Singapore, Singapore -- Southeast Asia's largest bank DBS said that 4,000 jobs could be cut in the next three years...
First Abu Dhabi Bank (FAB) has achieved solid results in 2024 with Group net profit reaching AED 17.1 billion, up...
Dubai, UAE---Luberef, a subsidiary of Saudi oil giant Aramco, expects to raise up to SAR 4.95 billion ($1.32 billion) from...The company will sell nearly 30 percent of its share capital to individual and institutional investors, which translates into 50.045 million shares, and list on the Saudi Exchange.
In a Tadawul filing, Luberef said the price range for the offering has been set between SAR 91 and SAR 99 per share.
AMMAN, JORDAN - Jordan's Minister of Investment Kholoud Saqqaf on Sunday received Indian ambassador in Amman Anwar Haleem for a...The minister briefed the envoy on the investment climate in the Kingdom and potential opportunities in various sectors.
She emphasized business-friendly legislation and simplified government service delivery.
Israeli President Isaac Herzog arrived in Bahrain, the first visit by an Israeli head of state to the small Gulf...Accompanied by an economic delegation, Herzog said he would discuss "ways to strengthen our economic cooperation".
Herzog said he would then travel to UAE's capital Abu Dhabi.
Dubai, UAE---Dubai’s Roads and Transport Authority (RTA) has awarded contracts for constructing three all-inclusive Truck Rest Stops in partnership with...The three stops that will be built over a total area of 226,000-sq meters can accommodate 500 trucks and heavy vehicles.
The three stations are situated in key areas nearby key roads and logistical cities that witness considerable numbers of trucks every day.
Vienna, Austria— Major oil-producing countries led by Saudi Arabia and Russia look set to maintain their current output levels at a...OPEC is due to consult with 10 other oil-producing nations, including Russia, to review their decision in October to cut production by two million barrels per day
the EU, G7 and Australia agreed a $60-per-barrel price cap on Russian oil, which will come into effect on Monday or soon after
With data doubling in size every two years, effective info processing, analysis tools and storage technologies are required along with...With data doubling in size every two years, effective info processing, analysis tools and storage technologies are required along with a defined digital strategy, says an expert.
The cloud-first policy goal may help Saudi government attract investments, define clear data regulations, promote innovation, foster agility, and scale up growth
BERLIN, GERMANY - The German government aims to put a stop to energy price hikes it sees as unjustified with...Price increases are to be prohibited until the end of 2023 - unless the supplier can prove "that the increase is objectively justified".
A justification could, for example, result from "market-based price and cost developments".
ROME, ITALY - The world's ability to nourish its burgeoning population is under threat and without broader socioeconomic and environmental...The report identifies the issues at stake and the threats and problems that have an impact on future food consumption and agrifood production.
The report urges decision makers to think beyond short term needs.
- Two affiliates of ABB pleaded guilty to bribery charges.
Two affiliates of ABB each pleaded guilty to one count of conspiracy to violate the US Foreign Corrupt Practices Act
In October eight people, including former Eskom CEO Matshela Koko, were arrested on corruption charges linked to the ABB work.
- Doha, Qatar---World Cup fans without tickets can travel to Qatar and watch the rest of the matches after the group...
Qatari authorities said Early December feature, which allows fans without tickets to apply for a Hayya Card, will be valid after midnight on Dec. 2.
Fans will need to show proof of accommodation and pay an entry fee of QAR 500 ($137) to obtain the Hayya Card and enter Qatar. Children under 12 will not be charged.
