Adidas sells Reebok to Authentic Brands Group in $2.5bn deal
Adidas in 2006 acquired Reebok — till then an independent entity with a history that can be traced back to...Reebok is the latest big brand under ABG, which already owns Arrow, Brooks Brothers, Forever 21, Sports Illustrated, and Van Heusen
It also owns the likeness rights or estates to celebrities like Muhammad Ali, Elvis Presley, Shaquille O'Neal, and Marilyn Monroe
Oman, India ink MoU to cooperate on mining
The agreement will aid the exchange of laws and regulations endorsed by the two countries, and data about investment opportunities.The two sides will encourage cooperation in exchanging experiences in innovation and application of techniques
They will also explore modern methods of excavation for minerals and development of industries based on such ores
Chevron JV wins $240m Bapco deal
This is the largest catalyst management deal in Bapco’s history.This is an exclusive five-year agreement, which includes an option to renew for an additional five years
The resulting plant would be known as 1RHCU when fully operational in 2023
Shareholders okay Arkan merger
Arkan will merge with Emirates Steel by the end of this year.The key terms of the merger were proposed in May this year by Emirates Steel’s parent company Senaat
They are to transfer Emirates Steel to Arkan in consideration for the issuance by Arkan to Senaat of a convertible instrument
Dubai records $1.2 billion realty deals
AED 2 billion worth of properties were mortgaged, the highest being a plot of land in Al Hebiah First, mortgaged...The highest number (21) of sales worth AED 59.14 million were recorded in Nad Al Shiba Third.
AED 2 billion wroth of properties were mortgaged, the highest being a plot of land in Al Hebiah First, mortgaged for AED 333 million.
Popular Buraidah dates daily sales worth $400k
About 400 refrigerated trucks transport hundreds of tons of 45 varieties of dates to specialized factories in big cities.The region has the highest number of date palm trees among all the kingdom’s regions.
About 400 refrigerated trucks transport hundreds of tons of 45 varieties of dates to specialized factories in big cities.
Bank ABC Islamic H1 gains hit $19.2m
The profit absorbed a one-off fraud-related impairment in 2020.The profit reflects the bank's success in returning to normal performance after absorbing the one-off exceptional fraud related impairment in 2020
Other key highlights include the total operating income of US$21.5 million which is 8.1% lower than the same period last year
Cargo ship splits in two after running aground at Japan port
Aerial images showed the separated stern of the Crimson Polaris tipped upwards and the other part of the stricken boat...Aerial images showed the separated stern of the Crimson Polaris tipped upwards and the other part of the stricken boat listing into the sea
Authorities were trying to contain the oil leak but had not yet been able to erect an oil fence around the boat
Emiratis in 18-24 age group 61 percent of Expo 2020 volunteers
The Expo Volunteers Program is an opportunity to gain lifelong skills and build connections, say Expo statement.Volunteers drawn from all segments of society will manage the 182-day event's vast array of activities, events.
The Expo Volunteers Program is an opportunity to gain lifelong skills and build connections, says Expo statement.
Dubai hotels may work full capacity
Under new Covid-19 directions for tourism sector, the number of participants in community events has been increased to 2,500 for...The number of participants in community events increased to 2,500 for indoor activities and 5,000 for outdoor functions with no mandatory vaccination.
Recreational and entertainment destinations such as museums, cinemas, exhibitions and tourism spots may increase their capacity to 80 percent.
TSMC’s H1 revenue up 40 percent
Robust demand for AI technology behind the surge.
‘Wadeem’ sold out for $1.49bn
This is the highest Abu Dhabi real-estate release to date.
Tesla Q2 sales down 13.5%
Shares rally after the disclosure, better than some forecasts.
TomTom cuts 300 jobs
The firm said it was realigning its organization as it embraces AI.
Aldar nets $953m in sales at Fahid
Aldar said 42 percent of the buyers are under the age of 45.
