Walmart to buy TV maker Vizio
The acquisition of the TV maker is worth $2.3 billion.Company News Business
BP to pour US$1.5bn into Egypt oil exploration
It plans to hike investments in the country to US$5 billion.Business
10-day Citrus Festival concluded in Hail region of Saudi Arabia
Hail, Saudi Arabia---The second edition of the 10-day Citrus Festival, which was held in Hail region, has concluded after witnessing...General Supervisor of the Festival, Khaled Al-Batea said more than 80 participants displayed citrus products from all farms of the Hail region.
During the festival, six workshops and a seminar on cooperative societies were held.
Saudi fans flood stores to buy Ronaldo shirts after Al Nassr deal
An unprecedented rush at the Al Nassr kit store started as soon as reports of the deal were leaked to...Ronaldo on Friday signed for Al Nassr until June 2025 in a deal believed to be worth more than $200 million
The football star heads to the Gulf after a year that saw him relegated to the bench for Portugal and cut adrift by Manchester United
US judge orders cruise lines to pay nearly US$450m for using Cuba port
Washington, United States--Four cruise lines have been sentenced by a US judge to pay a total of nearly $450 million for...The ruling Friday by a federal judge in Florida requires the Carnival, MSC SA, Royal Caribbean and Norwegian lines to pay $109 million each, plus court costs, to Havana Docks
The cruise lines had argued that the Obama administration had authorized their travel to Cuba and that they fell under a "lawful travel" exception
Saudi Ministry of Industry, Hyundai Motor ink MoU to build cars in Kingdom
RIYADH, SAUDI ARABIA - Saudi Ministry of Industry and Mineral Resources has signed a memorandum of understanding with Hyundai Motor...The agreement aims at enhancing cooperation in a way that realizes the national strategic goals for industry in developing local manufacturing capabilities.
The MoU stipulates building an assembly plant with the CKD system for electric cars and internal combustion engines cars in Saudi Arabia.
Hudini set to double growth in 2022
With over 60% of hotel executives looking to introduce a fully contactless experience by 2025, Hudini witnesses unprecedented demand for...With over 60% of hotel executives looking to introduce a fully contactless experience by 2025, Hudini witnesses unprecedented demand for its solutions
Hudini enables hotels to provide a connected guest journey from pre-arrival to post departure, ensuring a faster, contactless, and hyper-personalized service delivery
Qatar coach departs after team’s dismal Word Cup
Doha, Qatar-- World Cup hosts Qatar announced Friday that national coach Felix Sanchez had been let go with the end of...The Qatar Football Association said it had decided "not to extend Felix Sanchez's contract as head coach of the Qatar national team
The team's three defeats brought harsh criticism on social media and defender Abdelkarim Hassan has been booted out of his Al Sadd side because of his reaction
Ronaldo signs $200m deal with Saudi Arabia’s Al-Nassr
The Portuguese football star Cristiano Ronaldo has signed for Al Nassr of Saudi Arabia in a deal believed to be...Ronaldo heads to the Gulf after a year that saw him relegated to the bench for Portugal and cut adrift by Manchester United
Saudi Arabia has staged heavyweight boxing title bouts, has hosted a Formula One grand prix the last two years as well as the Dakar Rally
Data set to drive GCC telecom growth in 2023
Mobile data service revenues are expected to reach 60 percent of the total GCC mobile service revenues by 2026.The GCC mobile market is forecasted to grow meagerly at a CAGR of 1.9 percent during 2021-26.Â
To arrest a further decline in voice revenues, mobile operators have been selling mobile voice and data service bundles.
Dubai records US$2.6bn in weekly real estate transactions
DUBAI, UAEÂ - A total of 2,790 real estate transactions worth US$2.6 billion (AED9.6 billion) were conducted during the week...A total of 2,790 real estate transactions worth $2.6 billion were conducted during the week ending December 30, 2022.
The DLD report showed that 179 plots were sold for $378 million.
Dubai Courts, Moro Hub ink pact to enhance cooperation in cyber security
DUBAI, UAE - Dubai Courts signed a Memorandum of Understanding with Moro Hub, a subsidiary of Digital DEWA, the digital...Leveraging on Moro’s capabilities, the MoU will serve the society’s interest in providing a comprehensive legal framework to combat cybercrimes.
The MoU will help in exchange of knowledge and leverage on expertise as per Dubai Courts mission of achieving precise and swift justice.
