Seoul, South Korea -- South Korean conglomerate Samsung unveiled on Sunday a plan to invest $310 billion over the next...
Dubai, United Arab Emirates -- US software firm Palantir launched a joint venture with the Dubai government's investment arm on...
Dubai, UAE--Dubai welcomed 1.77 million international tourists in January 2024, an increase of 21% compared to 1.47 million visitors in...Tourists from Western Europe ranked first with 327,000 visiting the emirate in January
Some 311,000 travelers from the GCC countries visited Dubai in the same month
Stockholm, Sweden - Swedish gaming group Embracer, which owns the Borderlands franchise and the Tomb Raider license, announced on Thursday that...Beacon Interactive, which is controlled by Saber Interactive co-founder Matthew Karch, will pay $247 million for the unit, according to Embracer.
Embracer said the divested assets included "38 ongoing game development projects," amounting to a book value of 2.3 billion kronor ($225 million).
RIYADH, SAUDI ARABIA – Saudi Arabia’s inflation accelerated to 1.8 percent in February compared to January 2024, according to data by the General...The cost-of-living index for February rose to 110.64 points, according to the base year 2018, from 108.67 points in the same month a year earlier.
Inflation is measured by the percentage change in the cost of living between the current period and the corresponding period of the previous year.
Washington, US - Former US Treasury Secretary Steven Mnuchin on Thursday said he is putting together a team of investors to...Mnuchin, former US Treasury Secretary, said that TikTok was "a great business and I’m going to put together a group to buy" the embattled app.
"This should be owned by US businesses. There’s no way that the Chinese would ever let a US company own something like this in China," Mnuchin said.
AJMAN, UAE – Director-General of Ajman’s Department of Land and Real Estate Regulation Eng. Omar bin Omair Al Muhairi said...A total of 129 real estate valuation transactions took place in the emirate in February.
There was a rise of 44.7 percent in commercial property value in February compared to January.
It will pay $800 million upfront for the Lyon-based company.The London-listed group added that the transaction would bolster its rare diseases division Alexion.
AstraZeneca's share price was up 0.1 percent in early morning London trading following the news.
Rising fuel needs of ships rerouted away from the Red Sea also to increase demand, the International Energy Agency said....The IEA said world oil demand growth is now forecast to increase by 1.3 million barrels per day (bpd) this year, 110,000 bpd higher than in its previous monthly market report.
Global demand is also driven by the "comparatively buoyant economy" of the US where oil consumption is gaining momentum on rising petrochemical operations, it said.
The company's revenue grew 6.6 percent to $18.25 billion.DP World logged a 13 percent decarbonization in Scope 1 and Scope 2 carbon emissions.
The cash generated from the company's operating activities rose to $4.5 billion in 2023.
- ABU DHABI, UAE – The United Arab Emirates and Hungary have signed an economic cooperation agreement aimed at stimulating trade...
The UAE-Hungary economic cooperation agreement aims to deepen bilateral ties between the two nations and drive growth.
The agreement between the two countries also aims to boost non-oil trade, which has seen a significant increase in recent years.
- Its net profit for October-December rose to US$1.6bn.
The company said net profit for October-December rose to Tw$53.1 billion (US$1.6 billion)
The strong figures follow better-than-expected profits in its third quarter thanks to rising demand
