Business

Tesla Inc chief and billionaire entrepreneur Elon Musk on Thursday took to Twitter to promise a USD 100 million prize for development of the "best" technology to capture carbon dioxide emissions.

Emirates flights to Copenhagen have been suspended following a "directive" from the Danish authorities.

Alphabet Inc's Google said on Friday it would block its search engine in Australia if the government proceeds with a new code that would force it and Facebook Inc to pay media companies for the right to use their content.

Emirates Airline has confirmed plans to restart passenger services to Sydney, Melbourne and Brisbane, following a brief suspension.

The Dubai-based carrier, flydubai, has announced the resumption of flights to the Qatari capital from Tuesday, January 26.

Etihad Airways has announced plans to restart passenger services between Abu Dhabi and Doha.

British luxury brand Burberry said underlying sales fell 9% in the three months ended December as the COVID-19 pandemic closed shops and meant fewer tourists visiting its European stores.

Etihad Cargo has reported a 50 per cent year-on-year rise in pharma shipments under its specialized PharmaLife product.

The Abu Dhabi Executive Council has approved a framework between Abu Dhabi Government and Aldar Properties for the development of capital projects in the emirate worth AED 40 billion.

Dubai’s Consumer Confidence Index during the last quarter of 2020 reached its highest level in more than three years.

The UAE is reinforcing its commitment to sustainable development in global post-COVID-19 economic recovery.

Employees in the UAE want more comprehensive health coverage in the wake of the COVID-19 pandemic, according to new research from Aetna International.

Dubai Electricity and Water Authority (DEWA) and Emirates Global Aluminium (EGA) have joined hands to make the UAE the first country in the world to produce aluminium using the power of the sun.

The number of passengers flying with Russian airlines in 2020 fell 46% year on year, the aviation authority said on Monday, reflecting the impact of the coronavirus pandemic.

Emirates Group has rolled out a COVID-19 vaccination programme for its UAE-based workforce.

After a judge handed down a 30-month sentence for bribery and other charges, Samsung Electronics vice chairman Lee Jae-yong is expected to return to the same prison where he had spent a year in 2017-2018.

A team of researchers at Khalifa University of Science and Technology in Abu Dhabi, has launched an app to collect data from smartphone users to identify if they are in the COVID-19 ‘high risk’ category.

Businesses can now file complaints using the Dubai Consumers app.

Final preparations are underway in the UAE ahead of a major week-long virtual migration summit starting on Monday, January 18.

Emirates Airline has suspended flights to and from Sydney, Brisbane and Melbourne.

Field inspections by Dubai Economy across open markets and commercial outlets revealed 9 violations of the precautionary guidelines against COVID-19 on Thursday.

Samsung has unveiled its flagship Galaxy S smartphone's latest models, more than a month ahead of its usual annual release schedule.

Emirates Airline has announced it would temporarily suspend all flights to and from South Africa, from Saturday, due to operational reasons.

Air Arabia is set to resume direct flights to Qatar.

President Donald Trump has signed an order, strengthening a November ban on US investments in alleged Chinese military companies, the White House said on Wednesday, curbing Chinese access to US capital markets days before he leaves office.

Emirates Post Group (EPG) has added Israel to its global operations network.

There has been a dip of 35 per cent in the commercial complaints filed in Dubai in 2020. This was revealed by Dubai Economy that received 500 complaints in addition to 609 business enquiries in the previous year.

Expo 2020 Dubai has been awarded the British Safety Council’s Sword of Honour, in recognition of the organisation’s dedication to ensuring the health, safety and well-being of its workforce.

Etihad Airways, the national airline of the UAE, has been awarded the Diamond status in the inaugural ‘APEX Health Safety, powered by SimpliFlying’ audit, for their efforts in ensuring the highest standards of cleanliness and sanitisation.

US job openings fell moderately in November, but mounting layoffs amid rampant COVID-19 infections supported views that the labour market recovery from the pandemic was stalling.

DP World’s port-centric logistics arm Smart Solution Logistics FZE (SSL) has signed an agreement with Israel-based Allalouf Logistics to explore new growth opportunities.

As many as 9,913 business licences have been issued in the UAE during the first week of 2021.

Abu Dhabi Ports have announced a freeze on rents for all businesses in its Industrial Cities and Free Zone cluster.

Dubai South's Business Park attracted 650 new companies and achieved 122 per cent growth in occupancy in 2020 despite the challenges triggered by the COVID-19 pandemic.

Emirates flights to Hong Kong have been suspended for two weeks following a "directive" from the Asian state.

The number of passengers travelling through Dubai airports crossed 17 million in 2020.

Infrastructure projects valued at AED 10 billion are currently underway along the East Coast of the UAE.

Europe's Airbus posted stronger-than-expected deliveries of 566 jets in 2020, remaining the world's largest planemaker as a year of pandemic-induced upheaval for air travel coincided with a grounding crisis at US rival Boeing.

Shares of Tesla Inc jumped as much as 5.6 per cent on Friday, pushing the electric-car maker’s market capitalization to more than USD 800 billion for the first time ever and inching closer to the trillion dollar club.

Owners of the two biggest mobile app stores took action on Friday against the Parer social networking service because of posts inciting violence, with Alphabet Inc's Google removing it and Apple Inc warning it may do the same.

Tesla Inc chief and billionaire entrepreneur Elon Musk surpassed Amazon.com Inc's top boss Jeff Bezos to become the world's richest man, Bloomberg News reported.

Etihad Aviation Training (EAT) has signed a contract with Israir Airlines to offer Full-Flight Simulator pilot training for the latter's Airbus A320 pilots.

Twitter, Facebook and Snap temporarily locked the accounts of US President Donald Trump, as tech giants scrambled to crack down on his baseless claims about the US presidential election.

Dubai has approved a fifth economic package worth AED 315 million to mitigate the effects of the global health crisis on businesses.

The Hays 2021 GCC Salary & Employment Report says 82 per cent of companies in the Gulf region are already in recovery following the COVID-19 pandemic.

The UAE-Canada Business Council has been discussing ways to enhance bilateral ties in the health sector and building research capabilities in the post-COVID-19 period.

US President Donald Trump has signed an executive order banning transactions with eight Chinese software applications, escalating tensions with Beijing before President-elect Joe Biden takes office.

Starting today, travellers can snap up two Etihad Airways tickets for the price of one.

OPEC+ resumes debate on Tuesday after talks stumbled over February policy, as Russia led calls for higher output while others suggested holding or even cutting production due to new lockdowns.

DMCC, the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise, registered a record-breaking 2,025 new companies in 2020.

The Sharjah National Oil Corporation (SNOC) and its partner Eni, have announced the start of gas production from the Mahani Field, in Sharjah Area B.

High-level talks on cooperation between the UAE and Israel in the water sector have been taking place in Dubai.

The number of people killed in large commercial airplane crashes rose in 2020 to 299 worldwide, even as the number of crashes fell by more than 50 per cent, a Dutch consulting firm said on Friday.

Apple on Tuesday launched the iPhone 12 with faster 5G connectivity, which the company hopes will spur a wave of upgrades and keep its sales booming through the end of the year.