Business

A total of 50 private sector job opportunities have been announced for Emiratis during a highly successful Career Open Day held at the Al Khawaneej Majles.

Tokyo-based startup Innovative Space Carrier Inc. will develop a reusable satellite launch rocket in partnership with a US rocket engine maker, aiming for commercial use by around 2030.

Reddit has partnered with OpenAI to bring its content to popular chatbot ChatGPT sending the social media platform's shares up 12 per cent in extended trade.

Emirates Airline will resume services to Nigeria from October 1, 2024, operating a daily service between Lagos and Dubai.

Two brothers have been arrested on US charges that they carried out a cutting-edge scheme to exploit the Ethereum blockchain's integrity and steal AED 91 million ($25 million) worth of cryptocurrency in a matter of seconds.

The Board of Directors at Dubai's TECOM Group has approved a strategic acquisition and development plan to support its next phase of growth.

Dubai has further reinforced its position as the world’s leading hub for foreign direct investment (FDI).

Etihad Airways carried more than 5.7 million passengers in the first four months of 2024, new figures show. Over 1.4 million people were carried by the airline in April alone.

Air Arabia's first quarter turnover increased eight per cent to AED 1.54 billion and showed a 13 per cent increase in the number of passengers carried to 4.4 million.

Melinda French Gates is leaving the charitable foundation she co-founded with former spouse Bill Gates more than 20 years ago and will get $12.5 billion for her own work to uplift women and families, she said on Monday.

Emirates Group has announced a generous profit-sharing plan for employees, after it posted a record profit of AED 18.7 billion for the financial year ended March 31, 2024.

The UAE's Mubadala Energy announced on Monday its second consecutive significant gas discovery in South Andaman, Indonesia.

Emirates Group has reported its best-ever financial performance with record profits of AED 18.7 billion ($ 5.1 billion).

The UAE has once again been recognised as the global leader in Fibre to the Home (FTTH) penetration, marking the eighth consecutive year the country has held the top position with a penetration rate of 99.3 per cent, the FTTH Council announced in its latest annual report.

ADNOC Drilling has reported a 26 per cent year-on-year growth in first-quarter profits to $275 million.

Starlink, the satellite arm of Elon Musk's SpaceX, warned on Saturday of a "degraded service" as the biggest geomagnetic storm batters the Earth due to solar activity in two decades.

US Energy Secretary Jennifer Granholm will visit Saudi Arabia and the United Arab Emirates next week to work on "climate cooperation" and other issues.

Britain's economy grew by the most in nearly in three years in the first quarter of 2024, ending the shallow recession it entered in the second half of last year anddelivering a boost to Prime Minister Rishi Sunak ahead of an election.

Spinneys 1961 Holding PLC, an operator of premium grocery retail supermarkets under the Spinneys, Waitrose and Al Fair brands in the UAE and Oman, started trading on Thursday on the Dubai Financial Market (DFM).

ADNOC Distribution released strong Q1 2024 financial results, showing an 18 per cent year-on-year increase in EBITDA to $248 million.

After 55 years in the travel retail industry and 41 at the helm of Dubai Duty Free (DDF), Colm McLoughlin, Executive Vice Chairman & CEO has announced that he is stepping down from his role on May 31, 2024.

More than 4.2 million passengers travelled through Sharjah Airport in the first quarter of 2024, marking a 10 per cent year-on-year increase.

His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority (DCAA), Chairman of Dubai Airports, and Chairman and Chief Executive of Emirates Airline and Group, says he expects passenger traffic at Dubai International Airport to exceed 90 million by the end of this year.

Apple on Tuesday introduced a new chip called the M4 that it said would outclass personal computers designed for artificial intelligence - but put the new chip in an iPad Pro model rather than a laptop.

Jumeirah has unveiled a new brand identity as part of its growth strategy to double the size of its portfolio by 2030.

The UAE's tourism industry is projected to account for 12 per cent of the country's Gross Domestic Product (GDP) this year, while employment in the sector will increase to 833,000 from 809,000 in 2023.

Emirates Airline has confirmed plans to refit 43 Airbus A380s and 28 Boeing 777 aircraft as part of its modernisation programme.

Arabian Travel Market (ATM), the leading global event for the travel and tourism sector, has returned to the Dubai World Trade Centre for its 31st edition.

Eight thousand decision-makers, over 300 thought leaders and more than 200 exhibitors have gathered at Dubai's Madinat Jumeirah for the Dubai FinTech Summit, which kicked off on Monday,

Qantas Airways has agreed to pay AED 290 million ($79 million) to settle a regulator lawsuit over the sale of thousands of tickets on already cancelled flights, in an attempt to end a reputational crisis that has engulfed the airline.

Warren Buffett's Berkshire Hathaway Inc posted a record quarterly profit on Saturday, bolstered by a significant increase in income from insurance underwriting.

The Ministry of Investment of the UAE and the Ministry of Digital Technologies of the Republic of Uzbekistan have signed an investment memorandum, establishing a framework for investment cooperation in digital infrastructure with a focus on data centre and artificial intelligence projects in Uzbekistan.

Dubai's TECOM Group has announced a 15 per cent year-on year (YoY) growth in net profit to AED 293 million for the three month period ended March 31, 2024.

Sony Pictures Entertainment (SPE) and Apollo Global Management APO.N have made a $26 billion cash offer for Paramount Global, the Wall Street Journal reported.

The UAE and Iran have explored ways to expand economic cooperation in sectors such as tourism, transport, entrepreneurship and renewable energy.

Changpeng Zhao, the former chief executive of Binance has been sentenced to four months in prison after pleading guilty to violating US laws against money laundering at the world's largest cryptocurrency exchange.

Emirates Airline has announced significant changes to its pilot recruitment strategy, which includes higher salaries, new roles and a radical change to eligibility.

Supermarket chain Spinneys has announced its decision to increase the number of shares allocated to the UAE Retail Offering of its IPO due to high demand.

The disbursement of $1.1 billion by the International Monetary Fund (IMF) will help Pakistan achieve greater economic stability, Prime Minister Shehbaz Sharif said on Tuesday, amid discussions for a new loan programme.

The UAE and Ukraine have concluded the terms of a Comprehensive Economic Partnership Agreement (CEPA).

Tesla CEO Elon Musk arrived in Beijing on Sunday for a surprise visit, where he is expected to meet senior officials to discuss the rollout of Full Self-Driving (FSD) software and permission to transfer data overseas.

Expo 2020 Dubai has reaffirmed its commitment to gender equality and women’s empowerment.

Expo 2020 Dubai and the United Nations Global Compact are joining forces to hold a Sustainable Development Goals Business Forum.

More than 2,500 online travel agents, tour operators, hotel groups and airlines have signed on as Authorised Ticket Resellers (ATRs) for Expo 2020 Dubai.

A spectacular line-up of sights, sounds and tastes await visitors at Expo 2020 Dubai, through a series of specially curated itineraries.

Apple on Tuesday launched the iPhone 12 with faster 5G connectivity, which the company hopes will spur a wave of upgrades and keep its sales booming through the end of the year.