AstraZeneca to buy Fusion
The $2.4bn deal is its latest expansion into cancer treatments.Company News Business
Dubai Chambers launches program to enhance customer service
DUBAI, UAE – Dubai Chambers is taking a big initiative for ensuring that businesses in the emirate provide excellent customer...Service Excellence Program will evaluate the quality of customer experience through mystery shopper reports.
The initiative will ensure the implementation of global best practices within Dubai’s business community.
Multiply Group buys stake
A minority stake in Breakwater Energy cost it US$100m.The group by virtue of its new acquisition will become part owner of a profitable and cash-generative, diversified global upstream portfolio
It poured some US$2.72 billion last year into Abu Dhabi National Energy Company (TAQA), an integrated utility champion in the EMEA region
ROSHN inks MoU with Expro to develop real estate in Saudi Arabia
Riyadh, Saudi Arabia--ROSHN, the Saudi real estate developer, has signed a memorandum of understanding (MoU) with the Expenditure and Project Efficiency...The partnership between the two will increase the sustainability of the PIF-backed giga project and also ramp up its activities
The cooperation with leading groups in the nonprofit sector is designed to lift up the quality of life for the underprivileged families
Egypt to receive first batch of Iranian tourists in era of restored ties
Tehran, Iran-- After years of frosty relations between the two countries, Egypt and Iran are set to restore ties with...According to the Egypitan tourism minister, Iranian tourists will arrive in the country and visit southern coasts of Sinai, Nubia and Taba
Haitham bin Tariq, the Sultan of Oman, played a pivotal role as a mediator in ending years of enmity between Egypt and Iran
Top Middle East bankers leave Credit Suisse for HSBC
Dubai, UAE - Credit Suisse Qatar CEO Aladdin Hangari is joining HSBC. Patrick D’Amico, a Zürich based Credit Suisse Managing...HSBC is a dominant player in the Middle East for commercial and private clients
The bank is set to expand its coverage of ultra-rich clients across the MENA region
Iraq to pay for Iranian gas imports with oil: Iraqi PM
The Iraqi prime minister said the decision to pay for Iranian gas imports with oil corresponds with the mechanism agreed...Iran cut its supply of gas to Iraq by nearly half some ten days back because of unpaid bills of more than $12 billion
Gas stoppages have worsened the frequent power outages in much of Iraq during the hot summer months
UAE signs air transport services agreement with Austria to boost trade
Vienna, Austria-- Looking to ramp up trade and business relations, the United Arab Emirates has signed an air transport services...UAE's ambassador to Austria said that the signing of the agreement will enhance relations, creating new opportunities for trade between the two countries
The Austrian official said the agreement will benefit transport companies in both countries and support the tourism sector, apart from boosting trade
OECD urges wealthy nations to prepare for ‘AI revolution’ impact
Paris, France - The world's wealthiest nations must urgently prepare for the impact of an imminent "AI revolution" that will change..."While there are many potential benefits from AI, there are also significant risks that need to be urgently addressed," said the OECD
The OECD said it was "vital" to gather better data on AI uptake and use in the workplace, and its effects on the job sector
Meta loses more: Zuckerberg takes threads fight to European Union
Threads, billed as the killer of Twitter, a platform that has tumbled into chaos under the leadership of mercurial tycoon...Meta said it could not be released in Europe because of "regulatory uncertainty" around the Digital Markets Act
Analysts believe Meta will give Threads to the rest of the world and Europeans will become so vexed at missing out that they will pressure the EU to water down the Act.
Wall Street stocks up amid signs of broadening in equity market
New York, United States - Wall Street stocks mostly rose early Tuesday amid signs of greater broadening in the equity market...Energy and materials were two other sectors showing early gains, while technology was lower. Tech gains were at the heart of the stock market's buoyant first semester of 2023.
Markets are looking ahead to Wednesday's consumer price index report, a critical data point for the upcoming US Federal Reserve decision.
