Tecom Group’s digital arm axs goes all out on ‘smart’

Dubai: It pays to be digitised – well ahead of any pandemic. The digital services arm at Tecom Group sure is benefitting from doing so. In the first six months, axs, which is what the ‘smart’ arm of Tecom is called, put in 40,000 transactions, with all of its government-focussed services fully digitised. “Despite the […]

How Dubai Customs and DB Schenker are revolutionising the logistics sector

Dubai Customs and DB Schenker recently launched the first-ever dual-trade zone in the region. The hub allows for the hassle-free movement of goods between free zones and non-free zones. The milestone in Dubai’s logistics transformation will have a significant impact on the sector, regionally and globally. #BusinessDuba

Mubadala invests over $150 million in world’s largest wood pellet-producer

Dubai: Abu Dhabi’s Mubadala invested over $150 million as an anchor investor in the recapitalization of Enviva Holdings, the world’s largest producer of industrial wood pellets, the sovereign wealth fund said in a tweet on Sunday. Last week, Enviva said it completed a series of transactions that recapitalized the company with more than $1 billion […]

SAP announces plan to take Qualtrics public through US IPO

SAP SE, Europe’s largest technology company, is selling a stake in its Qualtrics customer-survey software unit through a US public offering, less than two years after buying the firm to help compete with Salesforce Inc. SAP said it will continue to hold majority ownership of Qualtrics, and Qualtrics founder Ryan Smith will remain its largest […]

Oil prices to stay in low $40 range as second pandemic wave looms over

Abu Dhabi: Despite rising coronavirus cases and worries of a second pandemic wave, oil prices continue to find themselves in the low $40 range, with oil markets seeing little room from breaking beyond their current levels. “Oil market volatility continues to wane with prices recording their third consecutive week of minimal change,” said Edward Bell, […]