Business - TRENDS MENA

Net profit came in at $457m, compared to 2.9bn euros loss in 2021.
IAG announced Thursday the acquisition of Air Europa for 500 million euros from the Spanish company Globalia.
IAG said it recruited 7,400 colleagues last year after axing about 10,000 on Covid fallout.
The MoU brings together Bayanat’s expertise in remote sensing capabilities and data analytics, and Yahsat’s proven capabilities spanning satellite space...
The MoU brings together Bayanat’s expertise in remote sensing capabilities and data analytics, and Yahsat’s proven capabilities spanning satellite space technology
The strategic partnership was announced at IDEX 2023 and is aimed at establishing and operating strategic earth observation partnership within the UAE
Facing a drop in advertising revenues, parent company Meta is piloting a subscription in Australia and New Zealand before it...
The subscription service of Meta will cost US$11.99 on the web and US$14.99 on the iOS and Android mobile platforms
From Friday, subscribers Down Under who provide government-issued IDs can start applying for a verified badge
The Chinese-owned platform is under growing Western scrutiny, and Canada's move came just hours after the European Commission banned the...
Canada's Office of the Privacy Commissioner said it had launched a joint probe into TikTok alongside provincial privacy regulators from Quebec, British Columbia and Alberta
The massively popular video-sharing platform has come under increasing scrutiny from the West over concerns that Beijing could access user data from around the world
Boeing's difficulties with the 787 have come as the company tried to reset its relationship with the FAA following the...
Boeing said it "discovered an analysis error" by its supplier related to the 787 forward pressure bulkhead during a review
Air India unveiled a record series of orders earlier this month from Airbus and Boeing, including for 20 Dreamliner planes, with options for 20 more
Abu Dhabi, UAE—A total of 10 deals worth AED2.7 billion ($735 million) were signed on the fourth day of the...
Today’s deals bring the cumulative value of the deals signed by Tawazun Council at the exhibition so far to AED 21.14 billion for 44 deals.
The biggest local contract, worth AED902 million, was awarded to Norinco, through International Golden Group, to procure AR3 multiple launcher rocket system.
The ban also means European Commission staff cannot use the Chinese-owned video-sharing app on personal devices including phones that have...
TikTok, whose parent company ByteDance is Chinese, has faced increasing Western scrutiny in recent months.
Last month, the Dutch government reportedly advised public officials to steer clear of the app over similar concerns.
In June 2022, Masdar announced the signing of several agreements with the Ministry of Energy of Azerbaijan to develop clean...
The plant will help generate 0.5 billion kilowatts per hour (KW/hour) of electricity annually, sufficient to meet the needs of over 110,000 homes.
In June 2022, Masdar announced the signing of several agreements with Azerbaijan to develop clean and renewable energy projects with 4,000MW capacity.
Dubai, UAE - Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has launched six business...
Fresh food sales are anticipated to grow at a CAGR of 4.9 per cent between 2022 and 2027.
Retail sales of supermarkets in the UAE are set to rise at a current value CAGR of 4 percent.
Turkey was already battling runaway inflation and relying on wealthy allies to keep its economy afloat when the massive earthquake...
A prominent business group has estimated there was some $84 bn in quake damage, but estimates from other experts are more conservative, putting the total closer to $10 bn.
When the quake hit, Turkey's official annual inflation rate had slowed to 58 percent from a two-decade high of 85 percent last year.