Stock markets diverged as traders awaited earnings from US tech darling Nvidia, in addition to minutes from the Federal Reserve...
The bank would initiate a share buyback of up to US$2 billion.
Historic rivals Turkey and Armenia were due Wednesday to resume their first commercial flights in two years as part of...Armenia and Turkey have no diplomatic relations, a closed land border and a long history of hostility rooted in the mass killing of Armenians
The first flight run by Moldova's low-cost carrier FlyOne was expected to land on Wednesday evening at Istanbul Airport from Yerevan
Saudi Arabia has witnessed a big jump in 'contactless' payment during the last three years, from hovering in single digits...Looking at Saudi Arabia’s workforce, Torre said that the large number of foreign workers in the Kingdom should provide ample opportunities for Visa in terms of offshore remittances
Torre indicated that his company offers a Visa Direct solution which allows people to send money to any of their 3.7 billion cards or directly to bank accounts in 88 countries
Saudi Aramco has officially launched Prosperity7 Ventures, a $1 billion Venture Capital fund. The fund has been operational for over...The fund has been operational for over a year but was launched officially on Tuesday.
The fund aimed at supporting the development of next-generation technologies and business models.
The Central Bank of the UAE will introduce a new set of terms and conditions for its standing credit and...The new terms and conditions define the discretionary powers related to the activation of these facilities and the guidelines for collateral management
In addition, the CBUAE may activate the Contingent Liquidity Insurance Facility in response to any actual or prospective stress of an exceptional nature
- The opportunity for less well-known artists to reach a large audience and potentially get paid for streams of their music...
The opportunity for less well-known artists to reach a large audience and potentially get paid for streams of their music means they feel obligated to stick with Spotify
"For me, Spotify is kind of a necessary evil," said Leo Sidran, musician and host of the podcast "The Third Story."
- In Q4 2021, GM saw global car sales sink
Profits 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 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
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, 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
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
