Trump Tower agreement announced in Jeddah following luxury hotel deal in Oman
A Trump Tower is coming to Saudi Arabia, a regional developer announced on Monday, Al Monitor reported. Dar Global and...Business
Intel suspends expansion of factory plan in Israel
New York, United States - Intel is halting the expansion of a major factory project in Israel, which was going to...Business
Alhokair Group wins $202m contract
Alpha Facilities Contracting Company has awarded the contract.The contract was awarded a project by Alpha Facilities Contracting Co., an affiliate of Al Fanar Group, to provide catering services at a residential complex in NEOM.
It is expected that the financial impact of this partnership will begin as of Q1 2024, which will contribute to strengthening the group’s business.
Fit at 40: the revolutionary Apple Mac in numbers
Paris, France - Forty years ago Steve Jobs revolutionised personal computing by launching the Apple Macintosh, the first PC with a...The first Mac came with 128 kilobytes of memory space, one million times less than top-of-the-line MacBooks today
Apple paid a whopping $800,000 ($2.5 million in today's money) to air the one-minute ad, seen by 77.6 million TV viewers
Do Kwon’s Terraform Labs files for US bankruptcy
Kwon, who co-founded Terraform in 2018, was arrested last year in Montenegro and is awaiting extradition to the United States...Kwon faces fraud charges in both countries related to the crash
According to the filing, Kwon holds 92 percent of Terraform's shares
SABIC to build petrochemical plant in China
The Saudi giant will develop the US$6.4bn plant in Fujian.SABIC will own 51% of the project and Fujian Fuhua Gulei Petrochemical Co. Ltd. will have 49% ownership of the joint venture
The company said that the complex will consist of a mixed feed steam cracker with an annual ethylene capacity of up to 1.8m tons
Sony ends merger deal with Zee
It pulled out of the US$10bn merger of its Indian operations.According to media reports, Sony had sent a termination notice to Zee and that a formal announcement was expected soon
The reports said that Sony cited conditions of the merger agreement not being met as the reason for the decision
Qatar Chamber discusses ways to boost ties with Korean companies
Doha, Qatar--The Qatar Chamber (QC) discussed ways to enhance cooperation and exchange expertise with Korean companies in agriculture and food...The discussion between the chambers and Hyundai Research Institute (HRI) centered upon ramping up ties in the agriculture sector
A chamber official emphasized the status of Qatar as a leading investment destination and how it can become a hub for food security
GCC at the forefront of 2024 sukuk market expansion
This year, emerging markets, led by the UAE, issued record bonds against declining yields and expected rate cuts by major...This year, emerging markets, led by the UAE, issued record bonds against declining yields and expected rate cuts by major central banks.
According to Kamco Invest, this surge is driven by a combination of factors including geopolitical tensions and evolving economic challenges.
Quiet and not-so-quiet luxury at Paris Fashion Week
PARIS, FRANCE - The Paris Fashion Week menswear shows draw to a close on Sunday. Here are some of the highlights...Celebrity presence has always been a big part of the fashion game, with sporting tie-ups playing an increasingly big role.
New York label KidSuper scored big by convincing Brazilian footballer Ronaldinho to walk the catwalk.
UAE foreign investment projects second highest in world: UNCTAD
Abu Dhabi, UAE -- The UAE recorded the second-highest increase in the number of new foreign investment projects around the...The number of these projects increased by 28 percent compared to 2022, said the UNCTAD report entitled “Investment Trends Monitor”.
Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, emphasized that the UAE is benefiting from the forward-looking vision of its leadership.
ArcelorMittal wants ‘amicable solution’ on Italy steelworks
ROME, ITALY - ArcelorMittal has offered to sell its stake or become a minority shareholder in an Italian steelworks after Rome...Italy considers the steelworks a strategic asset, but it has long been plagued by financial problems and environmental concerns.
Talks with ArcelorMittal, which owns a 62-percent stake, had broken down over how to keep production going.