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Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Bosch to cut 13,000 jobs

This is a blow to Germany's ailing car sector.

Aldar ups stake in Aldar Estates

Acquires Modon Holding’s 17.45% stake

Oracle shares up 35%

Huge AI contracts lead to the surge.
  • Iraq keen to benefit from Egypt: Central Bank Governor

    Iraq is keen to benefit from the Egyptian Investment Authority, the Governor of Iraq’s Central Bank Mustafa Ghaleb said on...

    Iraq’s Central Bank Governor Mustafa Ghaleb met Mohamed Abdel Wahab, CEO of the Egyptian General Authority for Investment and Free Zones

    Mustafa Ghaleb praised "the development witnessed by the Arab Republic of Egypt in all sectors, especially the business and investment sector"

  • Palestinian PM calls for Israel’s exclusion from African Union

    Palestinian prime minister Mohammed Shtayyeh has urged the African Union to withdraw Israel's observer status as heads of state from...

    The relationship with Israel is a rare point of contention for a body that values consensus and is expected to dominate the Addis Ababa summit

    The dispute erupted last July when Moussa Faki Mahamat, chair of the African Union Commission, accepted Israel's accreditation to the bloc

  • Saudi Crown Prince, Egypt’s al-Sisi attend Xi Jinping’s banquet

    Saudi Arabia's Crown Prince Mohammed bin Salman and Egypt's President Abdel Fattah al-Sisi attend the banquet hosted by Chinese President...

    Dozens of dignitaries were treated to musical performances and a traditional handicrafts display alongside the meal at the Great Hall of the People

    This week's meetings are a striking change for Xi, who has avoided traveling abroad or meeting foreign visitors face-to-face since the start of the Covid-19 pandemic in 2020

  • Amman, Doha discuss creating job opportunities for Jordanians

    The meeting was participated by the ministers of education, higher education, tourism, interior, health, digital economy, investment etc.

    The meeting was participated by the ministers of education, higher education, tourism, interior, health, digital economy, investment etc

    It covered the linking of the Qatar platform with the Sajil platform in Jordan to hire thousands of Jordanians on the initiative of Emir of Qatar Sheikh Tamim bin Hamad Al Thani

  • Task Force explores options to ban trade with illegal Israeli settlements

    The Brussels-based European Coordination of Committees and Associations for Palestine (ECCP) is an “Inter-Parliamentary Task Force to Promote Palestinian Human...

    The Task Force heard from several speakers who have been leaders in pushing for legislative initiatives to limit or prohibit trade with illegal colonial settlements

    The international community opposes annexation and considers illegal settlements to be an obstacle to international peace and stability

  • US waives sanctions for Iran civil nuclear program

    The resumption of the waiver, ended by the Donald Trump administration in 2020, ‘would be essential to ensuring Iran's swift...

    The step came as talks to restore the 2015 Joint Comprehensive Plan of Action, or JCPOA, were at an advanced stage

    The talks, being held in Vienna, include Iran, the United States, Britain, China, France, Germany and Russia

  • GCC leaders witness KSA’s debut in Winter Olympics

    Key regional leaders were present as Saudi Arabia on Friday made its first appearance at the Winter Olympics after alpine...

    Saudi Arabia makes its first appearance at the Winter Olympics after alpine skier Fayik Abdi qualified to compete in Beijing 2022

    Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani and Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed attended the event

  • UAE to receive help from France to secure its airspace

    France said Friday it will help its ally the United Arab Emirates secure its airspace following drone and missile attacks...

    The UAE announced the interception and destruction on Wednesday of three "hostile drones", which follows three previous drone and missile attacks claimed by Yemen's Houthi rebels

    The UAE's staunch ally the United States has deployed a warship and fighter planes to help protect the Middle East financial and leisure hub

  • Beijing Olympics opens amidst rights concerns, Covid, diplomatic boycotts

    China's President Xi Jinping declared the Beijing Winter Olympics open Friday as China tried to turn the page on a...

    The US, Britain, Canada and Australia are among countries staging a diplomatic boycott of the Games over China's rights record, particularly the fate of the Uyghurs.

    There are also environmental concerns about holding a Winter Games in one of the driest places in China and on almost entirely man-made snow.

  • Denmark court convicts Iranians of spying for Saudi Arabia

    A Danish court on Friday convicted three leaders of an Iranian Arab separatist group based in the Scandinavian country of...

    The three, aged 40 to 51 and one of whom is a Danish citizen, are members of the separatist organization ASMLA (Arab Struggle Movement for the Liberation of Ahvaz)

    Their sentencing will be announced in March. They face up to 12 years in prison

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