Gold, bitcoin pull back from records as US stock markets slip
On Wall Street, the Dow and the S&P 500 both finished 1.0 percent lower, while the tech-rich Nasdaq composite ended...
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
Business
Saudi Arabia, Oman ink 13 business deals
The deals were inked by Oman Investment Authority firms with Saudi counterparts as Saudi Crown Prince Mohammed bin Salman visited.
- OQ signed three MoUs in the fields of petrochemicals, renewable energy and green hydrogen sector
- In the field of dry dock and logistic services, Asyad signed an MoU with a Saudi shipping company
Business
Israel brings new law on cyber exports after Pegasus scandal
An updated Israeli end user certificate issued Monday, to be signed by buyers, listed terrorism as including offences committed with...
- An agency for military exports liked to Israel’s defense ministry put out the law
- It specified that a foreign state seeking a cyber or intelligence system must only use it to combat terrorism and ‘serious crimes’
Business
DEWA launches EV Green User Dashboard
The EV Green Charger User Dashboard allows customers to manage multiple EV Green Charger cards, and pay their bills.
- The dashboard enables customers to track their charging and consumption data through DEWA’s website/smart app
- DEWA provides its EV Green Charger service to all electric vehicle users in Dubai, including local and international visitors
Business
Natixis of France to fund ACWA Power projects with $2bn
Natixis Corporate and Investment Banking of France has signed an agreement to finance ACWA Power projects over the next two...
- The MoU will allow both parties to “explore opportunities to develop new projects in the region,”
- Natixis has previously underwritten some of the Saudi-listed firm’s high-profile renewable projects, including the Sakaka solar project
Infographics
Time to decrypt internet speed in Arab world
This week's TRENDS infographic tries to find out where do Arab countries stand in terms of the speed of broadband...
- The internet connectivity is a cornerstone to business, education, financial literacy, access to employment and health care through telemedicine
- This TRENDS infographic tries to find out where do Arab countries stand in the latest Speedtest index.
Business
Tadawul shares set to trade, after huge investor interest
After evoking a huge interest in investors, shares of Tadawul group will begin trading on the main market on Wednesday,...
- The individual subscribers tranche of Tadawul’s initial public offering was 442.53 percent oversubscribed with a total demand of SR5.02 billion ($1.3 billion)
- The stock exchange group was offering 10.8 million shares to individual investors, or 30 percent of the total offer shares at a final price of SR105
Arts & Culture
Curtain goes up on first Saudi film festival
Less than four years after lifting a ban on cinemas, Saudi Arabia is to host its first major film festival...
- Movie houses were barred for decades until April 2018, but over the next 10 days, actors and directors will tread the red carpet at Jeddah's Red Sea International Film Festival
- It will showcase 138 long and short films from 67 countries in more than 30 languages
Business
Jordan olive festival clocks sales of $4.23m
The sales of the 10-day festival included olive oil and various rural products, in addition to production kitchens.
- The festival was conducted in cooperation with the Ministry of Agriculture and several local and international partners
- In all, 263,458 people visited the event this time
Company News
Latest News
BRICS secures 47% global oil with Saudi Arabia, UAE, Iran inclusion
Tehran, Iran - The inclusion of Saudi Arabia, the UAE, and Iran, will significantly increase BRICS’ weight in the oil...
Economy
DP World to invest $510m to develop mega-container terminal in India
New Delhi. India - DP World on Friday signed a concession agreement with the Deendayal Port Authority to develop, operate...
Economy
Rising data breach hits Middle East’s financial sector
In 2023, data breach costs in the Middle East soared to $8 million, marking a 155.9% rise over a decade,...
Business
Most Read
Business
Bing, LinkedIn vow more ads transparency
It comes as EU rules on tech platforms enter into force.
- Internet giants must now enforce the milestone EU's Digital Services Act (DSA), which demands they protect users online from harmful content.
- Microsoft-owned LinkedIn said in a blog post they had implemented this change for the desktop and mobile version of the network.
Economy
US Federal Reserve prepared to raise interest rates further
The US Federal Reserve is prepared to raise interest rates higher - and hold them there - to bring down...
- After 11 rate hikes in less than 18 months, the US benchmark lending rate now sits at a range between 5.25 and 5.5 percent - its highest level for 22 years.
- The rapid cycle of interest rate increases has failed to definitively quash inflation, which remains stuck above the Fed's long-term target of two percent.
Geostrategy
All eyes on tech firms as strict EU digital rules come into effect
The landmark Digital Services Act (DSA) compels tech companies to better police content to protect European users against disinformation and...
- The first phase of the regulation affects 19 "very large" digital platforms including social media networks, websites and online retailers with at least 45m monthly active users.
- They are: Alibaba AliExpress, Amazon Store, Apple AppStore, Booking.com, Meta-owned Facebook and Instagram, Google's Maps, Play, and Shopping, LinkedIn, Pinterest.