WSG has ushered in a new decade of positive impact: Hamid Al Zaabi
Dubai, UAE-- The World Governments Summit (WGS) has ushered in a new decade of positive impact, inspiring governments and societies...Business
UAE economy posts best growth rates in comparison to others: IMF official
Dubai, UAE-- The UAE's economy has recorded the best growth rates in comparison to other economies in the region, according...Business
Amazon confirms it has begun laying off employees
US media have previously reported that the platform and its various branches will lay off about 10,000 employees. Amazon did...A reduction of 10,000 employees would represent a little less than one percent of the group's total payroll, which had 1.54 million employees worldwide
Many technology companies that had been hiring heavily during the pandemic have recently announced job cuts, including Meta, Twitter, Stripe and Lyft
Dubai Islamic Bank, Al Ramz Corporation announce strategic alliance
Dubai Islamic Bank will now provide brokerage and related services to its clients through Al Ramz Capital.Dubai Islamic Bank will now provide brokerage and related services to its clients through Al Ramz Capital
The brokerage service was earlier provided through its subsidiary Dubai Islamic Financial Services
Twitter exodus begins after Musk ‘hardcore’ ultimatum
Esther Crawford, the platform's director of product development and one of the few managers who have not been fired, who...Musk, also the CEO of Tesla and SpaceX, has come under fire for radical changes at the social media company
He has already fired half of the company's 7,500 staff, scrapped a work-from-home policy and imposed long hours
Deepening synergies to further strengthen bilateral economic and commercial ties between Sharjah, India
He was speaking at the Sharjah–India Business Roundtable -- organized by the Sharjah FDI Office (Invest in Sharjah), in collaboration...The roundtable sought to promote investment opportunities in competitive sectors and highlighted the range of services and facilities offered by various government organizations
With 15,868 Indian firms operating in mainland Sharjah and 10,000 across its specialized free zones, the economic and commercial relations between the two has strengthened
‘Ambush marketing’ may spoil the game as businesses across GCC get ready to gain from Qatar World Cup
As the world gears up for the FIFA World Cup 2022 in Qatar, the positive ripple effect is being felt...As the world gears up for the FIFA World Cup 2022 in Qatar, the positive ripple effect is being felt in the business fraternity across the Gulf region, especially in the UAE
The mega sporting event is set to benefit almost every sector of the regional economies with tourism, hospitality, F&B, retail, real estate and entertainment gaining the most
UK rolls out budget full of tax hikes as recession seeps in
Britain unveiled a painful budget with $65 billion of tax hikes and spending cuts despite confirming its economy was in...Finance minister Jeremy Hunt said the measures were needed to bring financial stability after recent markets turmoil.
The pound had hit a record-low close to parity against the dollar in late September after Truss failed to reveal the impact of her tax cuts on growth and inflation.
Educational Holding net profit $20.3m
The profits grew by 1,3 percent compared to 9M period last year.The Group provides educational services in Kuwait in accordance with Shariah principles.
Earlier this month, Kuwait Capital Markets Authority approved the merger between Educational Holding Company and Boubyan Petrochemical Company.
Alibaba posts Q3 loss of $2.9bn
Firm's result is seen as a gauge of Chinese consumer sentiment.The heavy net loss attributable to ordinary shareholders was primarily due to a decrease in market prices of its equity investments in publicly traded companies.
Alibaba said it achieved revenue growth by "enhancing operating efficiency" as well as through the expansion of its logistics and services businesses.
Mawani felicitated at the Maritime Standard Awards 2022
RIYADH, SAUDI ARABIA - The Saudi Ports Authority (Mawani) won an award at the ninth edition of the Maritime Standard...The awards is an annual industry event that felicitates top performers in the shipping, ports, and related sectors in the Middle East and the Indian subcontinent.
The award crowns Mawani’s efforts in revolutionizing the Saudi maritime ecosystem and facilitating global trade.
Mubadala acquires stake in ACX
ACX is setting up a carbon trading exchange in Abu Dhabi.ACX, based in Hub71, is a global environmental commodities exchange that uses distributed ledger technology leveraging blockchain architecture to create securitized carbon credits.
In March, the Abu Dhabi Global Market teamed up with ACX to create the “world’s first fully regulated” carbon trading exchange in Abu Dhabi.
