Global LNG demand to rise more than 50 percent by 2040: Shell
"Demand for natural gas has already peaked in some regions but continues to rise globally, with LNG demand expected to...
Business
Boeing expects Q1 hit from MAX troubles
The airline backs intensified oversight from the FAA.
Business
Business
Aramco lands $15.5bn Blackrock deal
The deal creates the Aramco Gas Pipelines Company.
- The subsidiary Aramco Gas Pipelines Company will lease usage rights in Aramco’s gas pipelines and lease them back to Aramco for 20 years
- In return, it will receive a tariff payable by Aramco for the gas products that will flow through the network
Hamilton, Verstappen neck and neck, ahead of weekend’s showdown in Abu Dhabi
The 36-year-old Briton and his Dutch rival, who is 12 years younger, have for the large part treated each other...
- The 36-year-old Briton and his Dutch rival, who is 12 years younger, have for the large part treated each other with respect
- But after 20 races, the equivalent of driving from New York to London, the pair head to Yas Marina with their relationship seemingly at its lowest point
Business
Saudi Arabia drops paper, adopts e-invoicing
The first phase of electronic invoicing in Saudi Arabia has begun, affecting all taxpayers liable to VAT in the Kingdom...
- The Kingdom's first phase of electronic invoicing has begun, affecting all VAT payers
- Purchasing with tax invoices and failing to notify the Authority of any fault will result in a fine of 10,000 Riyals
Business
50% of top 10 automotive OEMs will design their own chips by 2025
“Automotive semiconductor supply chains are complex,” said Gaurav Gupta, research vice president at Gartner. “In most cases, chip makers are...
- The on-going chip shortage is primarily with mature semiconductor technology node devices that are fabricated on smaller 8-inch wafers
- Semiconductor chip foundries, such as TSMC and Samsung, have provided access to cutting-edge manufacturing processes
Business
Moody’s forecasts stable outlook for GCC banks
Moody’s has forecast a stable outlook for GCC banks during the next 12 to 18 months, primarily due to economic...
- “Banks’ asset quality will remain high, even as non-performing loans rise slightly as repayment holidays expire”
- GCC governments have ample capacity to support banks in a crisis remains very high, thanks to large sovereign wealth funds
Business
KSA and Oman draw closer, sign deals worth $30bn
Saudi Arabia signed deals with Oman valued at $30 billion, state media said Tuesday, as Crown Prince Mohammed bin Salman...
- Saudi and Omani companies "signed 13 memoranda of understanding worth $30 billion", the official Saudi Press Agency reported
- According to SPA, he will also visit the United Arab Emirates, Bahrain, Kuwait, and Qatar
Business
Pandemic turns out to be a boon for billionaires
The share of global wealth of the world's richest people soared at a record pace during the Covid pandemic, a...
- Since 1995, the slice held by billionaires has risen from one percent to three percent, according to the World Inequality Report
- The club of the richest one percent has taken more than a third of all additional wealth accumulated since 1995, while the bottom 50 percent captured just two percent
Business
Rohingya sue FB for $150bn
The complaint says Facebook's algorithms target susceptible users.
- Facebook has been sued by Rohingyas over allegations that it promotes disinformation and extremist thought against Muslims in Myanmar
- According whistleblower Frances Haugen statement, Facebook is "fanning ethnic violence" in some countries.
Interview
‘Saudi women entrepreneurs have it easier now’
Boundary-pushing journalist and entrepreneur Muna AbuSulayman tells TRENDS how things have changed for businesswomen in Saudi Arabia.
- Young entrepreneurs who have never worked before struggle severely, and their businesses fail early, says Muna AbuSulayman
- Influencers should create important and meaningful content for this new world and the new generations, she adds
Business
Evergrande to restructure debt
It also formed a risk committee before upcoming payment deadlines.
- The company's struggles to meet its commitments have fanned concerns about China's property sector
- The sector forms a substantial part of the world's second-biggest economy
Most Read
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
Global LNG demand to rise more than 50 percent by 2040: Shell
"Demand for natural gas has already peaked in some regions but continues to rise globally, with LNG demand expected to...
Business
Company News
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Al Mahhar to list on QSE
Business
Russia open to defense cooperation with several countries, says Putin
Moscow is open to equal defense cooperation with all nations seeking to protect their interests, Russian President Vladimir Putin said...
Geostrategy
Abu Dhabi, Dubai realty resilient despite surging inflation, interest rates
Abu Dhabi, UAE – Real estate markets of UAE capital Abu Dhabi and Dubai demonstrated resilience in the face of...
Business
Most Read
Arts & Culture
‘Barbie’ retains top spot at N.American box office for fourth week
Los Angeles, United States - Warner Bros.' hit "Barbie" dominated North American box offices for a fourth consecutive week, industry estimates...
- Industry watcher Exhibitor Relations estimated this weekend's haul for "Barbie" at $33.7 million, bringing its domestic total to $526 million.
- Starring Margot Robbie as the iconic doll and Ryan Gosling as boyfriend Ken, "Barbie" has earned a whopping $1.2 billion worldwide.
Business
ADNOC, Tabreed say breakthrough in project to harness geothermal energy
ABU DHABI, UAE – ADNOC and the National Central Cooling Company (Tabreed) on Monday announced a breakthrough following the conclusion...
- The landmark project, the first in the Gulf region, is set to decarbonize the cooling of buildings in Masdar City.
- The project will further diversify the UAE’s energy mix and support the National Energy Strategy 2050.
Business
RSG, Zain build carbon-neutral 5G network
The network runs on clean energy from world's largest carbon-neutral grid.
- This is made possible through the utilization of more than 750,000 solar panels, as well as through the implementation of purpose-designed towers for this network.
- RSG is the multi-project developer behind the ambitious regenerative tourism destinations, The Red Sea and Amaala.