GM reports US sales dip, that of EVs grew
The big Detroit automaker reported 659,601 US sales during the period.
Business
Microsoft cutting more jobs from its gaming unit amid industry layoffs
San Francisco, United States- Microsoft is cutting about 650 more positions from its gaming unit as it continues to tighten its...
Business
Business
DMZ, Sheraa sign deal to support 15 startups from Sharjah
Sheraa’s startup community will now have access to the DMZ’s on-demand learning platform called ‘Launchpad’.
- Sheraa’s startup community will now have access to the DMZ’s on-demand learning platform called ‘Launchpad’.
- The platform is designed to support aspiring and early-stage entrepreneurs in developing foundational business skills.
Business
China allows 44 foreign video games for first time since crackdown
Beijing moved against the country's vibrant gaming sector last August as part of a sprawling crackdown on big tech companies.
- Beijing moved against the country's vibrant gaming sector last August as part of a sprawling crackdown on big tech companies.
- China's gaming regulator, the National Press and Publication Administration, on Wednesday said it had approved 44 new imported games in December.
Business
CBUAE issues commemorative coins on anniversaries of Abu Dhabi ports
Abu Dhabi, UAE-- The Central Bank of the UAE (CBUAE), in cooperation with Abu Dhabi Ports, issued 1,000 commemorative silver...
- The coins highlights the successes achieved by the ports of Abu Dhabi and their role in the emirate’s maritime sector in the past decades.
- Each coin weighs 60 grams. The front side includes a drawing of the Abu Dhabi Ports Group logo with the name "Central Bank of the UAE" written in both Arabic and English languages.
Business
AD Ports, KMTF sign pacts
They will launch a joint venture to provide services for energy companies.
- AD Ports, which will own 51 percent, and KMTF, which owns 49 percent, also signed an agreement to pool tanker resources.
- The two companies also signed a seven-year vessel pooling agreement, which includes the provision of several tankers for the transportation of crude oil internationally.
Business
Oman LNG inks three agreements with Japanese firms
The new agreements will see Oman LNG supplying LNG based on contracts varying from 5 to 10 years.
- The new agreements will see Oman LNG supplying LNG based on contracts varying from 5 to 10 years
- Such a step comes as a significant milestone for Oman LNG, as it complements the company's effort to renew its contracts with Japan
Economy
Oil prices show no volatility as Russia unveils export ban
New York, US--Russia on Tuesday banned oil sales to countries and companies that comply with a price cap agreed by...
- The price ceiling of $60 per barrel agreed by the European Union, G7 and Australia came into force in early December and seeks to restrict Russia's revenue
- Russia has said the cap will not affect its military campaign in Ukraine and expressed confidence it would find new buyers
Business
5.4 billion World Cup viewers watch beIN MEDIA GROUP’s coverage
The final match, that saw Argentina claiming their second World Cup trophy after beating France 4-2 on penalties, recorded 242.8...
- The final match, that saw Argentina claiming their second World Cup trophy recorded 242.8 million views on beIN SPORTS free-to-air channel
- The final of the FIFA World Cup Qatar 2022 attracted 88 million more viewers on beIN SPORTS than the final of FIFA World Cup Russia 2018
Business
Response Plus declares dividend
It will pay an interim dividend of $12.79m to shareholders.
- The shareholders registered in the company’s book on the 5th of January 2023 will receive 0.25 fils per share
- The Board of Director's decision comes as a result of the recent amendments made to the Articles of Association of Response Plus
Business
Online identity remains key concern as Middle East and Africa rank third in digital trust, data security
Banks come second after governments in terms of digital trust since over 60% believe they keep consumers' data confidential, while...
- Banks come second after governments in terms of digital trust since over 60% believe they keep consumers' data confidential, while only 50% trust retailed in the region
- Govts must refine laws for mobile apps as most online transactions happen through them since buyers find it more convenient to look for products and services through phones
Business
15 MoUs in several sectors signed at Saudi-Japan Investment Forum
Riyadh, Saudi Arabia - As many as 15 memorandums of understanding were signed between Saudi Arabia and Japan in several...
- The forum highlighted the investment opportunities to strengthen the investment partnership between the two countries in light of Saudi-Japan Vision 2030.
- It also reviewed opportunities to expand the investment partnership between the two countries in a number of the strategic sectors.
Most Read
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
GM reports US sales dip, that of EVs grew
The big Detroit automaker reported 659,601 US sales during the period.
Business
Company News
Invest AD to launch debt fund
Business
Nedaa, Dubai Customs ink MoU
Business
Latest News
Yansab 9M net loss $134 million
Business
ADX and Abu Dhabi Housing Authority sign agreement to boost data exchange
Abu Dhabi, UAE--The Abu Dhabi Securities Exchange (ADX) and the Abu Dhabi Housing Authority signed a service level agreement to...
Business
Riyadh Season draws 9 million visitors to its entertainment zones
Riyadh, Saudi Arabia - The number of visitors to Riyadh Season has surged to over 9 million, indicating a significant...
Business
Most Read
Business
PM issues law forming Dubai Investment Fund to oversee government investments
DUBAI, UAE – Vice President, Prime Minister and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum has issued Law...
- The law endows the Fund with the financial and administrative independence to pursue its objectives along with the legal mandate to do so.
- Dubai Investment Fund will be responsible for investing Dubai Government funds, surpluses and the general reserve locally and internationally.
Business
PIF sets up agri and ecotourism firm Dan Company
RIYADH, SAUDI ARABIA - The Public Investment Fund (PIF) announced on Monday the establishment of Dan Company, specializing in agritourism...
- The company plans to develop unique tourism projects around cities across Saudi Arabia with attractive natural and farmed landscapes.
- Dan aims to involve local communities in imparting experience that enables visitors to fully interact with Saudi regional culture and traditions.
Geostrategy
Arab meet calls for more investments in renewable energy
Speaking at the 12th Arab Energy Conference organized by the Organization of Arab Petroleum Exporting Countries (OAPEC), Qatar's Energy Minister...
- OAPEC Secretary General Eng. Jamal Issa Al Loughani emphasized the conference's focus on international energy market developments and their local and global implications.
- He called for a careful balance between emission reduction, energy availability and affordability, while underscoring challenges in building sustainable energy systems.