Goldman Sachs, Mubadala ink pact
The two firms have signed a $1 billion private credit deal.Company News Business Economy Global
Hyperloop progress: Racing ahead or falling behind?
Over a decade after Elon Musk's hyperloop proposal, no commercial operations have begun, and Virgin Hyperloop shut down in 2023...Business
ADNOC awards $1.83 billion framework agreements for drilling-related services
The awards cover ADNOC’s onshore and offshore fields and will run for five years with an option for a further...The awards cover ADNOC’s onshore and offshore fields and will run for five years with an option for a further two years
The framework agreement awards will support ADNOC’s requirement to drill thousands of new wells to expand its production capacity
Toyota to spend $5.3 bn expanding Japan, US battery output
Part of the cash is included in a huge two-trillion budget for the development and production of auto batteries that...Toyota is the world's top-selling carmaker, and has championed hybrid motors and pioneered hydrogen as a fuel of the future
The company said it aims to begin producing cells for battery-powered vehicles in the two countries between 2024 and 2026
Evorra secures extra $1m for data marketing at scale
Evorra CEO Aaron Ritoper said that the company has developed with regular input from a community of brands which believe...Evorra CEO Aaron Ritoper said that the company has developed with regular input from a community of brands which believe in the power of a decentralised data service
Boston-based York IE is set to become lead investor to help the SaaS marketplace company turn marketers into data marketers
Netflix in the soup for Mexican drug ‘queen’ show
Sandra Avila Beltran has filed a claim with Mexico's intellectual property agency alleging that the character Teresa Mendoza in "La...Avila Beltran wants 40 percent of the royalties from Netflix and Spanish-language television network Telemundo, for hurting her reputation
The second season of the "La Reina del Sur" won an International Emmy Award for Best Non-English Language US Primetime Program in 2020
Amazon to unveil its $1bn bet with ‘Lord of the Rings’ prequel launch
It is hard to imagine what the great director would have made of Amazon's $1 billion gamble on "The Lord...It is central to Amazon's bid to stand out in the "streaming wars" with Netflix, Disney+ and HBO Max
Amazon has also put on glitzy premieres for "The Rings of Power" in Los Angeles, New York and Mumbai
Ajlan signs deals worth $7bn
Its collaboration with Malaysia will be in key sectors.The deals aim to develop effective programs to promote collaboration between the two countries to invest in key sectors: industrial manufacturing, healthcare, technology
Ajlan will partner with Malaysian companies such as SilTerra, Cybersecurity Malaysia, Aerodyne, NADI Corp., Malaysian Genomics Resource Centre Berhad, MYEVENTS International
Realty, banking blue chips continue to power UAE markets
Among other stocks, Emirates NBD, DEWA, and TECOM increased 0.74 percent, 0.77 percent and 1.25 percent respectively.Among other stocks, Emirates NBD, DEWA, and TECOM increased 0.74 percent, 0.77 percent and 1.25 percent respectively
Driven by Emaar, Dubai General Index (DFMGI) advanced 0.79 percent to 3,463.5927.16 pts, with the property blue chip closing higher at AED4.80
GCC hospitality looks at more sustainable practices
'Eco-friendly travelers' are gradually putting pressure on hospitality businesses in the Gulf region to incorporate green concepts and sustainability practices...'Eco-friendly travelers' are gradually putting pressure on hospitality businesses in the region to incorporate green concepts and sustainability practices into their services
The industry impacts environment through its considerable energy and water consumption and the waste it generates, especially organic waste and single-use disposables
Sharjah Chamber set to organise ‘Al Maleh and Fishing’ Festival
The Sharjah Chamber of Commerce and Industry (SCCI) has announced it will be organizing "Al Maleh and Fishing" Festival in...The SCCI added that all preparations are in place, and the festival is scheduled to begin on September 8, 2022, in Dibba Al Hisn City.
The four-day event will involve the participation of several government entities and private sector companies.
Saudi bank loans to public and private sectors grow 14% by July end
Riyadh, Saudi Arabia - Saudi bank loans granted to public and private sectors grew 14 percent by the end of...The total loan granted by Saudi banks amounted to SAR 2.324 trillion ($620bn) by July end.
Private-sector lending also increased by 14 percent year-on-year (YoY) to SAR 2.213 trillion ($590bn).
