Nespresso faces $330 m lawsuit in Switzerland over capsules
Zurich, Switzerland - A French television star and a group of investors are demanding 280 million Swiss francs ($330 million) from...Business
Al Arabia subsidiary wins Dubai contract
The contract was awarded by Dubai Roads and Transport Authority.Company News Business
UAE, Hungary sign MoU to establish joint business council
The UAE Federation of the Chambers of Commerce and Industry (FCCI) and the Hungarian Chamber of Commerce and Industry (HCCI)...The MoU was signed by Hamid Mohammed bin Salem, FCCI Secretary-General, and Péter Szijjártó, Minister for Foreign Affairs and Trade of Hungary.
The parties inked the MoU at the Hungarian pavilion at Expo 2020 Dubai on the sidelines of the third meeting of the UAE-Hungarian Business Committee.
Governors of UAE and Turkey central banks to collaborate in banking sectors
The meeting was held on the sidelines of the official visit of Turkish President to the UAE.The currency swap agreement was signed in January 2022, which promotes the financial, commercial and investment interests of the two countries.
Senior officials from both the central banks were present in the meeting which was held in Abu Dhabi.
Majority of Saudi nationals positive about tourism sector jobs: Study
A sizable number of Saudis look positively at jobs in the tourism sector, according to a study by the kingdom's...Overall, 80 percent of respondents felt that there were plenty of opportunities for career learning, while 75 percent felt careers in tourism will provide long-term stability.
The regions with the highest interest in careers in tourism include Tabuk (91 percent), Hail (86 percent), Asir (85 percent), Riyadh (82 percent) and Al Jouf (83 percent).
Ghazl El Mahalla of Egypt puts off its listing to April
The Egyptian football club Ghazl El Mahalla has put off its listing on the stock exchange to April. The listing...The prospectus, according to Mohamed Maher, from investment bank Prime Holding, for the initial public offering on the Egyptian bourse will be completed within days
The sporting club had earlier closed a private placement of 37 million pounds ahead of the public offering
India sets an ambitious goal to be a hub for green hydrogen
India has unveiled the first part of a drive to attempt to turn the world's third-largest emitter of greenhouse gases...Green hydrogen is produced using non-fossil fuel power to then be utilized in carbon-heavy industrial processes like making steel and concrete, and for transportation
The country aims to produce five million tonnes of green hydrogen annually by 2030
Dubai records $1.22 billion worth of weeklong real estate transactions
A total of 2,098 real estate transactions worth AED4.5 billion ($1.22 billion) were conducted during the week ending 18 February...A total of 252 plots were sold for AED1.1 billion, 1,437 apartments and villas were sold for AED2.47 billion.
Among the top three transactions was a plot of land in Palm Jumeirah that sold for AED60 million.
WHO picks Egypt and Tunisia to produce Covid vaccine in Africa
Six African countries have been chosen to establish their own mRNA vaccine production, the World Health Organization said Friday, with...Egypt, Kenya, Nigeria, Senegal, South Africa and Tunisia were selected as the first recipients of technology from the WHO's global mRNA vaccine hub
The WHO set up a global mRNA technology transfer hub in South Africa last year to support manufacturers in low- and middle-income countries to produce their own vaccines
BHM posts 125 percent rise in profit
The company nearly doubled its brokerage revenues in 2021.The company attracted 1,500 new accounts over the past year compared to 1,060 in 2020.
BHM said it allocated a total income during 2021 of AED 65.4 million compared to about AED 41 million last year with a growth rate of 60 percent.
Saudi Parts Center to list on Nomu
Saudi Parts Center Co. will begin trading on Nomu, the Saudi stock exchange's parallel market, on Monday, according to a...The Riyadh-based company received the Saudi stock market regulator’s approval for listing last year, in late December
Established in 1988, Saudi Parts Center is an affiliate of AlKhorayef Group, operating under the machinery systems division
Why crypto creators hate being in the public eye
The two lifelong friends from Florida never sought the limelight, but then they built a multi-million-dollar empire selling digital art...Under the pseudonyms "Gargamel" and "Gordon Goner", they created the "Bored Ape Yacht Club", a collection of 10,000 cartoons of apes with various hairstyles and outfits
The story has refocused attention on anonymity in the world of cryptocurrencies
