Higher prices boost Coca-Cola sales despite Middle East hit
Chief Executive James Quincey described consumers in North America as "holding up well," although he acknowledged "a little softening" through...Business
Siemens posts Q4 profit of $3bn
Firm posts FY 2021-22 net profits of around US$4.6 billion.Siemens Energy's loss-making wind turbine maker subsidiary, Siemens Gamesa, has faced huge struggles.
Siemens Energy was spun off in 2020 from Siemens, which still owns a 35 percent stake.
Travel-weary Saudi superfan awaits World Cup at ‘home’
Saudi officials are putting on 240 weekly flights linking the kingdom to Qatar, up from six normally, and easing overland...This year's World Cup in neighboring Qatar, by contrast, has the feel of a home game for Saudi fans as Doha is a mere two-hour flight from Jeddah
Turkistani, a Saudi fan is ready to welcome his other fellow citizens in Doha, having stocked up on green-and-white t-shirts, plastic blowhorns, drums and balloons to distribute
Saudi Arabia, South Korea agree to boost energy and defence ties
Among the agreements was Saudi investment for South Korean refiner S-OIL's Shaheen project, which would build petrochemical production facilities in...Saudi Crown Prince Mohammed Bin Salman arrived in Seoul Wednesday. His Asian tour is aimed at shoring up the Gulf nation's ties with Saudi's biggest energy market.
During the visit, the two governments and companies from both countries signed about 20 deals in areas from agriculture to railways.
HSBC Oman, Sohar International Bank decide to merge
The banks said in two separate regulatory announcements that all assets and liabilities of HSBC Oman will be transferred to...The banks said in two separate regulatory announcements that all assets and liabilities of HSBC Oman will be transferred to Sohar International
Earlier in 2012 HSBC Bank Middle East’s operations in Oman merged with Oman International Bank to create a HSBC Bank Oman
Etihad Airways preps for tourists
It is expecting 1.5m travelers at Abu Dhabi International Airport.The travelers to Abu Dhabi can experience events like Formula 1 Etihad Airways Abu Dhabi Grand Prix this weekend and many more attractions over the winter season
The airport service will provide a faster check-in experience and can accommodate a greater number of guests, without them having to stand in queues
Masdar-led consortium to develop 4 GW green hydrogen projects in Egypt
Egypt enjoys abundant solar and wind resources that can allow for the generation of renewable power at a competitive cost.Egypt enjoys abundant solar and wind resources that can allow for the generation of renewable power at a competitive cost
Egyptian authorities are reportedly working to revise the country’s renewable energy strategy to include green hydrogen
Musk tells Twitter staff to work long hours or leave
New York, United States— Twitter's new boss Elon Musk has asked staff to choose by Thursday between being "extremely hardcore" and...Elon Musk has come under fire for radical changes at the social media company, which he bought for $44 billion late last month
Staff have been asked to follow a link to affirm their commitment to "the new Twitter" by 5:00 pm New York time
QatarEnergy, Chevron Phillips to build US$8.5bn Texas plastic plant
Doha, Qatar— QatarEnergy and Chevron Phillips Chemical (CPChem) have announced they have reached a final investment decision to build an...The plant will include an ethylene cracker unit with a capacity of 2.08 million tons per annum, making it the largest in the world
It will be owned by Golden Triangle Polymers Company LLC, a joint venture in which QatarEnergy holds a 49 percent equity interest with 51 percent held by CPChem
Floating success: Marine industry helps Qatar cruise towards economic diversification at a greater pace
The floating hotel "MSC World Europa", which arrived at Doha Port last week, is one of three floating hotels designated...The marine industry is very important to tourism and the long term economic and cultural connections it brings, says Akbar Al Baker, head of Qatar Tourism and Qatar Airways Group
Qatar has taken significant steps to consolidate its position as a world-class destination for cruise tourism and the Arabian Gulf is an important gateway for it, adds Al Baker
ADIB, ADGM to support growth needs of Abu Dhabi financial community
Abu Dhabi, UAE -- Abu Dhabi Islamic bank (ADIB) and Abu Dhabi Global Market (ADGM) will collaborate to support the...ADIB will provide clients with ADGM licensed managers for Sharia compliant banking and share news on developments in finance sector.
Also, a formal framework for cooperation in education, business development between the Bank and ADGM is also a part of the deal.
