Gulf First Solution

🇦🇪 The United Arab Emirates (UAE) officially announced that it shall shift to a four-and-a-half day working week, with Saturday and Sunday being the weekend, starting with the birth of the new year.

🌍 The move aims at better aligning the Middle Eastern nation’s economy with global markets. This will apply to businesses and schools, according to a government circular.

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🇸🇦 Top oil exporting nation Saudi Arabia aims to reach net zero emissions of greenhouse gases, mostly emitted by burning fossil fuels, by 2060.

Saudi Arabia’s Crown Prince Mohammed bin Salman, alongside his energy minister, also mentioned that the Arabic nation is stressing the importance of tackling climate change, while continuing to focus on oil market stability.

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Despite strong earnings, Alibaba stock has been collapsing for a year straight. Why did the Chinese giant decline in value?

⚖️ Increased regulation from Chinese government on consumer data.

💵 Hefty record fine of $2.8 billion regarding antitrust and monopoly matters.

🏚 Hammered Chinese property sector swaying investors away.

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🇪🇺 Nvidia is likely to seek EU antitrust approval for its $54 billion takeover of British chip designer Arm early next month

Arm has long been a neutral player licensing key intellectual property to customers who are otherwise intense rivals, including Qualcomm, Samsung Electronics and Apple.

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✅ The U.S. Centers for Disease Control and Prevention stated on Saturday that the United States has administered over 360 million COVID-19 vaccine doses, delivering over 425 million doses.

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