Commercial vehicle sales in China soar 79.6% in January
Beijing, China--China's commercial vehicle sales soared 79.6 percent year on year to 324,000 units in January, according to industry data.Specifically,...Business
Binaa Al Bahrain aims to create expansive mixed-use projects
ABU DHABI, UAE – Chairman of Eagle Hills International Mohamed Alabbar has said that US$4 billion joint venture Binaa Al...Business Economy
STC posts record net profit
The company posted a record net profit of $3.2bn in 2022.Its total revenues gained 7 percent to $18 billion in 2022
The company said that the higher profit was driven by an increase in revenues of $1.17 billion, which was offset by a slight increase in the cost of revenues by $220 million
UAE and Azerbaijan sign MoU to boost financial, banking ties
Abu Dhabi, UAE--UAE Banks Federation (UBF) has signed a memorandum of understanding (MoU) with the Azerbaijan Banks Association to enhance...The agreement is designed to run various activities in the finance and banking sector jointly by both parties in order to exchange knowledge and experience
There has been a steep increase in trade exchanges and joint investments between the two countries, which increased by more than 100 percent in 2022
Amwaj merges with Shaqab, Atyab
Qatar-based Gulf International Service has successfully accomplished the merger.The merger is an all-share combination of Amwaj with in-kind contribution from two new incumbent strategic merging shareholders
New strategic shareholders of Amwaj along with GIS have jointly agreed to make the Merger's effective date as the Jan. 1, 2023
PwC, Microsoft expand partnership for digital transformation in Saudi Arabia
DUBAI, UAE - PwC Middle East and Microsoft have strengthened their global partnership at LEAP event in Riyadh, to support...The collaboration will focus on cloud transformation, business process automation and technology consulting.
The partnership aims to strengthen businesses by providing access to cloud services that are scalable and secure.
DIFC achieves high growth in 2022, driven by fintech, innovation
DUBAI, UAE - Dubai International Financial Center (DIFC) continued to grow at a record-breaking pace in 2022 with the number...New companies registered in DIFC in 2022 surpassed the annual milestone of 1,000 for the first time in the Center's history.
In 2022, DIFC’s combined revenue exceeded US$272 million for the first time.
Meta launches paid subscription, for whom and why?
And their posts, photos and videos will have a higher profile than those of non-subscribers by appearing atop search results,...Subscribers to Meta Verified will be able to verify their account on Facebook and Instagram by providing an official ID and getting a blue badge
Meta told AFP it conceived of the subscription idea because of requests from creators who are on the rise in their business undertakings
HFZA to highlight investment opportunities at Gulfood 2023
Sharjah, UAE--The Hamriyah Free Zone Authority (HFZA) will take part in the upcoming 28th edition of Gulfood 2023, the biggest...The exhibition will bring together some top players from the global food and beverage sector, working together towards shaping the future of the industry
HFZA’s pavilion will also highlight exclusive services provided by the park, specifically tailored for food industry owners
Dubai Chamber of Digital Economy hosts industry workshop
DUBAI, UAE - Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has hosted the...The workshop saw discussions on topics surrounding regulations, funding, talent, and infrastructure.
The dialogue sought to provide clarity and a better understanding of the opportunities and challenges faced by e-commerce companies.
On the edge: Saudi workplace wellness needs overhaul
WHO says that globally an estimated 12 billion working days are lost every year to depression and anxiety at a...Preventing mental health conditions at work is about managing psychosocial risks in the workplace.
WHO recommends employers do this by implementing organizational interventions that directly target working conditions and environments.
Qatar logistics sector to outperform GCC states during 2020-2026
Doha, Qatar—Logistics market in Qatar will outperform other Gulf Cooperation Council countries during the 2020-2026 period, a study says.The study...The study by the Investment Promotion Agency in Qatar showed Qatar ranked among the first 20 percent of countries in the world.
The logistics sector in the country grew by 7 percent during the last five years.
