Business

$10 million Global Prize for Innovation goes to Syed Shah

Jeddah: Saudi Arabia’s Minister of Environment, Water and Agriculture Eng. Abdulrahman Al-Fadhli has presented the Global Prize for Innovation in Desalination, first prize to Syed Shah from Aqua Membranes, USA, for the project titled “Changing reverse osmosis through 3-D printed spacers.” Five other entries were also awarded prizes. The ceremony took place at the Ritz-Carlton […]

9 out of 10 Retailers Think UAE is ‘Great’ for Business

Uplo Survey Reveals Nine out of 10 Retailers Think UAE is ‘Great’ for Business 73% of retail respondents said they would grow revenue and profits this year The report includes detailed insight from global experts at Checkout.com and SAP Half of retail businesses already using artificial intelligence (AI) and machine learning (ML) Dubai: Online retail […]

ABB is the first in the world to deliver IE5 ultra-premium motor efficiency in explosive environments

DUBAI: ABB has extended its award-winning IE5 SynRM (synchronous reluctance motor) series with a brand-new addition: the IE5 SynRM Increased Safety motor. In a world-first, customers operating in hazardous area industries can now ensure safety and boost their energy efficiency by deploying motors that offer up to 40 percent lower energy losses compared to commonly […]

ASDA’A BCW Arab Youth Survey: a majority of young Arabs say they will boycott brands that damage the environment

Dubai: More than half (58%) of Arab youth are ready to support calls to boycott brands that damage the environment, rising to about two-thirds (65%) of youth in the Gulf Cooperation Council (GCC) states followed by North Africa (58%) and the Levantine nations (51%). This comes amidst increasing worry among Arab youth about the impact […]

Apple, Samsung halt India laptop imports after sudden curbs

Following India’s surprise restriction on inbound shipments without a license, several of the major brands have suspended new laptop and tablet imports to the South Asian nation, including Apple Inc., Samsung Electronics Co., and HP Inc. Regulators shocked the largest PC manufacturers in the world on Thursday by requiring licenses for the import of electronics, […]

DIFC’s H1 2023 performance strengthens Dubai’s position as a global finance and innovation hub

Dubai: The Dubai International Financial Centre (DIFC), the leading global financial centre in the Middle East, Africa and South Asia (MEASA) region, witnessed exceptional growth in the first half of 2023 with 661 new entities registering during the period in the Centre, an impressive double-digit growth of 23% year-on-year. DIFC’s performance reinforces its growing role in shaping the […]

BNI Expo 2023 Concludes Empowering Business Connections and Growth

Dubai: Business Network International (BNI®) UAE proudly concludes its highly anticipated BNI Expo UAE 2023, held on June 24th with the agenda ‘Get Ahead of the Curve,’ the event brought together a diverse range of business professionals, entrepreneurs, and industry leaders, providing an invaluable platform for networking, knowledge sharing, and business growth. The event was […]

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