Americana Restaurants posts profit.
The annual net profit in 2022 was US$470 million.Company News Business
US allies warn Israel against ‘catastrophic’ Rafah operation
The leaders of Australia, Canada and New Zealand on Thursday warned Israel against a potentially "catastrophic" ground offensive in the...Business
Iraq to team up with Halliburton and Aramco to explore oil
Iraq is looking to partner with Halliburton Co. and Aramco to tap into oil and gas reserves in the Western...The Iraqi ministry is finalizing the commercial terms of work
The country is also discussing with Aramco the possibility of funding and developing a natural gas field, also known as Akkas
Al-Dawaa raises $27bn in IPO
Al-Dawaa, Saudi pharmacy chain, has raised $27 billion in equity from institutional investors after its first sale of shares to...With the order book 53.8 times oversubscribed, the final offer price has been set at SR73 per share, according to a bourse filing
Individual subscriptions will be invited between Feb. 27 and March 1, offering a maximum of 2.55 million shares
Palestine exports rose 23% y-o-y in December
The rise in exports was 7 percent when compared to November of the same year.Exports to Israel increased in December by 12 percent compared to November
Exports to other countries decreased by 19 percent during the same period
QAIA saw passenger traffic grow 161% in January
Passenger and aircraft movement and air cargo traffic at QAIA remained far lower than pre-pandemic levels.Aircraft movements grew to 4,630 in January, 127.2 percent up from the same period last year
Air freight traffic also reached 4,048 tons in January, 13.6 percent up from the same period in 2021
US restricts import of Afghan cultural items to prevent ‘pillage’
The decree implemented on an "emergency" basis took effect on Friday based on a 'request' of a former government of...US has imposed restriction on importing ceramics, paintings, glass, ivory, ancient textiles, tiles and wood pieces from Afghanistan
This regulation on import could be troublesome for collectors or curators who already have items on their way to the US
UN slams ‘aggressive’ marketing by formula-milk makers
The failure of countries to crack down on the marketing of breast milk substitutes means far too many children are...The $55-billion formula milk industry is said to systematically deploy aggressive marketing strategies
It is said to spend up to $5 billion a year to sway the decisions of parents on how to feed their infants
Syria accords rare approval to telecom firm to begin operations
Syrian authorities on Monday granted a rare license to a new telecommunications company that will start operating in nine months,...Wafa Telecom will become Syria's third telecoms operator in a market currently controlled by Syriatel and MTN
Wafa Telecom CEO Ghassan Saba said the company relied on foreign expertise, amid reports of Iranian investments in his firm
Alibaba shares slump 5%
The drop followed reports that the Ant Group was being probed.Chinese regulators launches a wide-ranging crackdown on alleged anti-competitive practices by Alibaba and other domestic tech giants
Chinese Food delivery giant Meituan shares has plummeted over 20 per cent since Friday which is the biggest fall of the stock
Measuring the impact of investment on ESG factors
With more ESG marketing claims questioned by clients, asset and wealth management firms can no longer tout ESG without convincing...As investors get more sophisticated about ESG matters, they are questioning the claims of commitment to sustainably invested assets and ostensibly sustainable products
The solution to this strategic challenge lies in prioritizing ESG factors for specific target clients and building a model that reliably quantifies the impact on those factors
UAE banks on Instant Payments to shake up sector
The UAE Instant Payments Platform (IPP) is set to go live in Q4 2022, with participation mandatory for all banks...The UAE IPP is set to go live in Q4 2022, with participation mandatory for all banks and financial institutions
Being part of the IPP scheme will allow banks to leverage real-time payments to target new customer segments
