Business travellers to Dubai are starting to favour AirBnB properties over hotel stays, with occupancy rates averaging 75 to 85 per cent.
That's according to Anna Skigin, CEO of Frank Porter, which manages AirBnB apartments in Dubai.
With approximately 5,000 units listed, Anna told ARN News that they offer more than just a hotel room.
Netflix cuts about 6% of jobs in biggest layoff since 2022, WSJ reports
Netflix is cutting about 6 per cent of its workforce, or roughly 1,000 jobs, in its biggest round of layoffs since 2022, the Wall Street Journal reported on Wednesday, citing an email sent to employees.
Sheikh Maktoum meets Bank of America's Bernard Mensah
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, has explored opportunities for cooperation in the banking sector during talks with Bernard Mensah, President of International for Bank of America.
Small AI models near self-replication, Anthropic warns
Small AI models may be only months away from being able to copy themselves onto everyday internet-connected devices, such as smart ovens and cheap Android TV boxes, according to research published by Anthropic on Monday.
H.H. Sheikh Hamdan praises progress of Dubai Cashless Strategy
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has praised the progress of the Dubai Cashless Strategy, with cashless transactions now accounting for 90.1 per cent of all transactions in the Emirate.
DIEZ doubles size of Oraseya Capital fund to AED1 billion
The Dubai Integrated Economic Zones Authority (DIEZ) has announced the doubling of the venture capital fund managed by its investment arm, Oraseya Capital, from AED500 million to AED1 billion.
