Macy’s rejects $5.8bn takeover deal
The company also owns the Bloomingdale's store chain.Company News Business
Bahrain Q4 2023 imports increase to US$3.92bn
MANAMA, BAHRAIN - The Information eGovernment Authority (iGA) has published its foreign trade report of Bahrain for Q4 2023, covering...Business Economy
Iran-Oman trade reaches a record $1.3b: Envoy
Ali Najafi said that during the last Iranian year which ended on March 20, Iran’s exports to Oman were worth...Ali Najafi said that during the last Iranian year which ended on March 20, Iran’s exports to Oman were worth 716 million dollars
Ambassador revealed that among Iran’s neighboring countries Oman ranks 6th in importing goods from Iran
Dubai watches with awe rare rough ruby
A rare rough ruby dubbed one of the world's biggest has gone on display for the first time ahead of...The 8,400-carat stone -- nicknamed Burj Alhamal and weighing 2.8 kilograms (over six pounds) -- was mined in Tanzania and made its debut at a Dubai hotel on Friday
Local reports have suggested the rough ruby with greenish and dark-purple hues could fetch up to $120 million
GCC exchanges recoup their losses
From the UAE to Saudi Arabia, the main indexes made up for their losses as the week came to a...The Abu Dhabi index fell 1.3 percent on Thursday, its biggest daily fall in more than a month
The Dubai index on Monday climbed 1.3 percent to its highest in the previous two weeks
Over 1m medical tourists visit Iran in a year
Most patients come from neighboring countries including Iraq and Afghanistan, Head of the tourism office at Iran’s Ministry of Health...Most patients come from neighboring countries including Iraq and Afghanistan, Head of the tourism office at Iran’s Ministry of Health Mohammad Reza Tarjoman said
Tarjoman said there are 200 medical centers that have permission to accept foreign patients underlining that Iran is ranked 46 worldwide in the area of health tourism
Why few brands lag behind in sustainability game?
The best brands take a cross-functional approach, embedding sustainability within divisions and business units while linking incentives to sustainability targets....Winning brands decide which specific sustainability topics they want to use to actively engage with consumers
To bring sustainability messages authentically to consumers, the best brands develop a sensitive consumer-engagement strategy
Tunisia tourism revenues climb 48% to $200m by April 10
The country’s external debt services went up 5 percent, from nearly TND2 billion ($666.69 million) to about TND2.1 billion ($700.02...Cumulative labor income saw a 15.3-percent rise to TND1.9 billion ($633.71 million) on April 10
This was against the TND1.6 billion ($533.42 million) on the same day in 2021
Dubai saw weeklong real-estate transactions worth $2.12bn
The total number of real-estate transactions that took place was 1,968, according to data from the Dubai Land Department.The Land Department data showed the sale of 246 plots worth AED1.49 billion ($405.72 million) last week
Meanwhile, 1,312 apartments and villas were sold for a total value of AED 2.96 billion ($805.99 million)
Elon Musk’s move to buy Twitter faces roadblocks
Even for the richest person on the planet, buying Twitter was always going to be a challenge –- a highly...Even with a moderate and inflexible proposal, which could help the board argue for rejection, itthat could end in lawsuits from just about everyone involved
Musk has the option of sidestepping the board and trying to buy shares directly from shareholders on the market
Twitter throttles Musk bid
It is to ensure that he doesn’t get a controlling stake in Twitter.Elon Musk's proposed buyout faces several hazards, including possible rejection and the challenge of assembling the money
Musk buying Twitter could have significant impacts on the globally-used social media platform if the deal is consummated
Masdar and Kyrgyzstan to explore renewable energy projects
Masdar, one of the world’s leading renewable energy companies, has signed an agreement with Kyrgyzstan to explore the development of...Masdar will explore the development of investment in a range of renewable energy projects, including ground-mounted solar photovoltaic (PV), floating solar PV and hydropower
Kyrgyzstan is targeting reducing greenhouse gas emissions by as much as 44 percent by 2030, and achieving carbon neutrality by 2050
