Stocks sink again as Trump holds firm on tariffs
Trading floors across the globe were overcome by waves of further selling after last week's sharp losses, with Trump telling...
Business
Stocks, oil slump as China retaliates and Trump digs in heels
Despite the market turmoil, Trump insisted: "my policies will never change". Wall Street stocks fell more than two percent at...
Business
Business
Netflix widens password-sharing crackdown worldwide
As growth at Netflix cooled last year, the Silicon Valley-based streaming giant set out to nudge people watching for free...
- The company told financial analysts recently that it had delayed a broad crackdown on password sharing "to improve the experience for members"
- Getting people viewing for free to sign up for the Netflix ad tier would improve its appeal to advertisers, Insider Intelligence senior analyst Ross Benes said
Business
SEDD designates specific areas to run auto spare parts business
Sharjah, UAE--In order to create a competitive and diversified economy, the Sharjah Economic Development Department (SEDD) has reorganized many economic...
- The department said that trading in used auto spare parts in the emirate will be "reorganized" by amending the geographical areas permitted to practice the business
- The reorganization is part of the strategey to promote economic growth and consolidating the emirate's posiiton as the key global trade and economic center
Business
Honda to supply Aston Martin engines from 2026
The tie up, announced on Wednesday, comes in the run-up to this weekend's Monaco Grand Prix with Aston Martin a...
- The tie up, announced on Wednesday, represents a return to F1 for Honda, who left in 2021 but retain links with Red Bull and AlphaTauri
- Aston will continue to be powered by Mercedes power units until 2026 when there is a sizeable shift in F1's technical landscape
Business
Companies dole out US$326.7bn in record dividends in Q1
Dividends across the world spiked 12% in Q1 compared to the same period in 2022, which was already an all-time...
- One-off special dividends reached $28.8 billion over the three-month period, the second biggest amount since the first quarter in 2014
- According to Janus Henderson, companies are forecast to shell out $1.6 trillion in dividends in 2023 as a whole
Business
Al Dahra Group signs supply agreement with Estonian firm Golden Fields
Riga, Latvia--Al Dahra Group has signed a supply agreement with Golden Fields, an Estonian agriculture company specializing in the production...
- Under the terms of the deal Al Dahra Group will be supplied forage commodities by Golden Fields through its agreements in Estonia, Lithuania, Latvia and Finland
- Al Dahra Group CEO Arnoud van den Berg said that owing to the partnership with Golden Fields, a promising new page has been turned for agriculture in the Baltic region
Business
Qatar interested in developing Iraqi energy projects: Iraqi oil minister
Doha, Qatar-- Qatar is keen to obtain rights for oil and gas exploration in Iraq, according to Iraq's oil minister...
- The Iraqi minister exhorted international companies to take part in developing oil fields as "these investments play a big role in securing financial resources of Iraq"
- Baghdad signed deals with UAE firm Crescent Petroleum and two Chinese companies in February this year for the development of six oil and gas fields
Business
Al Mahhar to list on QSE
Some 207mn shares will be on QSE through direct listing.
- Firms wanting to list in the QEVM category need to have at least 20 non-funding shareholders who own no less than 10% of the company's capital upon listing
- Upon listing the company's founders have permission to sell and trade no more than 30% of their shares, provided they retain 60% of their shares
Business
Apple to tie up with Broadcom for 5G telecom networks
The company will collaborate with US tech firm Broadcom in order to make "cutting edge" parts for wirelessly connecting to...
- Apple CEO Tim Cook said the company is "thrilled" to make commitments that harness the ingenuity and innovative spirit of American manufacturing
- The alliance will include designing and manufacturing sophisticated radio frequency components and other "cutting-edge wireless connectivity" parts in US
Business
Changing customer demand, other challenges keep GCC marketing and event industries in evolution mode
Challenges faced by the two industries include shifting preferences, increased competition, budget limitations, talent shortages and post-COVID-19 changes, says a...
- Challenges faced by the two industries include shifting preferences, increased competition, budget limitations, talent shortages and post-COVID-19 changes, says a UAE-based expert
- Brands and clients are seeking innovative, engaging events that provide tangible value as the future of events is likely to involve a mix of in-person, hybrid and virtual formats
Business
India’s largest jeweller participates in Kuwait gold and jewellery show
Kuwait: Tanishq from the House of Tata is showcasing its range of gold and diamond jewellery at the Gold and...
- An important platform for designers, global jewellery retailers, wholesalers, and suppliers, the highly regarded annual event attracts industry stalwarts
- Tanishq which is participating for the first time will exhibit a range of gold and diamond jewellery including the brand’s most popular collections
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Stocks sink again as Trump holds firm on tariffs
Trading floors across the globe were overcome by waves of further selling after last week's sharp losses, with Trump telling...
Business
Company News
Hyundai to sell Russian plant
Business
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Bayanat, Yahsat to merge
Business
EDGE bags another big order
The group will supply 200 unmanned helicopters to UAE defense ministry.
Business
NEOM announces its new luxury ecotourism destination Zardun
NEOM, SAUDI ARABIA - NEOM's Board of Directors has announced the launch of Zardun - an exclusive resort and natural...
Business
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Business
Jabal Omar secures $509m Murabaha
The financing agreement was signed with Al Rajhi Bank.
- The term of the facility is two years, Jabal Omar said in a statement to Tadawul, according to Argaam.
- The facility will be used to accelerate the completion of project phases under construction and pay financial obligations.
Business
Deals worth $26.66 billion signed at Real Estate Future Forum 2024
Riyadh, Saudi Arabia -- Deals worth more than $26 billion were signed at the Real Estate Future Forum 2024, which...
- Over 50 agreements and memoranda of understanding (MoUs) were signed during the event that focused on discussing new innovations.
- The event was attended by 300 speakers from 85 countries, including government officials, private-sector representatives, economists, investors and decision makers.
Business
US approves inspection program to return Boeing 737 MAX to service
The FAA announcement is a major step after the agency grounded 171 MAX 9 planes after the January 5 incident...
- Shortly after Federal Aviation Administration announced inspection protocols on Boeing 737 MAX 9, United Airlines said it expects grounded aircraft to return to service starting
- "We will only return each MAX 9 aircraft to service once this thorough inspection process is complete," said a statement from Toby Enqvist, United's chief operations officer