Dubai records weeklong real estate deals worth $3.86 billion
Dubai, UAE -- The real estate and properties transactions valued at AED 14.2 billion ($3.86 billion) in total during the...Business
UAE, Malaysia sign MoU to enhance ties in digital-infrastructure sector
Abu Dhabi, UAE-- The UAE and Malaysia have signed a memorandum of understanding (MoU) to boost investment cooperation in the...Business
44 MNCs decide to set up regional HQs in Riyadh
Pepsico, Deloite, Siemens, Haliburton, KPMG, PwC, Novartis and OYO are among the companies that will establish their regional headquarters in...The licenses were issued at the 5th edition of the Future Investment Initiative under the Regional Headquarters program.
The direct and indirect benefits from the presence of companies (in Saudi Arabia) will amount up to $45 billion, says minister.
Sharjah Economic Development Department processes 14,210 licenses during Q3
Sharjah Economic Development Department (SEDD) has processed 14,210 licenses submitted through its smart applications on its website as well as...The majority of the licenses processed belonged to the commercial sector, followed by professional.
The growth of business licenses confirms the strength of the local economy, Sultan Abdullah bin Hadda Al Suwaidi.
Advanced Petro Co. of KSA posts nearly 40% jump in net profit
Advanced Petrochemical Company of Saudi has posted nearly 40 percent increase in net profit to $58 million for the third...“Net profit increased by 39 percent compared to Q3 2020 mainly due to the increase in polypropylene sales”
Sales revenue for the current quarter surged by 47.7 percent to 805 million riyals, while total comprehensive income grew from 286 million riyals to 356 million riyals
Singapore-based Near acquires minority stake in MEmob+
Near will work with MEmob+ to continue its global expansion with a push into the Middle East and Africa.Near will work with MEmob+ to continue its global expansion with a push into the Middle East and Africa
The companies will look to accelerate the adoption of cutting-edge technologies to support the performance of businesses everywhere
Network International of UAE posts 19% jump in revenue
Network International, the UAE-based payment solutions firm, has posted a 19 percent jump in revenue in the third quarter, increasing...Merchant solutions revenue was up by 38 percent, the company said in its Q3 2021 trading update
The company said that its entry into the Saudi Arabian Market was also on track, with the expectation of launching in the kingdom in early 2022
Fertiglobe completes IPO on Abu Dhabi Securities Exchange
The initial public offering (IPO), which raised over $795 million, experienced strong demand from local and international investors, with orders...Fertiglobe’s shares will begin trading at AED2.55, implying a market capitalisation for the Company of $5.8 billion
The company is the world's largest seaborne exporter of urea and ammonia and the largest nitrogen fertiliser producer in the MENA region
Which Asia-Pacific countries are re-opening to foreign visitors?
Mainland China, where Covid-19 first emerged last year, remains closed to overseas tourists, as is Japan.Mainland China, where Covid-19 first emerged last year, remains closed to overseas tourists, as is Japan
India re-opened for foreign tourists on charter flights this month and will allow in visitors on all flights from mid-November
NEOM Tech and OneWeb team up for $200m high-speed satellite
NEOM Tech & Digital Holding Company and OneWeb have signed a $200 million joint venture agreement to bring high-speed satellite...Both the companies will have exclusive rights to distribute OneWeb services in its target regions for seven years from the start of the satellite network
NEOM Tech & Digital Holding Co. and OneWeb expect to complete ground infrastructure in 2022
Turkey’s hazelnut farmers blame Nutella for their meagre pay
The world-famous spread is made by Italy's Ferrero confectionary, Turkey's top hazelnut purchaser. The global giant's other sweets include Ferrero...The little heart-shaped nut in Turkey accounts for 82% of global exports
Ferrero has six facilities in Turkey, where it has been sourcing hazelnuts
Alphabet posts $18.9 bn profit
Google remains a centerpiece of online activity.Google remains a centerpiece of online activity, with offerings such as its search engine, ad marketplace, and YouTube video platform
The surge in Alphabet's earnings comes as the tech giant faces increased scrutiny from regulators regarding its power
