Samsung said it aims to make some of the world’s most advanced semiconductors within five years, as the race heats up between the South Korean electronics giant and the world’s largest chip maker TSMC. The company laid out a roadmap for its chip production plans, and said it would start …
Read More »Mohamed bin Zayed receives a delegation of teachers and confirms their pivotal role in building nations
His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the State, “may God protect him”, affirmed that the only option for the UAE, now and in the future, is qualitative, not quantitative, education in accordance with the highest quality standards, stressing that investing in education and graduating distinguished cadres …
Read More »Sultan Al Jaber: Continuing investment in oil and gas is a fundamental necessity to ensure energy security and sustainable economic growth
During his participation in the Energy Intelligence Forum, Sultan Al Jaber: • It is not possible to immediately abandon the current energy system before developing and operating a new system. • Hydrocarbon resources play a key role in providing practical and logical solutions to the transition in the energy sector. …
Read More »UAE shares continue to rise .. and “Multiplay” rises 1.3% at the opening
The UAE stock market indices rose at the beginning of Wednesday’s session, with the Dubai market rising by 0.75% at 3405 points, and the Abu Dhabi market index by 0.40% at the level of 9918 points. The rise in Abu Dhabi was led by “Multiplay”, which rose 1.3%, and “energy”, …
Read More »The UAE strengthens cooperation with international companies to accelerate digital transformation
The Office of the Minister of State for Artificial Intelligence, Digital Economy and Remote Work Applications signed a memorandum of understanding in cooperation with Cisco, the global leader in the field of networks, cooperation and cybersecurity, with the aim of promoting joint work in designing and launching initiatives that contribute …
Read More »The Kremlin: We refrain from participating in the West’s nuclear talks
The Kremlin said on Tuesday it did not want to participate in the nuclear talks launched by the West, after reports in the media that Russia was preparing to show its willingness to use nuclear weapons in its conflict with Ukraine. a lot of talk In response to Western media …
Read More »Vitol expects Brent crude to approach $100 by the end of 2022
Chris Beck, a member of Vitol’s executive committee and chairman of VTTI, said Wednesday that he expects Brent crude to be close to $100 a barrel by the end of the year. Beck added that the market value of Brent crude ranges between 80 and 100 dollars per barrel. Oil …
Read More »UAE newspaper editorials
The local newspapers issued this morning, in their editorials, highlighted the Arab Media Forum, which formed an arena for constructive dialogue aimed at emphasizing the ability of Arab media institutions to keep pace with global changes and contribute to media development in the region. It reflects the great efforts made …
Read More »Paris begins nationalizing giant EDF
France on Tuesday launched the full acquisition of the debt-laden National Electricity Company, which will lead efforts to relaunch the country’s nuclear reactor industry. The French state, which currently owns 84 percent of EDF, submitted the acquisition offer to the Financial Markets Regulatory Authority, which is the first step to …
Read More »UAE PMI at second highest since 2019
September Purchasing Managers’ Index (PMI) data from S&P Global showed business conditions improving at a robust pace once again across the UAE’s non-oil economy, as robust growth in new business continued to drive production and employment increases. Firms also faced relatively moderate price pressures, with input costs rising only slightly …
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