European market up on record-busting Wall Street
A surge in tech titans including Apple, Amazon, Nvidia and Facebook parent Meta on Friday pushed New York's S&P 500...Business
Threat of AI-powered phishing is on the rise
"Technologies such as Generative AI presents new security challenges. The rise of automated spear phishing necessitates reevaluating our trust heuristics....Business
ADNOC and Borealis AG to list 10% of Borouge plc on ADX
ADNOC and Borealis AG will list 10 percent of Borouge plc, a joint venture between the two companies, on the...Borouge is one of the world's leading providers of innovative and differentiated polyolefin solutions for the agriculture, infrastructure, energy, advanced packaging, and mobility
ADNOC has already embarked on a major expansion drive in this space, including the recently announced Borouge 4 complex and the TA'ZIZ Industrial Chemicals Zone in Ruwais
IMF and Pakistan to discuss release of funds as economy falters
Pakistani Prime Minister Shehbaz Sharif, who took power with a coalition that removed Khan in a no-confidence vote last month,...Pakistan has repeatedly sought international support for its economy, which has been hit by crippling national debt
A six billion dollar IMF bailout package signed by former Prime Minister Imran Khan in 2019 was never fully implemented
UAE to build LNG plant with capacity to produce 9.6m tons
The Abu Dhabi National Co.has revealed that it would build a new liquefied natural gas plant with the capacity to...The project, to be built at Fujairah, would more than double its export capacity as the demand surges
the UAE has three liquefaction plants with a total capacity of 5.8 million tons per annum at Das Island, located inside the Gulf
Netflix lays off 150 employees
The growth of streaming service has slowed down in recent past.The move came just weeks after Netflix reported that it lost subscribers for the first time in more than a decade
Netflix ended the first quarter of this year with 221.6 million subscribers, slightly less than the final quarter of last year
Experts set strategies for ‘The Great Business Reset’
Officials, top executives and experts at the TOP CEO Conference in Dubai brainstorm on ways to stabilise economies and secure...Among other issues, the last day of the event focused on how unstable global economic cycles, regional conflicts, and health risks shall be dealt with to make the economies prosper
'The Inflation Monster session' at the event explored the options before the governments and central banks of the region to handle the rising prices
Dubai Airport retains position as world’s busiest
The Airport Show, the world’s largest annual airport event, was opened by Sheikh Ahmed bin Saeed Al Maktoum, President of...The Airport Show, the world’s largest annual airport event, was opened by Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority
The future projects at the airport include Unmanned Traffic Management, Scheduled UA operations, Night Operations, Multiple Unmanned Aircraft Operations among others
CB of Kuwait to digitize
The bank CEO said robots will play a major role in the future.CBK is the only bank to have SwatchPAY, which is a smart-watch payment service, she informed.
Mahfouz said that one of the things that stood out to her as a woman working in the banking sector was getting more support from males than females.
Musk says no Twitter deal without clarity on spam accounts
Billionaire Elon Musk said Tuesday his bid to buy Twitter won't proceed unless he gets proof of the number of...This latest twist to his $44 billion move to acquire the key platform sparked speculation over whether the world's richest person was trying to shrink the price tag
Musk last week tweeted his bid for the company was "temporarily on hold," pending questions over its estimates of the number of fake accounts, or bots
Stocks recover as Shanghai set to ease lockdown, reopen business
The impact of Beijing's zero-Covid strategy on the world's second-largest economy was revealed Monday when official data showed that retail...Much of the city of 25 million has been under lockdown since April as Beijing attempts to stamp out an Omicron-fueled virus surge.
Tuesday's rally coincides with the third day in a row that Shanghai has recorded no Covid-19 cases outside of its quarantine facilities.
Julphar Q1 sales up by 156 percent
Acquisition of Planet Pharmacies and growth in segment ops led to growth.Gross profit margin increased to 41 percent compared to 28 percent in the previous year.
EBITDA from continuing operations increased to AED40 million in Q1 2022.
