WEF24: AI-generated drugs promise cost reduction
AI is playing a critical role across the biomedical spectrum, from accelerating drug discovery to improving care delivery systems, says...Business Health
In Middle East, ‘manufacturing’ is a new buzzword
Form Saudi Arabia to the UAE, Qatar to Kuwait, governments of the region compete to jumpstart an industrial sector. But...Business Economy
Empower IPO priced AED1.31-1.33 per share
The total offering size expected between $357m and $362m.On Oct. 24, Empower announced it will list 10 percent stake in its IPO and list a portion of its ordinary shares for trading on the Dubai Financial Market (DFM).
Empower said that 1 billion shares, each with a nominal value of AED0.10 (ten fils) will be made available in the offering.
Hong Kong looks to legalize crypto for retail investors
Years of strict pandemic controls and a political crackdown have hammered the Asian finance hub's economy and sparked an exodus...In contrast to mainland China where crypto has been all but banned, Hong Kong is looking to relax regulations and claw back some of the business that has left
A fintech conference opened on Monday and will be followed on Wednesday by a finance summit attended by some of the world's top bankers
Taaleem to raise US$204.21 million in IPO
Dubai school operator plans to expand its network.Taaleem will offer 10% of its shares to retail investors starting Nov 10, and 88% of its shares to professional investors on Nov. 17
The company said another 2% will be offered to Eligible Employees and Eligible Parents
Qatar and Azerbaijan to enhance trade, energy relations
Doha, Qatar— Qatar and Azerbaijan have decided to enhance relations in the fields of energy and trade and in this...Minister of Economy of Azerbaijan, Mikayil Jabbarov, lauded the relations both countries enjoy, noting that Azerbaijan is eager to further develop its relations with Qatar
The Qatar-Azerbaijan Joint Business Council aims to assist in setting up direct partnership links between business entities of both countries
New industrial policy seeks to diversify Saudi economy
The program, launched by Saudi Crown Prince and Prime Minister Mohammed bin Salman, has identified more than 800 investment opportunities...The new industrial strategy envisages tripling the country’s industrial domestic product and doubling the value of industrial exports to $148.2 billion.
The Crown Prince said the program will make the kingdom a leading industrial power that “contributes to securing global supply chains and exporting high-tech products to the world”
Qatar Digital Incubation Center fostering 25 new startups
The selection was made from among 42 competing startups which presented their projects in front of a specialized judging panel.The selection was made from among 42 competing startups which presented their projects in front of a specialized judging panel
The startups in IdeaCamp will enjoy DIC guidance and support throughout their incubation, as well as office space for two years
Savola Group posts 36% increase in profit
It recorded $173m profit in the first nine months of 2022.The food company said in a bourse filing that it had also posted a 20 percent revenue jump to $5.60 billion
For the third quarter of 2022, net profit jumped 34 percent to $44 million, from $33 million in the same period last year
Qatar sets up consular facility for World Cup fans needing help
In order to help football fans who lose their passport or get arrested, Qatar has opened a World Cup consular...According to Mexico's ambassador, it is expecting more than 70,000 fans and will have "an important number" of diplomats on duty during the 29 day tournament
Thousands of Saudi fans are also expected to pour across the border into Qatar, said Saudi ambassador Prince Mansour bin Khaled bin Farhan al-Saud
Saudi businesses increasingly go digital as technology offers superior customer engagement, better RoI
More Saudi businesses embrace engagement technologies to boost customer experience, increase RoI and enhance productivity, says Unifonic VP & MD...More Saudi businesses are adopting engagement technologies to boost customer experience, increase RoI and enhance productivity, says Unifonic VP & MD Ibrahim A. Almohaimede
Each year, bad customer service costs businesses US$ 75 billion. However, regular buyers invest 67 percent more than the first-time buyers, the Unifonic official adds
QLM profits fall by 33 percent in first nine months of 2022
The company had reported a net profit of $12.27mn for H1.The gross written premium for the six-month period that ended on June 30, 2022 had increased by 33 percent to QR742mn.
QLM Life & Medical Insurance Company was established in 2018, and was listed on Qatar Stock Exchange last year, with a capital of QR 350 million.
