Business from Friday, May 26th, 2023

Dubai's Landmark Group founder Micky Jagtiani dies at 70

Dubai-based billionaire businessman Micky Jagtiani, who founded the Landmark Group, died on Friday. He was 70.
Solar power to overtake oil production investment for first time

Investment in clean energy will extend its lead over spending on fossil fuels in 2023, the International Energy Agency (IEA) said, with solar projects expected to outpace outlays on oil production for the first time.
New guidelines issued ahead of UAE Corporate Tax implementation

The UAE's Ministry of Finance has published new guidelines to help businesses transition into post-implementation of corporate tax.
Elon Musk's brain chip firm gets approval for human trials

Neuralink, the brain-chip firm founded by Elon Musk, has announced that it has received approval from the US Food and Drugs Administration (FDA) to conduct its first tests on humans.
G7 officials to hold first AI regulation meeting next week

Group of Seven (G7) nation officials will meet next week to consider problems posed by generative artificial intelligence (AI) tools like ChatGPT, Japan has said.
Burjeel Holdings, Saïd Business School announce climate challenge

Burjeel Holdings has launched a new global initiative in partnership with the University of Oxford’s Saïd Business School to help address the climate crisis.

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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.