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
CBI 2023 net profit at $46.5m
The 2023 annual net profit rose 14 percent from 2022.Company News Business Banking & Finance
Business confidence in Dubai reaches third-highest level in 10 years: Survey
Business confidence in Dubai reached its third-highest level in 10 years as companies in the emirate begin to feel the...A survey by Dubai Chamber said companies in the emirate begin to feel the positive impact of Expo 2020.
Global supply chain restrictions were identified as a key challenge for business leaders.
Pipeline to transport gas from Qatar to UAE secures $3bn in financing
The Dolphin Gas Project, a natural gas pipeline to transport Qatari natural gas to the United Arab Emirates and Oman...Dolphin Ltd. will obtain financing through a revolving loan to implement expansions in pipelines that transport gas from the Qatari North Field to the UAE capital Abu Dhabi
Dolphin Energy Limited is working on implementing the project after collecting funding from 15 banks for a period of up to 10 years
London draws buyers from Middle East with hot property deals as fear of Covid eases
Buyers from Middle East have been scouting London for property deals in prime central London, with sales in the first...“We have seen an influx of Middle Eastern investment into London over the last month"
Strict travel restrictions, Knight Frank said, have led to pent-up demand, and footfall of Middle Eastern travelers through London's Heathrow Airport has also risen in August
UAE may open VoIP services to all next year
Mobile phone users in the Gulf country are currently allowed to use the internet-enabled video and audio calls only through...The UAE's telecom regulator is likely to roll out VoIP services for everyone in the country next year
This could be either in January 2022 or after Expo 2020, which ends on March 31, 2022
Shares of Al Rajhi Bank gain three percent, rise to highest level in 15 years
Shares of Al Rajhi Bank gained three percent in today’s trading session, touching its highest level in 15 years. The...The stock rose more than 3 percent in today's morning session, with around 1 million shares of trade volume, raising it by over 80 percent year-to-date
The share was trading at SR135.20 in the morning session.
Prescott announces Dubai project
The project is worth AED140 million (more than $38 million).Prescott Real Estate Development is launching a residential development called Prime Residency III in the Al Furjan area of Dubai
It will be a mixed-use development that offers studios and one-bedroom apartments, with views of the city’s skyline
Aramex vows to cut emissions
It has signed a deal with the Science Based Target initiative.Aramex has signed a commitment with the Science Based Target initiative to significantly reduce its greenhouse gas emissions by 2030
The SBTi is a partnership between CDP, the United Nations Global Compact, World Resources Institute, and WWF
UAE passport strongest in GCC, 16th in global ranking
The United Arab Emirates is followed by Qatar (60), Kuwait (61), Bahrain (69) and Oman (71) on the Henley Passport...The United Arab Emirates is followed by Qatar (60), Kuwait (61), Bahrain (69) and Oman (71) on the Henley Passport Index
The Henley & Partners' list is one of many that rank passports based on their ability to provide access to their citizens
Gulf International Bank closes $625million sustainability-linked syndicated loan
Gulf International Bank (GIB) said on Sunday that it has closed a $625 million sustainability-linked syndicated loan (SLL), making it...The deal makes it the first majority Saudi-owned bank to close such a facility.
The deal was oversubscribed by more than two times with $1 billion commitments from 20 global investors.
Turkish fires endanger world pine honey supplies
Turkey’s pine honey harvests — especially in the Mugla region — were already suffering from drought when the wildfires hit....Turkey as a whole makes 92 percent of the world’s thick, dark pine honey
The Mugla region, where 80 percent of Turkey’s pine honey is produced, has been ravaged by fire and floods
