Business - TRENDS MENA

New York, United States -- US airlines and aerospace manufacturers insist they have no use for tariff protections, warning that...

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
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
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
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
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
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.
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.
The company will invest through acquisitions and JVs.
Abu-Dhabi Securities Exchange-listed Invictus is a prominent trader with growing business in the African markets.
Invictus recently reported completing over one million metric tons of agro-commodity exports to Egypt during 2023.
The plan was to boost New Delhi's self-reliance in the technology supply chain, given that semiconductors are an essential component...
Foxconn and Vedanta signed in September to set up a chip factory in India's Gujarat state but on Thursday Taiwanese firm said both parties mutually agreed to part ways
Vedanta did not confirm pull-out, it said that it is fully committed to its semiconductor fab project, adding that there are other partners in line to set up India's first foundry
The revenue for the period ended May 2023 reached $193m.
Taaleem's net profit grew marginally by 1 percent YoY to reach 28.2 percent, while the like-for-like net profit margin saw a 2.4 percent YoY improvement.
The growth in net profit is primarily attributed to the operational efficiency and increasing enrollment in the company's Premium schools portfolio.