Over 6,000 F&B companies join Dubai Chamber of Commerce in 2023
DUBAI, UAE – President and CEO of Dubai Chambers Mohammad Ali Rashed Lootah has revealed that 6,478 new Food and...Business Economy
Asian stocks climb up, but inflation sours mood
Asian equities were up on Monday after a rally on Wall Street last week, but analysts say fears of a...Asian market opened with a generally positive performance with Tokyo, Sydney, Singapore and Manila trading up throughout the day
Analyst call it relief as Shanghai's vice mayor announced that reopening of businesses in the city would begin "in stages"
Dubai lures world investors with promise of big returns
Defying grim expectations of economic recession battering the world economy, Dubai has burnished itself by attracting a heavy dose of...The emirate has won over more than 600 FDI projects, including greenfield projects last year
Dubai’s economy grew 6.3 percent in the first nine months of 2021
Facebook loses shine, decade after its stock debut
The likes of TikTok, LinkedIn, Pinterest, Twitter and even Apple now vie with Meta for people's online attention as Facebook...Facebook remains the biggest social media platform with 2.94 billion monthly users
But like other free online platforms, Facebook makes its money from ads targeted at people's interests
e& buys stake in Vodafone
It bought a 9.8% stake for $4.4bn in the British firm.Formerly known as Etisalat, the company has acquired around 2,766 million shares in Vodafone Group
The transaction comes in line with the telecom company’s efforts to become a global player in the field and increase its exposure to international markets
Workplace diversity is both cultural & business issue
One of the biggest challenges for women in the GCC is the lack of possibilities in the workplace, Novonda founder...Companies must make sure to have a diversity-friendly personnel policy and HR practices, says Novonda founder Jean-Pierre Calvez
Digitalization and flexible working strategies have been crucial for the workforce, he adds
Sanctions-hit Iran considering gas exports to Europe: official
Iran is considering the possibility of exporting gas to Europe, an oil ministry official said Sunday against the backdrop of...Russia's invasion of Ukraine in February sent global oil and gas prices soaring, with many European countries dependent on energy imports from Russia.
Tehran and Baghdad had signed a memorandum of understanding a few weeks ago that will see the country increase gas exports to Iraq.
PIF launches Saudi Coffee Company
The Public Investment Fund (PIF) today announced the launch of the Saudi Coffee Company. The company is established to enable...The launch of the Saudi Coffee Company aligns with PIF’s strategy, which focuses on developing and enabling 13 promising sectors
The Saudi Coffee Company’s primary goal is to ensure the national coffee industry is enabled along its entire value chain, from bean to cup
Tech titans curb hiring in a ‘challenging macro environment’
From e-commerce colossus Amazon to social networking star Facebook, US tech firms that once grew with abandon have reined in...Twitter confirmed that it has flat-out suspended hiring, and even showed a few senior executives the exit, as it faces a takeover by Elon Musk, the richest person on the planet.
Amazon, the second largest employer in the United States, revealed that its ranks are overly plump after ending last year with more than twice as many workers as it had in 2019.
GCC firms should focus on digital change: QIB chief
Bassel Gamal, the Group CEO of Qatar's second-largest bank, tells TRENDS that leaders should empower their employees to make decisions."Today, all GCC economies are recovering from the pandemic thanks to higher oil prices, supporting government spending and normalizing business activity."
"The leadership has shifted towards a more collaborative approach, fostering teamwork, productivity, innovation and creativity."
Aramco Q1 profit up 82%
Surge in oil prices benefited the world's most valuable company.Aramco's net income of $39.5 billion was up from $21.7 billion in 2021, "primarily driven by higher crude oil prices and volumes sold, and improved downstream margins."
The latest financial results were published four days after Aramco dethroned Apple as the world's most valuable company, with shares worth $2.42 trillion
