Reliance, Disney announce giant India media merger
The statement said Disney will hold 36.8 percent, Reliance will hold a 16.3 percent stake, and Viacom18 another 46.8 percent....Business
Nissan plans self-driving taxi service in Japan
It has been testing self-driving mobility services since 2017.Business
Dana Gas proposes dividend
The company had reported a net profit of $182 m for 2022.A payout of 4.5 fils per share for the second half of 2022 would take the total dividend payment for 2022 to AED630 million ($171.5m)
The increased payout reflects higher global energy prices and the company’s good operational performance for the year, Dana said.
Tabreed to pay record dividend
Dividend of 13.5 fils per share highest ever in company's history.The dividend marks an increase of 1.5 fils per share on the 12 fils per share equivalent paid to shareholders in 2022.
Tabreed said it added nearly 55,000 refrigeration tons of new connections in the UAE and across the region.
Bahrain central bank treasury bill issues’ value reaches $5.3 billion
Manama, Bahrain – The Central Bank of Bahrain (CBB) has issued treasury bills with a maturity period of 12 months.The...The issue date of the bills is 23 March 2023 and the maturity date is 21st March 2024.
With this issue, the total outstanding value of government treasury bills reached BD2 billion ($5.3 billion).
Women leadership key to sustainable future
Women in the region need to be patient, attentive, and teachable to succeed at building a business. The skills women...Women in leadership roles can motivate next generation to work towards a sustainable future, says Maryam Al-Mansoori of Rebound Plastic Exchange
Women can get a head start on their career by picking the brains of successful businesspeople and getting their feet wet at a young age, she adds
Women need more agency to achieve equality
Women's achievements at all levels during the past 50 years are widely regarded as an essential foundation for shaping the...Emirati women succeeded in proving themselves in society as mothers and in the financial world as hard workers and leaders, says an expert.
Women's achievements at all levels during past 50 years form an essential foundation for shaping the UAE's future, adds Alia Al Serkal of du
Emirates NBD arranges sukuk
The inaugural $600m sukuk saw orders of over $2.2 billion.The profit rate was tightened by 30 basis points to 5.85%, at a spread of 185 basis points over US treasuries due to the robust order book.
Middle Eastern investors received 80 percent of the sukuk allocation, Emirates NBD said.
Haute couture to upcycled outfits: Iraq fashionistas champion climate-friendly vintage wear
Haute couture has given way to upcycled outfits, sourced entirely from used clothes, as the models strut, pause and pivot...The global fashion industry accounted for two percent of greenhouse gas emissions in 2019, according to the World Resources Institute
Campaigners and a growing number of climate-conscious social media influencers have led a push toward sustainable fashion
SRC, Alrajhi sign refinance deal
SRC is looking to expand its refinancing portfolio.SRC said that the agreement is the latest in a series of similar deals to support mortgage financiers and originators
It will provide liquidity, capital management, and balance sheet de-risking solutions to enhance real estate financiers’ capacity
US government seeks to avoid ‘bailout’ label amid banking turmoil
Days after SVB's collapse this month, the Treasury Department, Federal Reserve and Federal Deposit Insurance Corporation (FDIC) announced that its...In the 2008 financial crisis, authorities spared shareholders and bondholders, said David Smith, professor of commerce at the University of Virginia
But "there's no bailout" this time in the sense that officials are protecting depositors rather than shareholders and bondholders, Smith said.
Amazon plans more job cuts
The online retail giant axed 18,000 jobs in January.The layoffs account for a smaller percentage of Amazon's total workforce, which ran up to 1.5 million people in December 2022, than the cuts seen at some other tech giants.
The cuts would mainly impact Amazon's cloud computing, human resources, advertising and Twitch videogame streaming businesses, Amazon CEO Andy Jassy said.
