Innovation, expansion spur Gulf retail after pandemic
GCC retail sector evolves dynamically, blending innovation with tradition to woo investment, says Khalifa Bin Braik of Majid Al Futtaim...Business
Elon Musk’s move to buy Twitter faces roadblocks
Even for the richest person on the planet, buying Twitter was always going to be a challenge –- a highly...Even with a moderate and inflexible proposal, which could help the board argue for rejection, itthat could end in lawsuits from just about everyone involved
Musk has the option of sidestepping the board and trying to buy shares directly from shareholders on the market
Twitter throttles Musk bid
It is to ensure that he doesn’t get a controlling stake in Twitter.Elon Musk's proposed buyout faces several hazards, including possible rejection and the challenge of assembling the money
Musk buying Twitter could have significant impacts on the globally-used social media platform if the deal is consummated
Masdar and Kyrgyzstan to explore renewable energy projects
Masdar, one of the world’s leading renewable energy companies, has signed an agreement with Kyrgyzstan to explore the development of...Masdar will explore the development of investment in a range of renewable energy projects, including ground-mounted solar photovoltaic (PV), floating solar PV and hydropower
Kyrgyzstan is targeting reducing greenhouse gas emissions by as much as 44 percent by 2030, and achieving carbon neutrality by 2050
Saudi ports throughput tonnage rise by 7.18 percent during Q1
The throughput tonnage at Saudi ports increased by 7.18 percent during the first quarter of 2022, reaching a total of...The number of transshipment containers increased by 5.91 percent, with a total of 1.3 million TEUs.
Saudi ports have recorded a fall in container throughput which declined by 1.27 percent with a total of 2.5 million containers.
KSA reports surge in digital payments in 2021, touching $34bn
Digital payments made through a mobile device accounted for 35 percent of all near-field communication transactions in Saudi Arabia in 2021,...The share of payment transactions made using a mobile device in all NFC payments grew from 22 percent in 2020
The number of payment transactions using a mobile device in 2021 exceeded 1.8 billion, with the value exceeding SR128 billion
France urges cooperation with Algeria after Russia-Ukraine crisis
France and Algeria have been attempting to improve their ties after a diplomatic crisis.Algeria is a major exporter of natural gas, which covers over 11 percent of Europe's needs, compared to the 47 percent from Russia
European countries have been trying to ramp up Algerian exports to reduce their reliance on Russia after it invades Ukraine
Swiss prosecutors probe Libyan gasoil ‘looting’
"A maritime gasoil smuggling network resulting from the looting of Libyan state oil refineries was allegedly carried out between 2014..."A maritime gasoil smuggling network resulting from the looting of Libyan state oil refineries was allegedly carried out between 2014 and 2015," Swiss state prosecutors said
In an investigation published in March 2020, the NGOs Public Eye and TRIAL International accused Swiss traders Kolmar Group of being linked to the allegations
FBI accuses North Korea hackers of $620m cryptocurrency heist
The hack, which last month targeted players of the popular game Axie Infinity, was one of the biggest to hit...Axie Infinity is a game where players can earn cryptocurrency through game play or trading their avatars
Last month's theft came just weeks after thieves made off with around $320 million in a similar attack
Brands track trends, behaviors of consumers in Gulf region
Brands have realised the importance of mobile advertising and smartphones and are utilizing them to capture the attention of target...Brands need to decide how much they should invest in which medium to make their voices heard by their potential customers
66 percent consumers generally do Ramadan shopping with their smartphones directly via mobile ads, researches suggest
Twitter board considers Elon Musk takeover bid
Twitter's board said it would carefully review what it termed Elon Musk's ‘unsolicited, non-binding’ offer and decide on a course...The proposal faces uncertainty on multiple fronts, including possible rejection and the challenge of assembling the cash
Meanwhile, it could have wide-reaching impacts on the social media service if Musk manages to buy the platform
