European markets surge as US jobs data batter rate cut hopes
"The markets continue to forge ahead despite a blowout jobs report from the US last Friday which seems to have...Business
Societe Generale to slash 900 jobs
The bank employs 117,500 people around the globe.Business Banking & Finance
UAE offers low-risk business climate
Unstable political conditions in several Arab countries make them high- or extreme-risk places for businesses.Country risk assessment is the process of determining a nation's ability to transfer payments.
It takes into account political, economic and social factors. It is used to help organizations make strategic decisions when conducting business in a country with excessive risk.Â
What can Europe do to fight soaring power bills?
European leaders want to break the link between soaring gas prices and electricity bills, a wholesale reform of the EU...Electric power can't be stockpiled, unlike natural gas, so production and use must constantly be balanced.
In the EU, electricity pricing is determined by the cost of the last energy source employed to respond to demand - often a gas-fired power plant
DEWA ranks as 3rd most valuable utility brand in Middle East
Dubai Electricity and Water Authority (DEWA) has been ranked the third most valuable utility brand in the Middle East and...Dubai Electricity and Water Authority has been ranked the third fastest growing brand in the UAE
The report said that the remarkable success of DEWA's IPO in H1 2022 was also due to the strength of the utility's brand
India’s Adani becomes world’s third-richest person
The self-made billionaire has seen his net worth more than double to $137.4 billion in the last year, rising 20...Prince Alwaleed bin Talal Al Saud, the founder of Kingdom Holding, a conglomerate with stakes in hotels, real estate and equities, is the only Arab billionaire among the top 100.
Egyptian tycoon Nassef Sawiris (net worth $7.06 bn), MA Yusuff Ali (UAE, $5.87bn) and Muhammed Al Amoudi (Saudi Arabia, $5.78 bn) are the other Arabs in the list of 500.
Hub71 picks latest cohort of tech startups from nine countries
Hub71, Abu Dhabi's global tech ecosystem, has selected its latest cohort of tech startups from a large number of applicants...The startups range from FinTech, HealthTech and CleanTech to EdTech, FoodTech and Logistics.
They will benefit from equity-free incentives worth up to $136,000)and access to enabling programmes and an ecosystem of active investors.
Tibbiyah buys stake in rival firm
It bought 51% stake in Innovative Care for $57 million.Innovative Care, the Riyadh-based medical firm, operates New You Medical Center
New You, set up in 2016, is a center specializing in cosmetic and reconstructive surgeries, supported by its pharmacy services provider iPharma
Musk subpoenas Twitter whistleblower in new twist to court battle
According to court documents made public on Monday, Musk's attorneys served Zatko with a subpoena Saturday demanding he share any...Tesla boss hopes that allegations made by the former Twitter security chief Peiter Zatko, about major security gaps and problematic practices at the firm, will bolster his case
Peiter Zatko was also ordered to answer questions on the record for Musk lawyers on September 9
SPIMACO secures $335m loan
The Saudi pharma firm intends to use the capital for growth.The pharma company secured the shariah-compliant financing to grow the business
The firm obtained the facilities in the form of short-term loans to finance working capital needs, long-term loans for expansions and investments, and treasury facilities
Egypt’s Zohr gas field pumps out record 2.7bn cubic meters of gas
Egypt has posted a record in pumping out 2.7 billion cubic meters of gas per day at Zohr gas field...According to the ministry of petroleum and mineral resources the volume of investments in the gas field hit $741 million during the relevant year
Investments have exceeded $12 billion since the beginning of work in the field
UAE tops MENA region in business, technology skills
The UAE -- rated 69th globally in technology skills and 67th in data science -- has a significant chance to...The UAE -- rated 69th globally in technology skills and 67th in data science -- has a significant chance to improve mastery of human cadres in achieving digital transformation
Students in the UAE score an impressive 89% on a test measuring their knowledge of information security engineering, the "World Skills Report" published by Coursera highlights
