Business & Money | Saturday 27 July, 2024 6:16 am

SAMA Governor: International trade restrictions threaten global economy in medium term

Ayman Al-Sayari, Governor of the Saudi Central Bank (SAMA), said the key risks facing the global economy in the medium term include rising geopolitical conflicts, growing concerns about economic fragmentation among world economies, and the implications of increasing restrictions on international...

More Details

Business & Money | Saturday 27 July, 2024 6:03 am

flynas signs agreement to buy 160 Airbus aircraft

Saudi Arabia’s leading low-cost carrier flynassigned an agreement with Airbus to buy 160 new aircraft, increasing its total orders to 280 over seven years, which marks one of the largest aircraft orders in the region.   According to the agreement, flynas confirmed that the 160...

More Details

Technology & IT | Friday 26 July, 2024 6:36 pm

Embracing GenAI Solutions in the Era of Hybrid Multi-cloud

In the rapidly evolving technological landscape, the excitement around generative AI (GenAI) solutions is obvious and highly evident. Customers worldwide, including government entities, FSI & mega enterprises in Saudi Arabia, are eager to harness the transformative potential of GenAI. However,...

More Details

Business & Money | Friday 26 July, 2024 1:34 pm

ThinkMarkets Integrates with TradingView

London - ThinkMarkets, a leading multi-asset trading provider, has recently announced the integration of its proprietary trading platform ThinkTrader with TradingView. The partnership allows ThinkMarkets’clients to connect their ThinkTrader trading accounts to TradingView – enabling them to...

More Details

Technology & IT | Friday 26 July, 2024 12:57 am

New phishing scheme combining spear phishing tactics in mass phishing campaigns

Kaspersky experts have identified a new phishing attack trend where elements of spear phishing are being used in bulk campaigns. Traditional bulk phishing emails target large audiences with generic messages, often rife with typos and simplistic formatting. In contrast, spear phishing involves...

More Details

Business & Money | Friday 26 July, 2024 12:32 am

DMCC announces 9% growth in membership of Chinese companies during H1 2024

The Dubai Multi Commodities Centre (DMCC) has announced 9 percent growth in its intake of companies from China in the first half of 2024, taking the total number of Chinese members in its free zone to 900. The announcement came as DMCC concluded its latest Made For Trade Live roadshow in...

More Details

Environment & Energy | Friday 26 July, 2024 12:29 am

EWEC issues Request for Proposals for developing 400MW Battery Energy Storage System

Emirates Water and Electricity Company (EWEC) has issued a Request for Proposals (RFP) to qualified developers and developer consortiums that expressed interest in developing an independent greenfield 400-megawatt (MW) Battery Energy Storage System (BESS) power project in Abu Dhabi, providing up to ...

More Details

Business & Money | Friday 26 July, 2024 12:26 am

Thara Centre for Entrepreneurship, Ruya Bank to provide innovative banking services

The Thara Centre for Entrepreneurship at Ajman Chamber has signed a memorandum of understanding (MoU) with Ruya Bank to provide innovative proactive banking services that meet the needs of Ajman Chamber members from private sector establishments and entrepreneurs. This MoU was signed by Marwan ...

More Details

Environment & Energy | Friday 26 July, 2024 12:23 am

DEWA’s R&D Centre launches its 4th Transactions Report

Dubai Electricity and Water Authority (DEWA) 's Research and Development (R&D) Centre has published its fourth Transactions Report, highlighting the Scopus Indexed scientific and research papers presented at international conferences and journals in 2023. The report includes 71 research...

More Details

Business & Money | Friday 26 July, 2024 12:21 am

Dubai International Chamber attracts 24 multinational companies during H1 2024

Dubai International Chamber, one of the three chambers operating under Dubai Chambers, has achieved a year-over-year (YoY) growth of 54% in the number of multinational companies (MNCs) and small and medium enterprises (SMEs) it attracted to the emirate, which increased from 56 in the first half of...

More Details