With Spanish funds, Lebanon plans to revive railway out of service since ’70s
Lebanon's transport minister has said that Spain will finance a plan to revive the railway network that has been out...Lebanon had a railway network since the end of the 19th century which connected Beirut to the Syrian capital Damascus.
It was built during Ottoman rule and inaugurated in 1895, operating until the devastating civil war begun 47 years ago.
Conference in Dubai to bring together Emirati investors and Israeli companies
A conference that brings together Emirati investors and Israeli public companies listed on the Tel Aviv Stock Exchange (TASE) will...The conference is collaboration between the UAE Embassy in Israel, Tel Aviv Stock Exchange and the Dubai International Chamber.
Some of the TASE-listed companies that will participate include Altshuler Shaham, Amos Luzon Dev & Energy, Beeio Honey, Bezeq, Delek Drilling, Energix, Enlight Enregy, Epitomee.
Etihad Rail and FAB sign pact
The bank will arrange finances worth $541m for passenger transport.The agreement comes as part of the UAE National Railways Programme, the largest land transport system of its kind in the UAE.
With the launch of the railway passenger services, the passenger trains will strengthen connectivity between the UAE by connecting 11 cities and locations in the country.
Russia-Ukraine conflict: GCC can fill the energy gap
The Arab oil and gas producers are likely to close the gap that could arise from the disruption of oil...The Arab oil and gas producers are likely to close the gap that could arise from the disruption of oil flows from Russia, according to the Institute of International Finance
The brent oil prices surged to US$100 per barrel for the first time in eight years after Russia attacked Ukraine
Etisalat rebranded e& in pursuit of global tech and investment ambitions
UAE’s biggest telecom operator Etisalat will now be called as e& after its rebranding on Wednesday, which was launched by...The rebranding was launched by Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs.
Abu-Dhabi based Etisalat was founded in 1976 and it has operations in the MENA region and Asia, serving more than 156 million customers.
Saudi Arabia overall export rose 62.6% y-o-y in December
GASTAT data said the value of exports amounted to SAR106.3 billion ($28.35 billion) in December 2021.The total value of exports amounted to SAR106.3 billion ($28.35 billion) in December 2021
This was up from the SAR65.3 billion ($17.41 billion) that Saudi Arabia had in December 2020
UAE Defense Ministry signs deals worth $544m at UMEX & SimTEX
Deals worth more than AED2 billion ($544 million) were made by UAE’s Ministry of Defense during the fifth edition of...This was the largest edition of this event in terms of exhibition area and exhibitors, with 134 exhibitors from 26 countries from around the world.
The Ministry of Defense’s deals on the third and final day of UMEX & SimTEX 2022 included deals with local companies valued at AED 51 million.
Mercedes-Benz posts strong results
Mercedes saw the key measure rise 19.2 bn euros.Mercedes, which changed its name from Daimler at the beginning of the month, saw the key measure rise $21.6 bn
The group's net profit increased almost six-fold to 23.4 billion euros from four billion euros in 2020
Aluminum price hits record high on Ukraine Attack
Aluminum has beaten the previous peak in price hike of $3,380.15, reached in July 2008.The lightweight metal price has been increased as high as $3,382.50 per tone
Analyst Daniel Briesemann said that the rise in price of the metal was expected
Russian central bank to intervene as ruble, Moscow exchange plummet
The ruble-dominated Moex index opened down 13.97 percent, while the dollar-dominated RTS was down 20.16 percent.The central bank measures are intended to provide ‘additional liquidity to the banking sector’ in Russia
This, as Western sanctions loom after the military operation announced by Vladimir Putin against Ukraine
Ozempic maker lowers outlook
The company posted tepid Q3 results.
Kimberly-Clark to buy Kenvue
The deal is valued at $48.7 billion.
BYD Q3 profit down 33%
This was a 33% year-on-year decrease.
Alphabet posts first $100 bn quarter
The growth was powered by cloud division buoyed by AI
Nvidia to take stake in Nokia
Nvidia share price soars 20%.
