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Airbus hopes for ‘amicable solution’ in Qatar plane dispute
Airbus hopes to reach an amicable solution in a row with Qatar Airways over damage to the surface of A350 passenger jets, Chief Executive Guillaume ... Aviation & Transport -
Abu Dhabi’s Etihad signs letter of intent for seven Airbus A350 cargo planes
Abu Dhabi’s Etihad Airways on Wednesday signed a letter of intent to order seven Airbus A350 freighter aircraft, European planemaker Airbus said at ... Aviation & Transport -
Airbnb posts $55 million 4Q profit, revenue above 2019
Airbnb reported a $55 million profit for the fourth quarter, reversing a huge loss a year earlier, as its revenue soared above pre-pandemic levels.For ... Business -
UAE’s Tabreed considers expansion in Egypt, Gulf markets: CEO
Dubai-listed National Central Cooling Company PJSC (Tabreed) is considering an acquisition in Oman and expanding into Egyptian and other Gulf markets, ... Energy -
Apollo to invest $1.4 bln in Abu Dhabi developer Aldar
Apollo Global Management will invest $1.4 billion in Abu Dhabi developer Aldar Properties, including a land joint venture and an equity investment in ... Economy -
ADQ, STV invest in Saudi-based Uber-like service for trucks
Saudi Arabia-based TruKKer, which offers Uber-like services for trucks in the Middle East and elsewhere, said on Monday it has raised just under $100 ... Business -
UAE, Indonesia say trade deal could be signed next month
The United Arab Emirates and Indonesia are close to finalizing a trade and investment deal after months of negotiations and could sign an agreement in ... Gulf -
Twitter posts net loss of $221 mln for 2021, but stock up on share buyback
Twitter’s shares jumped in early trading Thursday after it posted strong revenue growth last year and announced a $4 billion share buyback program. ... Banking & Finance -
L’Oreal 2021 sales reach record high as effects of COVID-19 wane
L’Oreal SA sales reached a record high last year as the cosmetics company staged a full recovery following a lengthy COVID-related slowdown.Sales for ... Banking & Finance -
Four Saudi women listed in Forbes top 50 most powerful businesswomen
Four Saudi women made it to this year’s Forbes list of top 50 most powerful businesswomen, which featured women from 19 countries and 17 sectors.For ... Gulf -
UAE’s MIPCO to issue over $1 billion bonds for refinancing, desalination project
Mirfa International Power and Water Company (MIPCO), majority owned by Abu Dhabi’s TAQA, is planning a bond sale of more than $1 billion to refinance ... Energy -
New York Times buys Wordle in push to expand games business
The New York Times acquired Wordle, adding the popular daily word phenomenon to the newspaper company’s expanding portfolio of games and puzzles.For ... Business -
Saudi Aramco signs 50 agreements during IKTVA conference
Saudi Aramco has signed 50 agreements during the sixth IKTVA (In-Kingdom Total Value Add Program) in Dhahran, the company said.For the latest ... Energy -
Suez Canal expansion project expected to finish in July 2023: SCA chairman
A project to expand parts of the Suez Canal is expected to be completed after two years of work in July 2023, the chairman of the Suez Canal Authority ... Middle East -
Reddit confidentially files to go public
Social media platform Reddit said on Wednesday it had confidentially filed for a proposed initial public offering (IPO) with the US Securities and ... Financial Markets -
UAE to allow establishment of acquisition companies
The United Arab Emirates will allow the creation of companies for acquisition or merger purposes, the Economy Ministry said on Twitter.For the latest ... Business -
Dubai’s Sheikh Mohammed issues decree to reconstitute free zones council
The ruler of Dubai, Sheikh Mohammed bin Rashid al-Maktoum, on Monday issued a decree to reconstitute the board of the Dubai Free Zones Council, state ... Economy -
Saudi Tadawul Group sets price range for IPO at $25 to $27 per share
Saudi Tadawul Group sets a price range for its initial public offering at $25 (95 SAR) to $28 (105 SAR) per share, Al Arabiya reported.For the latest ... Gulf -
Al Habtoor Group targets listing of 35 pct: Report
Al Habtoor Group plans to list up to 35 percent of its shares in an offering planned for the third quarter of 2022, the chairman of the Dubai-based ... Financial Markets -
Amethis completes minority investment in language technology & services firm Tarjama
Investment fund manager Amethis has announced the completion of its second transaction after acquiring a minority stake in Tarjama, a leading language ... Digital -
China industrial output, retail sales accelerate but property clouds outlook
China’s industrial output and retail sales grew more quickly than expected in October, despite fresh curbs to control COVID-19 outbreaks and supply ... World News -
Dubai Holding weighing IPO of TECOM Group: Sources
Dubai Holding, the investment vehicle of Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum, is weighing an initial public offering of business park ... Business -
The UAE aims to have 20 unicorns by 2031: Official
The United Arab Emirates aims to become home to 20 so-called unicorns by 2031, Minister of State for Entrepreneurship and SMEs, Ahmad al-Falasi, told ... Business -
UAE allows federal entities to establish development funds: Report
The United Arab Emirates will allow government entities to create their own development funds, the state news agency said on Tuesday, citing an ... Gulf -
Demand for office space in Riyadh rises after efforts to attract company HQs
Demand for high-quality offices in Riyadh has increased after Saudi Arabia said foreign firms should move their regional headquarters there to be able ... Gulf -
New board of directors appointed for Dubai Financial Market: Official
Dubai appoints a new board of directors for the Dubai Financial Market headed by Helal al-Marri, the emirate’s Deputy Ruler wrote on Twitter.Read more ... Financial Markets -
Volvo shares soar after company’s IPO
Shares of the Swedish car brand Volvo debuted Friday on the Stockholm stock exchange, with the price rising sharply in early trading.For the latest ... Financial Markets -
Saudi push on company headquarters showing success: Official
Saudi Arabia’s push for firms to set up regional headquarters in Riyadh is proving successful and is not aimed at dismantling corporate operations ... Gulf -
Abu Dhabi fund Mubadala unit acquires a US franchisee of Taco Bell
A unit owned by Abu Dhabi state fund Mubadala Investment Company has acquired one of the biggest franchisees of Taco Bell Corp in the US, according to ... Business -
Dubai announces portfolio of projects worth $6.8 billion
The government of Dubai on Sunday announced a diversified portfolio of public-private partnership (PPP) projects worth more than $6.81 billion (25 ... Business