Business - TRENDS MENA

The company is cutting about 5 percent of its workforce.

The Egyptian and Saudi governments have signed a draft agreement for Saudi investments in the country totaling a projected $10...
The announcements come as the North African country enacts a slate of financial measures to mitigate the economic fallout of Russia's invasion of Ukraine.
As the world's largest importer of wheat, Egypt relied on the two countries for 85 percent of its supply, as well as 73 percent of its sunflower oil.
The developer would sell the Crystal City Project in Hangzhou for 3.66 bn yuan.
Its total liability is now $300 billion as the company has struggled to repay its investors and bondholders.
The company has said said it would finish projects and deliver them to buyers in a desperate bid to salvage its debts.
The Sharjah Chamber of Commerce and Industry (SCCI) has called on German businessmen and investors to explore investment opportunities within...
A German business delegation attended a forum organized by the Sharjah Chamber of Commerce and Industry.
Gulf Cooperation Council (GCC) countries are the seventh-largest export destination for German industry outside Europe.
Dubai Municipality will work with private sector companies and investors to create a futuristic, human-centered version of the city that...
As the next big market opportunity, the metaverse could provide nearly US$800 billion in revenue by 2024, Bloomberg Intelligence estimates show.
The city would provide simulated time travel to historic moments, or immersive tours of landmark destinations, Dubai Municipality said.
The biennial World Cup has been left off the agenda of FIFA Congress in Doha, with only changes to the...
An idea to enlarge Europe's League of Nations to take in South American countries has also been mooted.
FIFA launched a massive campaign to persuade its members that a World Cup every two years would bring them extra cash and prestige.
BitOasis, a UAE-based Virtual Asset Service Provider (VASP), said on Wednesday it has received provisional approval from Dubai’s Virtual Assets...
In the meantime, the company said it will undertake the process of applying for a license in accordance with the VARA requirements.
To date, the company has transacted over $4bn in virtual asset transactions on its platform, with approximately $1.7bn being transacted in 2021.
On the third day of the Global Entrepreneurship Congress (GEC) in Riyadh, SAR 6 billion ($1.59 bn) worth of agreements...
The Small and Medium Enterprises Financing Guarantee Program “Kafalah" signed a number of agreements with a number of ministries as well as public and private sector institutions.
Monsha'at) also signed various cooperation agreements and launched National Industrial Development and Logistics Program “Thousand Mile” Initiative.
Sky Mavis, maker of battle and trading game Axie Infinity, discovered the security breach on Tuesday, March 23, after a...
Ronin Network, investigating the hack, said the attack targeted its blockchain and netted 173,600 ether and $25.5 million worth of stablecoin
The digital cash heist was initially valued at $545 million, but reached the value of $615 million based on prices on Tuesday, March 30
This year’s summit has brought together 190 countries, over 500 speakers, and 4,000 participants worldwide to discuss the future of...
The summit’s topics focused on policies that drive progress and government development, sustainability, and future technology
The Investopia Summit was launched as part of the WGS 2022 to improve global economic and investment sectors
Shareholders sanctioned it for alleged payments to terror groups.
Ericsson has been under scrutiny after a media investigation coordinated revealed that an internal probe from 2019 was never made public
The internal probe had identified possible corruption in 2011-2019 in the group's Iraqi operations, including the potential payment of bribes