The company is cutting about 5 percent of its workforce.
The statement said Disney will hold 36.8 percent, Reliance will hold a 16.3 percent stake, and Viacom18 another 46.8 percent....
Al-Sowailem resigned due to “personal circumstances."Al-Sowailem held the position of managing director and has resigned from his membership in the board of directors and committees
The company said it will announce any further developments relating to the appointment of a new or acting CEO at the earliest opportunity
Controlling hundreds of thousands of football fans in Qatar's capital will be the biggest security challenge of World Cup 2022,...Unlike previous World Cups, where only two teams and their supporters would generally converge on one city at any given time, all the games will take place in and around Doha
Major General Abdulaziz Al-Ansari, head of Qatar's World Cup security operation, also acknowledged that the numbers were the main concern
- The Financial, Economic and Industrial Affairs Committee of the Sharjah Consultative Council (SCC) reviewed its strategic plans to promote the...
Saif Mohammed Al Midfa, Chairman of the Council’s Financial, Economic and Industrial Affairs Committee, praised exhibition industry's achievements.
He said the council looked forward to enhancing the reputation of Sharjah as a regional hub for prospective investments.
Dubai Electricity and Water Authority’s (DEWA)’s Research & Development Centre has registered a new patent for an Unmanned Aerial Vehicles...The system enables continuous charging for UAVs, providing longer flying hours with a large storage capacity.
DEWA said the system can be used for government, military, commercial, and personal operations.
Qatar Chamber signed a deal with two Spanish organizations by which it seeks to enhance economic, commercial and trade cooperation...There are about 50 Spanish companies operating in Qatar in various sectors like trade, contracting, services.
Bilateral trade exchange between both countries hit $1.2 billion last year compared with $820 million in 2020.
The sale of 625 million shares of the Riyadh-headquartered Kingdom Holding Company is worth roughly $1.5 billion. The company owns...Al-Waleed, once dubbed the Warren Buffett of Saudi Arabia, struggled to recover his political and financial standing in the kingdom after he was detained in a crackdown.
Saudi Public Investment Fund, chaired by Crown Prince Mohammed bin Salman, is at the heart of Saudi Arabia's efforts to end its reliance on oil.
Iraq's Finance minister said during a Television interview, "Iraq will have a surplus of the difference in selling oil, up...Minister said in a Television interview, "Iraq will have a surplus of the difference in selling oil, up to 20 billion dollars"
According to the Iraqi Minister, 2021 budget is unable to cope with economic fluctuations
The Central Bank of Iraq has announced an increase in its capital to 5 trillion dinars ($3.42 billion) Iraqi media...The bank decided to its capital from 3 trillion dinars to 5 trillion dinars.
The increase was made using part of the profits achieved by CBI in 2021.
The UAE has found its way into an exclusive club of top five tea-exporting countries in the world, with total...The tea trade volume reached AED586 million in Q1 this year, including exports worth AED310 million, re-exports of AD51 million and around AED224 million in imports
the UAE tea trade last year stood at around AED1.859 billion, including exports worth AED968 million, re-exports of AED128 million, and AED763 million of imports
Fearing visa hassles could cost him his job in Dubai while an economic collapse had dashed any homecoming options, Lebanese...Citizenship by investment schemes have become a booming business internationally, attracting the well-to-do from volatile countries like Iraq, Yemen and Syria
"Three years ago, I would not have imagined I would buy a passport," said Jad, who had previously grappled with lengthy visa procedures for business trips
