The firm’s performance was fueled by strong growth.
- Riyadh, Saudi Arabia - The Saudi Air Connectivity Program (ACP) and China Eastern Airlines have entered into a strategic partnership...
JetBlue Airways announced Tuesday a bid to acquire Spirit Airlines for $3.6 billion, setting up a bidding war with Frontier...The all-cash bid of $33 a share marks a 52 percent premium of Spirit's price prior to its February 7 announcement of the deal with Frontier
Frontier opposed JetBlue announcement and said its proposed merger with Spirit remained "in the best interest of consumers and shareholders
Al Moammar and Saudi Fransi Capital sets up a private fund.One of Al Moammar primary objectives is developing technology start-ups with the focus on disruptive and innovative technologies
The company said it intends to establish a business incubator, accelerator, and innovation lab, either within the company or as a separate subsidiary
Tractica LLC, a market intelligence firm, revealed that spending on quantum computing will surge from US$260 million in 2020, to...Tractica LLC, a market intelligence firm, revealed that spending on quantum computing will surge from US$260 million in 2020, to US$9.1 billion by 2030
90 percent of organisations will partner with consulting companies or full-stack providers to accelerate quantum computing innovation through 2023, according to Gartner
Throughout #MonthofGood, Meta will be sharing the stories of Muslim communities making positive impact.Throughout #MonthofGood, Meta will be sharing the stories of Muslim communities making positive impact
The company is also introducing new Ramadan AR effects and weaving Muslim culture into the foundation for the metaverse
The total annual dividend for 2021 is now Dh0.8 per share.The Group reported a net profit of AED 9.3 billion, an increase of 3.2 percent year on year
It also saw a 3.0 percent increase in its aggregated subscriber base, rising to 159 million
- Around 40 free zones in the UAE are likely to attract more investors and FDI after they were declared exempt...
The 9-percent corporate tax will be levied on companies with profits above AED375,000 (approximately $102,090)
Announced on January 31 by the UAE’s Ministry of Finance, the tax regime will be implemented from June 1, 2023
Qatar Development Bank (QDB) announced the launch of a version of the "Al Dhameen" program for micro-enterprises, for the first...Al Dhameen program for micro-enterprises is characterized by a profit rate and distinct conditions.
He noted the program will contribute to the development of the national business system in terms of access to financing.
The acquisition includes retail banking and credit card.Citigroup expects to close the transaction by the second half of this year, after which no changes will apply to the services provided to Bahraini customers.
Citigroup plans to exit operations in 13 markets, including Bahrain, Australia, China, India, Indonesia and South Korea.
Lebanon’s Deputy Prime Minister Saadeh al-Shami claimed on Monday that the country and its central bank had gone bankrupt. The...Lebanon is in the third year of a financial implosion, which is widely blamed by experts on decades of corruption and bad policies
These have led the currency to crash in value by more than 90 percent since end-2019, and banks to lock most savers out of hard currency
Satellites in low orbit to provide internet service to people below.Amazon said that its contracts with Arianespace, Blue Origin and United Launch Alliance (ULA) are the largest commercial procurement of launch vehicles in history.
The overall cost and timing of launches booked to make Amazon's Project Kuiper a reality were not disclosed.
