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Samsung aims to manufacture the most advanced chips

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 …

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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. …

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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 …

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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 …

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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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