WEF24: The story of Africa is being reclaimed
Africa is moving away from stereotypes of poverty and incapacity to a narrative of ability and competitiveness, Sithembile Ntombela maNdaba,...Business
UAE is the most popular destination for global workers, says report
Dubai, UAE – The United Arab Emirates is the most popular country for international talent seeking employment visas, a report...Business Economy Global
More firms opt for M&As amidst financial distress
As money starts to dry up and subsequent funding rounds get more precarious, companies are expected to experience more acute...The rapid rise in high-velocity M&A interest over the last months is driven by the inherent uncertainty surrounding the global economy and markets
Deal makers see a great window of opportunity but also understand this window could be fleeting, writes Victor Basta, Co-Head of DAI Magister
Aramco to complete $2.65bn buyout of Valvoline in 2023
Days after disclosing it had signed a $2.65 billion equity purchase agreement with Valvoline Global Products, Mohammed Y. Al-Qahtani, Aramco’s...Mohammed Y. Al-Qahtani said that Valvoline and Aramco will expand their existing partnership to ensure that 'Valvoline’s brand is managed in a consistent and holistic manner'
He noted that VGP will acquire perpetual ownership of the Valvoline brand, trademarks and copyrights in the products sector
Conflicts, inflation keep GCC markets on their toes
Though GCC markets witnessed an IPOs rush in the first half of 2022 due to the rising investment interest, the...Though GCC markets witnessed an IPOs rush in the first half of 2022 due to the rising investment interest, the future is not comforting for the rest of the year, says an expert
Due to the volatility of international conditions, GCC stock markets may continue to fluctuate for the rest of 2022, adds Wael Makarem, Sr Market Strategist – MENA at Exness
Saudi, Emirati stocks end the week in red
Despite a 3.9 percent increase in the food and beverage sector and a generally mixed week for the Saudi Stock...The general index of the Saudi stock market "TASI" ended Thursday's trading down 0.2 percent, or 25.01 points.
The index was down 0.3 percent, while three sectors on the Dubai Stock Exchange were down 0.93 percent, with banks leading the decline.
Saudi Arabia advances in education competitiveness index
The Kingdom of Saudi Arabia has progressed in the education, research, and innovation indicators per the World Competitiveness Yearbook 2022...The Kingdom’s ranking jumped to the 24th position in the report, compared to 32 in 2021.
The Kingdom advanced two steps in the scientific infrastructure indicator, garnering the 30th position this year compared to 32nd position in 2021.
Russian agricultural products embargo to cause food crisis, says UN
Russian fertilizers and agricultural products must be able to reach world markets "unimpeded" or a global food crisis could strike...UN said it is important that all governments and the private sector cooperate to bring Russian agricultural products to market
The UN chief vowed that his organization would try to "step up" grain exports from Ukraine before the onset of winter
Jordanian, Algerian businesses aim for better trade relations
The Jordanian and Algerian business community agreed to a new vision for the two countries' economic relations, aiming to open...The Jordanian, Algerian sides stress on the need to develop action mechanisms to overcome difficulties that mutual trade faces.
The two sides agree to intensify meetings and exchange delegations' visits to get acquainted with available economic opportunities.
Two more grain ships leave Ukraine, says Turkey
Two more ships carrying grain have left Ukraine's Chornomorsk port, Turkey's Defense Ministry said on Saturday, bringing the number of...Ukraine's Sea Ports Authority said three seaports had begun loading food onto seven ships which would deliver 66,500 tonnes of wheat, corn and sunflower oil.
The Authority said Ukrainian-origin food would be delivered to France, Sudan, Turkey and the Netherlands.
ADX tops Arab region in market value increase, says AMF
The Abu Dhabi Securities Exchange was the leading Arab financial market in terms of performance last week, as its index...The AMF said that the market value of Arab stock exchanges rose by 2.5 percent, equivalent to some $110.64 billion at the end of trading last week
The market value of the 13 Arab stock exchanges listed in the AMF’s database rose to $4.58 trillion at the end of last week
Asia Cup 2022 trophy unveiled in Abu Dhabi
The Asian Cricket Council’s marquee event returns after a four-year interval with the 2022 edition of the Men’s Asia Cup.The Asian Cricket Council’s marquee event returns after a four-year interval with the 2022 edition of the Men’s Asia Cup
Dubai International Cricket Stadium will host nine games including the final, while Sharjah Cricket Stadium will host four games
