48 Middle East and North Africa IPOs raise $10.7bn in 2023: Report
Five listings, mainly in the energy and logistics sectors, contributed 58 percent towards the total IPO proceeds raised, said the...Business Economy
Twitter starts trial of edit option after months of speculation
The trial of "Edit Tweet" will begin with internal employees, then be expanded out to the platform's "Twitter Blue" subscription...Tesla Chief Executive Elon Musk, who is locked in a lawsuit with Twitter, had backed an edit button
A Twitter spokesperson said the test will not necessarily be employed universally on the platform
Saudi economy pins hope on female entrepreneurs
Saudi women, who had begun with small projects, are now creating startups and setting up factories, highlighting drastic change in...Saudi women have achieved exceptional success through entrepreneurship, particularly with the change in the business environment.
The goals of Vision 2030 are not limited to increasing entrepreneurship but also increasing women's participation in economic fields.
Work begins on world’s first model of green steam cracking unit
Riyadh, Saudi Arabia--SABIC, BASF and Linde have begun work on the construction of the world's first model of an electrically...The new technology relies on the use of electricity from renewable sources instead of natural gas, which can reduce carbon emissions of the process by 90 percent.
The fully electric heating unit will be integrated into one of the existing steam crackers at BASF's Verbund site in Ludwigshafen, Germany.
ADNOC’s first shipment of low-carbon ammonia leaves for Germany
Abu Dhabi, UAE:Â Abu Dhabi National Oil Company (ADNOC) announced on Thursday that its first shipment of low-carbon ammonia has...The demonstration cargo will be delivered to Aurubis, a leading global provider of non-ferrous metals and one of the largest copper recyclers worldwide.
Aurubis plans to utilise the low-carbon ammonia as a feedstock in its wire rod plant, testing its application as an additional, lower-carbon energy source for industrial use.
Markets volatile, world economy likely to grow 3.2% in 2022
As the world economy struggles to recover from the after-effects of the pandemic, financial markets are more volatile than ever.Global investors need to factor in how demand and supply chains will impact trade around the world
The ongoing stop-and-start recovery from COVID has also disrupted global supply chains, leading to more instability in economies all around the globe
UBS partners with Qatar for green project in Gulf country
Qatar Financial Center Authority and UBS Asset Management will collaborate to set up a green sustainable private markets initiative in...The collaboration intends to develop a joint vision for the initiative with the objective of establishing Qatar as a center for environmentally sustainable investments
To give a boost to the partnership Qatar will make an initial seed investment of up to $500 million
S Korean Netflix hit ‘Extraordinary Attorney Woo’ sparks autism debate
The endearing "Extraordinary Attorney Woo", featuring a neurodivergent attorney, has been Netflix's most-watched non-English show for over a month, following...The 16-episode series follows a rookie lawyer whose condition helps her find brilliant solutions to legal conundrums but often leaves her socially isolated
In South Korea, some families of autistic people have described the show as pure "fantasy", saying her character is unrealistic
Saudi Central Bank updates its Regulatory Sandbox Framework
The bank took this step to promote the Regulatory Sandbox's involvement in the Financial Sector Development Program (FSDP), one of...The bank took this step to promote the Regulatory Sandbox's involvement in the Financial Sector Development Program (FSDP), one of the key objectives of the Saudi Vision 2030
The Central Bank pointed out that the updated framework of the Regulatory Sandbox is open for both local and international applicants
Taiba gives hotel contract to ACC
ACC won the $115m contract to build a hotel in Madinah.The hotel will feature two towers connected by a bridge at the upper level with public and dining areas
Taiba posted a profit of $14.97 million during H1 of 2022, wiping out losses of $4.02 million for the same period of last year
Jafza records 19% trade growth
The company overcomes the global economic headwinds.Complementing this growth was an 18.6 percent increase in the number of new companies registered in the free zone
More than 25 percent of the new companies registered in the free zone belonged to the retail and general trading segment
