Maersk and Hapag-Lloyd ink deal
The cooperation deal between the two will begin February 2025.Company News Business
UAE launches new ‘EcoMark’ green accreditation framework for MSMEs
Davos, UAE - The UAE has announced plans to develop the first-ever sustainability accreditation framework explicitly for micro, small and...Business
Region needs tourism to beat inflation
Despite the global closures and economic crisis, the tourism sector in the Gulf region fared well in 2021 due to...Despite global closures and the economic crisis, the tourism business thrived in 2021
The sector is likely to rebound in 2022 after faltering due to lifting travel restrictions
Italy looks to Algeria to cover possible gas shortage
Italy imports around 95 percent of the gas it uses, and around 45 percent of that comes from Russia.Russia last week invaded Ukraine, causing the United States and its allies to impose sanctions on Moscow
The conflict also sparked alarm among countries like Italy, which depend on Russia for their energy needs
Saudi Arabia regulates reporting of capital market violations
This regulation reportedly aims to improve the manner of the reporting of violations of the Capital Market Law and its...The Board of Directors of Saudi Arabia’s Capital Market Authority gave its approval to this regulation
The move is said to be part of the authority’s efforts to better control and develop the local capital market
PCR testing is a business success in the region
A large number of kits of the PCR test has been manufactured and used across the world in general and...The WHO has said the PCR test is one of the most efficient to detect a Covid-19 infection, but also costlier than other methods
The organization describes has said the test needs to be run at a molecular laboratory, which contributes to the higher cost
Tech giants clamp down on Russia state-linked news
Facebook's parent Meta said it would be restricting access in the European Union to RT and Sputnik.Facebook's parent Meta said it would be restricting access in the European Union to RT and Sputnik
Twitter and Facebook have both been hit with access restrictions in Russia since the invasion of Ukraine
TikTok videos get longer
The app is now letting users upload videos as long as 10 minutes.Longer videos could also enable TikTok creators make more money and boost the platforms advertising business
YouTube recently laid out goals for this year that included making the lives of creators easier and boosting a popular format
Dubai records realty transactions worth more than $430m on Monday
Dubai’s real-estate market on Monday recorded a total of 301 transactions with a total value of AED1.59 billion ($433.22 million).In all, there were 294 sales transactions worth AED666.33 million ($181.44 million) throughout the day
According to the data, Dubai also saw mortgage deals that amounted to AED915.77 million ($249.36 million) on Monday
Saudi job market to stay upbeat in 2022
During the past four years, the kingdom has created 555,000 new jobs as part of its plan to develop $1...Slump in other job markets makes candidates open to moving the kingdom for employment.
Working on infrastructure projects underway in the kingdom will demonstrate future companies' capacity to work within different cultures and adapt to different cultures.
Nadec appoints new CEO
The Riyadh-based firm has appointed Solaiman Abdulaziz Altwaijri as its CEOHadsbjerg resigned for "personal reasons", and also left the company's board, according to a bourse statement
The National Agricultural Development Company is one of the biggest agricultural and food-processing share stock companies in the MENA region
Amiantit appoints new CEO
Feras Bin Ghassab Al-Harbi has held several leadership positions.The company took the decision after resignation of its previous CEO.
The new CEO is already working with Amiantit Co. as the Group CFO.
