Walmart to buy TV maker Vizio
The acquisition of the TV maker is worth $2.3 billion.Company News Business
Auto industry races into metaverse at CES technology show
Las Vegas, United States--Allowing the driver of an autonomous vehicle to watch a movie, a dealer to sell automobiles from a...Holoride, a start-up backed by automaker Audi, is already selling a virtual reality headset intended solely for rear-seat passengers
The metaverse can play a role in designing new products or more easily testing them in differing environments
Ronaldo to play first game for Al Nassr on January 22
Cristiano Ronaldo may make his Saudi Arabian debut on January 22 after the Portuguese star was successfully registered by new...Ronaldo will now be available for the January 22 home game against Ettifaq after completing a two-match ban issued in November for smashing a fan's mobile phone
He joined Al Nassr in a deal believed to be worth around 200 million euros that has shone an unprecedented light on the Saudi Pro League
Dubai records over US$2.72bn in weeklong real estate transactions
DUBAI, UAE - A total of 2,173 real estate transactions worth over US$2.72 billion (AED 10 billion) were conducted during...A total of 2,173 real estate transactions were conducted during the week ending January 6, 2023.
A total of 270 plots were sold for US$612 million, 1,903 apartments and villas were sold for US$1.33 billion.
Jack Ma: tycoon who soared on China’s tech dreams grounded by regulators
A reshuffle of Ant's shareholding structure will now see Ma cede control of the fintech giant he founded in 2014....The most recognisable face in Asian business, Ma has seen his fortune fall by around half to an estimated $25 billion
Chinese regulators torched the planned listing of Ma's Ant Group in Hong Kong and Shanghai, and the following year hit Alibaba with a record $2.75 billion fine
Market cap of Arab bourses hits US$4trn at end of 2022
Abu Dhabi, UAE--The market cap of Arab stock exchanges has vaulted to $4 trillion by the end of 2022, according...The AMF said the market value of the Saudi Stock Exchange was $2.63 trillion and that of the Qatar Stock Exchange was $167.09 billion
The market cap of the Boursa Kuwait was $152.7 billion and that of the Muscat Stock Exchange was $61.6 billion
Jordan imported 3.65m barrels of Iraqi oil from September 2021 to December 2022
AMMAN, JORDAN -Â Jordan's total imports of Iraqi oil between September 2021 to December 2022 amounted to 3.65 million barrels,...The Jordanian Minister said that the Kingdom purchases Iraqi crude oil to meet part of its annual oil needs at a rate of 10,000 barrels per day.
As per the MoU, the Kingdom provides basin tanks for transporting crude oil from the Kirkuk depot in Iraq to the Jordanian oil refinery in Zarqa.
GCC stocks end the week in decline after a few days of gain
Abu Dhabi Securities Exchange finished 2022 with a gain of almost 20 percent, making it the highest performer among GCC...Despite declines in oil and financial firms, the Saudi stock index closed Thursday (January 5, 2023) slightly up.
On Monday (January 2, 2023), the First Abu Dhabi Bank contributed to a 0.6 percent point increase in the Abu Dhabi Securities Exchange index.
Qatar records weekly real estate deals worth $612 million
Doha, Qatar-- Real estate sales worth more than 2.25 billion Qatari Riyals ($612 million) were registered at the emirate's Real...The weekly bulletin issued by the Real Estate Registration Department stated that the list of real estate traded for sale included vacant lands, residences.
Most of the deals were concentrated in the municipalities of Doha, Al Rayyan, Al Wakra, Umm Salal, Al Daayen, Al Khor, and Al Thakhira.
Bayern head to Doha promising to review Qatar Airways deal
Berlin, Germany--Bayern Munich CEO Oliver Kahn said on Friday the side was reviewing whether to renew its sponsorship arrangements with Qatar...Bayern have come under criticism for their ties to Doha and the state-owned carrier in relation to alleged human rights issues in Qatar.
In Qatar, the German national side backtracked on a promise to wear a 'One Love' armband in support of human rights and diversity.
Stocks mostly rise ahead of key US jobs data
Stock markets mostly advanced as traders awaited key US jobs data and after news of falling inflation in the eurozone....The Fed along with central banks worldwide last year kickstarted a string of aggressive rate hikes to battle decades-high inflation.
Official data showed that annual inflation in the eurozone dropped for a second month in a row, to 9.2 percent in December.
