Turkey, which has limited domestic oil and gas reserves, is increasingly turning to biofuels as a potential solution to meet its energy needs. While the country’s renewable energy sector relies heavily on hydro, wind, and solar, biofuels—derived directly from organic materials like wood or plant matter—are…
Alibaba has revealed plans to allocate over $50 billion toward artificial intelligence (AI) and cloud computing over the next three years. This announcement comes just one week after co-founder Jack Ma was spotted meeting with President Xi Jinping. According to the company’s statement, Alibaba intends to…
Several U.S. federal agencies, including those led by prominent allies of former President Donald Trump, have pushed back against Elon Musk’s attempt to require employees to justify their work achievements or face potential job loss. This resistance hints at a growing divide between key Trump administration…
UAE-based renewable energy company Amea Power has signed an agreement with the Egyptian Electricity Transmission Company to develop two large-scale battery storage facilities in Egypt. The project, which aims to enhance the country’s renewable energy infrastructure, will have a combined storage capacity of up to 1,500…
Dubai’s Virtual Assets Regulatory Authority (Vara) is closely monitoring the aftermath of a $1.4 billion hack at Bybit, one of the world’s largest cryptocurrency exchanges. The attack, which occurred on February 21, exploited a smart contract during a routine transfer between Bybit’s «cold» and «hot» wallets.…
Emirates is set to increase its presence in China with new destinations and expanded services, as part of its ongoing network review. The airline plans to introduce daily flights to Shenzhen, utilizing Boeing 777 widebody jets, by mid-year, according to sources familiar with the plans. However,…
The Capital Markets Board (SPK) has launched an investigation into «unusual price fluctuations» on Borsa Istanbul. According to a statement released on February 21, both the SPK and Borsa Istanbul are reviewing the transactions of all institutions involved. The purpose of the investigation is to determine…
Saudi Arabia is focusing heavily on high-end tourism to establish itself as a premier global destination, with plans to invest $800 billion in expanding its tourism sector. The country has partnered with Arsenale Group, known for Italy’s La Dolce Vita Orient Express project, to introduce the…
Restaurant and café owners in Jordan are urging the government to lift the ban on shisha, the popular waterpipe smoking device, after a noticeable decline in demand, particularly in tourist restaurants. The call comes as Jordan’s tourism sector struggles, with figures showing a 4% drop in…
SalamAir, Oman’s first low-cost airline, has announced plans to grow its fleet by adding 10 new aircraft over the next three years, driven by a rising demand for affordable travel. The airline has officially requested 10 Airbus A320 planes from various leasing companies as part of…
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