New Delhi: Nokia unveiled the findings of its annual Mobile Broadband Index (MBiT) report focused on the Indian market. The report sheds light on the surge in 5G data consumption, revealing that 5G users are consuming approximately 3.6 times more mobile data traffic compared to 4G users since the launch of 5G in October 2022. According…
BEIGING: China’s CNOOC Ltd. has made a major oilfield discovery in the Bohai Sea, adding over 100 million tonnes of oil equivalent proved in-place volume, the state-owned oil and gas giant said on Monday. The discovery was made at the Qinhuangdao 27-3 oilfield located in the north-central waters of the Bohai Sea, the company said in…
Marketers and advertisers can now finetune and personalise their campaigns As artificial intelligence (AI) increasingly enters every phase of our lives, it has also become a critical tool in the hands of marketers and advertisers to finetune and personalise their campaigns to target specific audiences. Excerpts: How has the integration of AI transformed traditional advertising…
UAE billionaire Mohamed Alabbar has reportedly signed an agreement with the government of Hungary to build a “Dubai-like neighbourhood” in Budapest in a deal worth up to $7 billion. Alabbar’s Eagle Hills Properties will be working with the Hungarian government to construct “tallest tower in Europe and a shopping mall” and develop a partially abandoned…
London: Shell weakened its 2030 emissions target Thursday in an annual update on its energy transition strategy. Shell said it will target a 15-20% reduction in net carbon intensity of its energy products by 2030 compared with 2016 levels. It had previously aimed for a 20% cut. Shell has been under pressure to slash its emissions…
An Indian businessman and philanthropist contributed Dh10 million to the Dh1-billion fund that Dubai is aiming to raise to honour mothers this Ramadan. Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, launched the Mother’s Endowment campaign, which allows individuals to make donations in their mothers’ names. The…
Top real estate developers Nakheel and Meydan will now fall under the umbrella of Dubai Holding, Sheikh Mohammed bin Rashid Al Maktoum announced on Saturday. This step, he said, comes as part of efforts to “consolidate and enhance the momentum of Dubai’s economic growth”. “The goal is to create a more financially efficient entity that…
Chennai: American semiconductor manufacturer Qualcomm has opened a design centre in Chennai. The centre was inaugurated by Union Minister for Information and Technology Ashwini Vaishnaw on Thursday, in the presence of the company’s President and CEO Cristiano R Amon. The US-headquartered multinational corporation, Qualcomm, is famed for designing and manufacturing semiconductors and wireless telecommunications products. “PM…
New Delhi: Prime Minister Narendra Modi held a conversation with his British counterpart Rishi Sunak and discussed the early conclusion of the Free Trade Agreement between India and the United Kingdom. The two leaders also affirmed their commitment to further bolster the bilateral Comprehensive Strategic Partnership between the two nations. “Had a good conversation with PM…
Islamabad : Amid the economic crisis, Pakistan Prime Minister Shehbaz Sharif vowed to get his country out of foreign debt, declaring that the country would get rid of the International Monetary Fund (IMF), Geo News reported. “We will get rid of IMF, InshaAllah,” the premier said while addressing the maiden meeting of the newly formed 16-member…
