Saudi Arabia, China sign MoU to develop air transport cooperation
Beijing, China - Saudi Arabia and China on Thursday signed a memorandum of understanding (MoU) to develop air transport cooperation.The MoU...Business
Vietjet to buy 20 A330-900 planes
The company signed MoU with Airbus for the widebody aircraft.Business
Saudi PIF buys shares in Alphabet, Zoom, Microsoft
The Fund purchased 1.8 million shares of Microsoft, 4.7 million class A shares of Zoom, and 213,000 class A shares...The Fund purchased 1.8 million shares of Microsoft, 4.7 million class A shares of Zoom, and 213,000 class A shares of Alphabet
It also acquired shares in JPMorgan and BlackRock, buying 3.9 million shares and 741,693 shares respectively
Lebanese man who took bank staff hostage let off
Bassam al-Sheikh Hussein held bank staff hostage in Beirut last week to demand access to his trapped savings. After a...A judicial official said that Hussein has since been released but still faces possible charges by the state
The state media reported that he took the drastic action to access his savings so he could pay for surgery for his father
ACWA Power to sign $2.4bn wind power project deal in Uzbekistan
ACWA Power Company will join hands with Uzbekistan in order to enter into a $2.4 billion deal for a 1,500-megawatt...It will be the biggest onshore wind project in the region and will contribute 19 percent to Uzbekistan’s overall renewable energy goals
The plant once completed will power 1.65 million households and offset 2.4 million tons of carbon emissions per year.
Musk says tweet about buying Manchester United was a joke
The world's richest man has a habit of posting provocative statements on Twitter for fun and Musk was at it...Musk, who recently sold nearly $7 billion worth of Tesla shares, is in a major legal battle in the US state of Delaware over his aborted plan to buy Twitter
Manchester United, one of the biggest clubs in world football but suffering a prolonged slump, are owned by the Glazer family
Dallah reports 52% profit rise
The healthcare company saw its profit vault to $40m in H1.The company's stock however posted a 1.9 percent drop in early Tuesday trading, but then rebounded to close 0.9 percent higher at SR118
The uptick in revenues came on the back of continued growth in operations and higher hospital admissions during the six-month period
Abu Dhabi Airports teams up with ICP to boost passenger service
The partnership aims to achieve the highest levels of service excellence at all terminals and facilities of Abu Dhabi Airports.The agreement stems from Abu Dhabi Airports and ICP’s keenness to adopt best practices in areas of security, safety and air transport
Shareef Hashim Al Hashmi, CEO of Abu Dhabi Airports, said the collaboration is intended to enhance passenger experience at Abu Dhabi airports
Qassim Cement’s profit tumbles
The Saudi firm posted a 73% fall in profit to $14m in H1.Following the news of financial results, the company stock tumbled 2.45 percent at the end of Tuesday's closing
Its revenue also declined by 30 percent during the first half to stand at $78.66 million
Policies, infra make Dubai hub for talent, innovation
For decades, the emirate has been a global player with a plethora of capital, talent, corporate tax incentives and ground-breaking...For decades, the emirate has been a global player with a plethora of capital, talent, zero corporate tax and ground-breaking technologies, says the latest BCG report
Dubai's unfettered access to global consumer markets makes business activities such as innovation, hospitality, logistics and tourism easier to perform than anywhere else
US acts to make hearing aids affordable
In October, the cost of hearing aids will be down by an estimated $2,800 per pair as there would be...At $5000 a pair, safe and effective and high quality hearing aids have been unaffordable for many Americans.
Children, as well as people with severe hearing loss, would still need a prescription.
UAE busy in strengthening its food security system
The UAE is strengthening its food security system through policies that include promoting cooperation with other countries and markets, diversifying...The UAE is strengthening its food security system through policies that include promoting cooperation with other countries and markets.
The policies include diversifying sources, attracting local and foreign agricultural investment.
