Bitcoin crosses $50,000 for first time since 2021
The cryptocurrency has enjoyed a strong run-in recent month, fueled by expectations US lawmakers would allow the creation of exchange-traded...Business
solutions by stc, Devoteam ink MoU
The aim is to foster avenues for collaboration in technology.Company News Business Tech & Media
DP World volume growth 9.4 percent
All DP World regions delivered volume growth, especially India.2021 gross volume growth was broad-based with India, Asia Pacific, Middle East & Africa, Europe, Australia and Americas regions being the key growth drivers.
Chief Executive Officer Sultan Ahmed Bin Sulayem said the performance was due to the company's continued investment in high-quality assets in the right locations.
EGA to build an aluminum recycling facility in UAE
Emirates Global Aluminum is looking to set up an aluminum recycling facility with a capacity to churn out 150,000 tonnes...EGA intends to market recycled aluminum under the product name "EternAL," the company announced on Wednesday in a statement
Feasibility studies for the project are underway. Production ramp-up could begin as early as 2024, the company revealed
Asian markets rise again as traders wait for US inflation data
Signs of lower tensions between Russia-Ukraine have put investors at ease.Asian markets rose following a positive performance as traders prepared for the release of highly anticipated US inflation data
Oil prices also enjoyed a small bounce on demand optimism after two days of losses fueled by several worldwide factors
E-commerce in F&B sector in Gulf is projected to reach $71.62 bn by 2028
E-commerce in the F&B industry is booming with recent research forecasting it to reach USD71.62 billion by 2028, registering a...These trends have led to an urgent need for the industry to dig deeper into its e-commerce offerings to level up the ecosystem
Trends, trials, and solutions to truly unlock the e-commerce potential will be explored in great depth for the first time at Gulfood 2022
GCC tech markets yet to recover from Covid-19
It's time to review demand generation plans as Covid-19 is still posing challenges for the regional markets, says Michele Montecchio,...Acer believes all features that facilitate remote working such as HD cameras and high quality microphones would be more important assets in 2022.
The company plans to upgrade the entire Acer line-up with the latest CPU generations from both Intel and AMD this year.
Qatar Industrial Co. posts net profit of $38m in 2021
Qatar Industrial Manufacturing Co. has reported a net profit of $38m for 2021 in comparison to net profit of $23m...The company disclosed the interim financial statement for the 12-month period ending Dec. 31, 2021
Qatar Industrial Manufacturing Co. was established in 1990 with a capital of QR 475.2 million
First edition of leading global event on defense to kick off in Saudi
The World Defense Exhibition (WDE) declared that its first edition will be held in Riyadh, Saudi Arabia, from March 6-9,...More than 450 companies from around 37 countries will participate in showcasing the latest defense and security industry technologies.
A day before the start of the show the International Institute for Strategic Studies (IISS) will organize the “Riyadh Defense Forum”.
Al Seer Marine invests in AD Ports
With an investment of $326m, Al Seer now owns 7.36 percent of AD Ports.Founded in 2003 and with AED1 billion in paid-in capital, Al Seer Marine has over 1,200 employees.
As of December 2021, the company’s assets amounted to AED6.1 billion, compared to AED717.81 million at the start of the year.
Cooper Fitch forecasts strong GCC hiring activity to continue in 2022
The Gulf Cooperation Council region witnessed a 40 percent rise in job creation in the last quarter of 2021 compared...Job creation across the region was driven primarily by a significant recovery in the UAE and Saudi Arabia.
Real estate, public, software development, cyber security, sales and marketing sectors witnessed a significant increase in hiring.
Contracts worth $2.3 bn awarded across Aldar development projects
Aldar Properties (Aldar) said on Tuesday that contracts worth more than AED8.5 billion ($2.3 billion) were awarded across its development...A total of 16 contracts were awarded in infrastructure, residential, commercial, and mixed-use projects in Abu Dhabi.
The contracts were awarded to 14 They UAE-based contractors, which contributed to the growth of economy, Aldar said.
