Huawei revenues down 29%
Huawei is the world's biggest supplier of telecoms network gear.AT&T, Verizon defy 5G block
The US had asked them to delay 5G rollout by 2 weeks.Emaar Development CEO resigns
Bader Hareb resigned with effect from December 30 for ‘personal reasons.’Tesla recalls 700,000 vehicles
Around 200,000 were recalled in China, after 500,000 in the US.Ikea to hike prices by 9%
The hike is due to pandemic-fueled supply-chain snarls.EGA repays Al Taweelah loan
The repayment four years and seven years early totaled $361 million.NMDC wins $354m contract
The contract is for the Shamal Development marine works.Samsung eyes Biogen for $42bn
Biogen is known for its Alzheimer’s drug Aduhelm.Multiply to invest in Getty Images
The deal is expected to close in the first half of 2022.Etihad signs China deal
The airline will work with the Henan Province Airport Group.Jordan bank plans acquisition
Central Bank will acquire the Societe Generale Bank Jordan.Evergrande vows to deliver homes
The Chinese real-estate firm has $300 billion in liabilities.Grankraft to invest in Hamriyah
Grankraft has leased 323,000 sq ft of land in the free zone.McDonald’s Japan rations fries
It will sell only small-sized French fries for a week.Russia fines Google, Meta
The regulator said Google, Meta had "ignored multiple demands”ADQ taps Etihad for services
The terms of the transaction were not disclosed.Mubadala, G42 plan campus
The biopharma campus is expected to be set up in Abu Dhabi.China Mobile eyes Shanghai IPO
China Mobile is set to raise $7.64 billion in share listing.$44.92m EDB, FAB loan for Lamprell
The facility is in line with EDB's strategy to support large corporates.IHC acquires stake in Al Qudra
The acquisition is part of Al Qudra's diversification strategy.Rossi appointed Acer Mideast VP
Michele Montecchio was appointed as Country Manager for the Middle East.Omantel pushes for 5G adoption
The Oman-origin telecom firm has signed a deal with Optiva for this.MYCRANE expands to India
The Dubai firm has appointed an exclusive pan-India franchisee.Ajman Free Zone partners with AlHabbai
One of the pact's aims is easing access to residence visas.FedEx turnover rises to $23.5 bn
E-commerce growth has benefited the company.Aldar-ADQ grp to buy SODIC share
The Abu Dhabi based consortium will focus on identifying growth opportunities and guiding the company’s long-term strategy.Dubai South and Huawei ink deal
The pact entails building smart transportation ecosystem.Reddit to go public
Reddit submits draft registration with the USSEC.QA arm expands Gulfstream fleet
Qatar Executive is a business-jet subsidiary of Qatar Airways.Qantas picks Airbus over Boeing
Boeing currently supplies much of Qantas' domestic fleet.Borouge and ADNOC sign agreement
ADNOC L&S will manage integrated logistics for Borouge.DP World, Congo to develop Banana Port
The Port is likely to save time and cost for the country’s trade.Chimera Capital fund closes at $75m
The company's first venture capital fund exceeds initial target.Mubadala and AD Gaming sign MoU
Both will cooperate to build a gaming and esports ecosystem in UAE.Lockheed appoints Chief Executive for ME
Lockheed Martin has appointed retired U.S. Army Gen. John W. Nicholson as their new Chief Executive for the Middle East.EDB, Jetro ink investment deal
The agreement will promote direct investment in various fields.Al Tamouh, Al Qudra merger okayed
International Holding Company has formally agreed to the merger.Empower lists on DFM
Empower is the world’s largest district cooling services provider.Jahez to raise $428m through IPO
HSBC is the financial advisor of the Saudi online food delivery startup.DP World adds LatAm infra
It will add warehouses in Ecuador and the Dominican Republic.American Airlines trims flights
The US carrier is waiting for the new Boeing 787 DreamlinersMubadala acquires stake in Sibur
This is the company's largest investment in Russia yet.Etihad and ITA Airways sign pact
Codesharing agreement to boost travel and tourism between Italy and UAE.Mubadala invests in US-based Medallia
Medallia captures experience data from customers and employees.Google shuts cybercrime ring
The ring had infected 1 million devices to carry out its work.Aramco taps L&T for Saudi facility
Spread over 120,000 square meters of area, the facility which is to construed by L&T aims to create crucial equipment for several industries such as power, oil and gas.Tecom to be listed on DFM
It is part of a strategy to help DFM reach the AED3-trillion markNestle sells €8.9bn L’Oreal shares
Around 22.26 million shares were sold for €400 each.Aramco lands $15.5bn Blackrock deal
The deal creates the Aramco Gas Pipelines Company.Instagram tightens teen defenses
The app will be stricter about what it recommends to teen users.




















































