Barclays bank to stop financing new oil, gas projects
London, United Kingdom -- British bank Barclays said Friday it would stop directly financing its energy clients' new oil and gas...Business Climate Change
OPEC Fund grants US$30m loan to Uganda to build key road link
Vienna, Austria--The OPEC Fund for International Development (OFID) has granted a US$30 million loan to support the development of a...Business Economy
Camel Club, Riyadh Chamber to promote camel culture as Saudi heritage
Riyadh, Saudi Arabia---The Saudi Arabia's Camel Club and Riyadh Chamber of Commerce have signed an MoU to develop and create...The two entities signed an MoU that also aims at creating investment opportunities in the camel sector.
Providing support and assistance to the club when holding international conferences are other aims of the MoU.
Oman & Emirates Co. Q3 net profit $5.6m
The profit for the same period in 2021 was 538,832 OR.Oman & Emirates Investment Holding Company was established through the Royal Decree in 1993, as an joint venture between Oman and UAE.
 O&E is registered as an Omani Joint Stock Company traded in Muscat, Abu Dhabi and Dubai Securities Markets.
Infosys Q2 profit at US$731.4m
The firm approved a $1 billion share buyback after Q2 result.Tech companies have benefited from higher digital services demand since the pandemic,.
Infosys also reported a marginally lower employee attrition rate - a key metric for IT companies - compared to the previous quarter.
Fast Retailing posts yearly net profit at US$1.86bn
Firm owns Uniqlo, Comptoir des Cotonniers clothing brands.Following years of aggressive global expansion, Fast Retailing is one of the world's biggest clothing retailers.
As well as Uniqlo, it owns the clothing brands Theory, Comptoir des Cotonniers and lingerie label Princesse Tam Tam.
ADNOC awards $980m contract
The contract awarded to ADNOC Drilling to hire offshore rigs.ADNOC Drilling is the largest national drilling company in the Middle East by rig fleet size.
Over 80 percent of the award value will flow back into the UAE’s economy under ADNOC’s In-Country Value (ICV) programme.
Musk jokes new perfume launch to fund Twitter purchase
Musk is expected to complete a $44-billion takeover of Twitter by the end of the month. If he fails to...The world's richest man's Twitter bio now describes him as a "Perfume Salesman" and a link to the product's sale page is included as a pinned tweet
The ad for the perfume shows a ruby red bottle with the name engraved on the front in script and its tagline reads, "The Essence of Repugnant Desire"
Burjeel Holdings set to expand to Oman, Saudi Arabia
The company is raising capital to support the ongoing expansion in the UAE and Oman, and pending entry into Saudi...The company is raising capital to support the ongoing expansion in the UAE and Oman, and pending entry into Saudi Arabia, the founder Dr Parambath said
In the UAE Burjeel has built the cancer centre, the mother care services, as well as the orthopaedic and diagnostic networks
World’s first space tourist plans new flight to Moon with SpaceX
Musk has promised the rocket will complete its first orbital test this year, and a version of Starship has already...The weeklong mission would see Starship fly within 125 miles of the lunar surface before returning home
The voyage will take place after Elon Musk's company has finished developing its prototype Starship rocket
Video highlights: Futuristic TOP CEO 2022 discusses economic opportunities
The TOP CEO Conference, held in Dubai in Q2, discussed several burning global and regional issues of the time. It...The TOP CEO Conference in Dubai in the second quarter of 2022 discussed several burning global and regional issues of the time
It brought together Arab and international business leaders and experts to discuss several topics under the theme of The Great Business Reset
Auctioneers unveil Microsoft co-founder’s $1bn art collection
Allen co-founded Microsoft with Bill Gates in 1975, becoming fabulously rich as the company grew into the computing behemoth it...Five centuries of touchstone works featuring some of the most significant creators in history are being sold next month
The collection of more than 150 pieces includes work by Vincent Van Gogh, Claude Monet, Paul Gauguin and Jasper Johns
