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Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.
  • ‘Social media key to brand identity in 2022’

    Changes in digital marketing have forced the hand of digital marketers in a do-or-die way, says Farhad Divecha, founder and...

    Changes in digital marketing have forced the hand of digital marketers in a do-or-die way, says Farhad Divecha, founder and MD of AccuraCast, a UK leading digital marketing agency

    Social media sites, according to Divecha, are where consumers turn to when they want to find out about or engage with a brand, So having that presence is as important

  • Many firms to join Pure Health

    ADQ signs pact to create UAE's biggest healthcare platform.

    Under the pact, Abu Dhabi Health Services Company (SEHA) and The National Health Insurance Company PJSC (Daman) will merge into Pure Health.

    Tamouh Healthcare, Yas Clinic Group and Abu Dhabi Stem Cell Centre will also join Pure Health, which already has a diversified services portfolio.

  • Iran supplies gas for domestic consumption despite challenges: Minister

    The Oil Minister of Iran Javad Owji has said that his country has not faced the need to cut the...

    Iran used around 600 million cubic meters, around 100 million cubic meters in power generator stations, or its equivalent in gas oil, said oil minister Javad Owji.

    The country has not faced the need to cut the gas in any area despite decreased pressure problem, he said.

  • Barter best payment method in Iran-Pakistan trade: Official

    The Secretary-General of Iran-Pakistan Joint Chamber of Commerce Fahimeh Damroudi said that barter is the best choice of exchange as...

    Iranian President Ebrahim Raisi has repeatedly underlined the importance of trade development with neighbors.

    Iran's foreign trade reached $72.1 billion during the first nine months of the Iranian calendar year.

  • Mumzworld CEO says committed to supporting Mideast businesswomen

    Mumzworld has over 350 staff, with over 6,000 brands and more than 300,000 products for sale on the website, and...

    Mumzworld was built in 2011 to support women in the Arab world and help them to make informed decisions for their families.

    Ataya told that she would use her new role as a mentor, and sharing the knowledge, skills, and successes with other women.

  • ADNOC awards $946m EPC contract

    The contract awarded to NPCC for the development of Umm Shaif field.

    Over 75 percent of the total award value will flow back into the UAE economy under ADNOC’s In-Country Value (ICV) program.

    The award covers engineering, procurement, fabrication, installation and commissioning activities required to maintain Umm Shaif’s 275,000 mbd of crude production.

  • Ooredoo, Hutchison merge

    New company is named as PT Indosat Ooredoo Hutchison Tbk.

    The newly merged company will do business as PT Indosat Ooredoo Hutchison Tbk

    Indosat Ooredoo Hutchison has the scale to accelerate Indonesia's transformation into a digital society

  • Japan tuna fetches $145,000 as Covid-19 affects year’s first auction

    The buyer hoped that the first purchase would 'brighten' a Covid-hit 2022 for customers.

    The price paid for a tuna at the first auction of the year at the Toyosu fish market fell for the third year running

    The first tuna auction of the year in Tokyo is a closely watched affair where enormous sums are often paid

  • Sony arm to make EVs

    The Sony Mobility subsidiary will be created in spring 2022.

    The Japanese firm Sony announced the founding of a new EV company to dive into the world of electric mobility

    Sony's Vision-S electric vehicle, with internal and external sensors, is being used to test autonomous driving technologies

  • What cyberthreats can Middle East expect in 2022?

    Cyberattacks in the Middle East hit record levels in 2021. Reports suggest that malware, distributed denial of service (DDOS) attacks,...

    Malware, DDOS attacks, ransomware, grew by double digits in 2021

    Vulnerabilities in network devices and 5G, and advanced ransomware attacks will be major concerns