Google to slash ‘few hundred’ jobs
The internet giant will cut jobs from its global ad team.Company News Business
Counterfeit products cost Europe $13 billion, 200,000 jobs a year
Paris, France - Counterfeit products -- mainly clothes -- cost the European economy 16 billion euros a year and result in...Business Economy
Multiply Group to list on ADX
Listing opportunity for investors to invest in disruptive technologies.Multiply Group will become the eighth IHC subsidiary to list on the ADX in less than a year.
The group has Multiply has assets of AED8.16 billion ($2.2 billion) and 3,240 employees.
Qatar affirms its commitment to WTO agreements
Qatar has affirmed its commitment to the principles and agreements of the World Trade Organization (WTO), and praised the body's...During the meeting in Geneva the two sides discussed ways to enhance bilateral cooperation and support the ongoing negotiations within the framework of the organization
The minister stressed Qatar's commitment to the principles and conventions of the World Intellectual Property Organization
Pfizer already working on Covid vaccine targeting Omicron: CEO
Bourla likened the situation to the scenario earlier this year when Pfizer and its German partner BioNTech developed a vaccine...Bourla likened the situation to the scenario earlier this year when Pfizer and its German partner BioNTech developed a vaccine in 95 days against Delta which was not used
On Monday, the World Health Organization warned the new Covid-19 Omicron variant poses a "very high" risk globally
Twitter gets new CEO
Parag Agrawal named to the post as Jack Dorsey resigns.Twitter's chief technology officer Parag Agrawal has replaced Jack Dorsey as CEO
Dorsey has said he would remain a member of the board until around May next year to help with the transition
Marka Group’s bankruptcy a lesson for GCC firms?
Barry Greenberg, Of Counsel at BSA Ahmad Bin Hezeem & Associated, breaks down what a landmark bankruptcy ruling means for...The Marka Group ruling has brought into sharp focus the bankruptcy laws prevalent in the GCC countries in general and the UAE in particular
They have also spurred calls for reform in the local bankruptcy laws, so that investors or the company don’t lose value
Multiply Group to list on ADX
Multiply Group has assets of AED 8.16 billion and 3,240 employeeThe group’s listing on ADX will offer investors the opportunity to invest in the field of disruptive digital technology and other key industries
The company’s combined portfolio strikes a balance between companies that generate recurring income and high-growth businesses
Saudi motorsports chief says F1 debut is ‘signal’ to the world’
The newly built venue in Jeddah is all but completed ahead of Sunday's night race just over a year after...The newly built venue in Jeddah is all but completed ahead of Sunday's night race just over a year after Saudi Arabia was announced as the wealthy Gulf region's latest F1 host
Formula One is part of a campaign to show a friendlier face as the world's top oil exporter tries to attract foreign businesses and diversify its economy
UAE seeks to diversify economy beyond oil
With little oil but the most diversified economy in the Gulf, Dubai has gone from a fishing village to a...With an economy second only to Saudi Arabia in the Gulf, the Emirates is one of the easiest countries in the world to do business, according to the World Bank
But having diversified its economy over the decades, it relies less and less on petrol, with revenues now making up only 30 percent of its GDP
Emirates Stallions acquires stake in WFC
Acquisition aimed at diversifying Emirates Stallions' business.WFC’s main revenue drivers are Real Estate, Retail, Aerospace, Defense, Government, Education, Technology, Manufacturing, Hospitality, and F&B.
Emirates Stallions Group is present in 20 markets and has assets of AED555 million as of the end of Q2 2021 and over 3,000 employees.
Khalifa University sets up a business unit with AED100m
Khalifa University of Science and Technology has launched a business and investment arm of the university named Khalifa University Enterprises...Khalifa University Enterprises Company will include ‘Innovation Acceleration and Startups’ and ‘KU Ventures’
Its mission is to boost and speed up business engagements with the University
