Apple explores making personal robots
It is working on a robot that may be helpful to people.
Business
Business
GCC IPOs raise $4.8bn in 2022, outpacing Europe
May Nasrallah, founder of deNovo, tells TRENDS the new listings on GCC bourses have spawned a new chapter in regional...
- "IPOs in the Gulf prove resilient to the volatility hurting deals in other markets, such as high oil prices, stable economies, and abundant liquidity fuel activity," she said.
- Recent IPO listings in 2021 include 20 public listings of Saudi companies (9 on Tadawul and 11 on Nomu), like ACWA Power International and Saudi Telecom.
Business
Women empowerment key focus as region eyes growth
Top executives, officials and experts explore ways to strengthen the role of women in regional business dynamics during the TOP...
- The first day of the conference is dedicated to women under the "Arab Women Forum," where conversations will be hosted to explore regional and global business dynamics
- The Top CEO Conference is an open discussion among thought leaders, executives, and senior government officials and its purpose is to bring global issues into a regional context
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
Company News
Agthia Group profit vaults 6.6%
Business
Latest News
DAE H1 profit up 13%
Business
Non-oil revenue boost shows GCC’s financial wisdom
The GCC nations exemplify financial prudence. Their continuous efforts to boost non-oil revenues, reform tax policies, and modernize and digitize...
Business
Solana Foundation joins DMCC Crypto Center as ecosystem partner
DUBAI, UAE: DMCC – the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise – has...
Economy
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Business
Marakeb first firm to develop maritime applications in SAVI cluster
Abu Dhabi, UAE -- The Abu Dhabi Investment Office (ADIO) announced that Marakeb Technologies will become the first anchor company...
- Marakeb is a technology provider for aerial, ground, and marine applications that has developed and manufactured solutions in the UAE for the past 15 years.
- Marakeb will be able to test new technologies at the cluster’s sea testing zone in Mussafah Port, which houses a port and the Abu Dhabi Maritime Academy.
Business
Phoenix set for IPO on ADX
It is the first crypto entity to be listed on a Middle East bourse.
- The firm specialises in a range of services, from high-performance computing to crypto and cloud mining, data centre hosting, crypto trading, and crypto mining products
- The IPO on Abu Dhabi Securities Exchange would be the first privately owned crypto and blockchain entity to be listed on a Middle East stock market
Business
Qatar banker Sheikh Jassim withdraws bid to buy Man Utd
Sheikh Jassim was among the front-runners to buy Manchester United after several rounds of bidding earlier this year, but the...
- British billionaire Jim Ratcliffe is now set to secure a 25 percent stake in the club for around $1.7 billion
- Al Thani's bid was for full control of Manchester United and promised to clear the club's borrowings