Jafza reports 28% year-on-year growth in 2023 of new Indian companies
DUBAI, UAE – Jebel Ali Free Zone (Jafza) is a major contributor to the growing trade between India and the...Business Economy Geostrategy
Shifting dietary trends boost MEA’s protein market
Rise of flexitarian and vegan diets in the region is driving demand for alternative proteins, with the market expected to...Business
Companies dole out US$326.7bn in record dividends in Q1
Dividends across the world spiked 12% in Q1 compared to the same period in 2022, which was already an all-time...One-off special dividends reached $28.8 billion over the three-month period, the second biggest amount since the first quarter in 2014
According to Janus Henderson, companies are forecast to shell out $1.6 trillion in dividends in 2023 as a whole
Al Dahra Group signs supply agreement with Estonian firm Golden Fields
Riga, Latvia--Al Dahra Group has signed a supply agreement with Golden Fields, an Estonian agriculture company specializing in the production...Under the terms of the deal Al Dahra Group will be supplied forage commodities by Golden Fields through its agreements in Estonia, Lithuania, Latvia and Finland
Al Dahra Group CEO Arnoud van den Berg said that owing to the partnership with Golden Fields, a promising new page has been turned for agriculture in the Baltic region
Qatar interested in developing Iraqi energy projects: Iraqi oil minister
Doha, Qatar-- Qatar is keen to obtain rights for oil and gas exploration in Iraq, according to Iraq's oil minister...The Iraqi minister exhorted international companies to take part in developing oil fields as "these investments play a big role in securing financial resources of Iraq"
Baghdad signed deals with UAE firm Crescent Petroleum and two Chinese companies in February this year for the development of six oil and gas fields
Al Mahhar to list on QSE
Some 207mn shares will be on QSE through direct listing.Firms wanting to list in the QEVM category need to have at least 20 non-funding shareholders who own no less than 10% of the company's capital upon listing
Upon listing the company's founders have permission to sell and trade no more than 30% of their shares, provided they retain 60% of their shares
Apple to tie up with Broadcom for 5G telecom networks
The company will collaborate with US tech firm Broadcom in order to make "cutting edge" parts for wirelessly connecting to...Apple CEO Tim Cook said the company is "thrilled" to make commitments that harness the ingenuity and innovative spirit of American manufacturing
The alliance will include designing and manufacturing sophisticated radio frequency components and other "cutting-edge wireless connectivity" parts in US
Changing customer demand, other challenges keep GCC marketing and event industries in evolution mode
Challenges faced by the two industries include shifting preferences, increased competition, budget limitations, talent shortages and post-COVID-19 changes, says a...Challenges faced by the two industries include shifting preferences, increased competition, budget limitations, talent shortages and post-COVID-19 changes, says a UAE-based expert
Brands and clients are seeking innovative, engaging events that provide tangible value as the future of events is likely to involve a mix of in-person, hybrid and virtual formats
India’s largest jeweller participates in Kuwait gold and jewellery show
Kuwait: Tanishq from the House of Tata is showcasing its range of gold and diamond jewellery at the Gold and...An important platform for designers, global jewellery retailers, wholesalers, and suppliers, the highly regarded annual event attracts industry stalwarts
Tanishq which is participating for the first time will exhibit a range of gold and diamond jewellery including the brand’s most popular collections
Qatar Airways boss skeptical on aviation industry’s 2050 net zero target
DOHA, QATAR -  Qatar Airways' chief executive on Tuesday doused hopes that the aviation industry can become carbon neutral by 2050,...Not enough sustainable aviation fuel is being produced, and technological hurdles remain to using hydrogen as a replacement.
In 2021, the International Air Transport Association's member airlines committed to achieving net zero carbon emissions by 2050.
Gazprom 2022 profit at US$15bn Â
With Europe off limits, Gazprom has turned toward Asia.Gazprom said, "Profit margins were impacted by an increase in tax payments in the second half of the year."
Western sanctions have heavily impacted the company headed by Alexei Miller, a close ally of President Vladimir Putin.
Meta sells Giphy at over $260m loss
Meta had purchased Giphy in May 2020 for $315 million.Shutterstock paid $53 million in cash for Giphy in a deal that came months after the divestment order by Britain's CMA.
Since the UK left the European Union in 2020, the CMA has proven to be one of the toughest antitrust regulators of big tech companies.
