Stock markets diverge before Nvidia results, Federal Reserve minutes
Stock markets diverged as traders awaited earnings from US tech darling Nvidia, in addition to minutes from the Federal Reserve...Business Economy Global Markets
HSBC posts record profit of US$30.3bn
The bank would initiate a share buyback of up to US$2 billion.Business
Iraq chamber asks government to tie up with German construction firms
Baghdad, Iraq-- The head of the Federation of Iraqi Chambers of Commerce - FICC, Abdul Razzaq Al-Zuhairi, called on the...FICC and the Federation of Iraqi Industries participated in the meetings between the two parties during the visit of PM Muhammad Shia Al-Sudani to Berlin.
The Iraqi delegation seeks to encourage German companies and businessmen to invest in Iraq, FICC said in a statement.
Aircraft with 72 passengers on board crashes in Nepal
The airline spokesperson said that 68 passengers were on board along with four crew members and that rescue is underway....Footage shared on social media showed flames on the ground and black smoke billowing into the sky
Air traffic control lost contact with the twin-propeller Twin Otter shortly after it took off from Pokhara and headed for Jomsom, a popular trekking destination
UAE urges new investments in energy sector to meet demand
Abu Dhabi, UAE-- The UAE has stressed the need for speeding up new investments in the energy sector in order...The minister affirmed the UAE's commitment to providing the necessary support to ensure a balanced oil market in line with its plan to advance the 5 million bpd production target
He noted there are geopolitical factors in the region and around the world that influence the global energy map
Technologies revolutionize food-service industry
That’s because today’s consumer has grown used to the convenience of online ordering – and they’re even willing to cut...The latest technologies have revolutionized the food-service industry in more than one way, writes Naji Haddad, MENA General Manager at Deliverect
In 2022, operators faced new challenges like price rise and labor shortages. While consumers returned to in-house dining, the online food delivery markets continued to grow
UAE energy minister, Romanian counterpart discuss cooperation
ABU DHABI, UAE - UAE Minister of Energy and Infrastructure and Romanian Minister of Energy discussed ways to enhance cooperation...The UAE and Romanian ministers discussed importance of international cooperation to address climate change.
The ministers discussed ways and means to develop cooperation between the two countries
Ahmed Galal Ismail replaces Alain Bejjani as Majid Al Futtaim CEO
The reasons behind the change of guard were not immediately clear as Ismail takes charge as chief executive officer of...Ismail had previously served as CEO of Majid Al Futtaim - Ventures and VP Strategy of Majid Al Futtaim Holding
Majid Al Futtaim reported revenue of AED 18 billion for the first half of 2022, an increase of 15 percent during the same period in 2021
Masdar inks pact with 4 Dutch firms for exporting green hydrogen from Abu Dhabi
ABU DHABI, UAE - Masdar signed an agreement with four Dutch companies to explore the development of a green hydrogen...Masdar, , one of the world’s leading clean energy companies, inked an agreement with Port of Amsterdam, SkyNRG, Evos Amsterdam and Zenith Energy.
Green hydrogen is produced with green electricity from renewables like wind or solar, in a process that separates water into oxygen and hydrogen via electrolysis.
Europe will return to Russian gas, says Qatar energy minister
ABU DHABI, UAE - European countries will eventually resume higher imports of Russian gas, Qatar's energy minister and gas company...Russian gas exports to Europe plunged after Moscow's invasion of Ukraine.
A mild winter has spared European countries from having to plunder their gas stockpiles.
Dubai emerging as a global hub for superyachts
Streamlined legislation, increased investment in infrastructure and hosting of international maritime events contribute towards growth of Dubai’s yachting industry.Streamlined legislation, increased investment in infrastructure and hosting of international maritime events contribute towards growth of Dubai’s yachting industry
After Dubai’s participation recently at the Monaco Yacht Show, and the recent Gulf Superyacht Summit 2022 hosted in Dubai the future looks bright for Dubai’s yachting industry
ECI names acting CEO
Raja Al Mazrouei will succeed Massimo Falcioni.Raja Al Mazrouei is a digital transformation expert with over two decades of experience in the financial services and technology sectors
She has a track record of successfully turning around and enabling businesses and is also a member of multiple boards in the region
