Gaza solidarity boycott hits global food chains
As customers in the Middle East shun international restaurants, local businesses report they have benefited from the boycott.Business Geostrategy Global
‘Bond market acts as a mirror to economic realities’
"(US Federal Reserve Chair Jerome) Powell's focus on verifying inflation's trajectory is in line with the central bank's dual mandate...Business Markets
Free speech or hate speech? Fears for Musk’s Twitter
Elon Musk describes himself as a "free-speech absolutist," leaving rights groups fearful that Twitter will provide a forum for hate...Civil activists are worried that means Musk, 50, will allow banned extremists back to the platform
Like other social media networks, Twitter has struggled against disinformation, bullying and hate-fuelled content
Saudi Arabia lifts ban on poultry and eggs from Denmark
Saudi Arabia had stopped the imports as reports of avian influenza, or bird flu, emerged from across the world.Food products have a significant role in Denmark’s economy
Two-thirds of his country’s exports are mainly food products
Russia boycott echoes in UAE retail market
Chanel stores in the UAE reportedly refused to sell products to Russian customers unless they signed a document committing not...Russian influencers have complained of experiencing ‘Russophobia’ by global brands but refuse to comment on the issue
The UAE's anti-discriminatory and anti-hatred law clearly provides a solid legislative ground for the environment of tolerance, co-existence, and acceptance
Alphabet Q1 profit slips
Shares sank nearly 5 percent to $2,257 on the news.Alphabet reported net income of $16.4 billion in the first quarter of the current year
Its revenue climbed 23 percent to $68 billion compared to the same period last year
Dubai Chamber adds 10,000 new companies as members in Q1
More than 10,000 companies joined Dubai Chamber of Commerce as members during the first quarter of 2022, marking a 64...Member exports and re-exports saw 11.3 percent growth over the same period last year, while their value reached AED 61 billion.
The number of certificates of origin issued by the Chamber during the first quarter of this year amounted to 178,654 certificates, a growth of 7.1 percent from 2021.
Jordan and UAE groups join hands to develop beach project
Jordan Free and Development Zones Group Director Arwa Hiyari said the beach project is aimed at diversifying tourism.The project features a tourism camp housing restaurants, swimming pools and top-notch chalets of different sizes.
The project will also provide new services for Dead Sea visitors and create job opportunities, an official said.
Dubai real estate market records highest single-quarter deals since 2010
Dubai real estate market recorded the highest number of transactions since 2010 registered in a single quarter and the highest...Q1 2022 recorded a total of 20,539 sales transactions worth AED 55.51 billion ($15.11 billion).
The quarter had the highest number of rental contracts ever recorded in a single quarter and it had a total of 160,530 rental contracts.
Aldar acquires stake in AD Business Hub
The UAE-based Aldar Investment is the subsidiary of Aldar Properties.The acquisition marks the creation of Aldar Logistics, the company's new logistics real estate vertical.
Aldar Logistics will focus primarily on the UAE, potentially expanding into Saudi Arabia and Egypt, said an Aldar press release on Tuesday.
e& Q1 net profit $653m
Its consolidated revenues rose 0.8 percent to AED13.3 billion.At constant exchange rates, revenue rose 3.5 percent and EBITDA was up 2.8 percent year-over-year
The number of Etisalat UAE subscribers reached 13.1 million in Q1 2022
Alwaleed blinks as Musk buys Twitter
Prince Alwaleed is one of the wealthiest businessmen in the Middle East, but Elon Musk is the richest person in...Last week, KHC Chairman and Twitter shareholder Prince Alwaleed rejected Elon Musk's bid to acquire Twitter Inc for $54.20 per share
Alwaleed had stated that the deal proposed by Musk did not ‘come close to the intrinsic value’ of the popular social media platform
