Aquaterra gets UAE contract
Business
SPARK, Hutchinson Ports ink pact
Business
Chevron $53bn Hess deal in danger
Rivals' challenge to the control of a key oil asset can derail the acquisition.
Business
Business
Netflix buys first video game studio
The company has bought the California-based Night School Studio
- The company has bought the California-based Night School Studio
- Netflix had indicated its intention to venture into video games in July
Science
Amazon robot that can patrol homes
The tech giant cheered the "Astro" robot as a breakthrough for security
- The tech giant cheered the "Astro" robot as a breakthrough for security
- But digital watchdogs raised concerns for potential risks to people's most private moments
Business
United Airlines fires 593 workers
The employees refused to comply with a requirement to be vaccinated for Covid-19.
- The employees refused to comply with a requirement to be vaccinated for Covid-19
- Another 2,000 employees have also requested a medical or religious exemption to the vaccine requirement
Business
McDonalds Qatar warns of fake websites
The sites are advertising fake offers and requesting bank details.
- McDonald’s has reported this problem to the local authorities
- It is working closely with them to rectify the matter and take down these sites
Business
EZDubai starts four projects
It already has 1.3 million sq ft developed and handed over.
- EZDubai was launched in January 2019 by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum
- The 9,902,700 square-feet purpose-built ecommerce hub is designed to attract ecommerce companies
Business
Al Mazaya’s subsidiary to sell Saudi firm stake
First Dubai Real Estate Development Co. board cleared the $51.4m deal.
- The board also approved to set off its entire accumulated losses by reducing its capital to 74.129 million dinars from 100 million dinars.
- In May, Bait Al-Amar Al-Khaleeji General Trading and Contracting has purchased 60.029 million shares of Al Mazaya Holding.
Business
Qatar First Bank acquires office building in US
Fourteen555 is QFB’s eighth shariah-compliant real estate acquisition in the USA.
- The building becomes the first multi-tenant office addition to QFB’s now eleven-asset strong portfolio, the bank said.
- Major tenants of the building include billion-dollar revenue firms such as Moss Adams and Infor.
Business
Al-Nefaie named Seera Group CEO
He was appointed acting CEO of the group in April
- Majed bin Ayed Al-Nefaie succeeds Abdullah Al-Dawood.
- He has been the vice-president of the revenue department at Makkah Construction and Development Co.
Business
Mubadala mining JV unit sold
Matsa is a JV subsidiary of Mubadala and Trafigura.
- The deal is valued at €1.58 billion ($1.85 billion)
- It is expected to conclude in the first quarter of 2022
Business
Twitter to pay bitcoin tips
Twitter chief executive has endorsed digital currency
- Platforms like TikTok, Instagram and YouTube have built their popularity among young people in large part because of these social media stars
- Attracting and keeping creators and their audience has therefore become crucial for the tech companies battling to attract an audience—and advertising profits
Company News
Lordstown sues Foxconn
Business
Aquaterra gets UAE contract
Business
SPARK, Hutchinson Ports ink pact
Business
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Vodafone, Microsoft ink pact
Business
RTX engine issue to hit profit by $3.5bn
RTX said 600-700 engines will be removed for inspection.
Business
Care secures $93.3m Murabaha facility
The long-term facility was obtained from Gulf International Bank.
Business
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Business
Tabreed signs MoU with Indian state
Asia's largest district cooling PPP project in Hyderabad part of deal.
- The cooling infrastructure will potentially reduce over 200MW of peak electricity demand.
- The district cooling agreements are part of Telangana’s vision to become net zero by 2047.
Business
ENOC Group, Kawasaki renew partnership
The pact was signed through ENOC partner CKW Enterprises.
- The agreement grants Kawasaki access to ENOC Group’s advanced lubricants from top-tier mineral oils for regular bikes to fully synthetic oils designed for high-end bikes.
- ENOC said the new products meet an array of standards including, API SP and JASO T903: 2023 MA-2, guaranteeing best-in-class oil thickening and wear protection.
Business
Masdar, Africa50 sign MoU
The aim is to speed up clean energy transition in Africa.
- Masdar brings its technical expertise and extensive experience in emerging markets and will work with Africa50 to bridge the infrastructure funding gap.
- Africa50 brings its skill in developing projects in the continent and which, combined with Masdar, can help unlock clean energy potential.