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Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.
  • 50 Dutch companies arrive in UAE: Water, food, energy on agenda

    Representatives of 50 Dutch companies, led by the Dutch Minister for Foreign Trade and Development Cooperation Tom de Bruijn, arrived...

    More than 350 companies operate in the UAE and use the Emirates as a base for the Gulf region.

    More than 350 companies operate in the UAE and use the Emirates as a base for the Gulf region.

  • Theft of data worries UAE and Saudi residents, says study

    Ding launched the second Ding Global Prepaid Index (GPI)in the United Arab Emirates and Saudi Arabia.

    45% of UAE respondents fear data being collected, 37% in KSA

    75% of UAE respondents say they have low trust in social media platforms

  • Sharjah Chamber and Kazakhstan to explore investment opportunities

    The Sharjah Chamber of Commerce and Industry (SCCI) and Kazakhstan have discussed ways of benefiting from promising investment opportunities in...

    The chamber recently participated in the "Nur-Sultan Investment and Tourism Forum" organized by Invest in Nur-Sultan Office at Expo.

    Chamber's participation in the forum shows its keenness to explore business avenues abroad, said Abdullah Sultan Al Owais, Chairman of the SCCI.

  • Experts weigh in on Facebook rebranding to Meta

    Facebook is currently facing a lot of flak for accusations of bias, and leaked internal documents back them up.

    Facebook has a long history of criticism about users' privacy the content it views

    Today's scandals differ from past instances in the papers leaked from within the corporation

  • UAE’s ADNOC reinstates full oil supplies in Dec

    It will be the first time since the oil price crash in the second quarter of last year when the...

    It will be the first time since the oil price crash in the second quarter of last year due to the COVID-19 pandemic that ADNOC has not implemented any supply cuts

    Brent crude futures gained nearly 60% since the beginning of the year to hit a near three-year high on Monday

  • Jazeera Airways posts $39m profit

    The airline registered a net profit of KD 11.8 million in the Q3.

    Number of passengers flown in Q3 increased by 361.8% to 302.9 thousand

    Jazeera chairman says that there will be growth in the network in near future

  • DFM to list 10 new firms

    Dubai aims to increase its market volume to AED3trn.

    The Dubai Financial Market has listed 10 government and state-owned companies

    The announcements came during the first meeting of the Securities and Exchange Higher Committee

  • JNTO opens its first office in Dubai in bid to draw more GCC tourists

    Japan aims to attract 60 million visitors annually by 2030 and it is looking to draw a large number of...

    Japan aims to attract 60 million visitors annually by 2030 and it is looking to draw a large number of them from the Middle East

    As many as 28222 tourists visited Japan from the GCC in 2019, marking an increase of 28 percent from last year

  • Despite hurdles, interest in 5G high in MENA

    As GCC shifts away from dependence on oil and gas revenues, 5G is set to fuel tech growth and ease...

    5G subscriptions in the MENA have exceeded 1 million at the end of 2020

    The deployment of a 5G network faces several challenges

  • NMC gross revenue in Q3 up

    The number of patient encounters was 6.7m, compared to 3.7m in 2020.

    NMC Group's operating companies would exit administration and hand over the responsibilities to new ownership by the end of this year.

    The company, creditors and advisers are working to finalize the regulatory and approvals to enable the exit.

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