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 company's leadership team to reduce…

1 year ago

Metaverse projected to generate $15bn annually for GCC countries

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

1 year ago

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 to cut about 10 per…

2 years ago

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 of advanced digital economies through…

2 years ago

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 Maktoum earlier this month, aims to…

2 years ago

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 coveted Dubai Quality Global Awards…

2 years ago

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 cashless by 2024 compared to…

2 years ago

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 ecosystem in Abu Dhabi in…

2 years ago

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 Network with a matching fund…

2 years ago

TII and ASPIRE to lead UAE’s transition toward a knowledge-based economy

The UAE is one of the region’s most innovative nations with an excellent human capital pool and top-tier scientific and…

2 years ago