Warner Brothers Discovery explores merger
Warner Brothers Discovery brands include CNN and HBO.Company News Business
Arabian Travel Market ties up with ICCA, GBTA as business set to touch US$1.8trn
Dubai, UAE--Arabian Travel Market (ATM) has entered into a partnership with the International Congress and Convention Association (ICCA) and the...Business
Expo 2020: Syria pavilion to display world’s first alphabet
The war-ravaged nation has themed its participation ‘We Will Rise Together’, inspired by its rich cultural past and future aspirations.Visitors can learn about the development of early writing systems and alphabets across the nation.
An interactive recital of humankind’s oldest musical notation will be held at the pavilion.
Prices of Dubai villas go through roof
Prices of villas and apartments have leaped up in Dubai by as much as 27 percent in the second quarter...Property management company Asteco says gradual recovery continues in Q2, with price surges in some areas
Jumeirah Park saw the highest rise in sales price increase - 27 percent from Q1 to Q2 2021
Portal to connect engineers with clients in Saudi Arabia launched
Details of the providers of services such as surveying consultancy, design contracts, boundary supervision and turnkey contracts will be available...It will have details of registered businesses that can provide the required services in specific areas.
Saudi Council of Engineers expects the portal to enhance competition, transparency.
Kuala Lumpur-based IILM reissues $1.25 bn short-term Sukuk
IILM's Governing Board includes the central banks and monetary agencies of UAE and Qatar as members. It is a regular...The competitive tender was oversubscribed at an average rate of 1.6 times.
IILM’s year-to-date cumulative issuances reaches $9.36 billion through 24 Sukuk.
Mubadala Capital closes fund after raising $1.6 billion
The Fund III is focused on direct investments in North America and Europe in media, sports and entertainment, consumer and...Capital commitments raised from a diverse set of new and existing investors.
Mubadala Capital said it opened offices in New York and London to better capitalize on investment opportunities.
Saudi Arabia leads GCC AI healthcare race
Experts predict AI will contribute $320 billion to the Middle East economy by 2030 and virtual care, remote patient monitoring...Saudi Arabia is predicted to benefit the most from the shift to AI among the six GCC countries
AI is expected to contribute $15.7 trillion to the global economy by 2030.
Pizza Inn to open 5 stores in Qatar
Founded in 1958, Pizza Inn is an international pizza chain featuring traditional and specialty pizzasFounded in 1958, Pizza Inn is an international pizza chain featuring traditional and specialty pizzas
International deal paves way to open more locations
Aramco plans $20m stock swap with Reliance Industries
Saudi Aramco chairman Yasir Al-Rumayyan was inducted into the RIL board in June in the run-up to this deal.This is expected to be an all-stock deal, where Aramco will get a 20% share of RIL for about $20-25 billion worth of its own shares
Based on Aramco’s valuation of $1.9 trillion, the transaction would give RIL a 1 percent stake in Aramco
PIF ups Activision Blizzard holding in second quarter
The sovereign wealth fund is at the center of the kingdom's plans to transform the economy by creating new sectors...During Q4 2020, PIF acquired 14.9 million shares of US video-game maker Activision.
Its other purchases last year included 7.4 million Electronic Arts shares and 3.9 million Take-Two shares worth about $1.1 billion and $826 million.
Tabreed plans to divest its $113.5m stake in Qatar Cool
Tabreed, the Dubai-listed National Central Cooling Company, will divest nearly 44 percent of its stake in Qatar District Cooling Company (Qatar...Assets located in non-core market for the firm
The transaction is estimated to be around 417 million dirhams ($113.5 million) and will not have any “material impact” on the firm,