Author: dailyguardian.ae

More than 300 prime ministers, heads of international organisations, business leaders and eight Nobel laureates will attend the World Government Summit (WGS), happening in Dubai from February 12 to 14. The Summit will centre around the theme of artificial intelligence (AI), featuring prominent experts such as OpenAI co-founder Sam Altman and Jensen Huang, president of Nvidia Corporation. Additionally, the summit will hold the annual gathering for the Time 100 AI list, which recognises the most influential individuals in the field of artificial intelligence. Mohammed Al Gergawi, Minister of Cabinet Affairs and WGS chairman, highlighted the significance of AI due to…

The size of UAE outstanding debt capital market (DCM) rose 10 per cent year-on-year, a new report showed. According to Fitch Ratings’ UAE Debt Capital Markets Dashboard: 2024, the figure rose to $270 billion for all currencies at end-2023, with 71.4 per cent in US dollars (2020: 87.5 per cent) and 20.5 per cent in dirham. (2020: 0.5 per cent). Among US dollar DCM issuances, sukuk was a sizeable 35 per cent, up from 24 per cent in 2022. For DCM issuance across all currencies, sukuk had an 8.7 per cent share which, while lower than US dollar issuance, is…

MI Emirates outclassed Abu Dhabi Knight Riders to record an emphatic nine-wicket win in the ILT20 at the Zayed Cricket Stadium in Abu Dhabi on Tuesday. New Zealand’s star pace bowler Trent Boult (3/14) was at his absolute best as Emirates bowled Abu Dhabi Knight Riders out for just 95 runs in 14.1 overs. Boult was well supported by Akeal Hosein who took two wickets for 21 runs. Knight Riders’ experienced all-rounder Andre Russell fought valiantly, hitting 48 runs off 25 balls with four sixes and three boundaries. Muhammad Rohid Khan hastened the end of Knight Riders’ innings, taking three…

E-commerce giant eBay is undertaking another round of job cuts. Jamie Iannone, the president and CEO of eBay, said in a message to employees posted online on Tuesday that the company will reduce its workforce by about 1,000 roles, equal to around 9% of its full-time employees. The CEO cited the “challenging macroeconomic environment” and said that the eBay’s overall headcount and expenses “have outpaced the growth of our business.” Some teams will be consolidated in further efforts to make the company more efficient. Iannone said that “fundamental changes” to its online platform over the last three years have resulted…

Recruitment and HR offices, workplaces and social media in the UAE are abuzz with discussions about ‘demographic diversity’ as some companies were unable to procure work visas for new employees. As Khaleej Times reported last week, when companies with an overwhelming number of employees from a particular nationality apply for new visas for people of the same nationality, a message from the authorities pops up, asking them to “achieve demographic diversity while hiring”. So, what is this requirement? We spoke to three legal experts to understand what the requirement is and when it was implemented. Stay up to date with…

A Seattle man was arrested twice in the span of a few days outside the New York City home of musician Taylor Swift, the second time on stalking and harassment charges, police and local media reported on Tuesday. The New York Police Department said it responded to a 911 call on Saturday that David Crowe, 33, was trying to open the door of a building on a street in the Manhattan neighborhood of Tribeca where Swift, 34, has an apartment. He was trying to open the door of Swift’s home and was reported to police by a member of Swift’s…

Dmitry Sergeev, the former CEO of AliExpress Russia, has made significant strides in advocating for people with Down syndrome through his leadership at the Love Syndrome Foundation. This foundation is dedicated to providing charitable assistance and enabling individuals with Down syndrome to participate in various activities, such as sports, art, and volunteering. The foundation provides charitable assistance to people with Down syndrome, enabling them to engage in various activities such as sports, art and volunteering. Under his leadership, the foundation not only promotes existing projects, but creates new ones in areas such as healthcare, education, employment, and volunteering. In addition,…

Uncapped spinner Shoaib Bashir was effectively ruled out of the first Test of England’s tour of India on Tuesday after he was forced to return home to resolve visa issues. Surrey-born Bashir, a 20-year-old Muslim of Pakistani heritage, was unable to join the rest of the squad flying to India from a training camp in Abu Dhabi ahead of the series opener in Hyderabad starting Thursday following a delay with his visa application. The England and Wales Cricket Board had hoped they could count on assistance from their counterparts at the Board of Control for Cricket in India in resolving…

Though foldable phones have been around for several years now, they’re still very expensive and out of reach for most people. For example, the latest Samsung Galaxy Z Fold 5 is $1,800, and most of the competition is priced similarly. But Samsung may be working to fix that with a more affordable “entry-level” foldable. According to a report from The Elec, it looks like Samsung will introduce an “entry-level” Galaxy Z Fold 6 device this year. The goal of this move would be to “increase the penetration rate of the foldable phone market,” which would make sense as we see…

Maria, a Filipina nanny, has a brother who is supposed to come this week to visit her in Dubai. All expenses have been taken care of by her Emirati employer – visa has been released; tickets purchased. The visiting brother already has a place where he can stay. But there’s a dilemma: Maria’s brother could be offloaded at the Philippine airport for not presenting an affidavit of support and guarantee (AoSG). AoSG is a document required by the Philippine immigration to prove that a Filipino UAE resident can sponsor a visiting family or relative’s stay in the country. It can…