UAE startups eye Saudi Arabia for growth, expansion
With both nations offering substantial markets and supportive environment for innovation, startups are exploring new opportunities in the Kingdom.Business
GSK to buy Aiolos Bio
The focus is on an asthma medication still at the testing stage.Company News Business
Standard Chartered starts sustainable account in UAE, Aldar first to open it
Abu Dhabi-based developer Aldar Properties became the first corporate in the UAE to open a sustainable bank account started by...Deposits in the accounts are used to fund sustainable projects.
The bank has said the surplus cash will be used in addressing the climate crisis and financial exclusion.
DFM picks new CEO
The Dubai Financial Market (DFM) has hand-picked Hamed Ahmed Ali as the new Chief Executive Officer (CEO) in the wake...The newly formed board of directors approved the appointment as part of efforts to “empower new leaders”
Ali was previously appointed Deputy CEO and Chief Markets Officer of DFM in July 2020
National Bonds ups stake in Taleem
Taleem Holdings is one of the largest education providers in the Middle East.National Bonds increased the stake in Taaleem, a company with paid-up capital of AED 750 million, from 19.6 percent to 23 percent.
By end of Q3 2021, National Bond's investment portfolio has grown by more than 32 percent to surpass AED 10 billion ($2.72 billion).
ADNIC nine-month profit at $90m
Its profit in the first nine months last year was $77 million.ADNIC’s overall premium retention ratio reached 33.5 percent for the nine months of 2021
This was in comparison with 32.7 percent for the same period last year
Toshiba to split business
New units to focus on infrastructure, devices, semiconductor memoryThe Nikkei business daily said the three units would focus on infrastructure, devices and semiconductor memory
The Nikkei noted that splitting up conglomerates had been a successful strategy for some firms in the United States, including Hewlett-Packard
39% of Sub-Saharan Africa firms lack anti-bribery controls: survey
The report surveyed risk and compliance professionals and business leaders across 47 countries in SSA.The report surveyed risk and compliance professionals and business leaders across 47 countries in SSA
More than 23 percent of the organisations have fallen victim to bribery and corruption over the past five years
Where do Arab countries stand on fintech?
Financial technology, or fintech, automates and improves the delivery of financial services.Making technology an essential subject in educational curricula in schools is important to advance fintech in Arab countries
Arab Bank and the National Bank of Kuwait have the best technologies in fintech and online banking
Virgin continues space ticket sale
The current fare is $450,000 per seat.Virgin Galactic has sold around 100 tickets since flying its founder Richard Branson to space earlier this year
In total, the company has now sold 700 space tickets, according to a spokesperson
Iran, Oman discuss ways to promote private sector and medical tourism
Oman and Iran have discussed ways to promote trade relations between the private sector in the two countries as well...The talks were held on the sidelines of the 5th International Conference on Health in Islamic Countries, in Tehran.
Iran-Oman Virtual Expo launched in late September by the Iran-Oman Joint Chamber of Commerce 'has been well received'.
AlUla will become top tourist destination: French ambassador
Ludovic Pouille, French ambassador to Saudi Arabia, believes that AlUla Governorate will become one of the top international tourist destinations...He also expressed admiration of what he saw during his third visit to AlUla this year, referring to its nature and developments
The ambassador noted that the two countries cooperate in the field of agriculture and environment employing innovative techniques and methods to face the climate change
