Business - TRENDS MENA

The UK's Competition and Markets Authority prevented the deal "over concerns... (it) would alter the future of the fast-growing cloud...
Microsoft said it would appeal the verdict over its vast takeover, which has yet to win regulatory approvals in Europe or the US.
The Xbox-owner launched in 2022 its bid to create the world's third biggest gaming company by revenue with the takeover of Activision.
The funds will be used in laying subsea cables between UK and Morocco.
It is one of several first-of-a-kind long-distance renewable energy generation and cross-border export project being planned globally.
It had secured 25 million pounds of investment from Abu Dhabi National Energy Company (TAQA) and 5 million pounds from Octopus Energy Group.
Revenue dropped more than three percent to $8.74 billion.
Profit after tax fell to £1.5 billion ($1.9 billion) compared with the first three months of 2022.
GSK is seeking to concentrate on development of new drugs after overseeing the split of Haleon.
Amanat will own 85 percent of the post-merger entity.
The merger creates the largest pan-GCC post-acute care provider with 400 operational beds and an additional 300 bed expansion underway.
Following completion adjustments, Amanat Holdings will own 85 percent of the post-merger entity.
Dubai, UAE— Dubai Electricity and Water Authority (DEWA) and Xanadu, a Canadian quantum computing company, are considering strategic cooperation in...
The meeting between DEWA’s CEO and Xanadu’s CEO discussed the latest developments in quantum computing technology and its impact on the energy sector
Al Tayer noted the importance of the technology in addressing the world’s biggest challenges like climate change and energy sustainability
Riyadh, Saudi Arabia— Saudi Arabia has signed a memorandum of understanding (MoU) with Wemade, a South Korean firm, to boost...
The agreement with Wemade, the South Korean firm, is expected to boost the kingdom’s chances to be among the top leaders in the industry
Savvy Games, a firm owned by the Public Investment Fund, bought out Scopely, the US-based gaming company, for $4.9 billion in April
Google found itself under pressure due to a general slowdown in advertising spending, over-hiring during a Covid-era boom and a...
Google's quarterly revenue came in at nearly $70 billion, better than expected by analysts, and in the same three-month period that the company said it would lay off 12,000 staff
Microsft reported profit of $18.3 billion on revenue of $52.9 billion as Cloud and AI more than offset drops in revenue from licensing Windows software to computer makers
US consumer confidence fell more than many predicted in April, fueled by a deterioration in expectations among Americans over 55...
The consumer confidence index fell in April to 101.3, down from a revised 104.0 in March, the Conference Board said in a statement.
New home sales in the United States defied expectations to hit a one-year high in March, the Commerce Department said.
ABU DHABI, UAE - The Abu Dhabi Department of Economic Development (ADDED) and Wio Bank announced on Tuesday that would...
In less than 48 hours, Wio will help set up corporate accounts for SMEs licensed by ADDED and provide an up-to-date view of their financials.
Wio will work with Abu Dhabi Residents Office, Abu Dhabi SME Hub, and TAMM, Abu Dhabi Government Services, to extend banking and business services.
Dubai, UAE - Dubai Electricity and Water Authority (DEWA) has signed a sponsorship agreement with the Roads and Transport Authority...
RTA will be the Platinum Sponsor of the World Green Economy Summit for three sessions from 2023-2025.
The World Green Economy Summit plays a fundamental role in supporting the UAE’s outstanding efforts in climate action, said DEWA chief.