Du, Samsung ink agreement
The two companies have signed a three-year partnership.Company News Business Tech & Media
Sweden’s gaming group Embracer divests Russian assets
Stockholm, Sweden - Swedish gaming group Embracer, which owns the Borderlands franchise and the Tomb Raider license, announced on Thursday that...Business
Musk meets Narendra Modi to discuss investment in India
Musk, one of the world's richest men, said that Modi was "pushing us to make significant investments in India, which...New Delhi has rolled out the red carpet for top global investors and companies -- including tech giants like Google and Apple -- in the last few years.
Since the coronavirus pandemic, many companies have expanded their presence in India as a way to cut their supply-chain dependence on China.
RAKEZ unveils ‘open yards’ to enhance business facilities
RAS AL KHAIMAH, UAE - Ras Al Khaimah Economic Zone (RAKEZ) has launched ‘open yards’ as part of its comprehensive...Located in Al Ghail Industrial Zone, these units are readily available for businesses seeking expansive and versatile spaces for their operations.
With the introduction of these new open yards, investors are provided with the opportunity to operate across a spectrum of over 100 activities.
Lufthansa to sell payments subsidiary
The German group will sell AirPlus to Sweden's SEB Kort Bank.It comes after Lufthansa in April announced the divestment of its LSG catering business, and last month agreed to buy a 41-percent stake in Italy's ITA Airways.
The Lufthansa group -- one of Europe's biggest airlines -- was brought to the brink of bankruptcy when the Covid-19 pandemic saw global air travel grind to a halt.
Rulebook to ease access to UAE central bank’s reference system
Abu Dhabi, UAE -- The Central Bank of the UAE (CBUAE) has launched the Rulebook, a dedicated platform on its...Rulebook is a dedicated platform on its website that hosts the CBUAE’s regulations, standards, guidelines, relevant laws and other regulatory publications.
The new Rulebook provides financial sector stakeholders with further access to the CBUAE’s regulatory publications from any device, in Arabic and English.
Three UAE lenders among top five GCC banks
Both countries attract a high level of foreign investment, which provides capital for their banking sectors. The UAE is the...In 2022, the UAE's banking sector had assets of over $1.5 trillion, and Saudi Arabia's banking sector had assets of over $1 trillion.
The UAE and Saudi Arabia dominate the Gulf Cooperation Council banking sector as both have large and growing domestic markets.
NEOM and Volocopter conduct successful flight trials of air taxis
Riyadh, Saudi Arabia -- NEOM and Volocopter have announced a series of successful flight trials of electric vertical vehicles (eVTOL),...The project is the result of an 18-month partnership between NEOM, the General Civil Aviation Authority (GCAA), and Volocopter.
The flight trials mark the first ever testing of an electric and zero-emission urban air mobility (UAM) system in Kingdom's futuristic city.
Michael Jackson’s moonwalk fedora up for auction
The King of Pop whipped off the hat, with an estimated value of $65,000-$110,000, while breaking into his hit "Billie...Other items include a guitar owned by the legendary bluesman T-Bone Walker that could fetch up to 150,000 euros and a suit worn by Depeche Mode's Martin Gore.
The hat will be the star attraction at an auction of rock-and-roll items by Drouot on September 26.
TAQA to buy SWS Holding
The energy company will pay US$462 million for the buyout.TAQA will pay 50 percent of the amount on completion of the deal and the remaining 50 percent will be paid a year later
The acquisition is expected to add some US$4.35 billion to TAQA's exisiting regulated asset value of approximately US$20.42 billion
Resumption of Saudi-Iran relations: A step towards regional, economic stability or a strategic play?
The peace deal has ignited debates on its potential to transform Middle East from a region hit by conflicts to...The bilateral peace agreement has sparked intensified debates about its potential to transform the Middle East from a conflict-ridden region to peaceful and prosperous place
Despite government-level reconciliation, Saudi-Iran ties face early-stage challenges, including Iranian aggression, and businesses in both countries risk political uncertainties
QSE unveils new trading system
It is expected to propel Qatar as an investment hub.The new platform aligns with the advanced financial market technologies deployed by exchanges like London Stock Exchange Group
A multi-asset, multi-market, trading platform, it will provide wide support a range of asset classes including equity, fixed income, and derivatives
