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TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.
  • Riyadh Season casts its spell on GCC

    So far more than two million visitors have marked their presence in the five-month long arts and culture festival.

    From young and old, men and women, all have trooped into the area to partake of music, sports, cars, business, agriculture, and many more events

    Live concerts featured many regional and international singers like Kazem Al Saher, Angham, Elissa and many more that can interest children, families, and youth as well

  • ENOC Group and Air Chateau sign pact

    Under the agreement, ENOC will fuel up to 30 helicopters of Air Chateau.

    Air Chateau offers charter and transportation services to tourists, high net worth individuals and air ambulances.

    ENOC Aviation's current supply network spans over 200 airports across 21 countries.

  • Nayifat Finance to trade on Tadawul

    Nayifat Finance Company (NFC) will start trading on Tadawul on November 22, according to a Saudi Exchange filing.

    The stock will have +/- 30 percent daily price fluctuation limits and +/- 10 percent static price fluctuation limits

    These fluctuation limits will be applied during the first three days of listing, and from the fourth trading day onwards

  • Experts discuss market opportunities at DMCC Dubai Precious Metals Conference

    The sector leaders addressed key trends within the global precious metals industry and how to harness current opportunities.

    The sector leaders addressed key trends within the global precious metals industry and how to harness current opportunities

    The session, held under the title ‘Gold versus Bitcoin: competition or coexistence?’, highlighted bitcoin’s growing status as ‘digital gold’

  • One year from FIFA World Cup, clock ticks ever louder for Qatar

    Twelve months before the 21 November, 2022 kick-off, the Qatari capital Doha is dotted with roadworks and building sites that...

    Twelve months before the 21 November, 2022 kick-off, the Qatari capital Doha is dotted with roadworks and building sites that are causing chaos for its inhabitants

    With some Qatari infrastructure projects delayed by the pandemic, the clock is ticking more loudly than organisers might have liked

  • Airbus predicts 3,020 ME orders

    Airbus says the Middle East will need more than 3,000 aircraft by 2040.

    It made the prediction in its 2021 Airbus Global Market Forecast or GMF

    According to the forecast, the Middle-East region will need 3,020 new passenger and freight aircraft deliveries by 2040

  • Orders placed for 408 aircraft at Dubai Air Show, biggest by Indigo Partners

    A total of 408 aircraft (269 firm orders and 139 commitments) were ordered at the Dubai Airshow, the first major...

    The orders covered the full range of commercial aircraft, including a first commitment for the A350F.

    Air Lease Corporation signed a commitment for 111 aircraft, covering the full range of Airbus families.

  • AIQ and Baker Hughes to develop solutions for oil industry

    AIQ  and Baker Hughes have entered into an agreement to develop advanced analytics solutions for the global oil and gas...

    The initial project work will focus on developing AI solutions, analyzing drilling data and identifying opportunities for improved drilling trajectories

    The project supports ADNOC’s plans to efficiently ramp up drilling activities as it boosts its crude production capacity to 5 million barrels per day by 2030

  • Alibaba’s profit falls 81% as China cracks down on big tech

    Chinese e-commerce leader Alibaba Group said on Thursday that its profit for the most recent quarter tumbled 81 percent as...

    Alibaba said profit came in at 5.37 billion yuan ($833 million) for the July-September period, falling from 28.77 billion yuan earned over the same stretch last year

    However, its revenue for the period also slightly missed forecasts by analysts polled

  • Etisalat to acquire elGrocer DMCC

    The acquisition will support the telecom giant's digital ambitions.

    This partnership will empower consumers, enhance engagement, and drive diversification of our business, said Etisalat.

    UAE is rated as one of the most advanced countries for online shopping and eCommerce market in the MENA region.

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