ADNOC Gas to pay $3.41bn dividend
It includes $1.7 billion scheduled for distribution in Q2 2025.Company News Business
Heathrow to resume some flights after power station fire
London's Heathrow Airport said it would resume "some flights" later Friday after a fire at a power station grounded planes...Business
Apple makes changes to App Store after EU warning
From the autumn, Apple said developers in the EU "can communicate and promote offers for purchases" wherever they want, for...The EU said the App Store terms prevented app developers from freely steering consumers to alternative ways to pay
This makes Apple the first ever tech firm to face accusations of breaching a new law known as the Digital Markets Act
Oman, China bilateral trade grows by 8% to $15bn till May
The volume of bilateral trade between the Sultanate of Oman and the People’s Republic of China has increased 8% in...The major projects in Oman are in new energy, mining, electricity generation, IT and communications
Chinese investments in Oman stood at over US$6.6bn
Saudi Arabia submits official bid to host FIFA World Cup 2034 after successful Qatar event in 2022
The next steps include official visits by FIFA and a comprehensive evaluation of the bid.This bid highlights Saudi Arabia’s commitment to Vision 2030
Saudi Arabia is currently the sole nation bidding for the 2034 World Cup
US defends forcing sale of TikTok app
TikTok's suit argues this violates First Amendment rights of free speech.US intelligence agencies are concerned that China can "weaponize" mobile apps, justice department officials said
A bill signed by President Joe Biden early this year set a mid-January 2025 deadline for TikTok to find a non-Chinese buyer or face a US ban.
GACA and SBJBC strengthen saudi-UK aviation ties in London roundtable
Led by GACA President, the meeting featured the British Ministry of Transport, the SBJBC, and key aviation industry leaders.The discussion emphasized the strong commercial and investment partnership between Saudi Arabia and the UK
The meeting also highlighted various investment incentives in the Saudi aviation sector
World’s richest 1% gained $40 trn in a decade: Oxfam
Paris, France - The world's richest one percent increased their fortunes by a total of $42 trillion over the past decade,...Despite this windfall, taxes on the rich had plummeted to "historic lows", the NGO added, warning of "obscene levels" of inequality
Brazil has made international cooperation on taxing the super-rich a priority of its presidency of the G20, a group of countries representing 80% of the world's GDP
Riyadh’s “Global Sports Tower” designs approved
Led by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, the initiative's purpose is to elevate the...Standing at 130 meters, the tower will feature over 30 sports facilities
Designed with a blend of traditional and modern Salmani architecture, it promises to be a distinctive addition to Riyadh's skyline
‘Digital transformation levels the playing field for GCC small businesses’
Digitalization is revolutionizing GCC entrepreneurship, offering vast opportunities and challenges, and driving innovation and growth, Jigar Sagar, an influential figure...GCC entrepreneurs benefit from reduced operational costs and enhanced productivity through digital technologies like automation, AI, and data analytics, says Sagar
Women entrepreneurs in the GCC face unique challenges but show remarkable resilience and determination to succeed in business, he adds
Boeing to plead guilty to criminal fraud charge stemming from 737 Max crashes
Boeing agreed to plead guilty to a criminal fraud charge tied to the fatal 737 Max crashes, the Justice Department...Boeing agreed to pay a $243.6 million fine
.The guilty plea would brand the planemaker a felon and could complicate its ability to sell products to the U.S. government
Trump Tower agreement announced in Jeddah following luxury hotel deal in Oman
A Trump Tower is coming to Saudi Arabia, a regional developer announced on Monday, Al Monitor reported.Dar Global and the...Former US President Trump reportedly spoke with Saudi Crown Prince Mohammed bin Salman last April
The Trump Organization and Dar Global unveiled Trump International Oman, a luxury hotel and golf course at AIDA
