Boeing offered 737 MAX plea deal, lawyer of crash victims’ families says
Washington, United States - The US Justice Department is offering Boeing a plea deal that will allow it to avoid a...
Business
Saudi Aramco says foreigners grab ‘majority’ of share offering
Riyadh, Saudi Arabia - Oil giant Saudi Aramco said Sunday that international investors had snatched up the bulk of shares sold...
Business
Business
UAE banks recover, but customers remain unsatisfied
The sector, according to a KPMG report, scores low on customer satisfaction due to operational issues, lack of timely support,...
- The sector, according to a KPMG report, scores low on customer satisfaction due to operational issues, lack of timely support, long waiting times and lack of feedback.
- The most negative net sentiment has been associated with payment methods such as debit cards, credit cards, and loans, highlights the latest KPMG report
Business
SVC to invest in Venture Debt Fund
The fund will offer venture debt tools to startups and SMEs.
- SVC CEO Nabeel Koshak said the investment is part of the company's program to invest in funds.
- Koshak said funds offering venture debt tools provide financing solutions for startups, and SMEs, known for their quick growth rates.
Business
Sharjah a vital tourist destination, says business body
The Sharjah Chamber of Commerce & Industry organized a business meeting with the Embassy of the Republic of North Macedonia...
- Sharjah Chamber of Commerce & Industry organizes a meeting with North Macedonia Embassy in the UAE
- In the meeting with a North Macedonia delegation, SCCI promotes the emirate’s tourism potential
Business
Saudi minister appreciates Seafarers’ role in maritime sector
Minister of Transport and Logistics, Engineer Saleh bin Nasser Al-Jasser, praised the seafarers for their role in the global maritime...
- The minister was speaking on the occasion of the International Seafarers Day, observed on June 25.
- More than 1,000 Saudi sailors work onboard the Saudi Naval Fleet, which in 2021 recorded advanced ranks in the tonnage side, and ranked first regionally and 21 globally.
Economy
UAE’s EHS, Johnson & Johnson ink MoU on healthcare
Emirates Health Services has signed a MoU with Johnson & Johnson Middle East to strengthen collaboration towards developing more advanced...
- UAE''s EHS has signed a MoU with Johnson & Johnson to strengthen collaboration towards developing more advanced health services
- The agreement will also strengthen collaboration in developing innovative hi-tech solutions to support the health sector in the country
Economy
Abu Dhabi explores clean energy solutions in Canada
The UAE delegation’s visit to Canada comes at a time when the UAE is preparing to host the 28th United...
- The UAE delegation’s visit to Canada comes at a time when the UAE is preparing to host the 28th United Nations Climate Change Conference of the Parties (COP28) next year
- The conference will focus on upholding climate commitments, inclusion for all, and collaboration towards implementing concrete measures and developing practical solutions
Business
Saudi seeks British investment in industrial and mining sectors
Saudi Arabia is seeking to convince investors and companies in Britain to make investments in the kingdom's industrial and mining...
- In this connection, Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef held a meeting with companies and investors in Britain
- The ministry of Industry also invited attendees to the international mining conference that the Kingdom holds annually in the city of Riyadh
Business
UAE: a trendsetter in regulating cryptocurrency market
The UAE, Japan and Singapore have emerged as the trendsetters in regulating the crypto-currency market effectively, according to a top...
- The UAE has moved past the stage of appealing for existing authorities to work together
- By pushing ahead to promote cryptocurrencies and ensure official oversight, the UAE puts it ahead of other countries and jurisdictions
Business
50 days on, ‘nothing changes’ for UAE delivery riders
Rise in fuel prices, scorching heat and constant rush to deliver due to 'unrealistic promises' made to clients by online...
- Rise in fuel prices, scorching heat and constant rush to deliver due to 'unrealistic promises' made to clients by online platforms are impacting lives of thousands of riders
- It's time to start accepting slightly longer delivery timelines, treating riders with empathy, and constantly demanding better and humane working conditions for the riders
Market Report
Saudi Index at lowest levels since January
Saudi Stock Exchange's general index fell by nine points. Abu Dhabi market was below 9,200 points, Dubai market rose above...
- The Saudi Stock Exchange's general index recorded its lowest level since January and ended the week down by nine points
- The Dubai market managed to rise above 3200 points, supported by a rise in real estate and investment shares, during the week
Boeing offered 737 MAX plea deal, lawyer of crash victims’ families says
Washington, United States - The US Justice Department is offering Boeing a plea deal that will allow it to avoid a...
Business
Company News
Meeza to list on QSE
Business
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ASPACE to set up Saudi’s first satellite manufacturing unit
Riyadh, Saudi Arabia -- Saudi Arabia announced Thursday the completion of SAR 1 billion investment procedures by ASPACE, a Hong...
Business
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Business
Ghitha Holding Q3 profit of $33m
The company gained from regional food processing.
- Driven by strong results and business momentum, Ghitha reported revenue of US$898 million in the third quarter.
- Revenues grew 120 percent year-over-year, driven by broad-based growth across categories and geographies.
Business
Bank Albilad posts net profit
The bank’s January-September 2023 profit was $469 million.
- The bank reported a 3 percent year-on-year increase in gross operating income during January-September 2023 period.
- The rise in gross operating income was mainly due to higher net income from investing and financing assets.
Business
Elon Musk teases audio and video calls at X
"Early version of video and audio calling on X," Musk wrote in a post that contained a screen capture showing...
- Musk announced in August that voice and video calls were in the works at X in what was seen as a step towards turning the former Twitter into an "everything app"
- The calling features of X, previously known as Twitter, would work on iOS, Android, Mac and PC systems, and no phone number would be needed, he said at the time