Malaysia, Singapore collaborate to develop special economic zone
Malaysia and Singapore decided to collaborate in creating a special economic zone (SEZ) in the state of Johor in…
BOROUGE, NAFFCO sign AED160 mln supply contract
Borouge Plc, a top global petrochemical firm, declared on Thursday the signing of an AED160 million deal with…
ABB buys Swiss tech company to boost industrial robots
ABB bought Sevensense, a Swiss start-up specialising in boosting the mobility of industrial robots, in the latest…
FAB launches 1st global Sukuk in ‘24
First Abu Dhabi Bank (FAB) issued on Thursday a five-year Sukuk worth $800 million at a rate of U.S. Treasury +85…
Google lays off hundreds of employees to cut costs
Alphabet’s Google announced it would lay off hundreds of employees across various teams as the company continues to…
Global electric car sales rise 31% in ‘23
The global fully electric and plug-in hybrid car sales soared by 31 per cent in 2023, down from 60 per cent growth…
Uber, KIA sign EV partnership
Uber, the U.S. ride-hailing platform, signed a partnership with South Korea’s KIA to produce electric vehicles…
Global renewable energy capacity to grow next 5 years – IEA
Global renewable energy capacity is expected to see fastest growth yet next five years, said the International…
Thomson Reuters offers $627 mln for Pagero acquisition
Thomson Reuters Corporation announced a recommended public tender offer to acquire 100 per cent of Swedish…
China auto exports surge 58% in ‘23
China’s auto exports surged 58 per cent last year to 4.91 million units, Bloomberg reported citing China…
