ACRES 2024 concludes, deals worth $381 million inked
Sharjah, UAE -- Real estate deals worth more than AED 1.4 billion ($381 million) were inked at ACRES 2024, organized...Business
SABIC to build petrochemical plant in China
The Saudi giant will develop the US$6.4bn plant in Fujian.Business
India’s Taj Group eyes Gulf expansion, to build hotel in Makkah
The luxury hotel chain is planning 15 new hotels in the next 10 years, which include at least 5 new...The luxury hotel chain has planned 15 new hotels in the next 10 years
This includes at least 5 new properties in Dubai and a new hotel in Makkah
President of Jordan Chambers praises reforms to boost business
President of the Jordan and Amman Chambers of Industry Fathi Jaghbir said Saturday that the National trade window to facilitate...Trade facilitation window had helped to reduce the time for clearance and boost the competitiveness of sectors, he said
Single window for trade carries out the logistical measures of the Customs Department and other entities on clearance and export
Real estate trade volume in Amman $1.6 billion by March end
The total real estate trading volume in Jordan by the end of March reached JD 1.414 billion ($1.6 billion). The...Iraqi investors ranked first with a total of 202 real estate sales and Saudi second with a total of 194 sales among non-Jordanian investors.
Real estate sales in Amman were distributed over 6,077 apartments and 8,265,000 plots of land.
Almarai posts $112m profit in Q1
The Saudi dairy company recorded 9% jump in net profit.The Saudi dairy giant posted the jump in profit for the first quarter of 2022 on the back of higher revenue
Results were attributed to a hike in revenue of 23.6 percent and gross profit of 7.8 percent, even as selling and administration expenses went up
Abu Dhabi grants Binance approval to operate in emirate
Abu Dhabi has allowed Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, to operate as a broker-dealer in virtual...The company has received approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM)
Upon the successful completion of its ADGM FSRA application, Binance will then be able to offer its services regarding virtual asset offerings to customers across the MENA region
First private mission reaches International Space Station
Axiom sees the voyages as the first steps of a grander goal: to build its own private space station. The...NASA join hands with Axiom and SpaceX to focus on more ambitious voyages deeper into the cosmos
ISS will carry out 25 research projects, including an MIT technology demonstration of smart tiles
GCC keeps pace with global solar, wind trends
Countries like the UAE, Saudi Arabia, and Oman appear on track to take giant strides in diversifying their portfolios when...Across the greater MENA region, Yemen, Jordan, Turkey, and Morocco have generated more than 10 percent of their power from solar and wind
However, things appear poised to change very soon, with several projects that may improve the region’s overall renewable outlook
Elon Musk asks: ‘Is Twitter dying?’
He also called out users who are highly followed but rarely post.Tesla founder Elon Musk recently disclosed that he had acquired a more-than-9-percent stake in Twitter
This made him Twitter’s largest shareholder, and so the social media company named him to the board
Successful acquirers make insurgent assets unique
Incumbent brands need small-brand deals to recapture top-line growth and boost total shareholder return. While challenging to get right, these...Despite an overall annual market growth of 4% from 2012 to 2019, the 30 largest consumer goods companies grew less than 1%, a growth gap further widened by Covid-19
Prior to the pandemic, insurgent brands captured more than 30% of the growth across the categories in which they exist, despite accounting for only 3% of the market share
Spurred by higher oil prices, GCC indices post gains this week
The GCC's main indices closed higher toward the end of week, spurred by higher oil prices. The Saudi index "TASI"...The Saudi index "TASI" reached 13,314 points, achieving an increase of 0.4 percent on Thursday, its last trading day
the Dubai index increased by 0.2 percent during the week as the sentiment cooled
