WEF24: Understanding regional nuances key to success
Industries are increasingly investing in transformative technologies, including cybersecurity, sustainable solutions and AI, Sapthagiri Chapalapalli tells TRENDS in an interview.Business Tech & Media
IHC net profit soars to US$8.9bn
The company's revenue for the year 2023 stood at US$16.33bn.Business
Investing in HR technology crucial for small companies
A cloud-based HR platform can help HR teams automate and streamline business processes to focus on attracting and nurturing talent....For any small and medium business, a modern human resources platform can be a powerful tool for transforming the acquisition, engagement and management of people
A cloud-based HR platform can help HR teams automate and streamline business processes to focus on attracting and nurturing talent beside automating repetitive activities
After Italy, US now returns antiquities to Egypt
A day after it returned dozens of antiquities to Italy, United States has now returned 16 antiquities worth $16 million...Nine of the pieces had been in the possession of Michael Steinhardt, described as one of the world's largest collectors of ancient art
In 2021, Steinhardt was forced by US authorities to return 180 stolen ancient artworks worth a total of $70 million
Saudi NDF to finance $89m program to boost games, esports
Riyadh, Saudi Arabia---Saudi Arabia's National Development Fund has announced a program to fund the games and electronic sports sector with...The program will be launched by the end of this year in cooperation with Saudi Federation for Electronic Sports and the Ignite.
It aims to provide products and financing solutions through the development funds and banks affiliated with the Fund in partnership with private sector financial institutions.
Khalifa Fund to launch e-commerce program for entrepreneurs
Abu Dhabi, UAE-- Khalifa Fund for Enterprise Development has officially announced the launch of the E-Commerce Acceleration Programme, a training...The programme aims to help deliver results that impact the entrepreneur's bottom line, generate profit, expand their brand's exposure and improve customer engagement.
The five-day training will take place on the 21st, 22nd, 28th, 29th September, and 4th October.
Mubadala to buy Fortress
The Abu Dhabi fund will buy it from SoftBank for $2bn.The PIF-backed SoftBank Group acquired Fortress in 2017 intending to use the New York-based company's expertise to aid in managing its Vision Fund
The reports said the Abu Dhabi sovereign fund could announce an agreement in the coming weeks
Juul to pay US$438m in US over marketing vapes to youth
Under the agreement, Juul would provide payments over the next 6-10 years to individual US states and pledge to not...Juul has been blamed for a surge in youth vaping over its marketing of fruit and candy flavored e-cigarettes, which it stopped selling in 2019
On June 23, the FDA said it was ordering all products made by Juul Labs off the market after finding the vaping giant had failed to address certain safety concerns
US returns stolen antiquities worth US$19m to Italy
US has returned dozens of antiquities stolen from Italy and valued at around $19 million, some of which were found...The District Attorney's office said the stolen items had been sold to Michael Steinhardt, one of the world's leading collectors of ancient art
Among the recovered treasures, which in some cases were sold to "unwitting collectors and museums," were a marble head of the Greek goddess Athena from 200 B.C.E.
BinDawood CEO resigns
Ahmad BinDawood stepped down due to personal reasons.The company said it will announce any developments about the appointment of a replacement in due course
BinDawood Holding Co. is a leading grocery retail operator of hypermarkets and supermarkets in the kingdom
Syria impounds bowls made out of 24 kilos of captagon
Syria has impounded 24 kilograms of captagon crushed and made to look like hummus bowls in one of the bizarre...Captagon traffickers have in recent years found ever more imaginative places in which to conceal their drug, from fake oranges, to real hollowed-out pomegranates
Most of global captagon production originates in Syria, spurring a multi-billion-dollar industry that has made the drug the country's largest export by far
Hotel occupancy rate points to UAE tourism recovery
The total number of hotel guests in the UAE rose to 10.5 million during the first half of 2022, up...The total number of hotel guests rose to about 10.5 million during the first half of 2022, up from 8.3 million during the same period in 2021, latest research by Colliers suggests
The average daily rate of hotels in the UAE rose by 54% in Dubai, 35% in Abu Dhabi, 53% in Sharjah, 14% in Ras Al Khaimah, and 6% in Fujairah during the Q2 this year
