Audi Middle East H1 sales rise 37%
Audi Middle East has posted a 37% increase in sales in the first half of 2021.
Dubai Customs, DP World to launch automation at Jebel Ali Port
The new system will speed up the refund process as customers can now submit refund claims immediately after loading vessels’...
Mohammed bin Rashid confirms board and advisory council of Dubai International Chamber
It is part of a recent government restructuring to drive a comprehensive economic development in Dubai It also...
Who’s who on Blue Origin’s first crewed flight
Jeff Bezos, 57, will leave behind the planet where he made his vast fortune for a few minutes on a...
PIF, Cosco buy stake in Red Sea Gateway Terminal for $280 million
The investment will help to transform RSGT into both a regional and global logistics hub in line with PIF’s mission...
Centara to manage 64-unit Oman hotel
The property in question is Al Hail Waves, and is ISAHC’s third in Oman that Centara will manage.
Saudi Arabia allows businesses to remain open during prayers
Saudi Arabia has officially allowed businesses to remain open during the five daily Muslim prayers. The decision is said to...
Bahrain to tap debt market to tide over financial crunch
The last time the Bahraini Kingdom tapped the international debt market was in January, when it raised $2 billion
Non-Arabs invest $87m in UAE markets from Jan-May 2021
Growth indicates a steady capital inflow into the two markets due to the increased investor confidence in UAE capital markets
After conquering Earth, Bezos eyes new frontier in space
His journey into space aboard a reusable rocket built by his firm Blue Origin comes just two weeks after he...
Company News
United Airlines reports Q1 loss
Business
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Goldman Sachs net income down
Business
Volkswagen to invest in China
Business
Egypt to resume exports of LNG by October: Tarek El Molla
Cairo, Egypt-- Egypt is looking to resume exports of liquefied natural gas exports by October, according to the country's petroleum...
Economy
GCC project awards surge by 86% to $49.7bn in Q2
The highest quarterly project awards value in over five years showcases the region's determination for diversification, and reflects the strength...
Business
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Business
Goldman Sachs Q2 profits at $1.1bn
Profit fell due to anemic M&A market, weakness in trading.
- The big investment bank has essentially abandoned a once-touted push to compete with retail banks for Main Street consumers.
- Goldman also suffered a drop in its other main division, asset and wealth management, citing net losses and markdowns in real estate.
Business
Microsoft, Activision gaming deal deferred
July 18 was the cut off point to finalize the $75bn deal.
- The deal for Microsoft to acquire Activision now gets pushed by three months to October 18.
- In return, Microsoft agreed to pay Activision an increased break-up fee in case either side walks away from the deal.
Business
Tata to build car battery factory in UK
The $5.2bn factory is expected to create up to 4,000 jobs.
- The factory is Tata's first giga facility outside India, and will be built in Somerset, southwest England.
- The British government said the new manufacturing facility is expected to provide almost half of the battery production that the UK will need by 2030.