Toyota’s Daihatsu resumes domestic production
It will make the Probox van and Mazda-branded Familia van.Business
Red Sea Global, Riyad Bank sign agreement on $522m financing
TABUK, SAUDI ARABIA - Red Sea Global (RSG) has completed a US$522 million (SAR2 billion) financing agreement with Riyad Bank,...Business Banking & Finance Economy
GM sees strong demand in 2022
In Q4 2021, GM saw global car sales sinkProfits fell in the final quarter of 2021 as GM saw global car sales sink but the US automaker still managed to notch a record $10 billion in annual profits
GM signaled it expects comparable profits in 2022 in spite of cost pressures in commodities, freight services and labor
Technology changes worker-firm relationship
Technology is allowing firms to shift an increasing share of work outside of their traditional boundaries, reducing costs and improving...Together, the rise of work-from-home and the gig economy have loosened the boundaries of the firm, making the ideas of a workplace and a worker more fluid
Today, technological advances and the emergence of new digital platforms are allowing firms to shift an increasing share of work outside of their traditional boundaries
Why do Arabs pitch for European football clubs?
For several years, there has been a rush of investments from GCC countries into European sports. TRENDS explores the reasons...Saudi Arabia's Public Investment Fund recently bought Newcastle United for $418 million
Abu Dhabi’s Sheikh Mansour had picked up Manchester City in 2008
Sanad picks new CEO
Sanad, a subsidiary of Mubadala Investment Company, has appointed Mansoor Janahi as the new Group CEO.The appointment is a part of Sanad’s new plan to expand its business beyond the aerospace sector
The strategy and leadership announcements follow the launch of "Operation AED300bn" last year
Sharjah Shopping Promotions sees 40 percent more shoppers this season
The Sharjah Chamber of Commerce and Industry (SCCI) has seen off another season of the 48-day "Sharjah Shopping Promotions" campaign....The volume of purchases throughout the 48-day campaign grew by 25 percent.
Some 653 shops and stores took part in the event, offering attractive discounts of up to 75 percent on leading brands and various types of goods
Second instalment of Sunref energy program launched in Palestine
Bank of Palestine (BOP) and Proparco in cooperation with the EU have jointly announced the signing of Sunref II Green...The purpose of SUNREF Green Finance Program is to provide solutions to promote energy efficiency and renewable projects.
The program plays a crucial role in the Palestinian ecological system since energy services’ costs are high.
DP World begins construction of Banana Port in Democratic Republic of Congo
DP World and Government of the Democratic Republic of the Congo (DRC) Tuesday laid the first stone to mark the...DP World and Congo government laid the first stone to mark the construction of the port capable of handling the largest vessels in operation.
The port will have a container handling capacity of about 450 000 TEUs (20-foot equivalent units) per year, and a 30-hectare yard to store containers.
ExxonMobil posts Q4 profit
ExxonMobil reported a profitable fourth-quarter Tuesday to conclude a strong comeback year in 2021 on higher oil prices amid recovering...The oil giant reported annual profits of $23 billion last year compared with a loss of $22.4 billion in 2020 when demand was dented by the Covid-19 lockdowns
In the fourth quarter, ExxonMobil's upstream business benefited from higher prices in oil and natural gas, which surged 63 percent
Oman and Finland seek to boost business ties
Oman and Finland are looking to boost cooperation between the private sectors of two countries, particularly in the fields of...The meeting also highlighted aspects of enhancing cooperation between the private sectors of the two countries
The Finnish minister underscored his country’s keenness in developing relations between the two countries
Silal to deploy IoT sensors in 100 farms for improving productivity
Silal, Abu Dhabi-based food and agritech company, in collaboration with Hoogendoorn, one of the world’s innovators in horticulture, on Tuesday...Silal will collaborate with Hoogendoorn, one of the world’s innovators in horticulture.
This project is aimed at enabling local farmers and advisors to make better decisions on irrigation, fertilization, and crop management to maximize locally-grown fresh produce.
