Dubai, UAE - Gen Z travellers in the UAE are reshaping the future of tourism, prioritizing cultural immersion, sustainability, and...
- The generator, known as a range extender, is connected to the cars' batteries and feeds them only when needed. Since...
Its IPO had been oversubscribed by 136 times.The company's IPO, witnessing huge demand from retail and professional investors, raised nearly US$496 million
Its chairman said the company has created a reputation for combining big data, analytics, and AI expertise to support insight-driven decision-making
Dubai, UAE - Al Ansari Financial Services on Monday announced it has set the final offer price for its IPO...The Global Offering attracted considerable demand from both the Qualified Investor Offering and the UAE Retail Offer
The Qualified Investor Offering saw strong demand from both international and regional investors
It will buy "all loans and deposits" from Silicon Valley Bank, whose fall this month set off global fears about...US regulators, in the wake of SVB fall, created Silicon Valley Bridge Bank, which will be taken over by First CItizens from Monday
On Sunday, the Federal Deposit Insurance Corporation said the transaction cover US$119 billion in deposits and US$72 billion in assets
Amman, Jordan--Standard Chartered has decided to sell its Jordanian business to Arab Jordan Investment Bank (AJIB), according to both the...The emerging markets-focused lender intends to exit seven markets in Africa and the Middle East
The bank wants to focus on faster-growing markets in the region, such as Saudi Arabia and Egypt
- The company's profit vaulted 157% to US$147m in 2022.
The company's revenue jumped from $2.10 billion in 2021 to $2.40 billion in 2022, propelled by growth in business-to-business, 5G and other revenue streams
The telecom operator invested $244 million in 2022 in order to develop the quality of services provided to its clients
"It appears that the Fed has not learned from the mistakes of the 1980s. Throughout much of the 1970s, the...If the US Federal Reserve had implemented an increase of more than 25 basis points, it could have triggered further instability
The Fed must learn from the past mistakes and proceed with caution to avoid financial instability, says deVere CEO Nigel Green
The customs deal is viewed as the concluding phase of a free trade agreement following the normalization of relations between...The Israeli foreign ministry in a statement said the free trade deal would see customs duties "lowered or cancelled on approximately 96 percent of goods"
Last year trade between the UAE and Israel touch $2.5 billion, excluding software and services, making the Gulf country Israel's 16th largest trading partner
The email to employees dealt with a new stock compensation program in the San Francisco-based company and the attribution to...He cited a revenue drop of $1.5 billion a year and a debt-servicing burden of the same amount, leaving it with "only 4 months of money."
Musk said in the email that he sees a "clear but difficult path" to a valuation of $250 billion, without saying how long that might take
Despite global economic slowdown, the firm continues to expand its partnerships and investments, with key focus on Africa and UK....Despite global economic slowdown, the firm continues to expand its partnerships and investments, with key focus on Africa and UK. Last year, its investments totalled $320m
DP World ranks fifth in the world by total value of direct investments allocated to the overseas logistics services sector, while Amazon and AP Moller Maersk lead the pack
- Beijing, China - Saudi Arabia's Aramco said it wants to be an all-inclusive source of energy and chemicals for China’s...
Aramco CEO said the company is supplying new lower carbon products, chemicals and advanced materials, all supported by emissions reduction technologies.
"In particular, we see a major win-win opportunity to build a world-leading, integrated downstream sector in China," he said.
