- The acquisition for around $5.4bn part of Intel's IDM 2.0 strategy.
As a key part of its IDM 2.0 strategy, Intel established Intel Foundry Services (IFS) in March 2021 to help meet the growing global demand.
Tower operates a geographically complementary foundry presence with facilities in the U.S. and Asia.
- Trade between Brazil and Arab countries grew by 44 percent during 2021, with food exports alone reaching an estimating $14...
Food exports alone reached an estimating $14 billion, said Tamer Mansour, CEO of the Brazilian Chamber of Commerce.
January reports revealed that trading between Brazil and Arab countries could increase further, by 2 to 4 percent in 2022, he added.
- A metal casting and forging plant will be built by South Korea’s Doosan Heavy Industries and Construction at the cost...
The plant will be constructed at the King Salman Global Maritime Industries Complex by South Korea’s Doosan Heavy Industries.
The plant orders in Saudi Arabia and the Gulf Cooperation Council are expected to grow around 2 trillion won per year in 2028.
- Amanat Holdings has posted a huge jump in its income for the year ended December 31, 2021 to AED367 million...
Amanat has recommended the highest dividend payout to date of AED150 million, for which the Board of Directors will be seeking shareholders' approval
The company reported a record net profit of AED280.8 million, a twenty-eight fold increase from the AED10.1 million reported in FY-2020
- Turkish President Recep Tayyip Erdogan called on business leaders in the wealthy United Arab Emirates Tuesday to invest in his country,...
Erdogan arrived in the UAE capital Abu Dhabi on Monday for a two-day visit to revive relations that were long strained by regional disputes
Turkey-UAE trade topped 26.4 billion dirhams ($7.2 billion) in the first half of 2021. The UAE hopes to double or triple trade volume with Turkey
- The properties grow Investcorp’s US industrial real estate holdings to approximately $3.5 billion across approximately 32 million square feet comprised...
The properties grow Investcorp’s US industrial real estate holdings to approximately $3.5 billion across 32 million square feet comprised of more than 425 buildings
The latest acquisitions provide Investcorp with Class B+/B industrial warehouses that are 95 percent leased
- The rise was said to have been supported by growing demand and expanded efforts to enhance food security and diversify...
Imports, at $12.8 billion, accounted for the largest share of the UAE’s F&B trade during January-September 2021
This was followed by exports at $4.1 billion and re-exports at $3.3 billion over the same period last year
- Mazars informed the Trump Organization in a letter last Wednesday that it would no longer work for the company.
Mazars informed the Trump Organization in a letter last Wednesday that it would no longer work for the company
The accounting firm added that an investigation of its own and "information received from internal and external sources" had also played a part in it reaching that conclusion
- Zachary Horwitz has swindled millions in a huge Hollywood Ponzi scheme to finance a lavish lifestyle of yachts, jets and...
35 year old American actor swindled $650 million in multi-million dollar Ponzi scheme
Judge Mark Scarsito sentenced Horwitz to 20 years and ordered him to repay $230 million to his victims





















