CBB Sukuk Al Salam securities oversubscribed by 372%
Manama, Bahrain--The Central Bank of Bahrain (CBB) announced that the monthly issue of the Sukuk Al Salam Islamic securities has...Business
Singapore-based Near acquires minority stake in MEmob+
Near will work with MEmob+ to continue its global expansion with a push into the Middle East and Africa.Near will work with MEmob+ to continue its global expansion with a push into the Middle East and Africa
The companies will look to accelerate the adoption of cutting-edge technologies to support the performance of businesses everywhere
Network International of UAE posts 19% jump in revenue
Network International, the UAE-based payment solutions firm, has posted a 19 percent jump in revenue in the third quarter, increasing...Merchant solutions revenue was up by 38 percent, the company said in its Q3 2021 trading update
The company said that its entry into the Saudi Arabian Market was also on track, with the expectation of launching in the kingdom in early 2022
Fertiglobe completes IPO on Abu Dhabi Securities Exchange
The initial public offering (IPO), which raised over $795 million, experienced strong demand from local and international investors, with orders...Fertiglobe’s shares will begin trading at AED2.55, implying a market capitalisation for the Company of $5.8 billion
The company is the world's largest seaborne exporter of urea and ammonia and the largest nitrogen fertiliser producer in the MENA region
Which Asia-Pacific countries are re-opening to foreign visitors?
Mainland China, where Covid-19 first emerged last year, remains closed to overseas tourists, as is Japan.Mainland China, where Covid-19 first emerged last year, remains closed to overseas tourists, as is Japan
India re-opened for foreign tourists on charter flights this month and will allow in visitors on all flights from mid-November
NEOM Tech and OneWeb team up for $200m high-speed satellite
NEOM Tech & Digital Holding Company and OneWeb have signed a $200 million joint venture agreement to bring high-speed satellite...Both the companies will have exclusive rights to distribute OneWeb services in its target regions for seven years from the start of the satellite network
NEOM Tech & Digital Holding Co. and OneWeb expect to complete ground infrastructure in 2022
Turkey’s hazelnut farmers blame Nutella for their meagre pay
The world-famous spread is made by Italy's Ferrero confectionary, Turkey's top hazelnut purchaser. The global giant's other sweets include Ferrero...The little heart-shaped nut in Turkey accounts for 82% of global exports
Ferrero has six facilities in Turkey, where it has been sourcing hazelnuts
Alphabet posts $18.9 bn profit
Google remains a centerpiece of online activity.Google remains a centerpiece of online activity, with offerings such as its search engine, ad marketplace, and YouTube video platform
The surge in Alphabet's earnings comes as the tech giant faces increased scrutiny from regulators regarding its power
Careem faces flak over random price hike
People in the UAE complain about Uber and Careem's high prices, which have been raised significantly in the last few...An increasing number of people in the UAE are complaining about Uber and Careem's high charges
The fares, it is claimed, have been raised significantly in the last few months due to Expo 2020 and Dubai attracting many tourists
Tunisia: Investment in services reach $252m in nine months of 2021
Tunisia has witnessed an investment of 713.4 million dinars ($252 million) in service activities during the first nine months of...The investments will be mobilized under 6,464 projects and will create 22,053 new jobs.
Services directed to the local market (96 percent of overall investment declarations) saw a 3.1 percent increase.
Sharp recovery to see Middle East box office revenue cross $800m in 2021
Box office revenue in the Middle East made the fastest recovery in the world, from $250 million in 2020 to...The revenue is expected to continue to rise, reaching $1 billion in 2022 and $1.3 billion in 2024, research has shown.
Only 261 of the 3,099 screens in the Middle East and Africa were closed due to the pandemic.
