Nvidia has struck a deal to deploy its artificial intelligence technology in data centers owned by Ooredoo, a telecoms group based in Qatar. This partnership spans across five Middle Eastern countries: Qatar, Algeria, Tunisia, Oman, Kuwait, and the Maldives, marking Nvidia’s significant entry into a region where US chip exports face restrictions. Ooredoo becomes the […]
Switzerland: In a landmark case, four members of the affluent Hinduja family were sentenced by a Swiss criminal court on Friday to prison terms ranging from four to 4.5 years for exploiting vulnerable domestic staff. However, the court dismissed the more severe human trafficking charges. Indian-born tycoon Prakash Hinduja, his wife, son, and daughter-in-law were […]
New Delhi: According to D V Swamy, Chairman of India’s Marine Products Export Development Authority (MPEDA), the UAE has emerged as India’s ninth largest destination for seafood exports. Swamy noted that India achieved a record high in seafood exports for the fiscal year 2023-2024, shipping 1.78 million tonnes valued at US$7.38 billion. Frozen shrimp continued […]
The summit showcased KSA commitment to modernize logistics and finance sectors, with a focus on digital transformation and inclusive finance to empower SMEs and enhance supply chain efficiency. Riyadh, KSA: The 3rd Annual KSA Supply Chain Finance, and Digital Transformation Summit, organized by QnA International, successfully concluded on May 22nd, 2024, in Riyadh. This event […]
Dubai: Whizmo a upcoming all-in-one mobile money solution, with the mission of democratisation of money, offering a grass root solutions for every segment of society. Whizmo from Whizpay Technology LLC, licensed by The Central Bank of the UAE. A new set of fintech solution are re-defining the financial sector by offering accessible, secure, and easy-to-use mobile […]
The U.S. Department of Justice has taken legal action against Adobe, filing a lawsuit accusing the software giant of deceptive practices related to subscription plans. According to the DOJ’s complaint lodged on Monday, Adobe allegedly misled consumers by not adequately disclosing an early-termination fee and making it challenging for subscribers to cancel their plans. The […]
Switzerland: Four members of the billionaire Hinduja family faced trial in Switzerland on Monday for human trafficking charges involving exploitation of household staff at their Lake Geneva villa. The accused—Prakash Hinduja, Kamal Hinduja, their son Ajay, and his wife Namrata—were alleged to have paid wages as low as $8 per day for workdays stretching 15 […]
Ajman: In May 2024, the Department of Land and Real Estate Regulation in Ajman completed 169 valuations of real estate properties, amounting to a total value exceeding AED729.5 million. According to Ahmed Khalfan Al Shamsi, the Director of Real Estate Registration, these valuations encompassed various types of properties including commercial, residential, industrial, and agricultural units. […]
Dubai: His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai, emphasized the UAE’s ongoing improvement in global competitiveness, attributing this success to the leadership of President His Highness Sheikh Mohamed bin Zayed Al Nahyan and the collective efforts of its people. In a recent statement, Sheikh Mohammed noted […]
Lee, who has been on a two-week business trip in the US, was invited to Mark Zuckerberg’s home in Palo Alto, California, on Tuesday (US time) where he had talks with Meta’s founder and CEO, according to Samsung Electronics. Samsung Electronics Chairman Lee Jae-yong has met with the heads of Meta, Amazon and Qualcomm in […]
The World Bank’s latest Global Economic Prospects report forecasts a steady rise in the UAE’s real GDP. In 2024, the GDP is expected to grow by 3.9%, with a further increase to 4.1% anticipated for 2025. This projection reflects an upward revision from the World Bank’s previous forecast in January 2024, where they estimated a […]
