The UAE has taken a significant step towards sustainable development with the launch of its first Green Innovation District at Expo City Dubai. This initiative aims to integrate the nation’s economic and environmental objectives, fostering a framework for sustainable growth and innovation. A Hub for Clean Technology The Green Innovation District is a collaborative effort…
The UAE has solidified its position as a major player in African investments, ranking fourth globally in total investment volume. With over $110 billion invested between 2019 and 2023, the UAE is focusing on sustainable sectors, particularly renewable energy, which accounts for a significant portion of this investment. Investment Highlights Abdulla bin Touq Al Marri,…
In a show of solidarity and respect, leaders from the United Arab Emirates have expressed their condolences to Saudi Arabia’s King Salman bin Abdulaziz Al Saud following the death of Princess Haifa bint Turki bin Mohammed bin Saud Al Kabir. This gesture reflects the strong ties between the two nations and their commitment to supporting…
As Hurricane Melissa approaches Jamaica, officials are sounding alarms about the potential for widespread destruction. With maximum wind speeds reaching 280 km/h (175 mph), this Category 5 storm is poised to be one of the most powerful hurricanes in the island’s history. Residents are urged to seek higher ground and evacuate to shelters as the…
OpenAI has made a significant move by offering a complimentary year of its ChatGPT Go plan to new users in India. This initiative signals the company’s commitment to establishing a strong presence in the Indian market, which is increasingly recognized as a key player in the global AI landscape. Details of the Offer Starting November…
Residents of Dubai are facing a new cyber threat that is rapidly gaining traction. Dubbed “Quishing,” this form of phishing exploits QR codes to deceive individuals into revealing sensitive personal and financial information. The Dubai Cyber Security Center has issued a warning, urging the public to remain vigilant against this emerging danger. Understanding Quishing Quishing…
Gold prices in Dubai have continued to decline, remaining below the Dh500 mark. As of Tuesday morning, the price for 24-karat gold was recorded at Dh481.25 per gram, while 22-karat gold was priced at Dh445.50 per gram. This downward trend reflects broader market dynamics and investor sentiment. Global Market Influences The recent drop in gold…
Amazon is set to reduce its workforce by approximately 30,000 office positions as part of a broader strategy to cut costs and enhance investments in artificial intelligence (AI). This decision comes as the company aims to streamline operations and improve efficiency in a competitive market. Job Cuts Overview The planned layoffs will affect nearly 10%…
As Hurricane Melissa approaches Jamaica, the island braces for what could be its most powerful storm on record. With sustained winds of 175 miles per hour, this Category 5 hurricane poses a serious threat to life and property, prompting widespread evacuations and emergency preparations. Current Situation Meteorologists have indicated that Hurricane Melissa is intensifying as…
The Bangko Sentral ng Pilipinas (BSP) is contemplating the sale of some of its gold reserves, as a central bank official suggests that current holdings may be excessive. With gold prices experiencing volatility, the timing appears favorable for the BSP to consider profit-taking on its investments in the precious metal. Current Gold Holdings and Market…