Author: News Desk
In the United Arab Emirates, a new programme was started to support 100 companies in emerging industries. The initiative, started by the Ministry of Economy and Government Development and the Future Office, aims to support emerging economic sectors that will shape the UAE’s future economy, particularly startups that contribute to the national economy. By yearly honouring the top 100 startups that improve the competitiveness of the UAE’s future economy, it also recognises the achievements of the private sector as a significant partner in the country’s development. By utilising the UAE’s digital infrastructure, the programme also seeks to strengthen the UAE’s…
Art is ever-evolving. You can adopt any approach you find suitable. Your style makes your art unique. Dubai-based artist Amrita Sethi, who left her successful career in finance to pursue art, creates a multimedia art form called ‘Voice Note Art.’ Her artworks are based on speech. How does she make art out of voice notes? As the first step, she records herself speaking a word or phrase. Using that soundwave, she produces a computer-generated image that features various aspects of the word. She draws over the individual lines of the soundwave to create a picture that explains the meaning of…
Facebook parent Meta may remove news from its platform if US Congress passes media bill Lawmakers are considering enforcing the Journalism Competition and Preservation ActThe bill aims to help the struggling news industryIt will help news organisations negotiate with firms like Google and FacebookHowever, Meta says the bill does not acknowledge the benefits news organisations receive from the platformLocal news organisations are of opinion that they cannot afford to tolerate Big Tech’s abuseA similar Australian law caused a brief shutdown of Facebook news feeds in the country Tech firms such as Meta and Alphabet Inc have signed more than 30 deals with media outlets since the law came into force
India is expected to export mobile phones worth $9 billion in FY23In the previous year, it was $5.8 billionThe surge will be due to an increase in production and shipments By FY26, India aims to hit overall electronics manufacturing of $300 billionIndia produced electronics worth about $87 billion in FY22It is expected to reach $100 billion in FY23 India Cellular and Electronics Association (ICEA) released the data
The actor-turned-entrepreneur Twinkle Khanna’s internet venture, Tweak, has been acquired by The Good Glamm Group for an unknown sum, for a 51% interest. The acquisition would provide The Good Glamm Group access to the Tier I markets where Tweak has a significant presence, the firm said in a statement. Tweak is a digital platform that discusses problems and concerns that affect women. It raises numerous issues, ranging from relationships to sustainable living. The platform has over 466k Instagram followers and is extremely popular with ladies. In response to the news, Khanna stated, “This strategic relationship will provide Tweak India with…
The Bloomberg Billionaires Index has just arrived. As per the latest report, Elon Musk is the world’s richest person with a net worth of $189 billion. He is followed by Bernard Arnault and Family and Gautam Adani and Family. Let’s have a look at the profiles of the world’s new billionaires. 1. Elon Musk ($189 Bn) Elon Musk, an innovative and controversial figure, is the world’s richest person. For a long time, he has been attempting to revolutionise the world through his firms such as EV maker Tesla and rocket producer SpaceX. While Musk’s net worth is $189 billion, his…
India to emerge as a hub of iPhone manufacturingApple produced smartphones worth $205 billion in the last fiscal yearChina’s contribution to global shipments has gradually gone down by 93.5 per centIn 2021, it was 95.8 per cent and in 2020, it was 98.2 per centApple is considering diversifying production units outside China India is an ideal place for Apple to flourishAnalysts expect that local manufacturing of iPhones would rise in the next few years
When Sanjith Konda House left for Australia to study business administration, he seldom imagined he would drop the course and start his business there. The 22-year-old, who is known for his ‘Dropout Chaiwala’ tea stall in Melbourne, says his parents were initially shocked to know about this. But, Sanjith, a tea lover since childhood, was confident. So, when an opportunity to launch a startup was presented before him, he did not think twice. Sanjith brought about a tea joint in a city that is the world’s coffee capital. His business is located in Melbourne’s busy CBD (Central Business District) area…
Dubai becomes number one in terms of highest spending by international touristsLast year, it earned $29.4 billion in international visitor spendingDubai overtook Doha and London Tourists spent $16.8 billion and $16.1 billion in Doha and London respectivelyThe World Travel and Tourism Council (WTCC) revealed the data in the Cities Economic Impact Report (EIR)The Cities EIR analysed 82 international city destinationsDoha is expected to see a significant increase in international spending in 2022In Europe, Warsaw, and in the US, Orlando might benefit from international travellersThe tourism sector is going to emerge as a key driver of economic growth again
UAE introduces an integrated platform to list out investment opportunities. The Ministry of Economy will supervise the electronic platform. The platform will serve as a guide to investors in UAE. Investors can look for opportunities in targeted sectors. Some of the sectors include financial technology, tourism, manufacturing and renewable energy. The platform will identify the most prominent features of each sector. It will later display the opportunities for investors.