ADIB, ADIO to fund businesses
Business
PIF to set up pharma firm Lifera
Business
US downs three Houthi drones, strikes anti-ship missiles
Yemen's Iran-backed Houthis have been targeting shipping for months and their attacks have persisted despite repeated American and British strikes...
Apple’s iPhone 13 set to capture 5G potential
Apple Inc today revealed iPhone 13, Series 7 smart watch, and an iPad Mini with 5G connectivity. The iPhones will...
- iPhone 13 will have custom 5G antennas and radio components
- The Series 7 smart watch will feature a larger display and will start at $399
Business
UCAC gets nod to amend insurance practice
The company had sought Saudi Central Bank's approval for the amendment.
- After approval, the UCAC would be limited to the practice of insurance activity only.
- In a bourse filing on Sunday, the company said it will reduced accumulated losses to SAR 113.6 million.
Business
Some Facebook rules exempt VIPs
The program, "XCheck," shields millions of elite users
- The program, referred to as "XCheck," shields millions of elite users
- Facebook spokesman Andy Stone in a series of tweets defended the program
Business
Apple fix for Pegasus breach
Researchers found the problem while analysing a Saudi activist's phone
- Researchers found the problem while analysing a Saudi activist's phone
- Hours after releasing the fix, Apple said it had "rapidly" developed the update
Business
Apicorp to allot $1bn for green energy
The bank will make the investment over the next two years.
- Currently, green assets comprise more than 13 percent of the bank’s overall portfolio
- This is equal to around $550 million in loans and direct investments
Business
Adnoc Drilling sets IPO share price
The initial price is set at AED2.30 (around $0.63) per share.
- The subscription period for the Adnoc Drilling IPO will close on September 23 for UAE retail investors
- It will close on September 26 for qualified domestic and international institutional investors
Business
Knight Frank strengthens UAE team
The company hires two members for Industrial and Logistics.
- Company credits Maxim Talmatchi, who was hired as manager and co-head of Industrial and Logistics, with 300 successful transactions.
- Dumitru Mamaliga, hired as industrial surveyor, has focused in the industrial and logistics sector in the UAE since 2017.
Kuwait Airways to resume New York flight
The destination is in high demand from business travelers, tourists.
- Two kinds of aircraft will be operated for the route.
- The airways has resumed operations from various destinations.
DGCX, Zimbabwe exchange ink pact
DGCX will extend technical support and skills to VFEX.
- The aim of the agreement is to establish an international commodities exchange in Zimbabwe.
- The one-year agreement was signed during the visit of a high-level Zimbabwean ministerial delegation.
Business
Lanzone is new Yahoo boss
Yahoo has been gradually supplanted by titans like Google
- Yahoo has been gradually supplanted by titans like Google and was bought this year by private equity firm Apollo Global Management in a deal for Verizon's media properties.
- Yahoo remains popular with internet users, particularly for its financial and sports news, and claims 900 million monthly users.
Company News
ADNOC L&S gets new VLCC
Business
ADIB, ADIO to fund businesses
Business
PIF to set up pharma firm Lifera
Business
Latest News
Jamjoom Tadawul debut on Jun 20
Business
Bupa renews contract with SABIC
Business
L’Occitane shares nosedive
Shares dropped 29% after talks on taking the firm private called off.
Business
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Business
Turkish Airlines orders 10 A350 Airbus
The airline disclosed no financial details in a statement.
- Turkish Airlines now has 14 A350-900s and 20 Boeing 787-9 Dreamliners, which is the European jet's main competitor in the long-range.
- An A350-900 was worth 317.4 million euros ($343 million) in 2018, when the aircraft manufacturer's price catalogue was last released.
Business
Mubadala, Petrobras sign MoU
The two parties will explore potential investment in a biofuel project.
- The biofuel project currently being developed by Mubadala Capital in the State of Bahia, Brazil.
- The MoU builds on biorefinery project to produce renewable diesel and sustainable aviation fuel derived from Macauba, a native Brazilian crop.
Business
Emirates NBD invests in Komgo
The equity investment was made by Emirates NBD's Innovation Fund.
- Emirates NBD's corporate venture capital arm will enable the Group to invest in tech start-ups and companies supporting its digital strategy.
- Komgo has diverse customer base that includes more than 200 multinational corporations and global trade banks.