Google to slash ‘few hundred’ jobs
The internet giant will cut jobs from its global ad team.Company News Business
Counterfeit products cost Europe $13 billion, 200,000 jobs a year
Paris, France - Counterfeit products -- mainly clothes -- cost the European economy 16 billion euros a year and result in...Business Economy
Foreign investment in Egypt’s oil sector drops 26% to $5.4bn
Foreign investment in the oil sector of Egypt has dropped 26.02 percent to $5.4 billion in the current financial years,...The coronavirus crisis led to a slowdown in investments from international oil companies worldwide,”
Egypt's oil sector had received more than $7 billion in investments a year earlier
Sabic leads low-carbon plan
Sabic, WEF, and global companies will formalize the plan.The agreement will look to formalize the low-carbon emitting technologies or LCET initiative into a standalone entity by 2023
As a result, LCET members will share early-stage risks and co-invest in developing and upscaling low-emission technologies
ADNOC Distribution opens two stations in Sharjah
The openings support the company’s commitment to delivering on its promise to provide greater fuel retailer convenience to customers and...The openings support the company’s commitment to delivering on its promise to provide greater fuel retailer convenience to customers and neighborhoods
The fuel-only Al Talaa offers fast and efficient refueling for customers, while the Al Madean station provides the full fuel and retail offering with an onsite ADNOC Oasis store
No fear of inflation becoming a ‘runaway train,’ says IMF chief
Global finance officials are worried about rising inflation pressures but there it is little fear that it will become a...However, in advanced economies “policymakers have the tools” to deal with inflation
With supply chain bottlenecks growing in the face of surging demand, policymakers have focused attention on rising prices
Response Plus Holding of UAE posts net profit of $10.9m
Response Plus Holding, the UAE healthcare investment and management firm, has posted a net profit of $10.9 million during the...Its revenue for the nine-month period climbed to 197.7 million dirhams from 2.1 million dirhams last year
As a result of revenue growth and improved margins, gross profit reached 60.1 million dirhams
Facebook ‘metaverse’ to become reality soon
The technology might, for example, allow someone to don virtual reality glasses that make it feel as if they're face-to-face...The technology might, for example, allow someone to don virtual reality glasses that make it feel as if they're face-to-face with a friend
Metaverse enthusiasts point out that the internet is already starting to blur the lines between virtual experiences and "real" ones
Oman and Lebanon explore new trade avenues
Businessmen and stakeholders from Oman and Lebanon have discussed investment and trade exchange.The discussions took place during the Omani-Lebanese Business Forum organized by the Oman Chamber of Commerce and Industry
The forum was organized on the sidelines of an official visit by a Lebanese business delegation to Oman
Saudi Arabia tops region’s maritime connectivity progress
Saudi Arabia has scored 70.68 on the Maritime Connectivity Index.The global index measures the level of interdependence of the world's ports with shipping line networks quarterly
It aims to help countries identify challenges and find opportunities to develop and improve their performance in the field of logistics services
Newcastle fans celebrate new era for the club under Saudi ownership
Hundreds of supporters sported traditional Saudi headdress and flew flags of the Gulf kingdom ahead of the Magpies' first match...Newcastle fans celebrated the departure of unpopular former owner Mike Ashley
The fans are already dreaming big as they aim to follow in the footsteps of Manchester City
Jordan, Saudi Arabia investors launch Fly Aqaba
The new airline, Fly Aqaba, was set up with $20 million in private sector investment, said Nayef Bakhit, president of...Flights will connect Aqaba to Amman as well as European and other Arab cities "at competitive prices"
The Covid-19 pandemic has badly dented Jordan's tourism industry, which represented 14 percent of its GDP
