Over 12m people visit Riyadh Season in 60 days
RIYADH, SAUDI ARABIA - Two months after their launch, on October 11, 2023, Riyadh Season events had already attracted 12...Arts & Culture Business Tourism
Saudi Arabia’s ACWA Power plans $1bn IPO
The Saudi utility developer -- half-owned by the the Kingdom's Public Investment Fund, plans to issue 85.3 million shares --...Only about 81.2 million shares, representing 11.1 percent of the company, will be offered to the public
A bidding and book building process for institutions will start on September 15 and end on September 27
Iran discusses oil cooperation with China
Iran is hard pressed to sell its oil to countries across the world due to the sanctions placed by the...Iranian Oil Minister Ali Owji has met discussed ways to increase cooperation with the CNPC
CNPC’s Middle East department deputy head Libin Zhang met Owji in Vienna on Thursday
Gulf, Asian markets hurt amidst concerns about Chinese economy
The sentiment gets a jolt after Chinese regulators gives dressing down to ride-hailing giant Didi Chuxing and ten other car...Major stock markets in the Gulf remain weak in line with Asian shares that slide on concerns about Chinese economy after a run of soft data
Series of measures against Chinese tech firms as well as other sectors including private tuition, property and video games hurt the world markets
DFM’s trade count up 161% after minimum trading commission waiver
Total number of trade count on Wednesday’s trading session reached to 6739 transactions, the highest level of daily trade count...The DFM General Index gains 13.6 points (0.50 percent), taking its 2021 gains to 17 percent
The DFM decision to waive minimum trading commission is aimed at promoting retail investors’ participation in the market
Twitch video gamers go offline to protest ‘hate raids’
The protest organized using the social media hashtag #ADayOffTwitch was intended to get Twitch to do more to protect streamers...The extent of the protest remained unclear, but a TwitchTracker website indicated that there were nearly 4,000 fewer channels streaming at Twitch than the daily average
The protest organized using the social media hashtag #ADayOffTwitch was intended to get Twitch to do more to protect streamers from attacks
Twitter lets star users make money from subscriptions
The move came as Twitter strives to be a preferred online venue for clickable stars and to boost its own...The move came as Twitter strives to be a preferred online venue for clickable stars and to boost its own income in ways that don't clutter the platform up with ads or promotions
The company, which has more than 200 million active users, is looking for new ways to generate revenue without further more advertising
UAE financial organisations under pressure to enhance security: Study
Banks and FSIs come under pressure from government, shareholders, employees and customers as security risks increase during the pandemicBanks and FSIs come under pressure from government, shareholders, employees and customers as security risks increase during the pandemic
Citrix worked with OnePoll to survey 600 IT managers in the financial services and banking sectors in South Africa, Saudi Arabia and UAE
Now website owners may apply for ‘.abudhabi’ domain names
Abu Dhabi’s Department of Government Support has announced ‘.abudhabi’ as the official internet TLD name for the emirate.The domain name is accessible to all citizens, residents, and employers working inside and outside the emirate
More than 550 uniform resource locators or URLs have been registered to the ‘.abudhabi’ domain name to date
Four major UAE banks post $4bn net profit in first half
The combined net profit of four major banks in the United Arab Emirates has vaulted to $4 billion in the...Moody's said the four banks combined net profit increased from last year, but returns on assets remains below pre-pandemic levels
The four big banks account for 77 percent of UAE banking assets, Moody’s said
Investcorp, Riverside sell Arrowhead Engineered Products
Investcorp, a Bahrain-based alternative investment management firm, and global private investor Riverside Co. have sold Arrowhead Engineered Products (AEP) to...Private equity firm Genstar acquired the replacement parts supplier
The financial terms of the transaction were not disclosed
