Alibaba share buyback program up $25bn
Following the announcement, the firm's shares rise 5% in trading.Company News Business
Qatar launches Tatween platform for job localization in private sector
Qatar has launched a forum, Tatween Platform, on job localization in the private sector, with the participation of representatives of...Services, tourism and hospitality, IT technology, finance, health and education, finance, health and education are some of the sectors involved.
Tawteen platform provides a space and a dialogue platform for actors to exchange ideas and best practices in the field of job localization, labor minister Dr. Ali bin Saeed said.
ACWA’s investments surge
The Saudi utility now boasts of $67bn investment portfolio.The company, which builds power and desalinated water plants, currently has 60 percent of its projects in progress and 40 percent in development stages
According to its CFO, Abdulhameed Al-Muhaidib, it has invested $10 billion in the UAE renewable energy, water desalination, and clean gas projects,
Qatar hopes to make US$17bn in profit from World Cup
The 2022 World Cup may prove to be a big windfall for Qatar as it hopes to make some $17...The CEO said that between 3 and 4 billion people around the world will watch the Qatar World Cup 2022
He said that Qatar is expecting nearly one million people, including 12,000 from the media, during the World Cup
Google to shut down cloud gaming service Stadia
Google said it will refund purchases of Stadia hardware, such as controllers, as well as game content bought through its...Xbox-maker Microsoft, meanwhile, offered a rival Game Pass service "with a ton of games," making it a more tempting option for players
Microsoft recently announced that the ability to play Xbox games will be built into Samsung smart televisions in its latest cloud gaming move
GCC investors park wealth in real estate: poll
A TRENDS poll on Twitter revealed that 43.9 percent of voters preferred real estate, followed by technology at 37.4 percent.The age range of the voters was 37.5 percent between 20 and 29 years, 42.9 percent for 30-39 years, 13.4 percent for 40-49 yrs, ad 6.3 percent for voters over 50 years old
According to JLL, among the top fifty real estate markets worldwide, Saudi Arabia has remained stable, validated at the regional level
Meta to freeze hiring to tighten budget: report
Big tech platforms have been suffering from the economic climate, which is forcing advertisers to cut back on marketing budgets,...Zuckerberg said during an earnings call that teams would shrink in order to "reallocate our energy" as it battled a turbulent economy and the rising phenomenon of TikTok
Meta had long delivered seemingly endless upward growth, but reported early this year its first decline in global daily users
Salik begins trading on DFM, after large investor interest
Dubai, UAE— Salik, Dubai toll operator, has listed on Dubai Financial Market under the name of "SALIK", after the offering...It is the third public offering and listing on the DFM in 2022 as part of the plan to develop financial markets in the country
The strong demand toward the issuance prompted the company to raise the offered shares to 1,867,500,000 shares representing 24.9 percent of its share capital
Morocco tells Adidas to withdraw Algeria jersey design
Taking offense at what it calls "cultural appropriation", Morocco has asked Adidas to cancel newly designed footfall tops for Algeria....Adidas released on Twitter a photo of the new 2022-2023 season kit for the Algerian national team it said was "inspired by culture and history"
Morocco and Algeria have long been at odds over the disputed territory of Western Sahara, where the Algiers-backed Polisario Front is seeking independence from Rabat's rule
Middle East plays well to become sports tourism hub
Major events such as Qatar World Cup 2022, Formula 1 Abu Dhabi Grand Prix, etc. will give Gulf tourism a...Major events such as Qatar World Cup 2022, Formula 1 Abu Dhabi Grand Prix, etc. will give Gulf tourism a boost in the last quarter of this year, according to a latest report
Amongst the GCC countries, the UAE, Saudi Arabia, and Qatar will see the majority arrival of travelers mainly from Asia, Europe, the Americas, Africa, and the UK, the report added
Specialized sessions on Metaverse opportunities held in Dubai
As many as seven side sessions were held on the first of the two-day specialized sessions on Metaverse.The first day's sessions discussed methods of an economically viable, inclusive and safe metaverse, focusing on governance, and economic and social value creation.
The first day of the Dubai Metaverse Assembly also included live demonstrations in web 3.0 and the metaverse introduced by SIAPartners.
