EU queries Meta about ad-free subscriptions, shadow banning
BRUSSELS, BELGIUM - The EU on Friday used new regulatory powers to query Meta about ad-free subscriptions to Facebook and Instagram as...
Business
Gazprom 2022 profit at US$15bn
Business
Business
DFM picks new CEO
The Dubai Financial Market (DFM) has hand-picked Hamed Ahmed Ali as the new Chief Executive Officer (CEO) in the wake...
- The newly formed board of directors approved the appointment as part of efforts to “empower new leaders”
- Ali was previously appointed Deputy CEO and Chief Markets Officer of DFM in July 2020
Business
National Bonds ups stake in Taleem
Taleem Holdings is one of the largest education providers in the Middle East.
- National Bonds increased the stake in Taaleem, a company with paid-up capital of AED 750 million, from 19.6 percent to 23 percent.
- By end of Q3 2021, National Bond's investment portfolio has grown by more than 32 percent to surpass AED 10 billion ($2.72 billion).
Business
ADNIC nine-month profit at $90m
Its profit in the first nine months last year was $77 million.
- ADNIC’s overall premium retention ratio reached 33.5 percent for the nine months of 2021
- This was in comparison with 32.7 percent for the same period last year
Business
Toshiba to split business
New units to focus on infrastructure, devices, semiconductor memory
- The Nikkei business daily said the three units would focus on infrastructure, devices and semiconductor memory
- The Nikkei noted that splitting up conglomerates had been a successful strategy for some firms in the United States, including Hewlett-Packard
Business
39% of Sub-Saharan Africa firms lack anti-bribery controls: survey
The report surveyed risk and compliance professionals and business leaders across 47 countries in SSA.
- The report surveyed risk and compliance professionals and business leaders across 47 countries in SSA
- More than 23 percent of the organisations have fallen victim to bribery and corruption over the past five years
Interview
Where do Arab countries stand on fintech?
Financial technology, or fintech, automates and improves the delivery of financial services.
- Making technology an essential subject in educational curricula in schools is important to advance fintech in Arab countries
- Arab Bank and the National Bank of Kuwait have the best technologies in fintech and online banking
Business
Virgin continues space ticket sale
The current fare is $450,000 per seat.
- Virgin Galactic has sold around 100 tickets since flying its founder Richard Branson to space earlier this year
- In total, the company has now sold 700 space tickets, according to a spokesperson
Geostrategy
Iran, Oman discuss ways to promote private sector and medical tourism
Oman and Iran have discussed ways to promote trade relations between the private sector in the two countries as well...
- The talks were held on the sidelines of the 5th International Conference on Health in Islamic Countries, in Tehran.
- Iran-Oman Virtual Expo launched in late September by the Iran-Oman Joint Chamber of Commerce 'has been well received'.
Business
AlUla will become top tourist destination: French ambassador
Ludovic Pouille, French ambassador to Saudi Arabia, believes that AlUla Governorate will become one of the top international tourist destinations...
- He also expressed admiration of what he saw during his third visit to AlUla this year, referring to its nature and developments
- The ambassador noted that the two countries cooperate in the field of agriculture and environment employing innovative techniques and methods to face the climate change
Business
AD Ports subsidiary forays into construction logistics market
MICCO Logistics, a subsidiary of AD Ports, has shown interest in tapping into the construction and metals manufacturing sector by...
- The acquisition, with a combined transport capacity of more than 2,300 metric tonnes, will expand the company’s existing ground fleet of more than 400 vehicles
- The new tipper fleet will be fully equipped with pre-installed fleet management systems
Company News
Al Mahhar to list on QSE
Business
Latest News
Sharjah records real estate deals worth $517 million in July
Sharjah, UAE -- Sharjah has recorded real estate transactions worth AED1.9 billion ($517 million) during July 2023, according to the monthly...
Business
Ooredoo partners with Tech Mahindra, Google Cloud
Doha, Qatar - Ooredoo Group has announced new partnerships with Tech Mahindra and Google Cloud that will see the company...
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Business
ADNOC Gas signs 5-year LNG supply pact with Japanese energy company
Abu Dhabi, UAE - ADNOC Gas, an integrated gas processing company, on Thursday announced a five-year liquefied natural gas (LNG)...
- The agreement, valued between $450 million and $550 million, builds on the long-standing bilateral relationship between the UAE and Japan
- The pact reinforces ADNOC Gas’ position as a global LNG export partner of choice and highlights the company’s growing global presence
Economy
Saudi economic support vital for progress in various sectors: Yemen PM
Aden, Yemen--Yemeni Prime Minister Maeen Abdulmalik affirmed that the economic support Saudi Arabia provides to Yemen represents a vital factor...
- The prime minister said during a cabinet meeting the kingdom's support strengthens the Yemeni government's effort to achieve economic stability
- The kingdom early this month endorsed a $1.2 billion grant to Yemen’s internationally recognized government to prop up the country’s flagging economy
Business
Meeza to list on QSE
Its shares will begin trading on the bourse later this month.
- The company recently obtained the approval from the Qatar Financial Markets Authority (QFMA) and the QSE's board for a listing on the exchange
- The company's price will be floated on the first day of the listing and from the second day it will be allowed to fluctuate by 10% up or down