Nespresso faces $330 m lawsuit in Switzerland over capsules
Zurich, Switzerland - A French television star and a group of investors are demanding 280 million Swiss francs ($330 million) from...Business
Al Arabia subsidiary wins Dubai contract
The contract was awarded by Dubai Roads and Transport Authority.Company News Business
Post merger, Emaar Properties and Emaar Malls form a single company
Shareholders of Emaar Properties have approved the merger of the company with Emaar Malls, according a bourse filing.Shareholders also approved during the General Assembly on Sunday the proposal to increase Emaar Properties’ share capital to $2.2 billion
Emaar Malls’ net profit reached 622 million dirhams during the first six months of 2021, up by 80 percent from 345 million dirhams during the same period in 2020
In just 10 days of Expo 2020 organizers record more than 400,000 visits
It has been ten days since the Expo 2020 was kicked off in a grand celebration, and so far 411,768...The visitors belonged to 175 nationalities and not far off the 192 countries participating in the event
Visitors to the global event could choose from multiple ticket options including Multi-Day and Season Passes
Now an ad from the lowest place on the Earth
The new ad posted on the Twitter handle of the Israeli Pavilion at Expo 2020 Dubai has been videographed in...New ad of Israeli Pavilion at Expo 2020 has been shot in the middle of The Dead Sea
It is an imitation of the Emirates’ ad from the top of 828-metre-high Burj Khalifa
DEWA, Ireland explore digital technology cooperation
DEWA CEO Saeed Mohammed Al Tayer and Ireland’s Minister of State for Trade Promotion, Digital and Company Regulation at the...This was part of the Irish commercial delegation visit to the Water, Energy, Technology, and Environment Exhibition (WETEX)
The two parties discussed enhancing cooperation, exchange of experience between DEWA and Irish companies
$1.3bn UAE-Mexico non-oil trade in 2020 shows strong trade ties: Minister
The non-oil trade between the UAE and Mexico totaling $1.3 billion in 2020 demonstrates a strong partnership between the two...Both countries agree on new plans to reinforce economic cooperation.
UAE Minister of State for Foreign Al Zeyoudi holds a meeting with Martha Delgado Peralta, Deputy Secretary at Mexico's Ministry of Foreign Affairs.
Engicon lands Jordan partnership
Engicon has signed an MoU with the JPMC for a water treatment plant.Engicon will supply, develop, and operate a phosphate water treatment plant in El-Sheidiyah mines
The treated water will be used for purposes of industry and agriculture, aimed to improve and preserve the region's ecosystems
OTO gets $3m from MEVP and Derayah
It is the 'largest seed' raised by a MENA SaaS firm.OTO is currently offering its services in Saudi Arabia, UAE, Kuwait, Oman, Qatar, Bahrain, and Egypt.
The funding will help the company to grow its customers base across GCC and Egypt.
Qatar National Bank posts 8 percent jump in net profit to $2.83bn in 9 months of 2021
Qatar National Bank (QNB), the Gulf's biggest lender, posted an 8 percent increase in nine-month net profit to $2.83 billion,...Loans and advances grew 7% in the period while total assets rose 10% to 1,084 billion riyals, it said in a statement
Operating income in the first nine months of 2021 grew by 8% to 20.7 billion riyals, it said
DEWA gets $10.9bn via IPWP model
DEWA used the IPWP model in a number of its key projects.One of the model’s key features includes the implementation of the directives of the leadership
It also includes adopting a successful partnership model on sound commercial foundations
Dubai Police carries out region’s largest drug bust
The Dubai Police have arrested a man they say had smuggled 500 kg of pure cocaine, which has a street...The police operation, codenamed Scorpion, led to the seizure of 500 kg cocaine
The cops said this was the region's largest drug seizure, and also resulted in an arrest
