ADNOC Gas to pay $3.41bn dividend
It includes $1.7 billion scheduled for distribution in Q2 2025.
Business
Business
Adaptability now top priority for hiring in GCC
Post Covid, professionals are reviewing and updating their skills to stay competitive in the job market where remote work ha...
- Post Covid, professionals are reviewing and updating their skills to stay competitive in the job market where remote work ha becoming increasingly popular, says a report
- Companies in the region are also re-evaluating their approach to attract top personnel as the need for more flexible schedules have increased in the market
Economy
‘FIFA to earn around $700 million due to Qatar World Cup’
"All in all this World Cup will generate for FIFA around $600-$700 million more than the last World Cup," he...
- FIFA chief Infantino said media rights were up about $200 million compared with the 2018 tournament in Russia
- Infantino said he would reveal FIFA's global revenues for the past four years to national associations on Sunday.
Market Report
UAE stocks end higher even as Saudi markets decline
Saudi equities rose on November 13 but the index fell during the rest of the trading days. UAE stocks started...
- The Saudi Public Investment Fund raised US$612 million through a secondary offering of shares by selling a 10 percent stake in Tadawul.
- The Abu Dhabi Stock Exchange rose after Abu Dhabi Ports Group said that it had acquired global platform for integrated logistics services Noatum.
Business
Mahzooz one of Dubai’s several tickets to success
Dubai, known as the 'City of opportunities' for one and all, offers many ways to help individuals become rich and...
- Dubai, known as the 'City of opportunities' for one and all, offers many ways to help individuals become rich and prosperous, including Mahzooz's Weekly Draw
- Mahzooz, it is said, gives UAE residents a chance to win millions of dirhams as a kind of contribution to give back to the community through a weekly live draw
Business
Allwyn buys Britain’s Camelot
Acquisition will likely close in Q1 2023, Czech firm said.
- In March, Britain's Gambling Commission, which licenses and regulates gambling, gave Allwyn Entertainment a license to run the National Lottery from February 1, 2024.
- As Camelot owns the license until then, the takeover will help facilitate a smooth transition, Allwyn said.
Business
GAL-AMMROC, GMF ink pacts
The pact were inked during the B20 Summit in Bali, Indonesia.
- The pacts will allow AMMROC to expand its MRO capabilities and consolidate its status as a key enabler of a sustainable domestic defense sector in the UAE.
- The cooperation will further expand to the joint promotion of the N219 and NC212 aircraft in the Middle East and Africa markets.
Economy
Fans can survive without beer in World Cup, says FIFA official
DOHA, QATAR - FIFA president Gianni Infantino said Saturday that World Cup fans can survive for three hours a day...
- "I think personally if for three hours a day you cannot drink a beer, you will survive," FIFA president Gianni Infantino said
- World Cup chiefs on Friday banned beer sales around stadiums in Qatar just 48 hours before the event kicks off on Sunday
Economy
Sharjah International Travel and Tourism Forum to begin Nov 24
SHARJAH, UAE - The 9th edition of the Sharjah International Travel and Tourism Forum (SITTF) is set to kick off...
- The forum will convene a host of government officials, local and international decision-makers, experts in global travel, tourism and aviation sector.
- Organized by Sharjah Commerce and Tourism Development Authority, the forum complements SCTDA's efforts to bolster Sharjah's position in global tourism.
Geostrategy
‘Most APEC members condemn war in Ukraine’
Asia-Pacific leaders added their voices to international pressure on Russia over its invasion of Ukraine, issuing a summit statement saying...
- The summit communique was agreed by all APEC members, including Russia and China.
- Apart from substituting the name of the organization, the statement was word-for-word the same as a G20 declaration.
Business
FIFA World Cup 2022: Third floating hotel arrives at Doha port
MSC Opera will join MSC World Europa and MSC Poesia which arrived at Doha Port earlier, to offer a luxurious...
- MSC Opera will join MSC World Europa and MSC Poesia which arrived at Doha Port earlier, to offer a luxurious hospitality experience to fans of the FIFA World Cup Qatar 2022
- According to the estimates of the MSC Cruises Group, owner of the three floating hotels that will serve the tournament, the capacity of the three cruise ships is 10,000 beds
Company News
Latest News
ACWA Power signs deals
Business
Tesla files recall on 2m vehicles to fix autopilot software
Tesla's Autopilot program has spurred numerous government investigations as well as media exposes focusing on misuse or vulnerabilities. The system...
NEOM unveils Utamo, a $500bn project to showcase world’s mega artists
NEOM, Saudi Arabia - Saudi Arabia's $500 billion mega project, has introduced Utamo, a new art and entertainment destination set...
Business
Somalia to get US$4.5bn in debt relief from creditors: IMF
The IMF said the debt relief will facilitate access to additional financial resources that will help it strengthen economy, reduce...
Business
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Business
Andalusia Labs secures $48m funding
The company deals in risk management infrastructure for digital assets.
- Silicon Valley venture capital firm Lightspeed Venture Partners led the round with participation from Mubadala Capital
- Andalusia Labs is a collection of leading technology solutions addressing the security challenges prevalent in the blockchain industry
Business
GCC media outlets think outside the box to stay afloat
Reeling from a calamitous drop in advertisement revenues and public trust, news media organizations are reworking strategies to create "niche"...
- Many believe news media outlets have been distracted from their role to safeguard space for informed debate on public issues
- Several well trusted media outlets with deep pockets are battling against thinning revenues and being forced to think differently
Business
OpenAI to pay Axel Springer to use journalism in ChatGPT
Berlin, Germany -- Axel Springer said Wednesday it was partnering up with the maker of ChatGPT, OpenAI, which will pay the...
- The chatbot's answers would include material otherwise kept behind a pay-wall and offer "links to the full articles for transparency and further information," they said.
- Axel Springer CEO Matthias Doepfner has previously warned that AI threatened to "replace" journalism, while the group has been pursuing its own AI-driven ventures.