Do Kwon’s Terraform Labs files for US bankruptcy
Kwon, who co-founded Terraform in 2018, was arrested last year in Montenegro and is awaiting extradition to the United States...Business
Quiet and not-so-quiet luxury at Paris Fashion Week
PARIS, FRANCE - The Paris Fashion Week menswear shows draw to a close on Sunday. Here are some of the highlights...Business Economy
SFDA, SBA partner to create media content on health, food
The agreement aims to create joint media sponsorship opportunities that serve both sides and to establish specialized media publicationsThe agreement aims to create joint media sponsorship opportunities that serve both sides and to establish specialized media publications
The areas of cooperation include educating consumers on the safe use of cosmetic products, making television programs and providing visual and audio content
Meta virtual money moves could include ‘Zuck Bucks’: Report
Facebook's parent company Meta is exploring the potential of digital money referred to internally as "Zuck Bucks" in a play...Meta abandoned its effort to create a global cryptocurrency -- first called Libra but eventually re-branded as Diem
The founder and chief Mark Zuckerberg has spoken about the importance of e-commerce and financial tools to his vision for an immersive online world called the metaverse
Saudi Arabia hosts annual joint meetings of Arab financial institutions
The meetings are taking place under the patronage of the Custodian of the Two Holy Mosques and Saudi ruler King...The Arab financial institutions hold these annual meetings to review the performance of each entity and the topics on its agenda
The meetings also reportedly contribute to financing development projects in vulnerable countries
Samsung predicts 50% rise in Q1 profit
The company likely to release full results on April 28.Analysts said the forecast was likely driven by strong smartphone sales, but warned of an expected drop in profits in the memory chip division
The coronavirus pandemic has wreaked havoc on the world economy, but it has helped many tech companies boom
Employee wellbeing key to unlock productivity
As business leaders are armed with the knowledge that hybrid working can form a part of the future, previously reluctant...In business, productivity is key to maximize the value organisations provide to customers, whether in increased output or commercial savings brought about by increased efficiency
Now, finding new ways of doing business with customers is a reality for many organisations. That means the old metrics used to measure productivity may become irrelevantÂ
Amazon tactics under US scanner
Amazon is accused of using merchant info for its own products.Former Amazon employees have said the online retail titan used data of other sellers on its platform without their permission
Amazon gathered information about sales trends by third parties at its website to develop private-label products, said reports
More checks needed as crypto scams hit all-time high
Blockchain expert Kim Grauer offers insights into why people fall prey to scammers, how they can protect their crypto assets...In 2021, cryptocurrency-based crime reached an all-time high, with criminal addresses receiving $14 billion.
By the end of 2021, criminals had accumulated $11 billion in crypto from known sources, compared to $3 billion in 2020.
Middle East and Africa may add 14 GW of wind power capacity
The Middle East and Africa can add 14 gigawatts of new wind power capacity in the next five years, according...Between 2022 and 2026, South Africa (5.4 GW), Egypt (2.2 GW), Morocco (1.8 GW) and Saudi Arabia (1.3 GW) would lead the new wind capacity addition
The report said 2021 was the second-best year ever for the global wind industry after 2020 with almost 94 GW of capacity added
Foreign Direct Investment into UAE reaches $20.7 billion in 2021
UAE received $20.7 billion in Foreign Direct Investment in 2021, recording a 3.9 percent growth over 2020. The country’s FDI...The country’s FDI balance now stands at AED 630 billion ($171.6 billion) by the end of 2021, a 13.7 percent growth over 2020.
UAE's outward FDI flows reached nearly AED 82.6 billion ($22.5 billion) in 2021, with an annual growth of 19.1 percent.
Saudi Arabia to ban import of trucks older than five years
Saudi Arabia has declared a ban on the import of trucks older than five years in order to raise the...Saudi Arabia's Public Transport Authority said the decision will take effect on May 5, 2022
It applies to all heavy transport trucks designed for transporting goods and includes locomotives, trailers, and semi-trailers
