Author: News Desk
The UAE government has reminded private companies to meet Emiratisation targets by December 2024. From January 1, 2025, companies that don’t comply will face heavy fines. What is Emiratisation? Emiratisation is a government initiative aimed at increasing the number of Emiratis in the workforce. The policy encourages businesses to hire Emirati nationals, especially for skilled jobs. Key Requirements for Companies Private sector businesses with 50 or more employees must increase their Emirati workforce by 2% by the end of 2024. For every Emirati position left unfilled, companies will be fined Dh96,000. Additionally, companies with 20 to 49 employees in certain…
Saudi Arabia has implemented a significant decision aimed at protecting the integrity of religious and national symbols. The government has introduced a ban on using these symbols for personal and commercial purposes, as announced by Commerce Minister Dr. Majid al-Qasabi. Purpose of the Decision The primary objective behind this decision is to prevent the misuse of national and religious symbols, ensuring that their sanctity is upheld. According to Dr. al-Qasabi, there have been repeated instances of misuse, prompting the need for this action. Restrictions Imposed The ban applies to the national flag, the Islamic Declaration of Faith, and symbols such…
After nearly three decades of marriage, legendary music composer AR Rahman has separated from his wife, Saira Banu. As news of their separation spreads, discussions about Rahman’s massive fortune and earnings are taking center stage. The Oscar-winning composer, known for his global influence in music, has an estimated net worth ranging from ₹1,728 crore to ₹2,000 crore. Reports suggest that Rahman is the highest-paid male singer in India, commanding a staggering ₹3 crore per song. AR Rahman’s Sources of Income From scoring films to global concert tours, endorsements, and entrepreneurial ventures, AR Rahman’s diverse sources of income have cemented his…
The Ministry of Heavy Industries (MHI) has announced the reinstatement of subsidies for electric three-wheelers under the PM E-Drive Scheme, following the exhaustion of the annual subsidy allocation for FY25. This move comes after a temporary halt in the disbursement of incentives due to the cap being reached for the fiscal year. Subsidy Allocation and Funding Increase To address this, the MHI has allocated additional funds from the overall budget of the PM E-Drive Scheme to support electric three-wheelers. The scheme, which was introduced in October 2024, aims to boost the adoption of electric vehicles (EVs), enhance charging infrastructure, and…
Amid the buzz surrounding Keerthy Suresh’s rumored wedding, all eyes are on Antony Thattil. But who is the man set to tie the knot with one of South India’s most celebrated actors? A Businessman With Roots in Kochi Antony Thattil is a Dubai-based businessman with strong connections to his hometown, Kochi, Kerala. He reportedly owns a prominent chain of resorts in Kochi and also runs a couple of businesses registered in Chennai, where Keerthy hails from. Despite his success, Antony is known for maintaining a low profile, staying away from the public eye. A Private Person Unlike Keerthy, who is…
Hyderabad-based Divi’s Laboratories became a household name during the COVID-19 pandemic. The surge in demand for Molnupiravir, an antiviral drug, catapulted the company’s success, making its founder and Managing Director, Dr. Murali Krishna Prasad Divi, the richest man in Hyderabad. The Early Struggles of Dr. Divi Born in a small village in Andhra Pradesh’s Krishna district, Dr. Divi was the youngest of 13 siblings in a financially struggling family. Despite a tough childhood and limited resources, he pursued higher education. However, his academic journey was not smooth—he failed his Class 12 exams and faced challenges during his BPharm course. In…
David Beckham, a global icon both on and off the football field, has built a remarkable fortune over the years through his successful soccer career, lucrative sponsorships, and diverse business ventures. As of 2024, his estimated net worth stands at $450 million. This wealth is not only the result of his time as one of the world’s most famous footballers but also from his strategic investments and endorsement deals. David Beckham’s Career and Rise to Fame David Beckham’s career began at Manchester United in the mid-90s, where his skill, work ethic, and marketability made him a star. His most famous…
The KSR Bengaluru City Railway Station is poised for a grand transformation, with a ₹1,500-crore redevelopment project in the works. Modelled after the world-class amenities of Kempegowda International Airport (KIA), this makeover aims to elevate the station into a state-of-the-art transportation hub. Union Minister of State for Railways, V Somanna, shared updates on the project, noting that the Detailed Project Report (DPR) has been submitted to the Railway Board for approval. The redevelopment will utilise the station’s expansive 160-acre space, introducing modern facilities to enhance the passenger experience, akin to an international airport. Boosting Local Employment Beyond its infrastructural upgrades,…
Educators in the UAE are advocating for the integration of Artificial Intelligence (AI) into school curricula, emphasising the need to prepare students for a rapidly changing digital landscape. According to a study by PowerSchool and YouGov, over 90% of educators in the UAE and Saudi Arabia believe AI and other advanced technologies are essential for improving learning outcomes. Why Teaching AI is Crucial Teachers underline the importance of introducing AI education from an early age. Louis La Grange, head of Science and ICT at Uptown International School, supports teaching AI, coding, and robotics based on age. “For younger students, tools…
On Tuesday, SpaceX’s Falcon-9 rocket successfully launched from Cape Canaveral Space Force Station, Florida, placing India’s Gsat-20 (Gsat-N2) satellite into orbit. The mission, which launched at 12:01 AM as scheduled, saw the satellite separate from the rocket about 34 minutes later and achieve its intended orbit. About Gsat-20 Satellite Weighing 4,700 kg, the Gsat-20 satellite is designed for a 14-year mission and is a major leap in satellite communication technology. Equipped with cutting-edge Ka-band technology, Gsat-20 aims to transform broadband and in-flight connectivity across India. As per ISRO, this high-throughput satellite is a significant upgrade to the nation’s communication infrastructure.…