Business - TRENDS MENA

DUBAI, UAE- IFZA Dubai signed an agreement with Zoho to provide the members of the IFZA Free Zone community with...
Zoho One is a cloud-based platform that enables businesses to perform all their functions on a single interface, accessible from anywhere.
It is a part of IFZA’s commitment to support its Free Zone community in their compliance to the upcoming implementation of the Corporate Tax.
BT employs 130,000 staff, including contractors.
The news follows the axing this year of tens of thousands of jobs across the global tech sector.
BT is implementing further cutbacks, having slashed costs under a plan launched three years ago.
ABU DHABI, UAE - Abu Dhabi Future Energy Company (Masdar) has announced that it has nearly doubled its clean energy...
Masdar announced that it has nearly doubled its clean energy capacity and CO2 displacement in just two years.
Masdar has invested, or has committed to invest, in projects globally with a combined value of more than US$30 billion.
Two thirds of Walmart sales originate from US.
Walmart now sees full-year adjusted profits of $6.10 to $$6.20 per share, up from the prior range of $5.90 to $6.05.
Profits were $1.7 billion, down 18.5 percent from the year-ago period. Revenues were $152.3 billion, up 7.6 percent.
Aviation sector is flying high after a tumultuous period
The carrier added that revenues soared 80 percent to £2.7 billion ($3.36bn) on higher ticket prices and increased capacity.
Costs, however, leapt 52 percent to £3.1 billion ($3.85bn) on a "significantly" increased jet fuel bill and "industry-wide" inflationary pressures.
The convicts were found guilty of engaging in economic activity using the provision of credit facilities through points of sale...
The court also ordered confiscation of the seized funds and deportation of the convicted persons from the country once they serve their sentences.
The seven companies involved in these crimes were fined AED10 million each by an Abu Dhabi court that has a jurisdiction over money laundering and tax evasion offences,
The company achieved a 145 percent growth compared to Q1 2022.
SGH generated total revenues of SAR628 million in Q1 2023, the highest the group has ever achieved in a single quarter.
On a group level, the group served a total of 21,000 inpatients and 495,000 outpatients in Q1 2023 and four new facilities were added to the network.
The 10-year sukuk was priced with a 4.875% coupon rate.
The issuance was oversubscribed, drawing investors from the region and beyond who placed orders to the tune of $2.3 billion
The proceeds from the sukuk will be utilized in accordance with Aldar’s Green Finance Framework, which governs investment in sustainable projects
The new appointments meant for upstream and downstream business.
Nasir K. Al-Naimi, who has been apponted as President of its Upstream business, has held the position of Upstream Executive Vice President since April 1, 2021.
Mohammed Y. Al Qahtani, President of its Downstream business, has served as Aramco’s Downstream Executive Vice President since September 13, 2020.
The oil derived from the famed Damask rose--named after the ancient city of Damascus located just across the mountain range...
After a morning collecting roses, the Qsarnaba workers drop their fragrant bundles at a warehouse in the village where they are paid based on their harvest
At the village facility carpeted with pink petals, Zahraa Sayed Ahmed buys the raw materials to produce her rose water, syrup, tea and jam