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Intel plans $4.6 billion Polish facility as EU hub picks up pace

BLOOMBERG Intel Corp said it plans to invest $4.6 billion to build a semiconductor assembly and test facility in western Poland, its latest project in the European Union as the bloc seeks to boost chip production amid rising geopolitical tensions. “With this investment today, and others in the EU, we’re excited to play a critical enabling point to building these ...

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Nikola to cut 270 jobs as maker of EVs seeks to preserve cash

BLOOMBERG Nikola Corp is cutting 270 jobs as the maker of electric big rigs seeks to reduce costs and preserve cash. The move will affect 150 employees supporting European operations and another 120 workers based mostly at sites in Arizona and California, the company said in a statement. Nikola expects to save $50 million annually through the staff reduction, while ...

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ChatGPT hackathon offers solutions for education, tourism

SHARJAH / WAM To leverage the power of ChatGPT and explore its potential for driving innovation within their respective fields, Sharjah Entrepreneurship Centre (Sheraa) organised a one-day hackathon in the UAE. The event brought together a diverse group of 80 individuals from various industries, including artists, educators, developers, entrepreneurs and environmentalists. The hackathon is part of SEF Bytes, a community-driven ...

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UAE’s participation in COPs shows its leadership in sustainability

DUBAI / WAM Delegates from the Dubai Supreme Council of Energy (DSCE), Dubai Electricity and Water Authority (Dewa), and the World Green Economy Organisation (WGEO), at the previous editions of the Conference of the Parties (COP) by the United Nations Framework Convention on Climate Change (UNFCCC) and played a fundamental role in supporting the UAE’s efforts to enhance cooperation with ...

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Report on ‘Dubai’s Venture Capital Ecosystem’ launched

DUBAI / WAM Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has launched its third report on Dubai’s digital economy. The “Dubai’s Venture Capital Ecosystem” report provides an overview of the investor landscape backing the start-ups and scale-ups that are transforming Dubai and the Mena region. Commenting on the release of the report, Omar ...

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Sheikha Bodour Al Qasimi announces opening of PublisHer chapter in Korea

SEOUL / WAM Bodour Al Qasimi, the CEO of Kalimat Group, has announced the opening of a Korean Chapter of PublisHer, the pioneering international initiative she founded to support female publishers to rise to leadership in the male-dominated industry. At the first-ever PublisHer gathering in Korea, during the 65th Seoul International Book Fair, where Sharjah is being celebrated as the ...

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RTA completes construction of 7 footbridges spanning 888m

DUBAI / WAM Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the Roads and Transport Authority (RTA), announced the completion of seven new footbridges across various areas of Dubai. The bridges provide safe mobility means for pedestrians crossing roadways, contribute to Dubai’s development into a bicycle-friendly city and promote the city’s wellbeing. Attaining these goals ...

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