EVA Air orders 33 Airbus planes
The deal could be worth as much as $8.5 billion.Company News Business
Nakilat expands its fleet
The Qatari firm placed orders for 6 carriers with HSHI.Company News Business
Top oil producers to assess output amid pressure to open up the taps
The powerful producers led by Saudi Arabia and Russia in the so-called OPEC+ grouping are expected to re-affirm a decision...There is pressure from the US and other big consumers to open up the taps much more decisively.
OPEC+ members seem to prefer to stick to their plan of easing cuts by 400,000 barrels per day per month.
GMIS, FAB to enhance SME’s access to finance, drive industrial growth
The Global Manufacturing and Industrialisation Summit (GMIS) announced on Thursday a partnership with First Abu Dhabi Bank (FAB), that will...The GMIS-FAB partnership will also highlight the importance of ‘green finance’.
GMIS 2021 will be held alongside the six-day GMIS Week from November 22-27 at the Expo.
Emirates to launch daily Dubai-Tel Aviv flights from Dec.6
Emirates is to start daily flights between Dubai and Tel Aviv on December 6, the airline announced, in the latest...Abu Dhabi-based airline Etihad and Israeli carrier Arkia now also offer regular flights.
Emirates said the new service would also link Israel seamlessly with its global route network.
Finfluencers turn to TikTok to peddle investment advice
Across the globe, investment gurus in their 20s are building huge followings on social media.Fintok and Stocktok finfluencers have made their influence on TikTok
Reels and videos made on stocks and finance education getting viral on this world of entertainment
Toyota lifts annual profit forecast despite production cuts
The world's top-selling automaker has recovered quicker than its competitors from some of the impact from Covid.The world's top-selling automaker has recovered quicker than its competitors from some of the impact from Covid
The global shortage of microchips -- essential components of modern cars -- has forced many automakers to slow or temporarily halt production
Egypt’s Breadfast to expand to Middle East, gets $26M backing
The investors include lead investors Vostok New Ventures and Endure Capital and participating investors JAM Fund (led by Tinder co-founder...The investment is coming two years after Breadfast raised a $2 million
In total, the company has secured more than $30 million
Dubai’s Wednesday realty transactions worth AED1.1 bn
The sales covered 314 villas and apartments worth AED645.92 million, and 29 land plots worth AED216.81 million.The sales covered 314 villas and apartments worth AED645.92 million, and 29 land plots worth AED216.81 million
The mortgages included 52 villas and apartments worth AED123.74 million and 10 land plots valued at AED45.14 million
Nayifat sets IPO offer price
The IPO kicks off on November 7 and ends on November 8.The listing would result in a market capitalization of SAR 3,400 million (USD 907 million)
The book-building process generated an order book of SAR 162 billion that was 136x oversubscribed
UAE provides $10m in aid to Turkey
The United Arab Emirates has announced the provision of $10 million to contribute to the reconstruction of some Turkish regions...the UAE expressed its solidarity with the Turkish people in these exceptional circumstances
The move follows the directives of Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi
Herfy Foods appoints new CEO
Saudi Arabia’s Herfy Food Services Company (Herfy Foods) has appointed Sam Bader as CEO, after he served as acting CEO.“The board of directors of Herfy Food Services Co extends its appreciate and gratitude for the efforts made by Mr Sam Bader during his term of acting CEO"
The company said Bader had started his career with BK USA, then worked for McDonald’s International USA
