Huawei p30 pro

Huawei becomes world’s top smartphone vendor in FY Q2 2020

The majority of Huawei’s phone sales from April-June was in China

Renault reports record $8bn loss

Renault shares have fallen 47 per cent this year

Jobs are being wiped out at airlines, and there’s worse to come

The aviation industry has suffered more than most as the pandemic destroys ticket sales and strips companies of cash

India announces additional repatriation flights from UAE

From August 1-29, Air India will repatriate Indian citizens on 22 flights from Sharjah and Abu Dhabi airports

xiaomi-mi-reader

Xiaomi prepares to launch new e-book reader to compete with Amazon Kindle

Xiaomi has previously launched the iReader T6 and MiReader in China

Abdulla Al Ghurair foundation awards full master’s degree scholarships to 86 Arab youth

Candidates will benefit from full scholarships to pursue their master’s degrees at Arizona State University

NVIDIA ARM

NVIDIA touted to take over chip manufacturing giant ARM – reports

SoftBank had acquired ARM in 2016 in a deal worth $32bn

Developer Emaar inaugurates Address Marassi Golf Resort in Egypt

The resort is located in the Sidi Abdelrahman bay

Range Rover

Range Rover introduces 50th anniversary limited edition SUV

The new Range Rover Fifty celebrates half a century of iconic SUV design and engineering that hasn’t lost sight of its roots

How should the regional telecom industry navigate the Covid-19 reality

Telecommunication companies are an essential part of the overall pandemic solution, and all should reaffirm their unique position to help people during this crisis

Saudi Arabia’s King Salman bin Abdulaziz Al Saud

Saudi Arabia’s King Salman admitted to hospital

He will undergo medical tests due to cholecystitis – an inflammation of the gallbladder

Fiat Chrysler Automobiles

Fiat Chrysler Automobiles and Groupe PSA merged company to be called Stellantis

The merger is expected to be completed in early 2021

Aramco joins Exxon, BP, Shell in starting to curb own emissions

Members of the Oil & Gas Climate Initiative pledged to reduce the carbon intensity of their operations to between 20 and 21 kilograms of carbon dioxide per barrel of crude equivalent by 2025

Samsung-6G-rollout

Samsung unveils plans to begin developing 6G technology expected to be available by 2028

It will reportedly offer download speeds of over 1,000Gbps

Ford Bronco

Ford’s new 2021 Bronco will revive iconic model after 24-year hiatus

The car will enter into production at Ford’s Michigan plant early next year

Dubai’s Emirates’ A380s take to the skies

The carrier resumes A380 flights to London and Paris, and announces A380 services to Amsterdam

SAP logo

SAP trains 43,100 MENA youth to code

More than 900 bootcamp graduates have gained employment through the project

Google launches AI-powered tool to decode Egyptian hieroglyphs

Fabricius will expedite the process of collating, cataloguing and understanding ancient hieroglyphs

Saudis meet some oil buyers’ requests ahead of OPEC+ panel

Producers as well as their allies have slashed exports as OPEC+ embarked on its biggest-ever joint oil production cuts amid reduced demand

How to rebuild a post-Covid-19 world: The ‘new normal’ is green

As the world recovers from the aftermath of the Covid-19 pandemic, sustainable policies and investments will help build a better future for generations to come

Turki Al Malki, Saudi coalition

Saudi forces destroy two missiles, six ‘bomb-laden’ drones launched from Yemen

The attacks were launched by the Houthis in Yemen “to deliberately target civilians in the kingdom”

OPEC readies next move in bid to avoid oil-market taper tantrum

While oil prices have recovered to $43 a barrel in London, from a two-decade low of $15.98 in late April, sentiment in the market remains fragile

Private Aviation

How the private aviation sector in the Middle East is responding to the Covid-19 crisis

Pre-pandemic estimates suggested that there are approximately 800 private jets registered in the Middle East and North Africa (MENA) region

Brooks Brothers

Menswear major and America’s oldest retailer, Brooks Brothers, goes bankrupt

The company listed assets and liabilities of at least $500m each in court papers

Google Loon

Google’s Loon balloons now offer commercial internet access in Kenya

Loon has collaborated with Telekom Kenya to provide internet connectivity by way of 35 balloons covering an area of 50,000 square kilometres

UAE’s Mulk Healthcare launches Middle East’s first digital hospital

The e-hospital offers end-to-end services from booking appointments, seeking consultations, securing health insurance approvals, diagnosis, prescription and medication

TSMC

Taiwan manufacturer TSMC now controls 51% of global chip market

TSMC is one of only two companies in the world that can produce chips with the 5nm architecture

Tether

Cryptocurrency Tether’s market valuation crosses $10bn

At the start of the year, it was valued at $4.1bn

Amazon Prime Video Microsoft Windows 10

Amazon Prime Video app launched on Microsoft Windows 10

For the first time, the app will allow users to download the videos and view them offline on a Windows device

Energy innovation spend needs to triple by 2030 to hit climate goals

As much as 60 billion tons of emissions, about twice what the world spewed out in 2019, could be prevented if money is spent in these new markets