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Business
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Adani Green says it’s winning investor backing as profit jumps
Adani Green Energy Ltd., billionaire Gautam Adani’s clean energy arm, insisted it’s won the backing of investors in recent days amid a stock rout ... Business -
Saudi Arabia eyes more fixed-rate debt as borrowing costs jump
Saudi Arabia is considering borrowing more in currencies besides the dollar this year as it focuses on refinancing to reduce the portion of its ... Economy -
Second edition of LEAP technology conference opens in Saudi Arabia
The second edition of a major technology conference has opened in Riyadh, with representatives from companies including Snap, Aramco, and Zoom due to ... Technology -
Oil gains ground as traders size up weaker dollar, China outlook
Oil staged a partial rebound after slumping on Wednesday as the US dollar fell and traders weighed the potential for better demand in China.For the ... Energy -
Airbus and Qatar Airways settle A350 dispute
Airbus and Qatar Airways have settled a dispute over the degraded surface of grounded A350 jets, Airbus said on Wednesday, averting a potentially ... Aviation & Transport -
Top US Treasury official to visit Middle East countries to ensure sanction compliance
The US Treasury Department’s top sanctions official on a trip to the Middle East next week will warn countries and businesses that they could lose US ... Middle East -
Saudi Arabia sees surge in expats as the Kingdom attracts foreign business
Professional expatriates are streaming into Saudi Arabia as the Kingdom eases visa rules and continues to attract foreign business.For the latest ... Saudi Arabia -
Iraqi central bank chief leaves post amid currency volatility
Iraq’s prime minister said on Monday the country’s central bank governor had been relieved of his duties as the local currency continues to fall ... Economy -
Lazard appoints al-Khatib as MENA investment banking CEO
Investment bank Lazard Ltd said on Monday it hired Wassim al-Khatib as chief executive officer of the bank’s investment banking business for the ... Business -
Oil climbs as traders weigh China demand outlook, Russian supply
Oil rose on expectations of rising demand in the wake of China’s reopening, while the US dollar eased and risks to Russian energy supplies came into ... Energy -
Egypt signs $1.5 bln financing agreement with ITFC: Report
Egypt has signed a $1.5 billion financing agreement with the International Islamic Trade Finance Corporation (ITFC) to fund its trade needs, including ... Business -
Three Kuwaiti ports resume operations after suspension due to bad weather
Kuwait Ports Authority resumed maritime operations at three ports on Sunday after suspending them temporarily earlier in the day due to bad weather, ... Gulf -
Public-private cooperation key to resilient supply chains: Saudi investment minister
Cooperation between public and private entities, as well as across borders, is key to resilient supply chains, Saudi Arabia’s Minister of Investment ... Economy -
First batch of Saudi students graduates from ministry coffee training program
The first batch of students has graduated from a ministry-sponsored program to train Saudis how to prepare coffee at a high level.For the latest ... Business -
Meta and Apple fall off Glassdoor’s list of 100 best places to work
Glassdoor’s list of 100 best places to work in 2023 is dominated by tech companies, but this year two regular winners didn’t make the cut: Apple and ... Technology -
Amazon restructures UK warehouse operations
Amazon is to restructure its warehouse operations in the UK, a move that will impact jobs, the US online retail giant announced Tuesday.For the latest ... Technology -
Rolls-Royce says super rich keep on buying luxury cars
A cooling economy isn’t stopping the very wealthy from buying a Rolls-Royce.For the latest headlines, follow our Google News channel online or via the ... World News -
Oil rallied at the start of the week on hopes of renewed Chinese crude buying
Oil rallied at the start of the week on hopes of renewed Chinese crude buying and as the dollar extended its decline.For the latest headlines, follow ... Energy -
GCC economies’ robust growth to fuel global real estate investment in 2023: Report
As economies in the Gulf Cooperation Council (GCC) continue to grow throughout 2023, regional investors’ appetite for global real estate investment is ... Economy -
Vice Media Group to open new Riyadh headquarters
Vice, known for its edgy journalism targeting a young demographic, has announced it will open a new regional headquarters in Riyadh.For the latest ... Business -
UK business brace for falling profits as 2023 recession looms
UK business confidence is lingering near the lows it touched in the coronavirus pandemic as companies braced for falling profit during a recession in ... Economy -
Israel names new finance ministry chief as 2023 budget work starts
Israeli Finance Minister Bezalel Smotrich on Wednesday named attorney Shlomi Heisler as director general of the finance ministry.For the latest ... Economy -
Wall St set to open higher as jobless claims data calm rate hike worries
Wall Street’s main indexes were set to open higher on Thursday as data pointing to signs of a cooling labor market eased worries over future interest ... Financial Markets -
Tesla’s worst-ever year brings $17 bln windfall for shorts
Investors betting against Tesla Inc. are getting the big bonanza they have been waiting for, with the electric-vehicle maker set to record its worst ... Financial Markets -
New US committee to scrutinize outbound investments into China
The chairman of a new congressional committee on China says he plans to focus scrutiny on US investments in the country, amid broader concerns about ... Economy -
Ardian, Mubadala Capital in $2.1 bln private equity partnership
Paris-based private equity fund Ardian and Abu Dhabi state investor Mubadala’s asset management arm said on Thursday they were forming a $2.1 billion ... Financial Markets -
Dubai is a new hotspot for bankers chasing IPO deals
In a year that’s seen the worst slump in initial public offerings since the financial crisis, investment bankers covering deals in the Middle East are ... Financial Markets -
Dubai property tycoon’s bet on fast food cements billionaire status
Mohamed Alabbar is best known as the founder of a Dubai real estate firm that built the world’s tallest skyscraper, but it’s an investment in fast ... Financial Markets -
Saudi Arabia says $50 bln investments agreed at China summit
About $50 billion of investment agreements were signed during the China summit held in Saudi Arabia last week, the Kingdom’s investment minister said, ... Business -
China’s trade shrinks sharply as feeble demand, domestic COVID-19 woes take toll
China’s exports and imports shrank at a much steeper-than-expected pace in November, as feeble global and domestic demand, COVID-induced production ... Economy