Tesla stops production at German plant after suspected arson attack
Michael Stuebgen, interior minister for Brandenburg state, said that "if initial findings are confirmed, this is a perfidious attack on...Business
UAE F&B sector set to soar, projected to reach $20bn in 2024
Dubai, UAE - The UAE’s foodservice market is poised to reach $19.98 billion in 2024, with further projections indicating a substantial...Business
Qatar shakes off post-World Cup blues with big spending
Akbar al-Baker, head of Qatar's tourism agency and Qatar Airways, said hotel occupancy in the months after a World Cup...Luxury hotels built for the tournament in Qatar have laid off hundreds of staff as rooms costing thousands of dollars a night during the tournament can no longer be filled
Qatar has made investments in tourism and hosting more major events a focus and it will welcome more than five million visitors this year, says the head of Qatar's tourism agency
Iran-EU trade posts 9.2% drop to US$847mn in first two months of 2023
Tehran, Iran--Iran and the European Union traded $847 million worth of goods during the first two months of 2023, registering...Eurostat data shows Germany was the top trading partner of Iran in the EU region during the period, as the two countries exchanged $279 million worth of goods
The Islamic Republic exports to the EU jumped to $1.08 billion in 2022 as against $904 million in the same period of last year
Twitter to permit publishers to charge users on a per-article basis
The announcement came as Musk has struggled, amid frequent controversy, to make Twitter profitable. The per-article approach, some Twitter users...Musk said the plan would begin next month, but provided no details on exact pricing or what cut Twitter would take
It raises questions about how exactly he hopes to make the micro-payment approach work when others have failed
Investors set to boost allocations to gold, miners
Rallying of gold prices and growing concern about a potential global banking crisis are seen as key reasons for the...Rallying of gold prices and growing concern about a potential global banking crisis are seen as key reasons for the increased allocations, says a latest global report
Gold and gold mining stocks are likely to make up 6 percent or higher of core holdings, believe 60% investors, adds Tresor Gold, a data-driven gold mining company
DET to highlight Dubai’s tourism in Arabian Travel Market
DUBAI, UAE - Dubai’s Department of Economy and Tourism (DET) is likely to display the diversity of the Emirate's destination,...DET is supposed to highlight how the city’s tourism industry is supporting the journey towards achieving the UAE’s Net Zero 2050.
DET will showcase cuisine from Emirati businesses and local, homegrown brands whilst ensuring that all giveaways are sustainable.
Jordan’s exports to EU nations in January,  February 2023 rose to US$87m
AMMAN, JORDAN - Value of Jordanian exports to European Union countries increased during January-February period of 2023, by 108.5 percent...Jordan's imports from the EU nations in January, February 2023 rose to reach US$671 million.
Trade exchange between Jordan and EU countries in January, February 2023 amounted to about US$758 million.
NMDC achieves 366% growth
The group's revenue doubled, reaching $0.87 billion.The group's revenue has also doubled, reaching $0.87 billion in Q1 2023, compared to $0.42 billion in Q1 2022, a growth of 106 percent
NMDC Group has upcoming projects in Southeast Asia and South Asia, highlighting the confidence of the industry and clients in the Group's competencies
Abu Dhabi to host electric-run aircraft, drone manufacturing plant
Abu Dhabi, UAE-- Monarch Holding and Chinese company EHang Holdings have signed an agreement to establish the first facility in...Apart from making electric aircraft and drones, the two partners will set up a command-and-control centre to manage urban air mobility autonomously
The collaboration is also expected to result in an advanced infrastructure for vertiports and an autonomous flight management system operated by AI
Becht scours for partners in Saudi Arabia, Oman to widen operations
Riyadh, Saudi Arabia-- Becht, an American engineering services company, has revealed that it is in talks with potential partners in...The company's director for the Middle East said discussions with companies in Saudi Arabia were also going on for striking partnerships
Van Der Beek said that Becht hopes to sign a number of downstream contracts with firms in Oman within a year
Man Utd bidding war: Sheikh Jassim, Ratcliffe make their final offers
While Sheikh Jassim's latest offer is reported to be over £5 billion ($6.2 billion), the size of Ratcliffe's improved bid...Sheikh Jassim is in a bidding war with Ratcliffe after the pair emerged as the main contenders to buy the Premier League club from the Glazer family
Sources said Sheikh Jassim's bid for 100 percent control of the club comes with the promise of significant additional funding for transfers and infrastructure
