Shanghai to build 200 smart factories to shore up its manufacturing status
Shanghai, China--Shanghai plans to build 200 new smart factories and 20 demonstration sites by end of 2025 after 70 intelligent...Business
Dubai Center for Family Businesses issues guidelines
DUBAI, UAE – The Dubai Center for Family Businesses, which operates under the Dubai Chambers umbrella, has released a ‘Sample...Business Geostrategy
Chimera Capital fund closes at $75m
The company's first venture capital fund exceeds initial target.Chimera Global Fund I LP ("the Fund") is backed by a number of regional and global Limited Partners including Mubadala Investment Company
The Fund’s third and final funding round saw it exceed its initial US$65 million target in less than two months
Mubadala and AD Gaming sign MoU
Both will cooperate to build a gaming and esports ecosystem in UAE.Part of the MoU is content creation, as well as support gaming initiatives and events in the UAE.
The gaming and esports markets in the MENA region are growing faster than anywhere else in the world, says the AD Gaming Director of Strategy.
Lockheed appoints Chief Executive for ME
Lockheed Martin has appointed retired U.S. Army Gen. John W. Nicholson as their new Chief Executive for the Middle East.Nicholson led the PenFed Foundation, a non-profit organisation that provides U.S. military service members and veterans with support to improve their financial well-being
Bob Harward announced his intention to retire from Lockheed Martin at the end of this year after eight years of service
Oman sees hospitality industry revenue fall 3.5%
The National Centre for Statistics and Information says domestic guest have supported the Oman's hotels.Domestic guests constituted the highest percentage of visitors in hotel industry of Oman
The occupancy rate of hotels in Oman rose by 36.3 percent
Loubnany platform launches next month, will promote Lebanese economy
An online electronic platform named 'loubany', aimed at promoting Lebanon's economy and industry, will be launched in on 15 January...The platform spells out its vision as 'Lebanese production, creativity, innovation and competence to reach the four corners of the world'.
The platform particularly addresses Lebanese Diaspora to support the Lebanese economic initiatives.
Two missing after ships collide south of Sweden
Two people were missing on Monday after two cargo ships collided in waters south of Sweden in the early morning...Nine boats as well as a rescue helicopter were searching for the missing sailors in the cold water
The ships were sailing under British and Danish flags
Saudi Arabia launches regional center for sustainable development of fisheries
The center was announced by Crown Prince Mohammed bin Salman during the Middle East Green Summit held in Riyadh recently.Saudi Arabia’s National Program for the Development of the Fisheries Sector has launched a regional center to sustainably develop fisheries
The program focuses on research in the fisheries sector and aquaculture related to the health of animals and aquatic organisms
EDB, Jetro ink investment deal
The agreement will promote direct investment in various fields.This agreement will highlight Bahrain as an investment hub for Japanese companies
Bahrain recently ranked first for availability of advanced computer programming talent in ICT
Al Tamouh, Al Qudra merger okayed
International Holding Company has formally agreed to the merger.The Board of Directors of Al Qudra Holdings has also approved a new foreign ownership limit of 30 percent of outstanding shares
Previously, only UAE nationals were permitted to own shares in the company
REVEALED: Billions of dollars missing from BDL
About US$7 billion is missing from Lebanese central bank’s 2020 balance sheet, data analysis by TRENDS suggests while highlighting weak...Some of the data sifted by TRENDS point to a US$7 billion scam involving the country’s central bank and the powerful individuals
The poor and weak policies of Banque du Liban (BDL) may have facilitated a “Ponzi” scheme involving Eurobonds
