Paris, France -- AI companies have sucked up the world's entire music catalogue and are guilty of "willful, commercial-scale copyright...
Sharjah, UAE -- The Sharjah FDI Office (Invest in Sharjah) has announced an exceptional increase in foreign direct investment during...
Its shareholders will own 60% of the combined company.Under the deal, Discover shareholders will receive 1.0192 Capital One shares for each Discover share, a premium of 26.6 percent over Discover's closing price on Friday
Acquisition of Discover will help "build a payments network that can compete with the largest payments networks and payments companies," said Capital One founder and CEO
It plans to hike investments in the country to US$5 billion.Its CEO said the company plans to maximise the benefit from the current facilitation on oil and gas exploration activities in land and sea areas
The production plans are being stepped up to meet the growing demand of the local market and to support Egypt's endeavours to export the surplus energy
Its sales jumped 6% to US$27.2bn in half-year results.The company's net profit dropped 86 percent to $927 million as it took a hammering from exceptional items
The mining giant said last week that it was writing down its Western Australian nickel assets because of a market slide
The consumer products sector enjoys tremendous growth, with retail sales value for the industry globally rising by close to 10...The consumer products sector enjoys tremendous growth, with retail sales value for the industry globally rising by close to 10 percent year on year in 2023, says a report.
However, the sector remain at a crossroads, with inflation, digital transformation, and sustainability shaping the future, adds the latest report by Bain & Company.
Gross profit for 2023 rose 1.1 percent compared to 2022.The growth was mainly attributed to the increase in commercial unit revenues by 5.1 percent
It was also due to rise in carriers and wholesale unit revenues by 1.4 percent in stc KSA,.
FUZHOU, CHINA - Construction of the main complex of a joint-investment ethylene project, which involves petrochemicals giant Saudi Basic Industries...The project is being built in the Gulei petrochemicals base in Zhangzhou city, in eastern China’s Fujian Province.
The project entails a total investment of $6.3 billion from SABIC and Fujian Energy Petrochemical Group Co. Ltd.
TEHRAN, IRAN - The Statistical Office of the European Union (Eurostat) reported that Iran and the 27 European Union member...Trade between Iran and member states of the EU recorded a decrease of 9 percent from January to December 2023.
During that period, the exchange of products between Iran and the EU member states was valued at US$5 billion.
- ABU DHABI, UAE – Khalifa Economic Zones Abu Dhabi (KEZAD Group) and Al Ghurair Group subsidiary Automotive Precision Technology (APT)...
The 30,000 square meters advanced manufacturing facility for APT in KEZAD will be located adjacent to Emirates Global Aluminum.
The facility will be one of the largest manufacturers of aluminum in the world and will be operational by early 2025.
DUBAI, UAE – The airport here has "every chance" of breaking its record for passenger traffic this year after surpassing pre-pandemic...Dubai International, the world's busiest airport for international passengers for nearly a decade, hit 87 million visits in 2023.
Dubai Airports' official forecast for 2024 stands at 88.8 million passengers, despite the Israel- Hamas war which began in October.
SHARJAH, UAE - The Financial, Economic and Industrial Affairs Committee of Sharjah Consultative Council (SCC) held a meeting to discuss...The committee addressed the outcomes of its recent visit to Sharjah Commerce and Tourism Development Authority.
The committee was briefed about the authority’s efforts to stimulate tourism by conducting events throughout the year.
