets a Boost as Q8 and Maire Group Unveil Rome’s First Circular Hydrogen Refueling Station

Italy’s ambitious plans for energy transition received a significant boost as Kuwait Petroleum International, known as Q8, joined forces with Maire Group to lay the foundation for Rome’s inaugural circular hydrogen refueling sta

June 28, 2023

The ruler of Sharjah has requested the housing program to expand its special aid to include employees in the private sector.

To implement this noble initiative, the Sharjah Housing Programme will collaborate with the Sharjah Debt Settlement Committee (SDSC).

June 28, 2023

MAG expresses strong optimism regarding Dubai’s real estate market

Dubai-based real estate developer MAG continues to maintain a positive outlook on the emirate’s real estate sector, citing promising market conditions and a resilient economy.

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