Microsoft becomes world’s largest company
The tech giant's market value has surged by over $1 trillion.Business
Stock markets: Germany drags Europe down, Tokyo rises again
In Asia, Tokyo rose for a sixth successive day to build on last week's advances, which saw the Nikkei break...Business
Automechnika Dubai exhibits technological changes in auto sector
The 18th edition of the show, organised by Messe Frankfurt Middle East, has exhibitors from 47 countries and 12 national...The 18th edition of the show, organised by Messe Frankfurt Middle East, has exhibitors from 47 countries and 12 national pavilions
Industry analysts forecast the GCC’s automotive parts retail revenue will grow at a compound annual growth rate of 5.8 percent to US$6.84 billion in 2025
GCC Summit issues Riyadh Declaration
The region’s common economic, defense and security integration and unity and coordinating stances were reviewed at the 42nd GCC Summit.They Gulf leaders seek to enhance solidarity and stability among GCC member states
The Supreme Council will hold its 43rd session under Oman’s presidency
Abu Dhabi Islamic Bank provides $270m in UK real estate finance
Over the last three years, ADIB has catered to the growing demand for commercial property investments in London as well...The bank closed two deals in the UK in the month of November alone, taking its UK portfolio to around AED2.5 billion.
ADIB also provided AED36 million to the Al Rajhi Legacy Fund on their acquisition of Olympus House in England.
Oman’s economic city Khazaen signs two pacts to carry out vital projects
Khazaen, Oman's fully integrated economic city, has signed two agreements worth more than Omani Riyal 1.5 million ($3.8 million) with...One of the agreements signed with an Omani company named Western Door Trading to set up a multipurpose logistics center.
The second agreement provides for the setting up of a processing unit and a warehouse with a capacity 20 tons a day.
12 Ajman banks sign pact with Department of Finance for easy payment plan
The Ajman’s Department of Finance has signed agreements with 12 local banks to offer an "easy payment plan", which allows...The plan allows payments for government service fees through installments through Ajman Pay platform.
Conditions and steps to apply for easy payment plan are defined by the participating banks.
Cooperation, security remain focus of GCC summit
The GCC leaders discuss political issues and security challenges that require intensified efforts to enhance regional solidarity.The GCC leaders discuss political issues and security challenges that require intensified efforts to enhance regional solidarity
The 42nd session of the Supreme Council of the GCC countries, chaired by Saudi Arabia, seeks to strengthen the process of cooperation
Borouge and ADNOC sign agreement
ADNOC L&S will manage integrated logistics for Borouge.The pact covers transportation and handling operations for Borouge-manufactured polymer products at Khalifa Port for export.
The new agreement will see 85 percent of its value flow back to the UAE’s economy, accelerating the development of critical local supply chain functions.
Mubadala and Bahrain’s sovereign wealth fund Mumtalakat sign pact
Mubadala Investment Company and Bahrain Mumtalakat Holding Company, the sovereign wealth fund of the Kingdom of Bahrain, Tuesday signed a...The two entities will exchange knowledge and best practices to enhance investment and operational capabilities.
Our partnership with Mubadala will strengthen our collective operational capacity and bolster our historical ties.
Asia markets down on Omicron, Fed tapering fears
Beyond property woes and virus fears, all eyes this week are on the Fed, which must carefully calibrate its response...After last week's strong performance, stocks have stumbled this week as Britain struggled with its response to the Omicron strain
The US Federal Reserve is scheduled to announce its latest interest-rate decision on Wednesday
Saudi Arabia, UAE fashion industry set for boom
The UAE and Saudi Arabia seem poised to see their respective fashion sectors double their revenues in the near future.The ecommerce boom has led to more and more people buying apparel and accessories online
They are doing so especially after they check reviews and sustainability factors of their intended purchase
