UAE, KSA lead as tech and energy drive IPOs in GCC
The 2024 outlook for GCC IPO markets shows strong potential with diversified sector participation, bolstered by government support for both...Business Markets
UAE plans to issue bonds, Sukuk valued at $1.3bn in Q1 2024, says official
HONG KONG - UAE Ministry of Finance Undersecretary Younis Haji Al Khoori announced that the ministry's issuance of bonds and...Business Geostrategy Global Markets
TAQA lands Aramco water project
The project will be used to make power and desalinate water.The Abu Dhabi National Energy Company or TAQA will develop a greenfield cogeneration power and water desalination project in Saudi Arabia
TAQA will do this along with the Marubeni Corporation for Saudi Aramco
New Zealand passes law to make banks report climate impact
New Zealand has passed a law that will force banks to reveal the impact of their investments on climate change....New Zealand’s Climate Change Minister James Shaw said the law was meant banks, insurance companies, and investment firms
He said it would require them to make mandatory disclosures about their portfolios' global warming record from next year
Trump launching new social media network called ‘TRUTH Social’
The long-awaited platform will be owned by Trump Media & Technology Group.The long-awaited platform will be owned by Trump Media & Technology Group
The platform also intends to launch a subscription video on-demand service
Augmented reality transforms fashion retail
Customers can try on and buy entire collections of eyeglasses, lipstick, nail color, jewelry, and even garments by using augmented...Customers can try on and buy entire collections of eyeglasses, lipstick, eye shadow, nail color, jewelry, and even garments by using AR and VR applications
All of this is enabled due to significant advances in facial recognition, feature tracking, and computer vision
Zain Group unveils unit to help boost regional telecom infrastructure
ZainTech will provide solutions for Cloud, Cybersecurity, Big Data, IoT, AI, Smart Cities and Emerging Technologies while incorporating NXN and...Solutions for Cloud, Cybersecurity, Big Data, IoT, AI, Smart Cities and Emerging Technologies remain key focus
Andrew Hanna has been appointed CEO of the newly launched ZainTech
Lloyds Bank, the British lender, to shut down 48 branches
Lloyds Banking Group will close a further 48 branches across England and Wales, the British lender said on Wednesday, as...The closures are the latest in a string of such moves by the bank, which in June announced the closure of 44 different branches
Lloyds said it is responding to customers using branches less frequently
EDB, ADIO join hands to boost business in Abu Dhabi
The two parties have signed an MoU to promote business establishments and Foreign Direct Investments.The main aim of the MoU is the expansion of the private sector in Abu Dhabi and inclusive economic growth
The collaboration is expected to enable investment in Abu Dhabi from SMEs, big firms, and startups
Bitcoin hits new record above $65,000 after Wall Street foray
Bitcoin hit a new record on Wednesday, surging past $65,000 after it took another step towards mainstream status as the...A bitcoin futures exchange-traded fund (ETF), a type of financial instrument, made its debut on the New York Stock Exchange on Tuesday
The cryptocurrency soared to $65,778, according to CoinMarketCap
Rio Tinto to ‘halve’ emissions
Mining releases 4-7% of global greenhouse gas emissions.Rio Tinto said it would spend around $7.5 billion from now until the end of the decade to reduce emission
The cut would be to so-called scope one and two emissions — from mining operations and power consumption
Jack Ma’s Europe trip sends Alibaba shares soaring
Jack Ma’s Ma's presence in Spain was reported by the South China Morning Post, which is owned by Alibaba. The...The news has renewed investor hopes that the worst of China's regulatory crackdown for the Alibaba Group might be over
Chinese officials last year spiked what would have been a world-record $37-billion IPO for Alibaba's financial group Ant
