Twitter breached contract on bonuses payment, rules US court
SAN FRANCISCO, US - A US federal court ruled that social media company Twitter, now branded X, violated contracts by failing...Business
‘Diverse economic needs boost global sukuk market’
"Rising rates negatively impact global issuances of sukuk, thereby affecting the global sukuk market. This reduces the appetite of global...Business
Chapman Taylor designs Jeddah park
The airport City Central Park is designed as a botanical garden.The Airport City in Jeddah is coming up adjacent to King Abdulaziz International Airport
It is being projected as an upcoming destination for visitors from across Saudi Arabia and the GCC region
Iran spends $620m to mechanize agriculture
That amount reportedly equals 87 percent of the total budget allocated to a credit line for agricultural mechanization.The money has been used to supply agricultural machinery, tools, and equipment
These have been supplied in fields like horticulture, livestock, poultry, and aquaculture
Donkey milk soap soaking up fans in Jordan
Although other regions around the Mediterranean produce soap from donkey milk, this is the first for JordanAlthough other regions around the Mediterranean produce soap from donkey milk, this is the first for Jordan
Donkey's milk is said to be rich in minerals and proteins that can help moisturise the skin
Bahrain’s digital transactions touch $3.62bn in H1
Bahrain’s central bank has revealed that cashless transactions in the country has surged 50 percent to $744 million in August, after...The total number of payments made online and through point-of-sale (POS) machines reached 11.3 million during the month
The first half of the year saw a total of 53 million cashless payments valued at $3.62 billion, posting a 45.6 percent growth rate
Hyundai speeds up auto roll-out
Hyundai is stepping up the pace of developing hydrogen technology and plans to offer engines powered by the fuel on...From 2023, Hyundai's third generation of fuel cells will be half the price, much smaller and more powerful than their predecessors
"We aim to help foster a worldwide hydrogen society by 2040"
Aramex creates two business arms
Company also creates regional structures, each headed by a VP.While Aramex Express will handle the business-to-consumer (B2C) operations, the Aramex Logistics will serve the business-to-business (B2B) segment.
Each region in new structure will be led by a regional vice-president.
Demand for food in GCC to shoot up by 2025
Demand for food in the Gulf Cooperation Council (GCC) will reach 52.4 million metric tons (MT) by 2025, up from...The UAE and Saudi Arabia account for 75 percent of the GCC’s food consumption and demand for specific sectors is growing
GCC governments have also been investing across international farmlands in Ethiopia, Madagascar, Mali, Serbia, Sudan, Zambia, Tanzania to establish strong trade relations and incre
ADQ to list Abu Dhabi Ports on ADX
ADQ, one of the largest holding companies, has announced its plan to list Abu Dhabi Ports Company on the Abu...The listing on the ADX is expected to comprise a sale of a portion of existing shares to investors in the UAE
For the year ended 31 December 2020, Abu Dhabi Ports reported revenues of AED 3.4 billion, a growth of AED 0.7 billion (c. 24%) compared to 2019 despite the COVID-19 impact
Asian markets lifted by recovery hope, Tokyo breaks 30,000
While the mood is generally upbeat, analysts remain cautious owing to the constant threat of the pandemic.Shanghai, Sydney, Singapore, Wellington, Manila, Mumbai and Bangkok post gains; Seoul, Taipei and Jakarta the only stragglers.
Tokyo continued its march higher on stimulus hopes, while a reshuffle of the Nikkei 225 also provided healthy support.
Bahrain now ranks among top 20 in foreign investment
Bahrain has attracted three times the amount of greenfield FDI that might be expected given the size of its economy,...The Financial Times Group publication has ranked Bahrain second in the Gulf and third in the Middle East and North Africa
Bahrain obtained 3.23 points, which reflects the relatively large contribution of foreign investments to the economy, the report says.