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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.
  • Middle East and Africa smartphone shipments surge 30% YoY in Q4 2023

    Dubai, Riyadh - Smartphone shipments in the Middle East and Africa (MEA) region witnessed a remarkable surge, growing by 30% year-over-year (YoY) and 9% quarter-over-quarter (QoQ) in the final quarter of 2023, according to Counterpoint’s Market Monitor Service.  The MEA region demonstrated the highest YoY growth globally during this period,...