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Bloomberg Tesla Inc is expected to announce record quarterly deliveries in early January but that may not be enough to satisfy investors as the electric-vehicle leader grapples with inflation, rising interest rates, crimped production in China and concerns about softening demand. In an effort to clear inventory, Tesla offered a rare $7,500 discount to US customers who took delivery of ...

Dubai / WAM The MSC World Europa, a futuristic, lower-carbon-fuelled cruise ship, made its first call at Mina Rashid, after serving as a floating hotel during the 2022 FIFA World Cup. The vessel began its new winter season with a four-night sail from Doha to Dubai, reinforcing Mina Rashid and the emirate’s position as the region’s most preferred destination for ...

  Dubai / WAM Starting from January 1, 2023, private sector companies with 50 employees or more that have not raised Emiratisation targets by 2 percent of skilled jobs in 2022, will be fined, the Ministry of Human Resources and Emiratisation (MoHRE) said on Thursday. The fines are AED6,000 per month, a total of AED72,000 annually, for each Emirati who ...

  Abu Dhabi / WAM Abu Dhabi Islamic Bank (Adib) on Thursday announced the launch of the region’s first tokenised, contactless payment methods through the options of clasp and ring “Adib Pay”, in partnership with token enablement service provider Tappy Technologies and global digital payments leader, Visa. Samih Awadhalla, Acting Global Head of Retail Banking at Adib, said, “Adib continues ...

  Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC) kicked off mass production of next-generation chips on Thursday, ensuring the island remains the linchpin of a critical technology fought over by governments from Washington to Beijing. The primary chipmaker for Apple Inc began bulk production of advanced 3-nanometer chips at its Tainan campus in southern Taiwan. In doing so, TSMC follows Samsung ...

Bloomberg Russia rained scores of missiles on Ukrainian cities in one of its heaviest barrages of the war, pressing further with a campaign to destroy civilian targets as Moscow spurned the prospects of talks to end the invasion. In the 10th large-scale attack since September, President Vladimir Putin’s forces fired 69 cruise missiles, according to Valeriy Zaluzhnyi, Ukraine’s army commander-in-chief. ...

  Abu Dhabi / WAM AD Ports group has signed a shareholder agreement with KMTF (Kazmortransflot), a fully-owned offshore logistics and services subsidiary of the Kazakh National Oil Company (KazMunayGas), to launch an exclusive joint venture (JV), 51% owned by AD Ports group and 49% owned by KMTF, to provide offshore and shipping services for energy companies in the Caspian ...

  Sharjah / WAM The Sharjah Entrepreneurship Centre (Sheraa) announced a partnership with the DMZ, that will foster a new wave of entrepreneurial success for the entrepreneurs of Sharjah and empower 15 startups from the emirate to the DMZ-led soft-landing programme. The DMZ is a world-leading startup incubator based at Toronto Metropolitan University (TMU). The incubator helps to equip the ...

  Dubai / WAM Dubai Electricity and Water Authority (Dewa)’s Thermal Energy Storage and Turbine Inlet Air Chilling (Testiac) project implemented in three Gas Turbines at L-Station in Jebel Ali Power and Desalination Complex has reduced over 44,000 tonnes of CO2 emissions annually, which is equivalent to the planting of two million trees. This project is the first of its ...

  Dubai / WAM Enoc group announced that it was awarded the ‘Sword of Honour’ by British Safety Council for the second time; one of 94 organisations worldwide to have received this recognition. In addition, the group completed a best practice Five Star Occupational Health and Safety Audit by British Safety Council demonstrating its commitment towards the continual improvement of ...