TikTok owner and Huawei are helping China’s campaign to repress Uighur Muslims, report finds
BEIJING – Chinese tech giants including ByteDance, TikTok’s parent company, and Huawei Technologies are working closely with the Communist Party to censor and surveil Uighur Muslims in China’s western region of Xinjiang, according to a report published on Thursday (Nov 28). New evidence of links between the security apparatus... Read more
Chinese Telecoms Giant Huawei Technologies to Hand Out S$389 Million to Staff for Helping it Ride Out US Curbs
SHENZHEN (REUTERS) – Chinese telecoms giant Huawei Technologies said on Tuesday (Nov 12) it will hand out 2 billion yuan (S$389 million) in cash rewards to staff working to help it weather a US trade blacklisting. The world’s largest telecoms equipment provider has said it has been trying to... Read more
Alibaba Seals $52 billion Singles’ Day Sales Record
HONG KONG (BLOOMBERG) – Alibaba Group logged more than 268 billion yuan (S$52 billion) of purchases during its Singles’ Day bonanza, exceeding last year’s record haul after a 24-hour shopping marathon. An estimated half-billion shoppers from China to Russia and Argentina swarmed the e-commerce giant’s sites to scoop up... Read more
Dubai Automobile Dealers Call for Crackdown on Cheaper Cars Entering the UAE
‘Parallel imports’ are when cheaper versions of car models are shipping into the UAE form neighbouring countries A leading automobile executive has called for a clampdown on unsold excess stock coming into the UAE form neighbouring countries and being sold on the grey market, it was reported. “Many of... Read more
Work to Start on Saudi Arabia’s Diriyah Gate Mega Project in January
7 sq km project will be home to a diverse collection of museums and galleries in addition to a cultural and educational experiences The restoration and reimagining of Diriyah, a sweeping 18th century adobe city that once served as the capital and stronghold of the first Saudi state, will... Read more
Saudi Aramco is to Offer $1 Billion in Shares to Employees as Part of its Initial Public Offering (IPO)
Oil giant aims to incentivize its 73,000 staff with the share scheme, according to its IPO prospectus Saudi Aramco is to offer $1 billion in shares to employees as part of its initial public offering (IPO) next month, according to the official prospectus. The move is part of a... Read more
Dubai’s RTA Announces Taxi Booking and Dispatch Services Will be Moved to Hala
Roads & Transport Authority says taxi booking and dispatch services will be moved to Hala, the joint venture between RTA and Careem Dubai’s Roads & Transport Authority (RTA) has announced that its taxi booking and dispatch services will be moved to Hala, the joint venture between RTA and Careem,... Read more
Zain Selects Ericsson to Build its 5G Network in Bahrain
Zain says Ericsson’s 5G portfolio will enable it to expand coverage while simultaneously strengthening its current network Zain has selected Ericsson to build its 5G network in Bahrain, with the first commercial 5G services expected to go live before the end of 2019. Spanning Ericsson 5G Radio Access Network... Read more
Construction of $1 Billion Alexandria Metro to Start in Q1 2020
The Governor of Alexandria, Abdul Aziz Qansua, has reportedly announced that the construction of the Alexandria Metro will begin in the first quarter of 2020, at a cost of $1.05 billion. It will be implemented over two years in three phases. The governor explained that the technical and financial... Read more
The Oil Market Will Be Bursting in the Next Four Years
More bad news is emerging for the oil organization, as more oil has been pouring from different unconventional sources far away from the troubled waters. This time it is not the USA shale oil but oil from Brazil, Canada, Guyana and Norway. All the four countries are expected to... Read more