Business - TRENDS MENA

A rising number of tech-savvy millennials, 60 percent of whom shop online, is one of the most important factors responsible...
A meager $5.3 billion, or 0.4 percent of the GCC's GDP, was generated by e-commerce in 2015. By 2020, revenue had quadrupled to $21.6 billion.
According to the Kearney Global Consultancy Firm, GCC e-commerce sales are expected to surge to $52 billion annually by 2025.
Investigators searched the offices of Germany's biggest lender Deutsche Bank on Friday, prosecutors said, with the focus on the bank's...
Deutsche Bank has in recent years been closely watched by financial authorities in relation to suspicious transactions
Investigators searched Deutsche Bank's headquarters in 2019 for failing to report possibly illicit money flows
Altaaqa of Saudi Arabia and TotalEnergies of France have teamed up to establish charging stations for electric vehicles in the...
Under the Altaaqa EV brand, the companies will offer end-to-end solutions for the development of the stations
The move will help Saudi Arabia in its bid to achieve net-zero carbon emissions by 2060
Revenues grew 8.5 percent to AED 3,128 million.
Mobile service revenues increased 6.9 percent to AED 1,402 million while handset sales generated AED 216 million in revenues.
Fixed services revenues jumped 22.8 percent to AED 815 million on sustained demand from consumer and enterprise customers.
The oil giant acquired shareholding from Mubadala Investment Company.
Borealis now will be owned 25 percent by ADNOC and 75 percent by OMV, an Austrian multi-national integrated oil, gas and petrochemical company listed on Vienna Stock Exchange.
ADNOC and Borealis have been partners for two decades through their jointly held Abu Dhabi-based polyolefins company Borouge.
Saudi Arabia's drive to lure more foreign investment into the kingdom's stock exchange paid off as foreign ownership touched $70...
Increased market attractiveness propelled a 54 percent rise in the ownership of qualified foreign investors at the end of 2021 compared to a year earlier
The year also witnessed a higher frequency of listings on the bourse, with a total of 21 listings completed on the Kingdom’s main and parallel markets
The company warns of continuing challenges in the months ahead.
The e-commerce giant said it lost $3.8 billion in the first three months of the year, plunging into the red on a $7.6 billion loss in value of its stock in Rivian.
Sales in the recently ended quarter climbed to $116.4 billion, a seven percent increase from the same period a year earlier.
Tesla chief Elon Musk sold about $4 billion worth of shares in the electric carmaker in the days after Twitter's...
Following these sales, Musk, the world's richest person, holds just over 168 million shares in Tesla, via a trust
Twitter's stock is trading at a significantly lower price than Musk's offer of $54.20 a share closing at $49.11 on Wall Street on Thursday
The Company’s total consolidated revenue has increased by 7 percent to AED 78.6 million in Q1 of 2022 compared to...
The Company’s total consolidated revenue has increased by 7 percent to AED 78.6 million in Q1 of 2022 compared to AED 73.4 million during Q1 of 2021.
The revenues are comprised of AED 55.9 million of operating income and AED 22.7 million of investments returns and others
The bank, which is a key financial enabler of the UAE’s economic diversification and industrial transformation agenda, has also been...
The bank, a key financial enabler of the UAE’s economic diversification and industrial transformation agenda, has also been assigned an ‘aa-’ Government Support Rating
The EDB has contributed AED1.91 billion to the UAE’s GDP growth following the launch of its new strategic vision