Hyperloop progress: Racing ahead or falling behind?
Over a decade after Elon Musk's hyperloop proposal, no commercial operations have begun, and Virgin Hyperloop shut down in 2023...Business
Increase in Japan’s imports of UAE crude oil in March
This puts the UAE on the top of crude oil providers and at crucial importance for the Japanese energy needs.This puts the UAE on the top of crude oil providers and at crucial importance for the Japanese energy needs
Japan's total oil imports in March amounted to 89.15 million barrels, compared to 78.51 million barrels in February
Saudi real estate rides high on positive sentiment
Saudi Arabia's real estate sector continues to show promising signs, with increasing tourist numbers, consumers returning to retail stores, and...Q1 2022 saw an increase in the number of units built in Saudi Arabia's residential sector
In Q1 2022, Saudi Arabia's house price index rose by 0.4 percent compared to Q1 2021
Pfizer Covid pill sees demand
The drugmaker reported another round of strong earnings.The US pharmaceutical giant said its Paxlovid treatment for the virus would be a valuable means for governments to limit the severity of outbreaks
Pfizer Chief Executive Albert Bourla said the company is seeing “very strong signs of increasing demand for Paxlovid as it remains one of the best tools we have.”
VARA of Dubai to make entry into Metaverse through ‘Sandbox’
Dubai’s Virtual Assets Regulatory Authority (VARA) will enter into the Metaverse with the establishment of its Metaverse HQ in the...VARA is the world’s first regulator to make its debut in the Metaverse and seeks to ensure that the regulator is accessible to its industry
It was established to provide a secure and progressive operating framework for the virtual asset (VA) sector to be able to scale
Stock markets steady awaiting start of Fed meet
Major stock markets mostly steadied Tuesday, with traders braced for a sharp US interest rate hike to curb soaring inflation....With the increase widely forecast, investors will be closely looking for clues on the outlook for futures rate rises
Central banks worldwide are tightening borrowing costs despite concerns such action could hamper financial recovery from the pandemic
Pfizer posts 77% jump in Q1 revenues to $25.7bn
Pfizer reported another quarter of huge revenues growth because of its Covid-19 vaccine on Tuesday, but lowered the company's full-year...Net income jumped 61 percent to $7.9 billion
Pfizer confirmed its full-year revenues forecast, in which about just over half of total sales stem from the Covid-19 innoculation and from Paxlovid
Iran oil minister meets Venezuela President amid rising oil prices
The two countries are said to have discussed ways to ‘overcome’ the effects of US sanctions against both nations.Javad Owji's visit to Venezuela came just weeks after a visit by US officials in the midst of rising global oil prices
In March, a US delegation held a meeting with Maduro, whose very legitimacy as president Washington disputes
Jeddah Season 2022 kicks off in Saudi Arabia
This year's Jeddah Season is expected to feature international events and artistic and theatrical performances, Arab and international art concerts,...Jeddah Season 2022 is expected to make Jeddah a permanent destination for tourism, entertainment, and events in the region
The 60-day event will reportedly see 2,800 activities in nine main zones in the presence of Jeddah residents and visitors
Rockets hit key oil refinery in Iraq, causes minor damage
Six rockets landed Sunday in northern Iraq's autonomous Kurdistan region, Kurdish counter-terrorism forces said, with "minor damage" reported at a key...Kurdish counter-terrorism forces said in a statement that six rockets fell near the Zab river in the Khabat district
The attack which caused no casualties or damage was not immediately claimed by any organization
What are the GCC’s top stock exchange constituents?
What are the top constituents of stock exchanges spread across the GCC countries? Here’s our infographic.Some constituents — publicly traded companies — of the MSCI World Index would be heavier than others
And countries within the Gulf Cooperation Council have some of the biggest public companies in the world
