HSBC posts record profit of US$30.3bn
The bank would initiate a share buyback of up to US$2 billion.Business
Bank plays crucial role in funding sustainable future
"We continue to capitalize on the promising opportunities in this market through innovative offerings and solutions, while strengthening our substantial...Business Banking & Finance
Sustainable research centers in UAE being built on SDME designs
Several regions across the UAE are witnessing the implementation of the designs of some of the teams that participated in...In the UAE many sustainable research centers based on the designs of the teams participating in the first and second Solar Decathlon Middle East are being constructed
SDMEs were organized by Dubai Electricity and Water Authority as part of its, Dubai Supreme Council of Energy and the US Department of Energy partnership
Major fall in global food prices in July, says FAO
Food prices dropped significantly in July, marking the fourth consecutive monthly decline since record highs earlier this year in the...Food prices dropped significantly in July, marking the fourth consecutive monthly decline since hitting record highs earlier this year in the wake of the developments in Ukraine
The decline was led by double-digit percentage drops in the cost of vegetable oils and cereals
Khalifa Fund offers US$30 million to support SMEs in Kenya
The agreement aims to promote entrepreneurship and develop Small and Medium Enterprises (SMEs) in Kenya.The agreement aims to promote entrepreneurship and develop Small and Medium Enterprises (SMEs) in Kenya
Under the agreement, more than 3,000 projects with 40 percent allocated for women will be financed nd are expected to generate nearly 13,000 job opportunities
Amazon buys iRobot for $1.7bn
The deal reinforces its interest in robotics and automation.iRobot, building robots and "intelligent home" innovations, introduced Roomba self-operating vacuums a decade ago
The deal to buy iRobot for $61 per share along with acquiring the company's debt is subject to approval of shareholders and regulators
There’s light at the end of the tunnel for tech stocks
However, there are numerous economic sectors where tech penetration remains in its infancy, such as in logistics, e-commerce and supply...Many of the tech names that outperformed throughout the past decade have seen the steepest falls. Some have seen 70 percent or more wiped off their values, writes an expert
There are numerous economic sectors where tech penetration remains in its infancy, such as in logistics, e-commerce and supply chains, which retain enormous growth potential
UAE to invest $1bn in Pakistani companies across various sectors
The move aims to explore new investment opportunities and areas for cooperation in the best interest of the two countries.The move aims to explore new investment opportunities and areas for cooperation in the best interest of the two countries
The two countries will cooperate in various fields, including gas, energy infrastructure, renewable energy, logistics etc
PIF of Saudi Arabia sets up investment firm in Egypt
Saudi Arabia's Public Investment Company (PIF) has established a new company in Egypt to drive investment in the north African...The new company will look at sectors as wide as infrastructure, real estate development, and health care to make investments
PIF and its portfolio companies, along with the Saudi private sector, will have access to a variety of investment opportunities in Egypt
Elon Musk accuses Twitter of fraud as court battle heats up
The court battle between Elon Musk and Twitter heats up as the billionaire Tesla boss accuses it of fraud, alleging...Musk has argued in the filing to a court that the number of users actually shown advertising on the platform is about 65 million lower than the firm's 238 million figure
Twitter in turn has accused Musk of fabricating a story to escape a merger agreement that he no longer found attractive
French business ties build on Saudi mega projects
Recent strategic Saudi-French partnership deal becomes crucial as Paris, with its expertise in key sectors, may help the Kingdom in...Recent strategic Saudi-French partnership deal becomes crucial as Paris, with its expertise in key sectors, may help the Kingdom in achieving the goals set under Vision 2030
Saudi Arabia is a new El Dorado for business with projects such as Neom, Al Ula, Read Sea and others, says Bertrand Besancenot, former French ambassador in Riyadh
Jordanian Senate examines draft investment law
Jordan Senate's Finance and Economic Committee hosted an expert in economic affairs at the National Democratic Institute (NDI), to look...Jordan Senate's Finance and Economic Committee examines the draft law regulating the investment environment in the country.
Investment-related laws should streamline business procedures, economic activities, spur investment and enhance competitiveness of the economy
