Oil prices rise after US, UK strike Houthi rebels
Oil prices surged four percent after US and UK forces launched strikes against Iran-backed Houthi rebels after attacks on ships...Business Economy Energy Geostrategy
QNB net profits up 8% in 2023
The QNB Group posted a net profit of $4.25 billion.Company News Business
Unilever eyes GSK-Pfizer unit despite $64bn bid rebuff
Unilever has revealed ongoing interest in a consumer healthcare unit owned by GlaxoSmithKline and Pfizer after a bid of £50...GSK said it had received three unsolicited offers from Unilever for GSK Consumer Healthcare, but they were rejected for being too low
The unit's products include Sensodyne toothpaste, pain-relief drug Panadol, and cold treatment Theraflu
FB ad policy irks Iraq NGO
Facebook has been mired in global controversies for its ad policies.The most prominent Facebook ads controversy was when Cambridge Analytica targeted political ads at users after collecting their data without consent
The results were advertisement that led to Donald Trump winning the US presidential election, and Britain voting to exit the EU
Remote working becoming a norm in MENA: Zoom
The year 2022 would “offer a more comprehensive acceptance of remote working policies, as more companies are allowing employees anywhere,”...Around 76% of the UAE respondents chose Zoom as their preferred platform
Zoom is working hard to accelerate the UAE’s digital development across various sectors
UAE banks saw 80% growth in deposits in 10 years
Deposits at banks in the UAE grew 80 percent to AED1,884 billion ($513 billion) in 2020 from AED1,049 billion ($285.64...The number of commercial banks operating in the UAE totaled 58 in 2020 against 51 in 2010
The licensed insurance companies increased from 238 in 2010 to 314 in 2015 to 406 in 2020
World’s 10 richest men doubled wealth during pandemic, says Oxfam
Oxfam said the men's wealth jumped from $700 billion to $1.5 trillion, at an average rate of $1.3 billion per...Oxfam said in its report that the pandemic has plunged 160 million people into poverty
Non-white ethnic minorities and women bore the brunt of the impact as inequality soared, it added
Amman Chamber of Industry exports up by 17 percent in 2021
The exports of the Amman Chamber of Industry (ACI) increased last year in 2021 to "high" levels, compared to 2019,...The United States, India, Saudi Arabia and Iraq accounted for the majority of the Chamber's exports last year, with a value of JD3.111 billion.
ACI exports rose during the same year to many Arab and foreign countries, most notably Indonesia, Egypt, Brazil, Algeria, Turkey, Sudan, Yemen and Malaysia.
Breakbulk Middle East to host top female executives, discuss challenges
Middle East’s largest breakbulk and project cargo event Breakbulk Middle East will host the ‘Women in Breakbulk Breakfast’, as part...A 2021 survey conducted by Gartner Inc shows that women comprise 41 percent of the supply chain workforce in 2021, up from 39 percent in 2020.
The primary aim of BBME is to bridge the gender gap in the breakbulk and project cargo industry.
Dubai records biggest real estate deals worth $41bn in 12 years
During the course of last year, Dubai real estate saw a momentous growth, resulting in deals worth close to $41.1...The total number of deals last year reached 61,241, the largest number since 2013, according to media reports
Of these deals, ready made properties accounted for 60 percent of total real estate transactions in Dubai in 2021, while the rest was made up of off-plan properties
SMEH of Saudi Arabia fixes price range for IPO
Scientific and Medical Equipment House of Saudi Arabia has set a price range between $12-13.9 per share for its offer...The book-building period for participating entities will run from Jan. 17 to Jan. 27, 2022, a bourse statement by the offering’s book-runner, Alistithmar Capital, revealed
Shares devoted to participating entities will stand at 6 million shares, representing the full offering of 30 percent of the company’s capital
Sharjah Publishing City Free Zone registers 2,000 new companies in 2021
A total of 2,000 new companies from 106 countries registered with the Sharjah Publishing City Free Zone (SPC Free Zone)...Most of these companies were from the UK, India, Pakistan, the Philippines, and Lebanon.
SPC provides 600 furnished offices for publishing entrepreneurs and 6,000 square meters of space for investors.
