Al Mal Capital REIT to launch rights issue
The fund has an existing portfolio valued at US$158m.Business
Several nations eager to join Charter of Cooperation, says OPEC Secretary-General
ABU DHABI, UAE - Secretary-General of the Organization of Petroleum Exporting Countries Haitham Al Ghais said that OPEC is in...Business Energy Geostrategy Global
Telefonica Q3 profit at $450m
Q3 revenue was up 11.6 percent at US$10.11 billion.The company said the results make it possible to confirm its financial targets for 2022, which it raised during the previous quarter.
Telefonica said that it expects its core earnings growth to be "mid-to-high-end of the low single digit".
Abu Dhabi Ship Building signs MoU
The deal was signed with Indonesia's state-owned shipbuilder PT Pal.They will build a range of interceptors, landing craft, and rigid-hull inflatable boats (RHIBs) for Indonesia’s naval and coast guard requirements.
ADSB operates three main naval programmes: Corvettes, offshore patrol vessels and fast interceptor vessels.
Villas and apartments worth $479 million sold in Dubai on Thursday
Dubai, UAE---Dubai real estate market recorded transactions worth AED2.4 billion ($653 million) on Thursday, according to Dubai Land Department. A...The deals include 842 sales transactions worth AED1.96 billion, in addition to 112 mortgage deals of AED487.55 million, and 17 gift deals amounting to AED30.97 billion.
The sales included 769 villas and apartments worth AED1.76 billion, and 73 land plots worth AED195.5 million.
At Web Summit, ‘Bored Apes’ emerge from swamp but remain murky
With a blast of "Break on Through" by The Doors and a flashy video of cartoon apes careening around a...BAYC is a set of 10,000 auto-generated images of cartoon apes sporting various expressions and accessories, with a back story about them living in a swamp
Enthusiasts have shelled out many millions in trading the images, which come in the form of digital tokens known as NFTs
Twitter says layoffs to begin today
A company-wide email seen by AFP says Twitter employees will receive word via email at the start of business Friday,...Twitter employees have been bracing for this kind of bad news since Musk completed his acquisition
The email sent Thursday told workers to go home and not report for work on Friday
UAE a safe global oil, energy supply source: OPEC chief
Since joining the OPEC, the role of the UAE has remained clear: to increase production, maintain economic growth, achieve diversification...Since joining the OPEC, the role of the UAE has remained clear: to increase production, maintain economic growth, achieve diversification through other sources, and reduce costs
The UAE, one of the largest OPEC producers, has attained a significant stature in global energy and oil markets in terms of production, refinery, storage, transport and shipping
Inflation set to shape holiday shopping season
Even as the retail industry is facing unprecedented challenges, the stars are aligning to deliver another "unprecedented" holiday season, a...Even as the retail industry is facing unprecedented challenges, the stars are aligning to deliver another "unprecedented" holiday season, a latest report points out
Amidst the ongoing Inflationary pressure, the cost of goods is rising faster than what can reasonably be passed on to consumers, the Salesforce research highlights
World Cup buzz includes drills, hammers as Qatar races to be ready
A short drive north, sparks from drills and grinders light up a Doha golf club, where workers are constructing a...Across the Qatari capital, new hotels are opening, spectacular street art has gone on display and the flags of the 32 competing nations dominate avenues
At the Katara 'cultural village', a huge white hotel resembling India's Taj Mahal remains part-shrouded in scaffolding
German industries explore investment opportunities in UAE
Some of Germany’s leading industrial companies participated in a roundtable event hosted by the UAE Ministry of Industry and Advanced...From the UAE side, representatives from ADNOC, Abu Dhabi Department of Economic Development, Abu Dhabi Investment Office, and TAZIZ were present.
The delegates also discussed the future of supply chain opportunities in a post-pandemic world.
Saudi Arabia’s first electric vehicle brand Ceer launched by Crown Prince
Ceer will design, manufacture and sell a range of vehicles in Saudi Arabia and the MENA region, including sedans and...Ceer is projected to directly contribute US$8 billion to Saudi Arabia’s GDP by 2034, the PIF said. Ceer vehicles are scheduled to be available in 2025.
Each vehicle will be designed and manufactured in Saudi Arabia, and tested to the highest global automotive quality control and safety standards.
