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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%.
  • Jordan records 17% spike in export of agricultural products

    Jordan has recorded a seventeen percent increase in the export of agricultural products to JD734 million in 2021, compared with...

    Khaled Hneifat, Minister of Agriculture, said that agricultural exports comprised 17.1 percent of the Kingdom's total exports in third quarter of 2021

    Hneifat noted about 61,000 tons of imported agricultural produce were either resent to origin or destroyed after failing to meet Jordanian standards

  • Bahrain lays foundation stone for United States Trade Zone

    The ceremony among others was attended by the Minister of Industry, Commerce and Tourism Zayed bin Rashid Al Zayani and...

    The ceremony among others was attended by the Minister of Industry, Commerce and Tourism Zayed bin Rashid Al Zayani and US Ambassador to the Kingdom of Bahrain Steven C. Bondy

    The USTZ project follows the visit of the UAE's Crown Prince and Prime Minister Salman bin Hamad Al Khalifa to the USA in November 2019

  • Israel’s economy minister visits Morocco to cement trade ties

    The minister is visiting Rabat, economic capital Casablanca, and tourist hub Marrakesh as well.

    Israel Economy Minister Orna Barbivai arrived in Morocco for a visit aimed at developing economic and trade ties

    Rabat purchased Israeli defense technology after an a visit by the Israeli defense minister in November 2021

  • DIMC, P&O Marinas ink deal to promote marine sports in Dubai

    The deal they signed is expected to support the development in various activities and events in the field of marine...

    DIMC is the government entity responsible for organizing marine sports activity in the emirate

    Dubai-based marina operator and yacht destination P&O Marinas is a subsidiary of DP World

  • ‘Swissleaks’ investigation targets Credit Suisse bank

    A cross-border media investigation broke Sunday claiming that Switzerland's second-largest bank had held tens of billions of dollars of ill-gotten...

    A cross-border media investigation broke Sunday claiming that Switzerland's second-largest bank had held tens of billions of dollars of ill-gotten funds

    Credit Suisse rejected the "allegations and insinuations" in a statement Sunday, saying that many of the issues raised were historical, some dating back as far as the 1940s

  • Covid-19 shakes up GCC’s in-demand job profiles

    Now, the fastest-growing job profiles in the GCC include a mix of both pandemic-resultant and non-pandemic-resultant positions.

    Traditional jobs such as healthcare personnel and core corporate operations are still in high demand around the world

    Employment rates in the Gulf region have risen by 40% annually, thanks to the UAE and Saudi Arabia

  • Gulf travel industry rides on frequent innovations

    While biometric identity management systems have helped improve the pandemic-like situation to some extent by enabling officials at border gates...

    Adoption of advanced technologies for border control management have their share of risks. Also, the integrity of data sets can be corrupted through targeted attacks.

    The biometric identity management systems have helped improve the pandemic-like situation to some extent by enabling officials at border gates to identify passengers at faster rate

  • Jordan apprises US delegation of trade opportunities in kingdom

    A workshop held by the JCC and working meetings with a number of ministers and representatives of official entities, universities...

    The joint cooperation is to support economic cooperation, scientific research and joint business development

    The delegation met King Abdullah, and was briefed on trade and investment opportunities in the Kingdom

  • Nahdi posts $226million profit

    The Jeddah-based pharma retailer plans to float 30 percent of its capital.

    The Jeddah-based pharma retailer made revenues of SR8.6 billion ($2.3billion) during the year

    Nahdi currently operates over 1,150 pharmacies across the Kingdom and a rising number in the UAE

  • GCC startups begin 2022 on a promising note

    Digital economy has driven the startup investment upsurge in the MENA region in 2021.

    In 2021, more than 50 per cent of the world’s private investment funding went to startups in the United States.

    The other four top countries with the most private funds invested are China, the UK, India and Germany.