EasyLease buys stake in United Trans
This helps EasyLease expand its presence in mobility sector.
Business
KPC posts bumper profits
Business
Boursa Kuwait profit declines
Business
Ooredoo posts 20% profit rise
Business
Business
Qatar’s migrant army queues for glimpse of World Cup
The price of tickets means that most of those who waited up to two hours for the chance of a...
- Some tickets costing QAR40 ($11) have been reserved for Qatar's 2.8 million population, most of whom are foreign workers
- However, all the cheap tickets are apparently gone, and the cost of others was too high for those earning $275 a month
Business
Saudi Arabia to attract $32bn investment in mining sector
The investment is expected to be made in nine new projects across the country.
- The projects are aimed at supporting supplies of mineral products to local and international markets
- The ministry is currently studying 145 applications for exploration licenses from foreign companies
Business
Reliance nets $100bn annual revenue
With this turnover, it became the first Indian firm to cross the mark.
- The conglomerate reported a net profit of INR162.03 billion ($2.1 billion) between January and March
- This was 22.5 percent higher than the same period last year for the group, owned by Asia’s richest man
Business
Brazil, Guyana agree to widen energy cooperation
US giant ExxonMobil announced in April the discovery of three new oil deposits in Guyana, raising estimates of the country's...
- Guyana has emerged as one of the main low-cost oil production countries
- It is now preparing to auction offshore oil blocks at the end of the year
Business
‘Brain training’: the new frontier for eSports
The days of playing your favourite game for hours at a time to stay competitive in eSports are gone, with...
- Team Liquid is one of the biggest in the professional eSports leagues and they are keen to keep their edge, with the focus on brain training adding to the use of coaches
- "We believe The Pro Lab will make waves in the eSports industry and beyond,” Dutchman Victor Goossens, founder and co-CEO of Team Liquid, said in a statement
Business
‘Like family’: Japan’s virtual YouTubers make millions from fans
Mayu Iizuka sheds her soft-spoken personality and starts cackling, screaming and waving wildly in a makeshift studio in Tokyo as...
- The videos are designed to make fans feel they are interacting directly with their favourite animated idols
- Most fans spend only $1 per comment, but the most dedicated sometimes splurge $400 to post impassioned missives to their virtual idols
Business
UAE: Where sustainable shopping can be a way of life
If there is one country in the GCC where the idea of sustainable shopping can take off, it is the...
- what is sustainable shopping? It is a means in which you consume goods and services that considers the most efficient and beneficial options for all the species
- “Go green!” they say. “Shop green!” “Think green!” they say. The color green is associated with sustainability.
Business
Stocks slide in Asia and Europe, pound drops to two-year low
Asian and European stocks tanked Friday, accelerating a global selloff on fears over the impact of interest rate hikes that...
- The euro jumped to 85.77 pence, which was last seen late last year
- Rate tightening increases borrowing costs for consumers and businesses, harming economic recovery from the pandemic
Business
US FDA limits use of J&J Covid vaccine
The US said Thursday only adults who "have personal concerns" about mRNA vaccines, access issues or medical reasons for refusing...
- The vaccine, which was authorized as a single shot, is less protective than those developed by Pfizer and Moderna
- Thursday's decision by the Food and Drug Administration builds on that recommendation by limiting the J&J vaccine's emergency use authorization
Business
Saudi Arabia, Azerbaijan sign MoU to boost accounting services
The MoU aims to enhance cooperation between the two countries in the areas of financial auditing and performance control.
- For Saudi Arabia, the MoU was signed by Saudi General Bureau for Auditing president Hossam bin Abdul Mohsen Al-Angari
- The other signatory was Vugar Gulmammadov, chairman of the Chamber of Accounts of Azerbaijan
EasyLease buys stake in United Trans
This helps EasyLease expand its presence in mobility sector.
Business
Company News
QGIRC net profit down
Business
Latest News
KPC posts bumper profits
Business
Boursa Kuwait profit declines
Business
Ooredoo posts 20% profit rise
Business
Dubai emerges as global hotspot for startup innovation
The emirate has transformed into a hub of entrepreneurship and ingenuity over the years. Renowned for its ambitious vision and...
Business
ExxonMobil to acquire Pioneer
This is the company's biggest takeover since 1990 acquisition of Mobil.
Business
Most Read
Business
Aramco looks to invest in Shangong Yulong Petrochemical
Dhahran, Saudi Arabia -- Aramco has signed an MoU that paves the way for Aramco's potential acquisition of a 10...
- Aramco signed an MoU with Nanshan Group, Shandong Energy Group, and Shandong Yulong Petrochemical to pave way for the acquisition.
- Shandong Yulong is presently in the final stages of constructing a significant refining and petrochemical complex with the capacity to process approximately 400,000 barrels per day
Business
MENA awards $101 billion construction projects in first half
Dubai, UAE -- Despite global economic uncertainties, the construction industry in the Middle East and North Africa (MENA) awarded a...
- The lion's share of these projects, approximately 67 percent, hailed from Saudi Arabia, contributing $44 billion, and the United Arab Emirates (UAE), accounting for $23 billion.
- The collective estimated value of the project pipeline in the MENA region surpassed $3 trillion, with Egypt, Saudi Arabia, and the UAE owning more than 60 percent of it.
Business
Silal acquires stake in SAFCO
SAFCO Group is a food and beverage distributor in the UAE.
- Last year, Silal, in collaboration with Hoogendoorn, one of the world’s innovators in horticulture, launched the Digital Agronomy Service.
- The Service saw deployment of IoT sensors in 100 farms over the course of 2022.