QFC signs two MoUs
MoUs with BFB, Partior were inked during Web Summit 2024.Company News Business Banking & Finance
China Renaissance, investment bank, suspends share trading
Beijing, China--Investment bank China Renaissance suspended trading in its Hong Kong-listed shares on Monday, saying the disappearance of its chairman meant...The bank said it could not publish its audited 2022 results in the absence of its chairman having gone missing
Bao Fan, the group's billionaire chairman and executive director, is among the latest high-profile financiers to fall foul of the authorities
New York Times loses Twitter verification on main account
The New York Times was among news media companies, firms and charities that had already lost their blue tick and...The New York Times said it would not pay for a verified business account and would subscribe for a blue tick only for journalists
As of Sunday, the organization's main account, with nearly 55 million followers, had lost its gold checkmark
NREC 2022 profit declines
The company announced Earnings Per Share of 10.1 fils.The company also announced an Earnings Per Share of 10.1 fils for the last year, compared to an EPS of 112.2 fils in 2021
Its operating revenue came in at $85 million for the year ending December 31, 2022, compared to $106 million in 2021
Iraq to speed up resumption of oil exports from Kurdistan region
Baghdad, Iraq--Iraqi oil ministry has affirmed the federal government's keenness on speeding up the resumption of the Kurdistan region of...The ministry stressed the importance of resuming oil exports in the wake of the decision by the international court, and resolution of "technical issues"
It also highlighted the significance of revenues in supplying the federal budget as per the agreed quantities, saying that it expressed all of this in bilateral meetings
Improving ICT infrastructure and digital skills to bolster tourism in Emerging Asian economies
The pandemic changed tourist preferences, with greater interest in local travel, nature destinations, and wellness tourism. It also heightened awareness...Tourism is beginning to rebound as restrictions implemented in response to the COVID-19 pandemic have been lifted, says an OECD report
The post-lockdown reopening of China will serve to counterbalance and provide a necessary economic boost for the region, it predicts
Major oil powers slash production ahead of OPEC+ meet
Cuts by the Saudis, Iraq, UAE, Kuwait, Algeria and Oman from May to the end of the year will total...Russia, a member of OPEC+, said it was also extending its cuts of 500,000 bpd to the end of this year, calling it "a responsible and preventive action".
The cuts were announced despite calls from the US to raise production as consumption rises and as China, the world's biggest oil consumer, reopens after its Covid shutdown.
GKSD to invest in Middle East
The investment was announced during Investopia 2023.'Smart Clinics', which was hailed as one of the key outcomes of the conference, is a new concept in the healthcare sector that focuses on improving life quality.
Gruppo San Donato, a private hospital group in Italy, and UAE Ministry of Economy, are part of an MoU for the Smart Clinics program.
UAE highlights ways to enhance education system at UK meet
DUBAI, UAE - A UAE group highlighted its technological programs and initiatives aimed at boosting the educational system and reviewed...The UAE emphasized the significance of the event to explore the future of EdTech and ways to benefit from its applications.
It has launched initiatives that attract international academic expertise to improve the integrated educational model.
Dubai Chamber reviews software development, Artificial Intelligence sector
DUBAI, UAE - Dubai Chamber of Digital Economy highlighted software development and artificial intelligence (AI) industry in its 10th session...Various executives, business leaders and experts of the digital industry discussed at length the challenges and opportunities present in the sector
Dubai aims to become a top destination for global digital investment and tech talent and is attracting software development professionals,
UBS-Credit Suisse merger could see 36,000 job cuts globally
Geneva, Switzerland -- The merger between banks Credit Suisse and UBS could see up to 36,000 jobs being cut across...The takeover of Credit Suisse was arranged by the Swiss government to prevent a global financial meltdown, following fears of contagion from the collapse of banks in US.
Up to 11,000 jobs could be cut in Switzerland alone, according to the weekly SonntagsZeitung, which did not provide details of which posts could be targeted.
