Lifestyle

OC Home furnishes Al Ain City with new store

News Desk 03/09/2024

Summer Collection also debuts OC Home, a home décor brand specialising in affordable yet stylish products, opened its first branch in Al Ain City in Abu Dhabi, UAE. Located directly opposite Jimi Mall, the new store is a key milestone for the brand following the recent debut of its City Centre

Sport

UN Tourism and FIA to propel sustainable sports tourism

Arnold Pinto 03/09/2024

New MoU signed in Monza The United Nations World Tourism Organization (UN Tourism) and the Fédération Internationale de l’Automobile (FIA) have signed a strengthened partnership to advance sustainable sports tourism. The new Memorandum of Understanding (MoU), formalised during the Formula 1 Grand Prix weekend in Monza, Italy, underscores both organisations’

Aviation

PAL-V to set up Dutch assembly and delivery centre

Arnold Pinto 03/09/2024

At Breda International Airport PAL-V, a global leader in FlyDrive mobility solutions, will establish a new assembly and delivery centre at Breda International Airport in the Netherlands. The move marks a pivotal step in PAL-V’s mission to transform personal air mobility. The new facility will be the first in Europe, positioning Breda International Airport at […]

Automotive Saudi Arabia

Changan Automobile capitalises on Middle East market

Arnold Pinto 02/09/2024

With new launches and strategic developments One of China’s top four automotive groups, Changan Automobile, has launched its all-new UNI-S, Avatr, and Deepal models in Saudi Arabia. This is the trio’s official unveiling for the oil-rich Middle East region. At its 2024 Middle East and Africa Brand Event, held in Riyadh, Saudi Arabia, on August […]

Thought leadership

Recognising the crucial role of geopolitical tensions in global commodity markets

News Desk 02/09/2024

By Marc Pussard, Head of Risk at APM Capital Geopolitical events profoundly influence commodity prices, a crucial factor for investors to consider when shaping their strategies. It’s essential to take a strategic approach when considering these influences. According to a recent Fitch Ratings report, global commodity prices have been influenced by the wars in the […]

Health

WHO highlights global public health crises at Geneva media conference

News Editor 2 02/09/2024

mpox tops the list Dr Tedros Adhanom Ghebreyesus, Director General of the World Health Organization (WHO), addressed a media conference in Geneva, Switzerland, on August 30, 2024, offering significant updates on ongoing health crises worldwide. The conference underscored WHO’s ongoing commitment to addressing critical public health challenges, from the mpox outbreak in

Education Space

Orbital Space is go for the Arab World’s first privately funded lunar mission

Arnold Pinto 02/09/2024

In partnership with Astrobotic Orbital Space, a Dubai-based aerospace company, has unveiled the Orbital Space Lunar Programme, representing what is said to be the Arab World’s first privately funded lunar mission. In collaboration with Astrobotic, a Pittsburgh, Pennsylvania, US-headquartered space exploration and technology development company, the pioneering

Saudi Arabia Tech

New identity for Global AI Summit in Riyadh

Arnold Pinto 02/09/2024

From September 10-12, 2024 The Saudi Data and Artificial Intelligence Authority (SDAIA) has launched a revamped identity for the third edition of the Global Artificial Intelligence Summit (GAIN), which will take place in Riyadh from September 10-12, 2024. This year’s summit, themed ‘For the Good of Humanity,’ explores AI technologies’ transformative potential and

Cybersecurity Gitex

Chainalysis: Romance and address poisoning scams on the rise

News Desk 01/09/2024

As average lifespan of scams falls Cryptocurrency-related scams are surging in 2024, with billions of dollars flowing into fraudulent schemes, according to a new study by Chainalysis. The study by the New York, US-headquartered blockchain data company reveals that these scams are evolving, significantly shifting toward more targeted attacks. Chainalysis’ report

Cybersecurity Gitex

September 1 is International Women in Cyber Day

News Editor 2 01/09/2024

Day for celebration and call to action September 1 marks a significant occasion in the global calendar—International Women in Cyber Day (IWCD). Established to honour the achievements and contributions of women in cybersecurity, this day serves as both a celebration and a call to action for greater inclusion and recognition in a field traditionally dominated […]

Corporate

Cathay Pacific to buy back warrants from HKSAR government

Arnold Pinto 01/09/2024

After thorough negotiations Cathay Pacific Airways (Cathay) has agreed to repurchase all the warrants previously issued to the Hong Kong Special Administrative Region (HKSAR) government. The transaction will involve a minimum total consideration of HK$1,531,828,439.28. However, the final amount will be adjusted based on share price fluctuations during a specified period

Defence & Security

US Navy rescues 2 Iranians in Gulf of Oman

Arnold Pinto 01/09/2024

Given humanitarian assistance at sea The US Navy rescued two Iranian civilian sailors in the Gulf of Oman on August 23, 2024. The Iranians were rescued by personnel from the USS Theodore Roosevelt Carrier Strike Group 9 (CSG9), currently engaged in routine operations in the area. According to US Central Command (USCENTCOM), on August 23, […]

Logistics

AD Ports Group becomes majority owner of Tbilisi Dry Port

Arnold Pinto 31/08/2024

With 60% stake acquisition AD Ports Group has acquired a majority 60% stake in Tbilisi Dry Port in Georgia. The stake acquisition fortifies AD Ports Group’s strategic position in the Middle trade corridor, enhancing connectivity between Western Asia and Eastern Europe through a comprehensive network spanning Kazakhstan, Azerbaijan, Armenia, Georgia, and Turkey. The Tbilisi

Gitex Tech

SearchGPT will transform information retrieval with advanced AI

News Editor 2 31/08/2024

OpenAI system is in beta mode OpenAI is testing SearchGPT, a temporary prototype of new AI search features that provide fast, timely answers with clear and relevant sources. With the user at the forefront, SearchGPT is set to revolutionise information retrieval, making it more intuitive, efficient, and personalised. Its launch will signify a significant advancement in

Sustainability

Breakthrough made in chemical plastics recycling

News Editor 2 31/08/2024

By ETH Zurich scientists Scientists at ETH Zurich, a public research university in Zurich, Switzerland, have significantly advanced chemical plastics recycling, potentially transforming how the world handles plastic waste. The research team, led by Professor Javier Pérez-Ramírez, has unveiled critical insights into recycling, emphasising the pivotal role of stirring

Gitex Telecom

Nokia expands its R&D footprint in India

Arnold Pinto 31/08/2024

With largest fixed networks lab in Chennai Nokia has unveiled plans to expand its fixed networks Research and Development (R&D) facility in Chennai, Tamil Nadu, India. The new lab will be the largest within Nokia’s fixed networks division and one of the largest globally. The expansion, facilitated with the support of the Tamil Nadu state […]

Sport

Equiti teams up with Al Wahda Football Club

News Editor 2 30/08/2024

In major sponsorship deal Equiti, a global fintech group, has sponsored Al Wahda Football Club, one of Abu Dhabi’s premier football teams. The strategic partnership marks Equiti’s official entry into sports sponsorship, highlighting its dedication to supporting local talent and fostering community spirit in the United Arab Emirates. Equiti will serve as a sleeve

Space

Blue Origin completes 26th suborbital spaceflight mission

Arnold Pinto 30/08/2024

Six astronauts return safely Blue Origin, the space company founded by Jeff Bezos, completed its eighth human suborbital spaceflight on August 29, 2024, and the 26th flight for the New Shepard rocket programme. Travelling in a pressurised crew capsule, the astronaut crew included Nicolina Elrick, Rob Ferl, Eugene Grin, Dr Eiman Jahangir, Karsen Kitchen, and […]

Aviation Defence & Security

Lockheed Martin unveils Poland’s first F-35A

Arnold Pinto 30/08/2024

Set for key role in NATO’s defence strategy Lockheed Martin showcased Poland’s inaugural F-35A Lightning II fighter aircraft at an event held at the company’s F-35 production facility in Fort Worth, Texas, on August 28, 2024. The event underscored a significant enhancement in the Polish Air Force’s capabilities and reinforced the strategic partnership between

Oil & Gas

QatarEnergy and KPC sign 15-year LNG supply agreement

Arnold Pinto 30/08/2024

Involving 3 MTPA to Kuwait QatarEnergy and Kuwait Petroleum Corporation (KPC) have formalised a 15-year LNG Sale and Purchase Agreement (SPA) for the delivery of up to 3 million tons per annum (MTPA) of liquefied natural gas (LNG) to Kuwait. The agreement, which underscores the growing energy collaboration between the two Arabian Gulf states, was […]