Elon Musk buys $1 billion in Tesla shares, stock prices go up 6%
New York, United States - CEO Elon Musk bought about $1 billion worth of shares in Tesla, according to a...Business
Market value of camels at Crown Prince Festival reaches $66 million
Taif, Saudi Arabia -- The market value of the camels competing in the final rounds of the 2025 Crown Prince...Business
Google to delete incognito search data
The suit filed in June of 2020 sought US$5bn in damages.The lawsuit, filed in a California court in June 2020, claimed Google's practices had infringed on users' privacy by intentionally deceiving them with the incognito option
The settlement calls for no cash damages to be paid but leaves an option for Chrome users who feel they were wronged to sue Google separately to get money
ADQ launches new firm in healthcare sector
Arcera will aim to improve the quality of "human life."It will seek to build a global life sciences powerhouse set to make significant contributions to realizing Abu Dhabi’s 2030 Healthcare Life Sciences Vision
With a workforce of over 6,500 people in 90 countries all over the world, Arcera aims to offer groundbreaking solutions that foster longer and healthier lives
Gross written premium rises by 12.7% in Q4 2023 to US$14bn, says CBUAE
ABU DHABI, UAE - The UAE insurance sector continued to grow in Q4 2023, as reflected by the increase in...The number of licenced insurance companies in the UAE remained at 60, the CBUAE announced in its quarterly economic report.
The insurance of persons and fund accumulation premiums decreased by 12.4 percent YoY.
New shipping service in Saudi Arabia launched
RIYADH, SAUDI ARABIA - The Saudi Ports Authority (Mawani) has announced the addition of the new shipping service 'NRS' by...The NRS shipping service will link Jeddah Islamic Port to Yanbu Commercial Port, Neom Port, Aqaba Port in Jordan, and Sokhna Port in Egypt.
This will further establish the Kingdom's position as a global logistics hub that bridges three continents,
Liberty Media buy MotoGP
Formula One owners paid US$4.5 billion for the deal.The acquisition is expected to be completed by the end of 2024 subject to clearances and approvals.
MotoGP said Liberty Media would acquire "approximately 86 percent" stake from Spain-based owners Dorna.
Debt, trade barriers drag Asian economies in 2024, says World Bank report
BANGKOK, THAILAND – Asian economies are not doing as well as they could and growth in the region is forecast...Asian economies are not doing as well as they could and growth in the region is forecast to slow to 4.5 percent this year from 5.1 percent in 2023.
A key risk is that the US Federal Reserve and other major central banks might keep interest rates higher than before the pandemic.
Expo Centre Sharjah gives peek into its plan to attract new exhibitors
Sharjah, UAE--Expo Centre Sharjah (ECS) has unveiled its future projects and forthcoming initiatives to develop and enhance the exhibitions sector...The ECS intends to expand its operational capacities, augment exhibition areas and venues thereby enticing a broader spectrum of international exhibitors
The plan was outlined in a meeting of the board of directors designed to meet the business community's aspirations, by providing premier platforms for showcasing products
China records expansion in factory activity for first time in six months
Shenzhen, China--China's manufacturing activity expanded for the first time in six months in March. The official purchasing managers' index (PMI)...The PMI jumped to 50.8 in March from 49.1 in February, above the 50-mark separating growth from contraction
The PMI data showed that the new export orders rose into positive territory, breaking an 11-month slump
UAE exports 31.3m barrels of crude oil to Japan in February
Tokyo, Japan--The UAE exported 44.1 percent, namely 31.3 million barrels, of Japan's crude oil needs in February 2024, according to...Japan bought nearly 71 million barrels of oil for February and 96.7% of that came from five Arab countries
The rest of Japan’s oil imports came from Asia (0.4%), Central and South America (1.7%), and the US (1.1%)
Rotana announces the soft opening of Dar Rayhaan in Saudi Arabia
Abu Dhabi, UAE – Rotana, one of the leading hotel management companies in the region with over 100 properties in...This is in line with Rotana’s ambitious goal of launching eight properties in Saudi Arabia.
Dar Rayhaan by Rotana offers 133 keys, including 113 rooms and 20 suites,
