‘Digital transformation levels the playing field for GCC small businesses’
Digitalization is revolutionizing GCC entrepreneurship, offering vast opportunities and challenges, and driving innovation and growth, Jigar Sagar, an influential figure...
Business
UK’s richest family get jail terms for exploiting staff at Swiss villa
Geneva, Switzerland -A Swiss court handed jail sentences to four members of Britain's richest family on Friday, branding them "selfish" for...
Business
Business
Stan Chart unveils API in KSA
The British company aims to ensure data security.
- Thanks to the new interface, clients and partners will be able to share and integrate data securely
- The kingdom, in line with Saudi Vision 2030, aims to become a regional digital hub
Business
UAE lends helping hand to Africa through credit lines
A line of credit of US$20 million will be opened between ADEX and ECOWAS to boost cooperation and raise the...
- A line of credit of US$20 million will be opened between the two entities enhancing cooperation and increasing the volume of trade
- The agreement was signed virtually by Khalil Al Mansoori, Acting Director-General of ADEX, and Dr. George Agyekum Donkor of EBID
Economy
‘Resilience more vital than efficiency for GCC startups’
The ongoing Covid-19 pandemic teaches several lessons to regional businesses, says UAE Minister Ahmad Belhoul Al Falasi.
- The ongoing pandemic teaches several lessons to regional businesses, says UAE Minister Ahmad Belhoul Al Falasi
- The entrepreneurship ecosystem in UAE has not yet reached full maturity but 'we are about 60-70% there', he adds
Opinion
Time to deliver decarbonization targets set last year
In the Middle East, the UAE and Saudi Arabia have been leading the decarbonization conversation with pivotal government initiatives that...
- The number of companies establishing science-based targets for decarbonization had strongly increased since 2015, but it rose dramatically in the run-up to COP26
- Executives are trying to pursue their decarbonization targets during a period of turbulence that has created historic levels of uncertainty and numerous difficulties
Geostrategy
US sanctions Russia’s defence sector, bans its gold import
United States is seeking to crack down on Russians seeking to skirt existing sanctions by "covertly" acquiring US, Japanese and...
- The sanctions target state company Rostec and other firms critical to the defense industry.
- The new moves blacklist 70 entities and 29 individuals, which freezes all the USA held assets.
Business
Saudi Arabia and Italy to explore investment opportunities
Saudi Arabia’s Ministry of Investment will host a high-level Italian business delegation on Monday to explore mutually beneficial investment opportunities....
- An Italian delegation led by Italian Minister for Foreign Affairs Luigi Di Maio will visit the kingdom.
- Private sector representatives from multiple organizations from both countries will participate in the forum.
Business
‘World’s most efficient AC’
Strata, Hyperganic and EOS will partner to build the energy-efficient AC.
- Strata Manufacturing is a UAE-based Digital Factory pioneer, Hyperganic an AI-based engineering platform company EOS a German industrial 3D printing company.
- Media reports said the partnership is a result of the Ministry of Industry and Advanced Technology’s efforts to facilitate industrial collaboration.
Business
SARCO, Christof Global sign MoUs
Renewable energy projects costing $301 million will be built.
- The first project is to study an investment partnership to build a refinery producing the ‘biodiesel’ biofuel carbon.
- The second project, aims to study the investment in the technology of slop oil to convert waste oil wells, oil from shipping ships.
Business
Alpha Dhabi ups stake in Aldar
After the deal, Alpha Dhabi becomes Aldar's parent company.
- Aldar will be treated as a subsidiary in Alpha Dhabi's consolidated financial statements.
- The additional shareholding came through the acquisition by Alpha Dhabi of an entity already holding shares in Aldar.
Business
Saudi Arabia and Italy to deepen investment ties
Saudi Arabia and Italy will jointly explore investment opportunities in sectors as wide as finance, infrastructure and mobility, tourism and...
- The forum will focus on finance, infrastructure and mobility, tourism and culture, and renewable energy
- It will serve as a platform for Italian investors to explore the support services available from Invest Saudi
‘Digital transformation levels the playing field for GCC small businesses’
Digitalization is revolutionizing GCC entrepreneurship, offering vast opportunities and challenges, and driving innovation and growth, Jigar Sagar, an influential figure...
Business
Company News
Latest News
BAE to acquire Ball Aerospace
Business
UDC posts net profit of US$63m
The net profit has been reported for the first nine months of 2023.
Business
PIF to reveal complementary auto projects soon, says top official
Riyadh, Saudi Arabia -- The Public Investment Fund will soon announce complementary projects for the automobile industry, mainly batteries, said...
Business
Most Read
Intel beats earnings expectations
Net income of US chip giant tallied $300 million.
- Intel reported revenue of $14.2 billion, which was 8 percent less than the amount seen in the same quarter a year earlier but ahead of forecasts
- Net income of US chip giant tallied $300 million, compared with $1 billion profit in the same period in 2022, earnings figures showed
Apple Watch models face US import ban in patent clash
Apple has been steadily ramping up fitness and health features with each generation of Apple Watch, which market trackers say...
- US International Trade Commission issued a "limited exclusion order" set to go into effect in 60 days if not nixed by President Joe Biden, according to California-based Masimo
- The order stemmed from a complaint made to the commission in mid-2021 accusing Apple Watch of infringing on its patented technology for "light-based oximetry functionality
Geostrategy
Hamas says 50 hostages dead in Israeli strikes on Gaza
Jerusalem - Hamas's armed wing said on Thursday that "almost 50" Israeli hostages held in the Gaza Strip since the...
- Earlier, the Israeli army said 224 people were abducted by militants during the attack that left 1,400 people, mostly civilians, dead.
- "We have informed the families of 224 hostages. This number is changing based on the intelligence we obtain," military spokesman Daniel Hagari said