Alcoa to buy Alumina in all-stock deal
The US aluminum producer will buy Alumina for US$2.2bn.Business
WTO launches US$50m fund for women entrepreneurs in developing countries
ABU DHABI, UAE - The director general of the World Trade Organization, Ngozi Okonjo-Iweala, on Sunday launched a $50 million fund...Business Economy Geostrategy Global
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
Saudi-Thai Business Council set up to enhance trade
The Federation of Saudi Chambers announced Monday the establishment of a joint Saudi-Thai Business Council.The Federation of Saudi Chambers announced Monday the establishment of a joint Saudi-Thai Business Council.
Thailand's Deputy Prime Minister said that discussions with Saudi officials resulted in signing of three pacts
State Grid Corporation of China opens first office in UAE
Dubai, UAE: State Grid Corporation of China (SGCC), the largest utility company in the world, has expanded its presence in...State Grid Corporation of China (SGCC), the largest utility company in the world, opened the office in Dubai International Financial Centre.
The SGCC has invested in utilities in Oman as well as internationally in Italy, Portugal, Greece and the Philippines.
Uniper seeks state aid on prices
Massive hike in the gas prices hits firm's profitability.The Duesseldorf-based group said it had used up the nine-billion-euro line of credit agreed in the bailout as the cost for gas soared.
One of biggest importers of Russian gas, Uniper has been squeezed as Moscow has reduced supplies to the continent in recent months
UAE launches net-zero drive for firms
The Ministry of Climate Change and Environment (MoCCAE) Monday launched the UAE Climate-Responsible Companies Pledge. The pledge aims to increase...The pledge aims to increase the engagement of the private sector in the country’s decarbonization drive
The pledge forms the basis of future collaborations between the private sector, non-governmental organizations (NGO) and international organizations.
ADRO, ADGM ink deal to enhance ease of digital visa access
Abu Dhabi, UAE - Abu Dhabi Residents Office (ADRO) and Abu Dhabi Global Market (ADGM) have signed a deal to...ADGM will also provide ADRO a list of global companies to provide exclusive benefits for the Abu Dhabi Golden Visa holders.
The two parties will collaborate to highlight the strategic initiatives of ADRO, including the promotion of the Abu Dhabi Golden Visa and other initiatives locally and globally.
Saudi to host second Global Artificial Intelligence Summit in Sept
Riyadh, Saudi Arabia: Riyadh will host the second edition of the Global Artificial Intelligence Summit from 13 to 15 September,...AI is expected to boost global gross domestic product (GDP) by 14 percent by 2030, or nearly $15 trillion.
The summit includes more than 100 sessions in which more than 200 speakers will participate, working with more than 3,000 participants.
