China regulator to ban Evergrande chair from securities market for life
BEIJING, CHINA – Chinese regulators will ban the chairman of property giant Evergrande from the securities market for life on grounds...Business Economy Geostrategy
Bahrain and France sign MoU to boost tourism education
Lyon, France--Vatel Hotel and Tourism Business School Bahrain signed a memorandum of understanding (MoU) with EKLYA School of Business in...Business Tourism
UAE is focused on uniting parties in a COP that delivers for all: Al Jaber
Dr. Sultan bin Ahmed Al Jaber believes that the Caribbean region will have a key role at COP28 in bringing...Al Jaber was addressing the conference of the heads of government of the Caribbean Community (CARICOM) in Trinidad and Tobago
The minister felt that donor countries need to be nudged in order to deliver the US$100 billion pledge that they made over a decade ago
Qatar Airways’ profits fall
Its net profit dropped 21% to US$1.21bn in 2022-2023.The airline posted profit fall in spite of the rise in revenues to $21 billion and passenger numbers going up 71 percent to 31.7 million for the year
The carrier flew some 1.4 million fans to Qatar for the World Cup and yet the airline did not give any explanation for the lower profits in the fiscal year
Adaptability, innovation crucial for success in Dubai’s competitive F&B industry
Commitment, market awareness, and adaptability are keys to success in Dubai's highly competitive F&B industry, says Deepti Chawla of Infiniti...Commitment, market awareness, and adaptability are keys to success in Dubai's highly competitive F&B industry, says Deepti Chawla, Founder of Infiniti Holdings & DCloud Kitchens
The F&B sector in the UAE is expected to touch US$8.9-billion mark by 2025, with Dubai, which hosts more than 20,000 eateries, leading from the front, adds Chawla
Gas export to Europe continues via Greenstream pipeline : Libya
Vienna, Austria - Mohamed Aoun, Libyan Minister of Oil and Gas, has said that Libya is continuing its gas export...Libya developed a short-term strategic plan for the oil and gas sector, aimed at raising its oil production to two million barrels per day (bpd), said its energy minister.
Libyan National Oil Corporation's plan to overcome obstacles in the oil and gas sector includes restructuring the sector, he said.
Markets down after Chinese data flops, EU oil prices decline
London, United Kingdom - Stock markets retreated Wednesday on poorly-received Chinese data, as investors looked ahead to the reopening of Wall...All eyes later will be on the release of minutes from the US Federal Reserve's June policy meeting.
The minutes will be followed Friday by closely-watched US jobs data, a key guide to the state of the world's top economy.
Saudi Arabia says oil production cut not at odds with Russia
Oil producers are grappling with falling prices and high market volatility amid fears of global economic slowdown and the Russian...On Monday, Riyadh said that it would extend a production reduction of one million barrels per day (bpd), which began in July, to August to boost prices.
At the same time, its ally in the OPEC+ group of oil producers, Russia, decided to slash exports by 500,000 bpd in August.
UAE FDI inflows record highest ever jump in 2022: UN report
The country received the fourth largest number of greenfield projects (997), an 84 per cent increase, behind only India (1008),...In West Asia, FDI fell by 14 per cent to $48 billion, despite strong activity in greenfield projects and cross-border Mergers and Acquisitions (M&S).
Global foreign direct investment (FDI) flows in 2022 declined by 12Â percent to $1.3Â trillion, after nosediving in 2020 and rebounding in 2021.
Mubadala invests in CoolIT Systems
KKR had invested in CoolIT through its Global Impact strategy.Headquartered in Calgary, Canada, CoolIT specialises in scalable liquid cooling solutions for computing environments.
Mubadala’s Impact Investing team invests in businesses providing solutions to critical environmental or social challenges.
Turkey’s inflation rate slows to 38.2 percent in June
According to the TUIK state statics agency, the rate slowed from 39.6% in May. But a separate study released by...Many economists are warning that inflation will start growing faster because of the spending pledges made by President Erdogan during May's election
Since Erdogan extended his rule into a third decade in a hard-fought runoff election on May 28, the lira has lost more than 23% of its value against the dollar
Brazil footballer Firmino joins Saudi club Al-Ahli after Liverpool exit
Backed by the nation's sovereign wealth fund, the Saudi Pro League is luring big names from the major European leagues...Firmino left Liverpool after eight seasons at Anfield, during which time he scored 111 goals in 362 appearances and won the Premier League, Champions League and Club World Cup
His arrival at Al-Ahli was revealed by the club in a video posted to social media and comes less than a week after the team concluded a deal to sign Edouard Mendy from Chelsea
