IMF trims Saudi Arabia growth forecast

IMF trims Saudi Arabia growth forecast to 2.1% in 2023

The fund projected that Saudi Arabia would swing to a deficit in 2023 on lower oil revenue

Google

Google bets on local languages to fuel Android’s growth in India

The company has been developing an artificial intelligence model that would be able to handle more than 100 Indian languages across speech and text

ola Chudy on the joys of running Image supplied

Global Running Day 2023: Does your day include time for exercise?

Global Running Day is observed on June 7, and for many busy executives, making time for fitness needs to be top of the agenda – your professional performance depends on it

cooking robot

UAE’s dnata introduces cooking robot at World Travel Catering & Onboard Services Expo

Developed by Moley Robotics, the robot is able to recreate identical dishes at scale by following pre-recorded chef instructions

Kim Kardashian's crypto lawsuit moves ahead

Kim Kardashian’s EthereumMax crypto hype lawsuit advances

The presiding judge found that a Kardashian post suggesting that certain crypto tokens were scarce was misleading

VPorts Dubai AMM Ingegrator CentreVPorts Dubai AMM Ingegrator Centre

Advanced air mobility: VPORTS starts certification process for vertiports

Construction of the vertiports are scheduled to start in 2024

Karim Benzema at Ittihad Club

Karim Benzema, former Galactico descends on Saudi Arabia with Al Ittihad signing

The Ballon d’Or winner was with Real Madrid for 14-years before agreeing to move to the Saudi Pro League club on an initial three-year contract

Proven

TMF Group expands into Saudi by acquiring Proven’s corporate services business

TMF Group will open a new office in Riyadh, and build on the existing Saudi clients

PIF merges LIV Golf and PGA Tour

Saudi-backed LIV Golf merges with PGA Tour and DP World Tour

The merged entity will implement a plan to grow the combined commercial businesses, drive greater fan engagement and accelerate growth initiatives

Flynas (Image: Supplied by flynas)

Flynas to commence flights to Egypt’s Sphinx International airport

It will operate thrice-weekly nonstop services from Riyadh and Jeddah

OpenAI

ChatGPT maker OpenAI is staying private so it can make ‘strange’ decisions

Chief executive officer Sam Altman emphasised his willingness to work with regulators to develop frameworks to reduce potential harm from AI, at an event in Abu Dhabi on Tuesday

AUS Bybit establish scholarship fund Image WAM

American University of Sharjah, Bybit establish new scholarship fund

The fund will support 20 students to drive their academic and research efforts towards fintech and blockchain at American University of Sharjah

NEOM's green hydrogen project by L&T

Standard Chartered issues first-ever green guarantee to Larsen & Toubro in Saudi Arabia

The sustainable guarantee issued by the bank will see L&T receive the necessary financial support for the development of wind and solar farms to support green hydrogen generation

UAE SCA to-waive-fees-for-firms-listing-green-bonds-sukuk-in-2023-Getty Images-1061630236.jpg

Registration fee waiver for firms listing green bond, sukuk in local market: SCA

The SCA board approved the decision to exempt the fee for this year for companies planning to list their sustainability-linked bond or sukuk

Emirates

Dubai’s Emirates says back in market soon for order of up to 150 jets

The airline already has 50 A350s, 117 of the 777Xs and 30 787-9s on order

SAF to play a key role in aviation sector's net zero 2050 journey _GettyImages-1372488167

Sustainable aviation fuels to play key role in carbon mitigation, says IATA

In 2022, SAF production tripled to some 300 million litres with project announcements for potential SAF producers rapidly growing

NEOM construction progress

Saudi Arabia’s NEOM gets $5.6bn to build workforce housing

The scope of the agreement will cover elements of design, finance, build, operations and maintenance of the housing communities

UAE Egypt sign deal to build 10GW_wind farm Image Masdar

UAE, Egypt ink deal to develop Africa’s largest wind farm, project valued at $10bn

The wind farm will help Egypt meet its strategic objective of sourcing 42 per cent of its energy from renewables by 2030

startup show comes to UAE

The Falcons: Startup funding show comes to the UAE

The show brings the pressure, the suspense and the glory of raising capital to TV screens in the UAE in a10-episode season

Red Sea Global partanna image- Red Sea Global

Saudi’s Red Sea Global, Partanna project to use carbon-negative concrete

Partanna, which uses recycled ocean water brine in its carbon-negative concrete, will supply Red Sea Global with 11,000 carbon-negative pavers initially for its landscape nursery

healthcare systems

Preserving health and planet: The imperative of sustainable healthcare systems

The interconnection between sustainability and climate change in the healthcare sector is crucial for safeguarding the future of both our planet and the human race

Dubai Chamber

Dubai Chamber of Digital Economy attracts 30 startups in Q1 2023

The chamber is supporting Dubai’s digital transformation while cementing its status as the global digital economy hub

Uptown Tower by DMCC

DMCC appoints Mace as building operations management firm for Uptown Tower

The 81-storey tower, set to launch in the coming months is the first one to be built within the Uptown Dubai district

Worldwide Developers Conference

Top highlights from Apple’s annual Worldwide Developers Conference

The annual event is a showcase for Apple’s latest software — and an attempt to keep both its developers and customers locked in to its product ecosystem

blockchain technology

New blockchain technology research reveals value potential for emerging markets

Agile Dynamics releases report detailing current and future state of blockchain technology, including how to leverage tech for cost efficiency and more

ADNOC Drilling

ADNOC Drilling acquires two new jack-up rigs for $220m

The rigs will become operational in the fourth quarter of 2023

Six Senses Amaala to launch in Saudi Arabia Image Six Senses Amaala

Six Senses to launch resort in Amaala, Saudi Arabia

Six Senses Amaala is set to open as part of the first phase of the Triple Bay development

Marriott Executive Apartments (Image: Supplied by Marriott)

Marriott Executive Apartments debuts in Kuwait

It features 164 units ranging from studios to three-bedroom serviced apartments

DMCC Bybit

DMCC, Bybit join forces to propel crypto and Web3 adoption in Dubai

Bybit will offer financial assistance amounting to Dhs500,000 to support new crypto ventures interested in establishing themselves within the DMCC Crypto Centre

Dubai Chambers Image credit WAM Dubai Chambers Dubai Media Office

Dubai Chamber of Commerce welcomes 15,366 new member companies in Q1 2023

The first quarter saw the chamber achieve its goal of establishing more than 100 business groups from various sectors and economic activities