Business - TRENDS MENA

London, United Kingdom -- Precious and industrial metals are surging to record highs as the year ends, driven by economic...

This is a blow to Germany's ailing car sector.
The cuts, all of which will take place in Germany, represent about 10 percent of Bosch's total workforce in the country.
Bosch said the layoffs were needed to help make annual savings of 2.5 billion euros ($2.9 billion) in the group's automotive unit.
Abu Dhabi, UAE — The UAE Ministry of Finance (MoF), in collaboration with the Central Bank of the UAE, has...
The auction underscores growing demand for UAE’s dirham-denominated sukuk, reflecting robust investor confidence in its credit and economic outlook.
With tight spreads over US Treasuries, the sukuk issuance demonstrates competitive pricing while advancing the UAE’s local debt market development.
Acquires Modon Holding’s 17.45% stake
Aldar Estates has become the region’s largest integrated real estate services company with over AED3 billion worth of active contracts.
The platform manages more than 155,000 residential units, which is a 15 percent increase in the past two years.
Experts predict continued growth, with developers increasingly seeking partnerships for brand prestige, service excellence, and higher premiums.
Branded residences have grown by a staggering 180 percent globally over the past decade, reaching a total of 1,746 schemes, with 779 completed projects and 967 in the pipeline.
Hotel brands account for 79 percent of the sector globally, whereof approximately two-thirds are positioned within the luxury segment.
A deal for the Chinese parent company of popular video-sharing app TikTok to sell its US operations would see the...
The United States has forcefully sought to take TikTok's US operations out of the hands of Chinese parent company ByteDance for national security reasons
Under President Donald Trump's predecessor Joe Biden, the US Congress passed a law to force ByteDance to sell its US operations or face a ban of the app
Paris, France -- AI companies have sucked up the world's entire music catalogue and are guilty of "willful, commercial-scale copyright...
AI music generators such as Suno and Udio can produce tracks with voices, melodies and musical styles that echo those of original artists such as the Beatles and Mariah Carey.
The Recording Industry Association of America, a US trade group, filed a lawsuit in June 2024 against both companies.
Nvidia announced a $5 billion investment in struggling US rival to jointly develop chips for PCs and data centers. The...
Investors were also reacting to Wednesday's US central bank decision to lower rates by 25 basis points, its first cut of the year.
The decision to cut came even as US inflation runs well above policymakers' two-percent target, but analysts said the main focus was on the jobs market.
"We have a deal on TikTok, I've reached a deal with China, I'm going to speak to President Xi (Jinping)...
The deal was negotiated over two days of talks in Madrid between US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng.
A US federal law requiring TikTok's sale or ban on national security grounds was due to take effect the day before Trump's inauguration on January 20.
New York, United States - CEO Elon Musk bought about $1 billion worth of shares in Tesla, according to a...
The purchase came the same month Tesla unveiled a proposed compensation package for Musk that could top $1 trillion if he delivers on his vision for stratospheric growth
Tesla chair and close Musk associate Robyn Denholm has made several business media appearances in recent days, defending the pay package
Donald Trump said -- without directly naming the social media giant -- that a deal was reached with a "certain...
Trump added on his Truth Social network that he would speak to Chinese President Xi Jinping on Friday.
A federal law requiring TikTok's sale or ban on national security grounds was due to take effect the day before US President Donald Trump's inauguration on January 20.