Germany ready to sell Eurofighter jets to Saudi Arabia: minister
"We do not see ourselves, as the German federal government, opposing British considerations on other Eurofighter (sales)," Baerbock told journalists...Business Geostrategy
Utilizing AI is only possible if skill gap is bridged, says expert
DUBAI, UAE - The Artificial Intelligence (AI) revolution is upon us, with AI becoming a pervasive force in our daily...Business Economy Global Tech & Media Uncategorized
Shadow of Syria’s exiled haunts revived Aleppo souk
Aleppo, long considered one of Syria's main commercial hubs, has lost many of the merchants and businessmen who once gave...Aleppo, long considered one of Syria's main commercial hubs, has lost many of the merchants and businessmen who once gave the city its economic edge
The vast souks, the oldest of their kind in the world, stretch from the western part of the Old City to the gates of the citadel in the east
UAE outsmarts competitors in luring foreign investors
The UAE government's recent decision to slash the fee to set up a business by 94% to US$272 is expected...The UAE Government has slashed the fees for setting up a business by about 94% to only US$272 (AED 1,000)
In A T Kearny’s FDI Confidence Index 2021, the UAE gained four places – from 19th rank in 2020 to 15th rank in 2021
Investcorp sells PRO Unlimited
EQT Private Equity has bought it from the Bahrain-based asset manager.The transaction was first announced on June 28, 2021
The Bahrain-based asset manager had acquired PRO Unlimited in October 2014
‘Fly Arna’ Armenia’s new national airline
The new national airline is a joint venture between ANIF and Air Arabia.The name was chosen by the joint venture company from over 500 suggestions
ANIF and Air Arabia Group had agreed to launch Armenia’s new national airline in July 2021
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
