Economy

Suppliers brace for Musk’s request for givebacks as Tesla sparks electric vehicle price battle

Suppliers of Tesla Inc are preparing for increased pressure from CEO Elon Musk and the…

Metaverse projected to generate $15bn annually for GCC countries

As governments continue to implement steps to tap into the potential of the developing technology,…

12th Edition of Digital Transformation Summit: UAE 2022

With a vision to engage, empower and support an advanced economy that is proactive, customized, collaborative and secure, The Digital Transformation Summit: UAE is uniting both public and private sectors to form alliances and facilitate cooperation opportunities towards enhancing the digital transformation ecosystem. The event will be elated with insightful sessions by qualified speakers hosting a vast experience in the Digital Transformation domain.

Elon Musk to decelerate hiring at Tesla and cut 10% of jobs

Tesla chief executive Elon Musk has a “super bad feeling” about the economy and wants…

GCC countries can add $255 bln to their economies through technology

GCC countries can add $255 billion to their economies by 2030 and reach the level…

Dubai’s Metaverse Strategy to help 42,000 jobs become virtual, adds $4 billion to its economy by 2030

The Dubai Metaverse Strategy, which was announced by the Dubai Ruler Sheikh Mohammed bin Rashid Al…

Hisense receives the ‘Dubai Quality Global Award’ certified by the Vice President of the UAE

Reportedly, Hisense has been honoured by the Department of Economy and Tourism (DET) in Dubai with the…

More than half of UAE consumers plan to go cashless by 2024

More than half of the UAE consumers who responded to a survey plan to be…

Mubadala and Abu Dhabi Gaming sign deal to develop an eSports ecosystem in the UAE

Mubadala Investment Company and Abu Dhabi Gaming signed a preliminary agreement to develop an eSports…

Delta-based tech company Plstka to expand across Egypt following new funds

Plstka, an Egypt-based Tech startup successfully closes an undisclosed Seed funding round from Alexandria Angels…