The company is cutting about 5 percent of its workforce.
The statement said Disney will hold 36.8 percent, Reliance will hold a 16.3 percent stake, and Viacom18 another 46.8 percent....
Jordan imports crude from Iraq under an MoU that was signed by the two governments on January 28 last year.The exports were suspended in early February, pending discussion of details in the MoU
The oil will reportedly be transported to the Jordan Petroleum Refinery in Zarqa
An ex-employee said it paid bribes in the Middle East and Africa.A former employee has said he was fired after working for Microsoft from 1998 to 2018 in Africa
He said he saw company employees involved in corrupt practices in several countries in the region
For the second time since the global financial crisis, the Middle East has surpassed Europe in terms of IPOs as...The proceeds of IPOs from Riyadh to Abu Dhabi have totaled $4.8 billion since the beginning of 2022
Saudi Arabia has the busiest stock market in the Middle East in terms of IPO activity
The International Energy Agency approved a third term for executive director Fatih Birol as the organization seeks a faster transition...The Turkish economist, who has been in the role since September 2015, will serve for another four years from September 2023
The agency has since its inception focused on the energy security of developed countries but its mission was officially extended this week to search for carbon neutrality
European stocks, which had been firmly higher earlier in the session, ended the day with only modest gainsEuropean stocks, which had been firmly higher earlier in the session, ended the day with only modest gains
Bitcoin rose above $45,000 as Moscow is expected to accept cryptocurrency in exchange for Russian gas
The Abu Dhabi Stock Exchange achieved weekly gains of 1.7 percent, while that for the Dubai stock exchange was 1.9...The Abu Dhabi index closed up by 0.2% on Thursday; and 0.3% on Friday
TASI remained unchanged on Thursday, as losses in financial businesses canceled out the gains
Etihad Credit Insurance (ECI), the UAE Federal export credit company, signed a Memorandum of Understanding (MoU) with its Dutch counterpart...Etihad Credit Insurance and its Dutch counterpart Atradius DSB to bolster collaboration through joint strategic projects.
The partnership also seeks to facilitate stronger halal trade through ECI’s Sharia-compliant finance solutions.
SALIC of Saudi Arabia, a subsidiary of the PIF, has said it will acquire 35.43 percent of Olam Agri Holdings...SALIC said that the transaction is expected to be completed in 2022 after obtaining the required approvals from the relevant authorities
Olam is one of the world’s leading commodity trading and processing companies specializing in grains, oilseeds, rice, and animal feed
- Qatar's top World Cup organizer has hit back at Louis van Gaal for criticizing the decision to hold the event...
Van Gaal said this week that it was "ridiculous" for the World Cup to be held in Qatar and that FIFA had only been motivated by money
Hassan al-Thawadi, chief executive of the World Cup Supreme Committee, said Arab fervor for football was "unparalleled"
The real estate and properties transactions worth AED6.8 billion ($1.85 billion) were recorded in Dubai during the week ending 25...A total of 330 plots were sold for AED1.65 billion and 1,653 apartments and villas were sold for AED3.42 billion.
A total of 124 properties worth AED210 million were granted between first-degree relatives.
