CFOs at forefront of ESG integration in businesses
"The CFO's role as an ESG guardian and promoter varies significantly across organizations. CFOs with limited ESG experience should deepen...Business Opinion
EU adopts fallow land exemption after farmer protests
Brussels, Belgium - The European Commission on Tuesday officially extended an exemption from contested rules to leave a share of agricultural...Business
Saudi Broadcasting Authority signs agreements with global media firms
Riyadh, Saudi Arabia--- The Saudi Broadcasting Authority (SBA) and three international companies with expertise in the technological and media sectors...The agreements were signed at the Future of Media Exhibition (FOMEX), which was hosted in Riyadh alongside the 22nd Arab Radio and TV Festival.
The Arab Radio and TV Festival was for the first time held outside Tunisia since its inception in 1981.
Twitter chaos deepens as key executives quit
The convulsions followed the unveiling of the site's long-awaited Twitter Blue subscription service, which allows users to pay $7.99 per...Musk on Thursday warned employees that the site was burning dangerously through cash, raising the specter of bankruptcy
The walkouts came a day after the turbulent launch of new features introduced by Musk following his $44 billion buyout of the messaging app
SALIC buys 9.2 percent stake in LT Foods
The deal follows the acquisition of 30% stake in DaawatThe deal follows the acquisition of 30% stake in Daawat, an LT Foods subsidiary
LT Foods delivers rice and rice-based food brands in more than 60 countries
Innovation, technology implementation help GCC banks compete with European, US counterparts
The four largest banking markets in the GCC -- UAE, Saudi Arabia, Kuwait and Qatar — are expected to 'nearly...The four largest banking markets in the GCC -- UAE, Saudi Arabia, Kuwait and Qatar — are expected to 'nearly approximate' pre-pandemic profitability ranks by the end of 2022
Increasing inflation levels and the international tension between Russia and Ukraine remain big concerns for the regional banks, says Stephane Ulcakar of Arthur D. Little
ENOC, IHI sign low-carbon ammonia and hydrogen supply chain agreement
Green ammonia, which can be achieved by combining and reacting green hydrogen and nitrogen at high temperatures and pressures, can...The produced fuel will be exported to Japan and supplied within the UAE and across the region for bunkering and other purposes.
It aligns with Dubai’s Clean Energy Strategy 2050 and the UAE Energy Strategy 2050 to meet the country’s economic requirements, ENOC said.
Saudi Ports register 15% growth in October container activity
Container throughput the Kingdom's ports continued its upward year-on-year movement during October 2022, soaring to 694,517 twenty-foot equivalent unit at...Growth remained the dominant trend across most cargo categories.
Optimizing operational efficiency and attracting big-ticket investments have remained a major focus for the Saudi Ports Authority.
Qatar Airways official discards ‘rumors’ as airport expansion begins
After the multi-billion dollar overhaul, Hamad International Airport will take its capacity from 40 million passengers a year to 58...The expansion adds 39 airport gates to the existing 140 at the airport, which is a major hub for transit passengers.
Qatar Airways has also eliminated 18 destinations from its schedule to increase flights from key World Cup markets.
Air Arabia Q3 net profit $113m
The profit rose by 99 percent compared to Q3 2021.In the same period, the airline posted a turnover of AED1.6 billion, a 100 percent increase compared to the same quarter of last year.
The Airline said that more than 3.9 million passengers flew with Air Arabia Group between July and September 2022 across the carrier’s six hubs.
ArcelorMittal Q3 profit at $993m
Firm is suffering from slowdown in China's economic growth.The steelmaker said it had reduced European gas consumption by 30 percent amid soaring costs.
ArcelorMittal said in September that it would shut down two of its blast furnaces in Europe over high energy prices and lower demand.
Mazda pulls out of Russia JV
Firm to transfer it equity interest to JV partner Sollers.Mazda stopped shipping parts to Russia in March and ended operations the following month.
The company said it signed an agreement last month to transfer all of its equity interest in the Russian business to its joint venture partner Sollers.
