Bezos sells $2bn Amazon shares
He reportedly intends to sell, next July, 50 million shares of the group.Company News Business Markets
Polestar 3, the electric SUV, hits the streets of the UAE
Dubai, UAE – Al-Futtaim Electric Mobility Company, the official distributor of Polestar in the UAE, have announced the official launch...Business
Jordan’s trade with US touches $1.384bn in 2021
Jordan was the first Arab country to sign a free trade agreement (FTA) with the United States in 2000.The President of the American Chamber of Commerce in Jordan (AmCham) Mohammad Batayneh said in a statement
He added that Jordan's exports during the first 11 months of 2021 nearly reached $2.5 billion, compared to $1,120 billion in imports
DEWA to sponsor Dubai Award for Sustainable Transport
Dubai Electricity and Water Authority (DEWA) will be the strategic sponsor of the 12th Dubai Award for Sustainable Transport. The...Saeed Mohammed Al Tayer, MD & CEO of DEWA highlighted DEWA’s support for all efforts to enhance sustainable transport in the UAE and abroad
This consolidates Dubai’s position as a global capital for a green economy and achieves sustainable development to ensure a brighter future
Disney takes on OTT platforms with MENA expansion
Netflix currently rules the roost in the Middle East. Therefore, the Disney+ expansion should be a clarion call for regional...The Disney launch covers almost all of the Middle East and good chunks North Africa
In all, Disney+ is expanding to 42 countries and 11 territories in the EMEA region
Applebees, IHOP in UAE soon
The first location is scheduled to open in Dubai later this year.Dine Brands International is set to open multiple Applebee's Neighborhood Grill + Bar and IHOP restaurants in the UAE
The first location will open in Dubai later this year through an agreement with established IHOP Franchisee
Saudi Arabia looks to increase trade exchange with Iraq
The Saudi Export Development Authority organized a meeting of a group of Iraqi and Saudi businessmen to discuss opportunities for...The volume of exports of foodstuffs and construction constitutes about 60% of the total volume of the Saudi exports to Iraq
Saudi Arabia imports aluminum scrap as well as iron scrap and some foodstuffs such as dates and rice from Iraq
Morocco: Overall port traffic up 11.6% in 2021
Moroccan ports have recorded a significant evolution of overall port traffic, which has risen from 172.1 million tons in 2020...The maritime and port sectors have overall shown great resilience to the Covid-19 pandemic
The transshipment accounted for 41.9 percent of overall traffic, followed by imports of 33.3 percent
Vaccine patents accord possible in weeks, says WTO
Developing countries lagging in vaccinating their populations have been pushing for waivers on the patents on Covid-19 vaccines.The vaccine accord will pe possible after the EU-African Union summit on February 17-18 in Brussels
Access to vaccine can be improved by lifting as far as possible restrictions to their distribution, says French minister
Qatar looks to profit from Europe gas fears over Ukraine
Qatar ruler Sheikh Tamim bin Hamad Al-Thani has the Ukraine crisis, efforts to engage the hardline Taliban administration in Afghanistan,...Gas supply is a key area Europe fears could be affected if Russia takes military action in Ukraine
Australia, Qatar, and the United States are the world's biggest exporters of natural gas used as fuel
TASI starts low; Emirati markets gain
The Emirati indices managed to show gains throughout the week, while the Saudi index was unchanged.After a tumultuous session, Saudi Arabia’s main index closed unchanged on Thursday
The Dubai index advanced 0.5 percent on Thursday, supported by a 1.5 percent jump in NBD Bank
Record real estate deals in 2021 will drive the sector in next 50 years: DLD
The record real estate transactions will contribute to driving the sector in the next 50 years during which the UAE...Real estate transactions worth almost AED 300 billion ($81.67 bn) were recorded last year, which is the highest ever in the recorded real estate history of Dubai.
December 2021, in terms of overall index numbers, was the highest since February 2019 and the highest for index value since August 2018.
