IPT Energy floats new firm in Sharjah
It will engage in the import and trading of oil products.Business
Mac computers could reach new glory due to AI
SAN FRANCISCO, US - Forty years after igniting a PC revolution, Apple's Mac is stronger than ever and could reach new...Business Global Tech & Media
Grocery apps reap Ramadan benefits
Grocery apps are witnessing a busy period during the Holy Month as scorching summer persuades customers to remain indoors while...More than two years of the Covid-19 pandemic have led to a rise in the adoption of personal electronic devices
This itself has led to a change in people’s behavior, especially when it comes to entertainment and ecommerce
Jordan’s electricity linkages with neighbors on track
NEPCO Director Amjad Rawashdeh has called the linkages a model for Arab countries.Work is underway to double the electric power exported to the Palestinian Jerusalem Electricity Grid through the Al Ram Electrical Station
The move is expected to raise the volume from the current 40 MW to 80 MW, according to an agreement signed by the two sides
Investcorp may buy AC Milan
The Bahrain-based firm looking to spend around €1 billion.Italian Serie A team AC Milan is a seven-time European soccer champion
It was once owned by the country’s former Prime Minister Silvio Berlusconi
Emaar plans new Fujairah resort
The Emaar Hospitality Group will open the resort in Q2.The Emaar Hospitality Group is the hospitality and leisure arm of Dubai-based developer Emaar Properties
Palace Beach Resort Fujairah will reportedly be the third beach resort of its Address Hotels + Resorts collection
Tunisia works to contain diesel spill after cargo ship sinks
The tanker XELO, carrying 750 tons of diesel from Egypt to Malta, sank in the Gulf of Gabes off Tunisia’s...Tunisia’s Environment Ministry has said barriers will be put up and a perimeter set to contain the diesel spill from the vessel
Divers are also expected to be mobilized to examine the extent of the spill and the infiltrated fuel will be pumped out
SAMA starts consumer microfinance licenses in kingdom
The Saudi Central Bank, or SAMA, has launched licenses for consumer microfinance operations in the Kingdom. This follows the bank’s...Microfinance targets individuals and small businesses, including self-employed people
Sulfah is the consumer microfinance company which is given a license by Saudi Central bank
Retail sales rise on back of online platforms
Grocery and fashion are the most significant in-demand categories during the holy month. The two sectors are expected to see...Many retailers, especially supermarkets and online brands, have made the most noise during Ramadan
Smaller businesses can use unique offer opportunities to entice new customers or reward current ones
ADX launches $17bn ‘Growth Market’ for private sector listings
ADX, Abu Dhabi stock exchange, has rebranded its Second Market into a newly launched Growth Market, with a market cap...ADX said in a statement that as it replaces the Second Market, the Growth Market will continue to target startups, family businesses, and early growth companies
It will allow companies to kickstart their path to joining capital markets through a direct listing, without the need for an initial public offering
Ship with 750 tonnes of fuel sinks off Tunisia coast
A tanker carrying 750 tonnes of diesel fuel from Egypt to Malta sank Saturday in the Gulf of Gabes off...The Equatorial Guinea-flagged Xelo was headed from the Egyptian port of Damietta to the European island of Malta when it requested entry to Tunisian waters
It began taking water around seven kilometers (over four miles) offshore in the Gulf of Gabes and the engine room was engulfed
Dubai Investments makes $258m profit from Emicool deal
Dubai Investments Co. has earned 50 million dirhams ($258 million) from the Emicool deal it concluded earlier. According to the...
