Business from Wednesday, May 24th, 2023

UAE, global partners pledge $275 million for Romanian nuclear project

The UAE has joined the US, Japan and South Korea to commit up to $275 million towards nuclear energy in Romania.
Microsoft announces AI assistant integration with Windows 11

Microsoft has revealed its latest development in artificial intelligence (AI) technology with the introduction of Windows Copilot, a chatbot that will be integrated into the home screen of computers running Windows 11.
World's richest man loses $11 billion in single day of stock crash

Bernard Arnault, the world's richest person, experienced a significant decrease in his fortune as concerns over a softening US economy dampened demand for luxury goods.
Australia, India to seek closer economic ties, critical minerals cooperation

Australian Prime Minister Anthony Albanese met Narendra Modi, his Indian counterpart, in Sydney on Wednesday to discuss regional security and economic ties and signed a migration deal to boost Indian student and business travel to Australia.

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UAE Companies Face A 38% Jump In Claims For Petrol Expenses
A report from Bayzat, an HR software, says that there's been a 38% increase in the amount employees are claiming back in fuel charges.
Increase in bag loss
Airports are facing an increase in baggage mishandling rate as the number of passengers continue to rise. So we asked Nicole Hogg, Product Management Director, Baggage at SITA whether bag loss is a new trend.
Could Space Travel Become More Accessible?
H.E. Ibrahim Al Qassim, Deputy Director General of the UAE Space Agency joined us to explain what it would take for more people to be able to go into space.

Can you reunite Rob with his Rolex?
Dubai Police recently warned residents not to join in a viral trend aimed at proving the city's honest nature by leaving valuables unattended. But what if you found yourself doing so accidentally in the most unlikely way?
ADGM financial centre to include Reem Island in expansion plan
ADGM, a financial free zone and the international financial centre of the UAE capital, will add Al-Reem Island to its current location on Al-Maryah Island.