GCC retail pins hope on customer loyalty programs
Retailers in the region are relying on card-linked offers, utilizing data analytics, mobile apps, and blockchain to enhance engagement and...Business
Aldar Properties awards contracts worth US$2.8bn
ABU DHABI, UAE - Aldar Properties has announced the awarding of 49 contracts, totaling US$5.9 billion (AED22 billion), for a...Business
Stocks fall, dollar boosted by US jobs data
Stocks mostly slid and the dollar surged after US jobs data showed only a timid slowdown in the labor market,...There was a brief rebound at the start of the week as investors hoped data pointing to economic slowdown would allow the Fed to slow down rate hikes.
Rising interest rates boost the dollar as foreign investors seek to buy dollar-denominated debt.
UAE, Egypt discuss cooperation in defense industries
A high-level UAE delegation, on a visit to Egypt, met with senior officials of the Egyptian Ministry of Defense.The two sides discussed opportunities for strengthening the overall relations between the UAE and Egypt.
They discussed promoting partnerships between the defense industry of the two countries.
Global food prices fall for sixth month in a row, says UN
World food prices have fallen for a sixth month in a row in September, UN data showed as they continued...The UN agency FAO said its price index averaged 136.3 points in September, a 1.1 percent drop from August.
The monthly decline was driven by a "sharp fall" in the prices of vegetable oils, the United Nations agency said.
EU leaders try for common response to energy crisis
EU leaders meeting in Prague looked to bridge divisions on how to tackle soaring energy prices as they grapple with...EU leaders were discussing how to better protect their critical infrastructure in the wake of leaks from the Russia-Europe Nord Stream gas pipelines.
Europe is facing an energy crunch as the price of electricity generation skyrockets because of a massive surge in gas prices.
TSMC Q3 revenue at US$19.4bn
The firm operates the world's largest silicon wafer factories.The Taiwanese firm controls more than half of global foundry output, with clients including Apple and Qualcomm.
TSMC produces some of the most advanced and smallest chips which are still highly sought after and in short supply.
Nykaa enters into a strategic alliance with Middle East-based Apparel group
Nykaa will leverage the Apparel Group’s robust retail infrastructure network and deep market relationships to build distinctive GCC focused beauty...Nykaa will leverage the Apparel Group’s retail infrastructure network to build GCC focused beauty offerings
Founded by Falguni Nayar in 2012, Nykaa disrupted the Indian beauty market with its content to commerce expertise
Tihama’s stock surges 10%
The firm won the nod from CMA to increase capital by 700%.Its shares jumped 9.81 percent, continuing to lead the market’s gainers since early trade at $28
According to a bourse filing, the marketing firm’s capital will be increased from $13.33 million to $107 million
Samsung expects 31.7 percent decline in Q3 profit
The South Korean tech giant, Samsung Electronic, has said that it expects operating profits in the third quarter to fall...Operating profit for July to September was predicted to reach 10.8 trillion won ($7.7 billion), down 31.7 percent
The global economy is now facing multiple challenges, including soaring inflation, rising interest rates, and a growing threat of a broad debt crisis
Jordan’s first medical university set to enroll students
The Aqaba Medical Sciences University (AMSU), the first medical university in Jordan, will enroll its first class of medical and...According to the Chairman of the board of trustees, the investment in the private university is valued at $169.25 million, which can be increased
The university will also house an educational and training hospital, which is currently being built, and in its first cohort, the university will enroll 150 students
Judge halts Twitter-Musk case, sets Oct. 28 deadline to close deal
Delaware Judge Kathaleen McCormick, ruling on a Musk request to freeze the case that had drawn a biting retort from...The move buys time for a potential reconciliation between two parties
Twitter said Tuesday it expects to close the buyout deal at the $54.20 price
