ADNOC partners with Viola Communications
They will utilize outdoor media-leasing spaces for advertising.
Business
European Union slaps $1.9bn fine on Apple over violation of rules
Brussels, Belgium - The EU on Monday hit Apple with a more than 1.8-billion-euro fine ($1.9 billion) for violating the bloc's...
Business
Business
India police charge Amazon executives over online drug sales
Indian police have charged executives from Amazon's local arm over claims the US retail behemoth's online portal was used to...
- Two men were arrested last week with 21 kilograms (46 pounds) of the drug in central Madhya Pradesh state and told officers they were using Amazon's India platform
- They admitted to shipping their crop by falsely marketing it as stevia leaves, a natural sweetener, according to a police report
Business
Dubai approves 55,000 business licenses in 2021
More than 55,000 new business licenses were issued during the first ten months of 2021 by the Business Registration and...
- According to a report by the Business Registration and Licensing sector, 59% of the new business licenses issued were professional, and 41% were commercial
- Among the legal forms of the new licenses issued, the report showed that Sole Establishment companies topped the list with 38%
Business
Abdullah Al Othaim Markets CEO quits
Mohsen Saqer Hussain will serve as an advisor to the Board.
- The Board said Muwaffaq Mansour Jamal will be the delegated CEO of the company from 17 Dec.
- Hussain quit due to family circumstances that require his presence outside the kingdom.
Business
Tadawul looks to raise $1bn from its IPO
Tadawul is looking to raise up to $1 billion from its initial public offering (IPO), after setting the price range...
- Tadawul appointed SNB Capital as the lead manager, financial advisor, book-runner, Global Coordinator and underwriter for the initial public offering
- while J.P. Morgan Saudi Arabia, and Citigroup Saudi Arabia were appointed as financial advisors on the offering of 36 million shares of Saudi Tadawul Group Holding Co
Geostrategy
Doha sees roadworks, traffic jams in Qatar World Cup run-up
Development of drainage stations, water treatment plants, pumping, and rainwater drainage networks in several parts of Doha.
- Qatar expects 1.5 million visitors for the World Cup
- Flooded roads due to rain is a problem which confronts people in Doha
Interview
Qatar World Cup ‘unfairly treated’ on rights
There had been 'extraordinary' progress, including the introduction of a minimum wage and improvements to working conditions and accommodation, says...
- There has been 'extraordinary' progress, including the introduction of a minimum wage and improvements to working conditions and accommodation, says Khater
- Qatar will hold the first World Cup in the Middle East a year from now, in eight stadiums in and around the capital Doha
Business
Hamilton hits ‘sweet’ spot to claim inaugural Qatar GP pole
Lewis Hamilton maintained the momentum from last week's stunning win in Brazil to claim pole for the inaugural Qatar Grand...
- Max Verstappen, who leads his Mercedes rival by 14 points with three races to go, will start alongside Hamilton on the front row on Sunday
- Hamilton's teammate Valtteri Bottas posted the third quickest time under floodlights at the Losail circuit to fill the second row with Pierre Gasly for Alpha Tauri
Business
UAE shares its proposals with IMO for strategic reforms
The United Arab Emirates has given three proposals to the International Maritime Organization (IMO), supporting the reforms undertaken by IMO...
- The reforms were introduced during the meetings of the IMO Council, where the UAE has a Category (B) membership
- Through this move, the country hopes to keep pace with global changes and technological developments
Business
Emirates Post and ENOC team up to boost delivery services
Emirates Post and ENOC Group have partnered to improve delivery services in logistics and e-commerce field in the UAE.
- Both Emirates Post customers and business partners can benefit from this new partnership
- The agreement offers a flexible way for customers to pick-up or drop-off their courier packages by choosing the ZOOM store that is accessible and convenient to them
Business
India’s Reliance ditches $15bn Saudi Aramco deal
India's Reliance oil-to-telecoms giant is abandoning a $15 billion deal for Saudi Aramco to buy a 20 percent stake in...
- The deal was announced more than two years ago by Reliance and touted as the biggest foreign investment in the company's history
- Aramco is the world's biggest oil-producing company and vies with Apple for the title of the most valuable firm on the planet
ADNOC partners with Viola Communications
They will utilize outdoor media-leasing spaces for advertising.
Business
Company News
Latest News
Abu Dhabi event transforms global falconry
Arts & Culture
DGCX waives fees for Shari’ah compliant Spot Gold Contract
Dubai, UAE -- The Dubai Gold & Commodities Exchange (DGCX) Tuesday said it is waiving trading, clearing and delivery fees...
Business
Among the airlines, SAUDIA Airlines had the fewest complaints in July
Riyadh, Saudi Arabia – A total of 1,873 complaints were filed by travelers against air carriers in Saudi Arabia last...
Business
Passenger traffic at Dubai airport jumps 50% to 41.6m in H1
Surpassing pre-pandemic levels, more than 40 million passenger visits were recorded at Dubai international airport in the first half of...
Economy
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Business
Sustainable finance helps achieve net-zero emissions
"Together, we are working under the direct supervision of the Central Bank of the UAE to further advance sustainable finance...
- Six major UAE banks have dedicated over US$51.8 billion in green financing for renewable energy, waste-to-energy, and green technology projects
- UBF members will play a critical role in integrating environmental values into business and industrial progress during the upcoming COP28, says its chief
Business
UAE stocks generate strong cash flows as IHC stands out
Abu Dhabi, UAE--UAE stocks generated strong cash flows on Monday as the International Holding Company (IHC) maintained robust performance and...
- Hit by the low performance of the banking and financial service index, which fell 0.152%, Abu Dhabi's Index FADGI closed 0.248% down at 9,776.340 points
- Among the best performers were the Union Properties Company, closing 6.960% higher at AED0.415, followed by the Emirates Reem Investments, closing at AED4.280
Business
SRMG Ventures invests $5m in Anghami, MENA’s music streaming platform
Riyadh, Saudi Arabia - SRMG Ventures, the venture capital arm of the largest integrated media group in the MENA region,...
- The music and audio sector in the MENA region is projected to reach $700 million by 2026
- Anghami boasts 120 million registered users, up from its 75 million users in 2021