Lebanon judge charges Nissan employees for allegedly stealing Ghosn documents
BEIRUT, LEBANON - A Lebanese judge has charged four Nissan employees with the theft of documents and devices from the Beirut...Business Geostrategy
MENA startups optimistic despite funding fluctuations
In January 2024, MENA startup funding dropped 34% to US$ 86.5 million across 33 deals, with the UAE leading, followed...Business Markets
Dubai Derma 2022 registers $540m in business deals, attracts 21,000 visitors
The Dubai World Dermatology and Laser Conference and Exhibition (Dubai Derma 2022) concluded its 21st edition on Wednesday, and registered...It focused on various developments related to cosmetic surgery, lasers, cosmetic dermatology and anti-ageing, among others.
The conference featured 326 scientific lectures, 79 workshops, and more than 90 scientific poster presentations.
TAQA to recommend $600m dividend
The company has already paid $500m in quarterly dividends.The dividend payment will be in addition to the final payment of AED1.2 billion ($330 million).
AED1.9 billion ($500 million) (1.65 fils per share) have already been paid in quarterly dividends.
Turkish drones make waves in Russia-Ukraine war
Kyiv has around 20 Bayraktar TB2 drones, built by the Turkish military. Relatively cheap and effective, President Recep Tayyip Erdogan...But while they have proved their worth in several recent conflicts -- from Syria to Libya to Nagorno-Karabakh -- the terrain this time is less favorable, experts say
The Ukrainian ambassador in Ankara has regularly tweeted images of explosions attributed to the drones, targeting Russian columns and artillery
Emirates opens office in Fujairah
The office is located in Al Ghilaila Building, overlooking the Fujairah corniche.Emirates has worked in partnership with dnata Representation Services as its General Sales Agent (GSA) in Fujairah for the past three decades.
The new retail sales office four customer service counters dedicated to flight reservations, ticketing, and general customer enquiries.
Demand for gas and wheat drives Suez Canal’s business up 15%
The Suez Canal has seen a fifteen percent jump in business as ships carrying wheat and gas have filled the...Grain exports will make their way to Northwestern Europe while iron exports will go to Canada and Northwestern Europe
the Suez Canal will begin applying additional fees, ranging from 5 to 10 percent of the transit fees, for various categories of ships transiting the channel
Aramco shares hit record high on the back of high oil prices
Saudi energy giant Aramco's shares rose to a record high on Wednesday amid a surge in global oil prices following...Aramco's stock was trading at 42.9 Saudi riyals ($11.4) in Riyadh, according to the Saudi Tadawul market website
Aramco had priced its landmark initial public offering at 32 riyals ($8.53) per share and it soared the maximum limit to 35.2 riyals on its market debut
Yahsat revenue $123m in 2021
The company signed several contracts in Data and Mobility solutions businesses.Yahsat said it is well-positioned to grow in 2022, with approximately 70 percent of the Group's 2022 projected revenues contracted as of 31 December 2021.
In 2021, Yahsat achieved an Adjusted EBITDA margin of 59 percent with Adjusted EBITDA of AED883.2 million [$240.5 million].
US finds Ericsson disclosures on Iraq graft ‘insufficient’
Sweden's Ericsson said Wednesday that US authorities have found its disclosures about an internal inquiry into its conduct in Iraq,...The news from the telecom equipment maker sent shares tumbling more than 10 percent as the Stockholm stock exchange opened
It revealed an internal Ericsson 2019 investigation that was never made public, identifying possible corruption over many years in the group's Iraqi operations
Romania-UAE Business Forum promotes economic collaboration
Romanian business leaders were speaking at Romania-UAE Business Forum at Expo 2020 Dubai.Romanian business leaders were speaking at Romania-UAE Business Forum at Expo 2020 Dubai
Private sector representatives from the UAE and Romania called for harnessing available opportunities to create joint investment ventures
Boeing halts Russia support
It has stopped its Moscow operations and support for Russian airlines.Boeing suspended parts, maintenance, and technical support services for Russian airlines over Putin's invasion of Ukraine
Apple has already stopped all its products sales in Russia while the EU has banned Russian state media from streaming
