Hyundai Motor to launch dedicated electric vehicle platform

Seoul: South Korea’s Hyundai Motor Group said on Wednesday it will introduce an electric vehicle-only platform early next year that will use its own battery technology to cut production time and costs. The plan underscores efforts by the world’s No.5 auto group to become a major player in the global EV market, as car makers […]

Facebook to acquire startup Kustomer as it faces antitrust glare

San Francisco: Facebook is facing the glare of regulators for buying up promising startups and neutralizing them as a competitive threat. But that hasn’t stopped the social network from shelling out for more companies. Facebook announced Monday that it planned to acquire Kustomer, a customer relationship management startup, to help it build its e-commerce business. […]

Digitisation wave set to continue in UAE banking

Covid-19 and the resulting lockdowns and social distancing measures have spurred rapid adoption of digital banking — a trend that is expected to continue as new technologies and products improve options for customers, say UAE bank executives. While 2020 has been a difficult year for all banks on the business front, it’s also been a […]

Gitex to host first tech delegation from Israel to UAE

Dubai: The UAE’s flagship tech event Gitex will be hosting the first Israeli technology delegation to the country next week. The Israel Export Institute comes in as a ‘strategic country partner’ for Gitex, and in partnership with Bank Hapoalim, will lead the delegation of Israeli government officials, entrepreneurs and executives. Gitex will also play host to the […]