The GCC’s luxury hospitality sector has become a global benchmark, yet behind every polished facade lies an increasingly complex financial...
Paris, France -- French group Hermes overtook LVMH as the world's most valuable luxury company on Tuesday after shares in...
Doha, Qatar-- Qatar Financial Centre Authority (QFCA), the legal and tax arm of the Qatar Financial Centre (QFC), and the...Under the MoU, both parties will work to promote QFC as a financial and business platform for foreign financial investments.
They will also provide necessary support and facilities to American companies interested in doing business in Qatar.
Dubai, UAE-- Saudi energy giant Aramco has completed the acquisition of US motor and oil maker Valvoline's global products business...The acquisition will help Aramco to enter the integrated, branded lubricants players
Valvoline Global Operations will continue to be headquartered in Lexington, Kentucky
FRANKFURT, GERMANY - More interest rate increases may be needed beyond the one coming later this month, European Central Bank president...The ECB has lifted rates at an unprecedented pace in recent months to cool inflation.
ECB president said the pace of future hikes was "impossible" to predict and would be decided by the economic data available at the time.
ABU DHABI, UAE - UAE Minister of Energy and Infrastructure (MoEI) Suhail bin Mohammed Al Mazrouei Thursday had a meeting...Bahrain’s Minister applauded the advanced processes at UAE Ministry of Energy and Infrastructure , particularly the AI-enabled systems for planning new infrastructure projects.
The Bahrain’s Minister and his delegation toured the Road Control Center that was recently established at the ministry’s Sharjah offices.
- The investment will be spread over the next six years.
This comes on top of an earlier one-billion-euro commitment announced in 2021, when Apple made Munich the European headquarters of its "Silicon Design Centre."
The move is part of Apple's strategy to develop its own chips for iPhones, iPads, MacBooks and other products, in order to reduce reliance on outside suppliers
Abu Dhabi, UAE--- Emirates Water and Electricity Company (EWEC) has, for the first time, met 80 percent of total power...EWEC supplied approximately 6.2 gigawatts (GW) of the total 7.7GW system power demand.
By 2030, EWEC aims to raise Abu Dhabi’s solar power generation to approximately 7GW and produce more than 90 percent of its water using reverse osmosis.
- Doha, Qatar-- The the SMEs sector grew by 2.6 per cent, as the number of operating factories in the state...
Sheikh Khalifa also affirmed the Chamber's interest to enhance the national industry and help investors in this sector to promote their products
Chairman of Qatar Chamber Sheikh Khalifa bin Jassim Al-Thani inaugurated the Engineering Factory for Carpets in its new headquarters in the New Industrial Area
After years of losses, Tesla has hit its stride in terms of financial performance, scoring an impressive string of earnings...Reviewing the company's quickly expanding EV production, Musk and a team of executives promised more outsized growth through streamlined manufacturing processes
But shares fell throughout the event as Musk and his team avoided specifics on what the next generation of vehicles would look like, or when they might be ready
The MoU also aims to educate and train 5,000 citizens at the Al Fardan Exchange Training Institute, which was recently...The MoU also aims to educate and train 5,000 citizens at the Al Fardan Exchange Training Institute, which was recently established at ACTVET’s Innovation Park in Abu Dhabi
The companies will collaboratively oversee the implementation of the MoU and support the education and training of 5,000 UAE nationals through specialised training programmes
- The new firm will focus on internal combustion.
Geely and Renault are expected to retain equal equity stakes in the new independent entity, according to a statement
Earlier, reports said that the car makers were working to finalize a deal with Aramco to develop and supply gasoline engines
