Alibaba Cloud opens training center in Dubai
It will be a hub for customers to lift up "digital competence."
Business
Business
UFC, martial arts group, to return to UAE in October
The world’s premier mixed martial arts organization UFC will return to UAE in October 2022 at Abu Dhabi Showdown Week...
- The UFC 281 will be the third event of a five-year partnership between DCT Abu Dhabi and the UFC
- It will mark the promotion’s 17th overall event in Abu Dhabi, dating back to UFC 112: INVINCIBLE in April 2010
Business
Expo 2020 achieves another milestone, records 20m visits
Expo 2020 Dubai, the largest global gathering since the start of the pandemic, reached the milestone of 20 million visits...
- Dubai Expo 2020 is the biggest event ever to be held in the Arab world with cultural, numerous educational and entertainment experiences
- The appearances of Global leaders, sporting heroes, renowned artists and superstars formed some of the 32,000 events and attractions at the Expo
Business
After a week of losses, GCC indices post gains
After a week of losses, the Saudi index posted 0.9 percent increase even as the uncertainty spurred by the Ukraine...
- The shares of Etihad Etisalat (Mobily) jumped 9.9 percent after the Emirates Telecom Group submitted an offer to increase its stake
- Amlak Finance fell by about 10 percent, while Emirates NBD Bank fell by 3.7 percent
Business
Qatar’s Invincibles stir up World Cup hopes
When Al Sadd wrapped up a second straight Qatar title by stretching their unbeaten league run to 49 games, they...
- Al Sadd's squad contains the bulk of Qatar's national side, as well as a former Arsenal star Santi Cazorla and ex-Premier League regular Andre Ayew
- "Most of Al Sadd's players are internationals and this (success) stimulates enthusiasm, courage and the desire to be fully ready for the World Cup," the 24-year-old told AFP
Business
Saudi Arabia inks MoU with Amazon to promote digital services, e-commerce
The Saudi Arabia’s Ministry of Investment (MISA) announced on Friday that it has signed a Memorandum of Understanding (MoU) with...
- Saudi Arabia and Amazon will form a joint committee consisting of members from each party that will meet twice a month to explore reforms across a range of areas
- The committee will also work with relevant public sector entities to deliver support and incentive programs to accelerate the growth of digital services and e-commerce
Expo 2020 DUBAI
Saudi Arabia wins Best Pavilion at Expo 2020 Dubai
The pavilion of Saudi Arabia in Expo 2020 Dubai has been awarded Best Pavilion by EXHIBITOR magazine.
- The Saudi Pavilion has already won the Platinum Certificate in LEED by the US Green Building Council
- It also holds three world records: the largest interactive light floor, the longest interactive water curtain, and the largest interactive digital screen mirror
Business
Google faces racism lawsuit
Ex-employee says Google imposed ‘barriers’ on Black workers.
- Ex-employee April Curley, hired by the tech giant in 2014, has contended in her suit that she was undermined at Google
- She says she was ultimately fired for advocating reform of ‘barriers and double standards’ imposed on Black Google employees
Business
Julphar revenue up 100 percent
The growth attributed to increased market share in key operating regions.
- In 2021, Julphar reported EBITDA from Continuing Operations at AED164.8 million.
- The Company’s profit after tax for full year 2021 reached AED59.4 million.
Business
Ithmaar Holding of Bahrain to sell ‘assets’ to Al Salam Bank
Shareholders of Ithmaar Holding have approved a plan to sell a few of the company's assets to Al Salam Bank.
- The assets include Ithmaar Holdings’ ownership stake in both Bank of Bahrain and Kuwait and Solidarity Group Holding, as well as the consumer banking business of Ithmaar Bank
- The holding company will retain a diversified portfolio of international and local financial and other assets, including banking businesses in Bahrain and Pakistan
Business
India bypasses Western attempt to choke off Russian oil supply
Indian government officials on Friday defended the continued buying of Russian oil, saying European countries were still purchasing hydrocarbons from...
- Indian oil refiners have in recent days reportedly purchased several million barrels of discounted Russian oil even as the West seeks to isolate Moscow economically
- New Delhi, which historically has had close ties with Moscow, has called for an end to the violence in Ukraine but has stopped short of condemning Russia's invasion
Alibaba Cloud opens training center in Dubai
It will be a hub for customers to lift up "digital competence."
Business
Company News
Yahsat to invest US$100m
Business
Multiply Group buys stake
Business
Latest News
Aramco likely to acquire equity in China’s Shenghong Petrochemical
Dahran, Saudi Arabia -- Aramco and Jiangsu Eastern Shenghong Company (Eastern Shenghong) Wednesday signed a cooperation framework agreement to facilitate...
Business
Saudi EXIM Bank, Trafigura sign pact
The bank will extend three-year credit facility of $500 million.
Business
Markets mostly up but US rate outlook feeds uncertainty
With inflation still sitting well above the central bank's target and the labor market showing few signs of softening, decision-makers...
Business
Most Read
Business
AMEA reaches financial closure on PV plant
The $86m project will be AMEA's first operational asset in Tunisia.
- The solar plant is being implemented by Kairouan Solar Plant, a project company registered in Tunisia and wholly owned by AMEA Power.
- The project is being financed by IFC, a member of the World Bank Group, and the African Development Bank (AfDB).
Police hold boss of troubled developer China Evergrande: report
Xu Jiayin, who is known as Hui Ka Yan in Cantonese, was taken away by authorities earlier this month, according...
- Evergrande stocks in Hong Kong fell precipitously on Wednesday afternoon following a moderate rise in morning trading, closing the day 19 percent down
- Chinese property developer Evergrande's enormous debt has contributed to the country's deepening property sector crisis, raising fears of a global spillover
ChatGPT maker value rockets in funding talks: report
The estimated worth for the company behind generative artificial intelligence platform ChatGPT is nearly triple that of just a year...
- OpenAI this week said it is adding voice and image capabilities to the platform, which was previously limited to written prompts
- Voice and image capabilities are being rolled out to ChatGPT Plus and Enterprise users over the course of the coming weeks