Glencore 2023 profit down 75%
The company said lower energy prices cut into its profits.Company News Business
Dubai food and beverage sector stirs up with investment of US$577m
Dubai, UAE-- The food and beverage sector in Dubai has attracted new FDI worth $577 million from 2019 to 2023,...Business
GCC IPOs raise $4.8bn in 2022, outpacing Europe
May Nasrallah, founder of deNovo, tells TRENDS the new listings on GCC bourses have spawned a new chapter in regional..."IPOs in the Gulf prove resilient to the volatility hurting deals in other markets, such as high oil prices, stable economies, and abundant liquidity fuel activity," she said.
Recent IPO listings in 2021 include 20 public listings of Saudi companies (9 on Tadawul and 11 on Nomu), like ACWA Power International and Saudi Telecom.
Women empowerment key focus as region eyes growth
Top executives, officials and experts explore ways to strengthen the role of women in regional business dynamics during the TOP...The first day of the conference is dedicated to women under the "Arab Women Forum," where conversations will be hosted to explore regional and global business dynamics
The Top CEO Conference is an open discussion among thought leaders, executives, and senior government officials and its purpose is to bring global issues into a regional context
‘We ensure aging CEOs stay at top of their game’
Mike Frayne, the CEO of Aviv Clinics Dubai, tells TRENDS that their medical program helps aging C-suite executives to get...'Aviv’s unique medical program can reverse this decline. For a CEO or C-suite executive, this means that they can be at the top of their game for longer. '
With growing investments in the healthy aging sector, we now can take control over the aging process and reverse some of the physical and cognitive declines '
Employment reforms add to women prosperity in KSA
Saudi women have reached unprecedented heights in work and social life, Sarah Al-Tamimi, vice chair of National Committee to Combat..."Many sectors such as retail, construction, mining, work in tanneries, electricity production, car repair shops that had been closed to women are now hiring them."
"Saudi Arabia has introduced legislation guaranteeing equal pay for men and women and initiatives to support working women."
Emaar Properties Q1 profits up 241%
The firm's revenues stand at AED 6.63 billion in the first quarter of 2022.The firm sees robust property sales and significant improvement in the performance of recurring revenue businesses
The property sales backlog amounted to AED 45.24 billion by the end of the first quarter this year.
NEOM will be subject to Saudi sovereignty and rules: Report
Saudi Arabia has rejected claims that its planned futuristic megacity known as NEOM will have different rules from the rest...NEOM is part of Crown Prince Mohammed bin Salman's Vision 2030 plan to diversify Saudi Arabia's oil-dependent economy.
It has been billed as a futuristic cityscape evocative of a sci-fi blockbuster -- with everything from flying taxis to robot-maids.
McDonald’s to exit Russian market
The company will sell its business in the increasingly isolated country.McDonald's in March closed all of its 850 restaurants in the country, where it employs 62,000 people.
The company directly manages more than 80 percent of the restaurants bearing its name in Russia.
Blue-chip shares surge as Wall Street stocks bounces back
Investors remain cautious as to whether China will ease its zero-Covid policy, which has added to the disruption of the...The benchmark Nikkei 225 index firmed 0.45 percent, or 119.40 points, to 26,547.05.
The Nikkei firmed especially in early trade, keeping the momentum from gains of US shares.
Renault hands Russian assets to Moscow
Since Putin sent troops into Ukraine in late February, Renault has had difficulty keeping its operations going due to a...Renault has also handed over it's Moscow plant, Avtoframos to Russia, which makes Renault and Nissan models
Renault, the French automaker giant will retain a six-year option to buy back the stake in AvtoVAZ
Ryanair cuts annual net loss to $369 million
Ryanair expects cost increases as a result of surging oil prices fueled by the war, it hopes "to return to...Ryanair average fares fell more than a quarter to 27 euros despite soaring inflation and Ukraine war
The Irish airlines had expected a much lower loss until the Omicron variant of corona virus spread in 2021
