Doha Bank bond issue oversubscribed four times
Doha, Qatar - Doha Bank has successfully issued $500 million in international bonds, garnering a total order book of $2...
Business
Business
‘We ensure aging CEOs stay at top of their game’
Mike Frayne, the CEO of Aviv Clinics Dubai, tells TRENDS that their medical program helps aging C-suite executives to get...
- 'Aviv’s unique medical program can reverse this decline. For a CEO or C-suite executive, this means that they can be at the top of their game for longer. '
- With growing investments in the healthy aging sector, we now can take control over the aging process and reverse some of the physical and cognitive declines '
Business
Employment reforms add to women prosperity in KSA
Saudi women have reached unprecedented heights in work and social life, Sarah Al-Tamimi, vice chair of National Committee to Combat...
- "Many sectors such as retail, construction, mining, work in tanneries, electricity production, car repair shops that had been closed to women are now hiring them."
- "Saudi Arabia has introduced legislation guaranteeing equal pay for men and women and initiatives to support working women."
Business
Emaar Properties Q1 profits up 241%
The firm's revenues stand at AED 6.63 billion in the first quarter of 2022.
- The firm sees robust property sales and significant improvement in the performance of recurring revenue businesses
- The property sales backlog amounted to AED 45.24 billion by the end of the first quarter this year.
Economy
NEOM will be subject to Saudi sovereignty and rules: Report
Saudi Arabia has rejected claims that its planned futuristic megacity known as NEOM will have different rules from the rest...
- NEOM is part of Crown Prince Mohammed bin Salman's Vision 2030 plan to diversify Saudi Arabia's oil-dependent economy.
- It has been billed as a futuristic cityscape evocative of a sci-fi blockbuster -- with everything from flying taxis to robot-maids.
Business
McDonald’s to exit Russian market
The company will sell its business in the increasingly isolated country.
- McDonald's in March closed all of its 850 restaurants in the country, where it employs 62,000 people.
- The company directly manages more than 80 percent of the restaurants bearing its name in Russia.
Economy
Blue-chip shares surge as Wall Street stocks bounces back
Investors remain cautious as to whether China will ease its zero-Covid policy, which has added to the disruption of the...
- The benchmark Nikkei 225 index firmed 0.45 percent, or 119.40 points, to 26,547.05.
- The Nikkei firmed especially in early trade, keeping the momentum from gains of US shares.
Renault hands Russian assets to Moscow
Since Putin sent troops into Ukraine in late February, Renault has had difficulty keeping its operations going due to a...
- Renault has also handed over it's Moscow plant, Avtoframos to Russia, which makes Renault and Nissan models
- Renault, the French automaker giant will retain a six-year option to buy back the stake in AvtoVAZ
Business
Ryanair cuts annual net loss to $369 million
Ryanair expects cost increases as a result of surging oil prices fueled by the war, it hopes "to return to...
- Ryanair average fares fell more than a quarter to 27 euros despite soaring inflation and Ukraine war
- The Irish airlines had expected a much lower loss until the Omicron variant of corona virus spread in 2021
Business
Asian stocks climb up, but inflation sours mood
Asian equities were up on Monday after a rally on Wall Street last week, but analysts say fears of a...
- Asian market opened with a generally positive performance with Tokyo, Sydney, Singapore and Manila trading up throughout the day
- Analyst call it relief as Shanghai's vice mayor announced that reopening of businesses in the city would begin "in stages"
Business
Dubai lures world investors with promise of big returns
Defying grim expectations of economic recession battering the world economy, Dubai has burnished itself by attracting a heavy dose of...
- The emirate has won over more than 600 FDI projects, including greenfield projects last year
- Dubai’s economy grew 6.3 percent in the first nine months of 2021
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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
Doha Bank bond issue oversubscribed four times
Doha, Qatar - Doha Bank has successfully issued $500 million in international bonds, garnering a total order book of $2...
Business
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Bank Albilad H1 profit up 14%
Business
Global economic concerns hit GCC equity performance
Influenced by global inflation concerns and high rates, Gulf markets faced second consecutive monthly dip in September. Only Dubai and...
Market Report
Abu Dhabi’s non-oil economy up by 12.3 percent in second quarter
Statistical estimates published by the Statistical Centre Abu Dhabi said the construction sector grew by 19.1 percent in the second...
Economy
Saudi Arabia issues 162 licenses to companies relocating hqrs to the Kingdom
Riyadh, Saudi Arabia - Saudi Arabia has so far issued 162 regional center licenses to the companies relocating their headquarters...
Business
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Ubisoft banks on a reset with latest ‘Assassin’s Creed’
The latest entry in the wildly popular "Assassin" franchise is released Thursday, to be followed in December by a game...
- The latest entry in the wildly popular "Assassin" franchise is released Thursday, to be followed in December by a game based on the hit "Avatar" films
- Taking no chances, the group is launching "Mirage", set in ninth-century Baghdad, at 50 euros ($53) instead of the 70 euros often set for new titles
Business
Trump business empire under threat as fraud trial opens
Donald Trump intends to be present for the start of the trial on Monday morning as a civil fraud trial...
- Trump, in addition to the civil case, also faces several major criminal proceedings in the months ahead
- His children Eric, Don Jr. and his oldest daughter Ivanka are also likely to present their own testimony
Business
Dubai Chamber of Digital Economy to host global tech firms at Expand North Star
Dubai, UAE--Dubai Chamber of Digital Economy is all set to welcome the global business community to Expand North Star, the...
- The participants will assemble at Dubai Harbour from 15th - 18th October 2023, connecting the world's most sought-after startups with innovators and investors
- The event will host more than 1,800 startup exhibitors from over 100 countries and nearly 1,000 investors with a combined total of over US$1 trillion under management