Alibaba share buyback program up $25bn
Following the announcement, the firm's shares rise 5% in trading.Company News Business
Equinor reports 59% fall in net profit
Its earnings were US$36.2bn, half of what is was in 2022.Business
Deeply divisive Monroe biopic ‘Blonde’ hits Netflix
While there is almost universal praise for the visceral lead performance by Ana de Armas, critics cannot agree whether the...While there is almost universal praise for the visceral lead performance by Ana de Armas, critics cannot agree whether the nearly three-hour film is an artistic tour de force
For ID magazine, "Blonde" is "guttural, instinctive, anguished filmmaking that bends space, time, and every cinematic tool at its disposal in service of attaining emotional truth."
Sure Global to list on Nomu
The Saudi tech firm has set the price at $19 per share.The company has reached an agreement with its shareholders to allocate 1.284 million shares, representing 25 percent of its capital, to offer and sell in the market
It received approval from the Capital Market Authority on June 30 for its registration to trade on Nomu
Porsche, luxury carmaker with storied history
The Porsche-Piech family are the main shareholders of the Volkswagen group, and have roots in Germany's auto industry stretching back...Porsche made waves at the Frankfurt international motor show in 1963 when it unveiled a new car with a six-cylinder engine
Volkswagen, the parent company of Porsche, has launched a well-publicised drive to dump combustion engines
Netflix and Disney+ to launch ad-supported subscription
Netflix and Disney+ will launch an ad-supported subscription in the coming weeks thus biting into the revenue of traditional television...Netflix is expected to launch an ad-supported subscription tier in early November, about a month before rival Disney+ does the same
Disney+ will transition its existing $7.99-per-month subscription tier to the ad-supported version, and the ad-free option will go for $10.99
German chancellor says Qatar rights improving
Applauding Qatar's rights record, Germany's Chancellor Olaf Scholz said that the gas-rich country has made progress on "questions that have...Qatar says that much of the criticism is unfair and that major reforms have changed conditions for hundreds of thousands of migrant workers
German supporters' groups have criticized Qatar but the national football federation has rejected calls to boycott the event, pointing to reforms carried out in the past few years
Jordan PM meets Iraqi, Syrian, Lebanese agriculture ministers
Jordan Prime Minister Dr. Bisher Khasawneh has a joint meeting with the agriculture ministers of Iraq, Syria and Lebanon.The Jordan PM stressed the importance of the four countries' cooperation to enhance sustainable food security.
The PM said COVID-19 pandemic and Ukraine war have affected basic commodities supply chains.
Sudan seeks investment from Qatari private sector in various sectors
Doha, Qatar - Qatar Chamber explored, with the Ruler of Darfur region in Sudan, investment cooperation and enhancing the role...Ruler of Darfur Region in Sudan, Minni Arko Minawi and Qatar Chamber First Vice-Chairman Mohamed bin Twar Al Kuwary discussed investment prospects.
Arko Minawi said that the region is rife with a host of investment opportunities in various sectors such as mining and infrastructure.
Gender bias in MENA workforce raises concerns
The latest study on Diversity, Equality and Inclusion sheds light on the diversity gap in the region while offering solutions.Middle East – IMA and IFAC recently release DEI report: "Diversifying Accounting Talent in the MENA region: A Critical Imperative to Achieve Transformational Outcomes”.
The study focuses primarily on gender, nationality, and ability within the MENA region, assessing deeply rooted issues inhibiting DEI progress within the accounting profession.
Sharjah Chambers discusses credit report, score for SMEs
The Sharjah Chamber of Commerce and Industry (SCCI) has hosted a webinar in cooperation with Al Etihad Credit Bureau (AECP)...The webinar discussed various topics including the comprehensive credit protection solutions provided by Al Etihad Credit Bureau.
The credit protection solutions help companies improve risk management and make the right decisions when interacting with customers.
GHD, Fraunhofer–Gesellschaft to help develop UAE hydrogen policy
The Ministry of Energy and Infrastructure (MoEI) of UAE announced that it had signed an agreement with GHD Group, in...UAE's National Hydrogen Strategy will help in formulating policies for energy-mix diversification strategies and net-zero targets by 2050.
Crucial elements must be in place for a booming hydrogen-based economy, including proper infrastructure, technological readiness and market access.
