Business - TRENDS MENA

Net Property Income for the period was $55 million.
The REIT recorded a 4 percent year-on-year decline in Property Operating Expenses to US$12 million in 2022
Net Property Income increased 15 percent year-on-year, demonstrating the strong market for the REIT’s core assets
LSG Group is to be sold to private equity group Aurelius.
The airline giant had already sold LSG's European operations activities to Swiss-based Gategroup in 2019.
The Lufthansa group was brought to the brink of bankruptcy when the COVID-19 pandemic saw global air travel grind to a halt.
All eyes are on whether Apple will commit to releasing long-rumored VR or augmented reality (AR) "goggles" at its annual...
Apple's approach to the metaverse would likely be different from that of Meta, which has proclaimed it the future of the internet but slowed its substantial investments
Wedbush believes Apple will unveil "Glasses" AR/VR headsets at the developers conference in June, at a price in the vicinity of $2,500, though others say $3,000
Dubai, UAE--Emirates NBD has successfully priced a US$1 billion Senior Unsecured Sustainable Sukuk for Al Rajhi Bank, the world’s largest...
Priced at a reoffer yield of 4.774 percent, the sukuk was in heavy demand, attracting orders worth more than $3.75 billion
The bank will use the proceeds from the sukuk to finance and refinance sustainable projects in line with its Sustainable Finance Framework
Paris, France--French energy giant TotalEnergies announced Wednesday an agreement with Iraq on a $10 billion project that had been delayed due...
While TotalEnergies will own 45 percent stake, Iraq's Basrah Oil Company will get a 30-percent stake in the project and QatarEnergy will get 25 percent
The French company said that a one-gigawatt solar power plant will be built to supply electricity to the Basra regional grid, with Saudi firm ACWA Power joining the project
There is a need to address workplace gender equality issues and empower women in leadership roles and men play a...
Women should remain bold, confident, and unafraid to take risks and seek guidance, says Leila Hoteit, Managing Director & Senior Partner at BCG
There is a need to address workplace gender equality issues and empower women in leadership roles and men play a vital role in achieving it, she adds
Initiatives such as STEM and Women in Tech are crucial in bridging the gender gap and empowering women to drive...
Arab countries are fostering a progressive environment for women, enabling them to participate in economic and technological transformations, says an expert
Noha Kadry, Regional Program Manager at Red Hat Academy, highlights the significant strides women have made in tech industry, leading firms and inspiring others
New York, United States--US pharmaceutical giant Johnson & Johnson on Tuesday proposed an $8.9 billion settlement to resolve years-old lawsuits claiming...
The payout, If approved by the court and a majority of the plaintiff, would be one of the largest product liability settlements ever in the United States
J&J was at pains to stress that the proposed settlement is not an admission of wrongdoing nor an indication that the company's talcum powder products are unsafe
GENEVA, SWITZERLAND - The Red Cross announced Tuesday that it would cut 1,500 jobs over the next 12 months in a...
The Red Cross said an expected drop in humanitarian assistance budgets over the next two years was forcing it to make significant cuts.
The Geneva-based organization said its governing board on March 30 had approved US$474 million in global cost reduction through early 2024.
Virgin Orbit, the satellite launch company founded by Richard Branson, has filed for Chapter 11 bankruptcy and will sell the...
Virgin Orbit suffered a major setback earlier this year when an attempt to launch the first rocket into space from British soil ended in failure.
The company had organized the mission with the UK Space Agency and Cornwall Spaceport to launch nine satellites into space.