61 contracts worth $7billion signed at World Defense Show in Riyadh
Riyadh, Saudi Arabia - About 61 purchase contracts totaling approximately SR26 billion ($6.93 billion) were signed at the second World...Business
Mubadala, KKR in $1bn capital tieup
The two firms signed a partnership to provide bespoke credit solutions.In APAC, KKR has deployed nearly US$3 billion in credit capital since 2019.
The APAC credit business is part of KKR's approximately $178 billion global credit platform.
Philips to cut 4,000 jobs as losses deepen
The step followed penalty for faulty sleep respirators.The new chief executive Roy Jakobs said Philips would double down on patient safety and quality management
The company posted a net profit of three billion euros in the third quarter last year, helped by the sale of its domestic appliances business
CITC unveils initiatives, launches at Digital Technology Forum 2022
The company also announced the winning products of the Co-Innovation Award, the launch of the first Local Technology Guide in...The company also announced the winning products of the Co-Innovation Award, the launch of the first Local Technology Guide in the Middle East and North Africa
It also issued the first Local Technology Products Guide in the MENA to facilitate access to local products developed by IT and emerging technologies companies
Riyad Bank reports 13% jump in profit
The bank's profit rose to $1.3bn in the first nine months of 2022.The bank saw its shares increase 1.84 percent at the end of Sunday to reach SR36
The profit hike was buoyed by higher operating income, due to an increase in earnings from net special commissions, fees and commissions
Climate activists throw mashed potatoes on $111m painting
Publishing a video of the action on Twitter, the environmental protest group Last Generation wrote: "If it takes a painting...Dressed in black with orange vests, the two activists poured the mashed potatoes on the painting before squatting in front of it and sticking a hand each on the wall
In a similar stunt on October 14, two environmental protesters hit van Gogh's world-renowned work with tomato soup at the National Gallery in London
Qatar throws open new hotels, resorts to host football fans
Doha, Qatar— Qatar Tourism has thrown open more than 20 hotels, resorts and new tourist destinations in the country ahead...The projects and tourist attractions will be ready to receive football fans from next month
New attractions include entertainment venues, seaside and beach clubs, arts and culture houses, shopping malls, and the new Qatar 2022 hotels and resorts
QatarEnergy partners with Shell in North Field South expansion project
The agreement gives Shell an effective net participating stake of 9.375 percent in the NFS project, out of a 25...The agreement gives Shell an effective net participating stake of 9.375 percent in the NFS project, out of a 25 percent interest available for international partners
The North Field Expansion Project, comprising NFS and the North Field East (NFE) expansion projects, is the industry's largest-ever LNG project
UAE Minister highlights youth’s role in sustainable food systems
DUBAI, UAE - UAE Minister of Climate Change and the Environment Mariam bint Mohammed Almheiri participated in the World Food...The Minister held meetings with several high-level FAO officials on the UAE’s contribution in tackling global food and nutrition insecurity.
The event drew governments, youth champions, global influencers and non-profit organizations to support youth-led transformation of agrifood systems.
Saudi Arabia is spending big on golf and transforming the sport forever
Since June 2022, when the first Liv Golf tournament funded by Public Investment Fund was played, nine golfers in the...American stars Bryson DeChambeau, Dustin Johnson and Phil Mickelson each reportedly received more than $100m to defect to LIV Golf.
The first LIV Golf Invitational Series event started on 9 June 2022 at the Centurion Club near London, England. The Invitational Series is to become the LIV Golf League in 2023.
DIEZ cooperates with DP World to support career initiative Tumoohi
Dubai, UAE---Dubai Integrated Economic Zones Authority (DIEZ) will collaborate with DP World to support the Tumoohi Initiative, a training program...Under the agreement, DIEZ will give participants an an opportunity to gain professional and practical experience and learn about best practices and global standards.
Participants will be able to work with DIEZ, along with companies registered in the Dubai Airport Freezone (DAFZ) and Dubai Silicon Oasis.
