Saudi Arabia to host WEF special meeting in April
Davos, Switzerland — Saudi Arabia will host a special meeting of the World Economic Forum (WEF) in Riyadh this April, Saudi...Business
Google CEO says more layoffs are likely this year
SAN FRANCISCO, US - Google CEO Sundar Pichai has warned employees that more layoffs are in store at the search engine...Business Tech & Media
Elon Musk offers to buy 100 percent of Twitter stock, take it private
Tesla chief offered $54.20 a share, which values the social media firm at $43.4 billion, in a filing dated April...Musk's latest move towards Twitter comes just days after he turned down a seat on the board following his acquisition of a 9.2 percent stake in the microblogging platform.
Musk, Twitter's biggest shareholder, said his "offer is my best and final offer" and he would reconsider his position as a shareholder if it was rejected.
Sandooq Al Watan to fund Lune with $68,000 for its innovator program
Sandooq Al Watan, the community initiative launched by Emirati businessmen to support the creation of a better future for forthcoming...Sandooq Al Watan, the community initiative launched by Emirati businessmen to support the creation of a better future for forthcoming generations.
Lune Platform features an intuitive and easy-to-use control dashboard, designed to give users a comprehensive view of their customers’ financial accounts.
Economic freedom, effective governance key to attract FDI: AMF
The study calls for the stability of the business environment by reforming relevant laws.The study calls for the stability of the business environment by reforming relevant laws
The regulatory quality index outperforms all other factors in attracting investment
Amazon fined $98k/day in France
France says Amazon’s seller contracts have ‘unbalanced’ clauses.French authorities on Wednesday slapped a €90,000-per-day ($98,000) fine on Amazon
It would continue until Amazon removes abusive clauses in its contracts with businesses
Iran’s oldest tyre factory shuts down
Company workers had gathered Sunday to urge the state to save the factory, local media said.The "largest producer of off-road tires in Iran" has been closed due to "financial problems and difficulties in the supply of raw materials"
An American-Iranian company, Kian Tire was established in 1958 was popular for making "military vehicles and large trucks" in Iran
Pfizer plans new Covid jab
It has said a shot for multiple variants is coming by 2022-end.Chairman Albert Bourla said Pfizer was also working on a vaccine that could provide good protection for a whole year
This means people would come back annually for boosters, as with influenza shots currently given out in the US
Inspiring people is ‘a good legacy’: Sheikha Lubna
Sheikha Lubna Bint Khalid Al Qasimi, the first woman to be an Emirati cabinet minister, opens up to TRENDS about...In the UAE, every generation witnesses significant changes, but one constant is the government’s support towards and confidence in youth, said the Sheikha
Empowering women and giving them the right opportunities is not new; it had already started since the foundation of the UAE, she added
Resilience in PE market may open new opportunities
Despite the uncertainty, many PE firms are adapting and keen to point to their funders’ patience and understanding in what...The global private equity market is now worth over $4 trillion, says a latest report
Private equity needs to negotiate the current COVID-19-induced economic crisis.
Saudi, Kuwait to develop gas field despite Iran complaint
Saudi Arabia and Kuwait will develop a disputed gas field despite Iranian objections, while urging Tehran to engage in negotiations,...The two countries also issued a new invitation for Iran to negotiate over the boundary of the gas field
Tehran had earlier said that the deal contravened "previously held negotiations", adding that it "reserves its right to exploit" the field
Covid, digital transformation push GCC cloud growth
Businesses in the region are increasingly adopting cloud to protect their data, apps and infrastructure from fraudulent activities while supporting...Cloud computing can generate $202 billion from various sectors in Saudi Arabia by 2030
Rapid cloud adoption can generate up to $600 bn in recurring value in the MENA region
