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Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.
  • Qatar Airways welcomes first Boeing B777-9 aircraft to Doha

    The aircraft, which is anticipated to join Qatar Airways fleet in the near future, will be the world's largest and...

    The aircraft, which is anticipated to join Qatar Airways fleet in the near future, will be the world's largest and most efficient twin-engine jet

    Key technologies enabling this efficiency are its new carbon-fibre composite wing, new engines and natural laminar flow nacelles

  • Dubai Airshow: UAE Armed Forces sign deals worth AED22 bn

    The deals were announced by the Executive Director of the Military Organizing Committee of the Dubai Airshow 2021 Major General...

    The deals were announced by Major General Staff Pilot Ishaq Saleh Al Balushi, and Lt. Col. Pilot Sarah Hamad Al-Hajari, Dubai Airshow spokesperson

    AED5,239,207,000.00 in deals were signed on the first day, AED11,284,837,000.00 on the second day, and AED4,257,401,000.00 on the third day.

  • Mubadala eyes Yahsat tech

    Yahsat will support Mubadala Petroleum with satellites.

    Yahsat’s satellite-based technologies and coverage across the EMEA and Asia regions is at the center of the deal

    Mubadala Petroleum will see how these satellites can help it handle its critical operations

  • Emirates SkyCargo and Emirates Post Group to promote e-commerce global platform

    Emirates SkyCargo and Emirates Post Group (EPG) have signed a Memorandum of Understanding (MoU) to develop an e-commerce end-to-end global...

    The platform will focused on serving markets in the Middle East, Africa and West Asia.

    In October 2019 the Emirates SkyCargo launched Emirates Delivers, an international e-commerce shipping solution

  • France looks to expand its presence in UAE agri-food sector

    France is negotiating an agreement with the United Arab Emirates (UAE) that would allow French Small and Medium-sized Enterprises (SMEs)...

    "We are negotiating [with the UAE] an agreement on food safety that will strengthen the presence of our SMEs in the agri-food sector"

    These agreements "will help to develop our SMEs' exports to the UAE and [increasing] the establishment of our start-ups in the country"

  • Etihad bags maintenance contract

    The contract involves Virgin Australia's Boeing 737 fleet.

    The contract was signed during the Dubai Airshow for 30 nose-to-tail aircraft of Virgin Australia.

    Etihad Engineering’s facility is located in Abu Dhabi and is spread over an area of 500,000 sqm.

  • Costly delays to Boeing’s 777X rile Emirates

    Delays to the certification of Boeing's 777X long-haul aircraft are costing billions and infuriating top customer Emirates, but the US...

    While still in its testing phase, the world's largest passenger jet flew for the first time outside the United States this week at a major air show in the United Arab Emirates

    It is no coincidence that its first international flight was to Dubai, home to aviation giant Emirates which has ordered 115 of the aircraft

  • Tarjama sells stake to French firm

    French fund manager Amethis has bought a minority stake in the UAE-based firm.

    The investment, for an undisclosed amount, will fund growth “across the region's main markets”

    Paris-based Amethis is investing through its Amethis MENA Fund II, which raised $101 million in July

  • High packages may help GCC in talent hunt

    Global employment, which was severely affected by the pandemic, is beginning to rebound as economies reopen. The UAE, which was...

    There is a growing competition for the local talent also, necessitating re-evaluation of salary packages.

    Working from home is here to stay, and many candidates are increasingly asking about this flexibility.

  • Dubai Free Port: A super vault for VIP travellers, HNWIs

    The super vault presents a variety of top custody and security services. It features automatic robot-driven, safe-deposit boxes, medium and...

    Mohammed Bin Rashid Aerospace Hub commissioned Athena Security to develop the project on 17,000 square-metre plots adjacent to the VIP Terminal in Dubai South

    Athena partnered with Leading Swiss Premium Vault to lend its expertise in quality, security and compliance to the project.

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