Results for
Business
177 Results-
Citi launches tech hub in Bahrain to develop its digital platforms
Citi launched on Monday a global technology hub at its Bahrain offices, the first of its kind in the region and with the aim of employing 1,000 coders ... Business -
ADNOC increases size of drilling unit IPO
The Abu Dhabi National Oil Company (ADNOC) will increase the number of shares in the initial public offering (IPO) of its drilling unit to 11 percent ... Energy -
US solar companies warn that proposed tariffs would devastate new projects
A US solar industry group warned on Wednesday that tariffs on imported panels from three Asian countries would jeopardize nearly 30 percent of the ... Energy -
Saudi real estate market expanding at ‘unprecedented rate,’ mortgages up 10-fold
Saudi Arabia’s real estate market experienced exponential growth with residential mortgages up ten-fold in H1 2021 compared to its corresponding ... Gulf -
Chinese regulators pledge tighter supervision, new rules for finance industry
Chinese officials pledged to tighten supervision in the financial services industry, suggesting a recent regulatory onslaught on the private sector ... Banking & Finance -
Wall Street and China to revive talks in hunt for common ground
A contingent of Wall Street veterans and high-level Chinese government officials are seeking to open up talks again, as business leaders work outside ... Financial Markets -
Dubai’s Emaar Properties reports drop in Q2 profit, H1 property sales hit record
Emaar Properties, Dubai’s biggest listed property firm, posted a 17 percent drop in quarterly profit, after a one-off asset sale boosted profit a year ... Business -
Kuwait Investment Authority appoints new interim managing director: Source
The Kuwait Investment Authority (KIA), the Gulf country’s sovereign wealth fund, has appointed Badr al-Ajeel as interim managing director pending a ... Economy -
Saudi Sports Company signs advertising deal with MBC
A new network of Saudi sports channels has signed an advertising deal with MBC Media Solutions (MMS), the sales unit of MBC Group of which Al Arabiya ... Business -
Dubai buy now, pay later app Tabby raises $50m in series B funding round
Buy now, pay later platform Tabby has raised $50 million in a series B funding round, bringing its total funding to more than $130 million raised in ... Business -
S&P cuts Kuwait’s rating, citing lack of deficit-financing strategy
Ratings agency S&P Global Ratings cut Kuwait’s rating by one notch citing the Gulf state’s lack of a funding strategy to finance its deficit.Hit hard ... Economy -
Saudi-based companies licensed in military industries grow by 41 pct in 2021
Companies licensed by Saudi Arabia’s General Authority for Military Industries (GAMI) have increased by 41 percent, reaching 99 by the end of the ... Economy -
Ransomware attacks on UAE businesses rose during pandemic: Report
Cybersecurity firm Cybereason released a report on Wednesday which found that 37 percent of its surveyed companies in the United Arab Emirates had ... Technology -
UAE ranks first in MENA for overall business skills: Report
The United Arab Emirates ranked first in the Middle East and North Africa region (MENA) and second globally in overall business skills, online course ... Gulf -
US-China trade relationship significantly imbalanced: Trade representative
The trade relationship between the two largest economies in the world has “significant imbalance” and the Biden administration is committed to ... Economy -
Consumer confidence declines to record low in India: RBI survey
Indian consumers’ confidence is plumbing new lows, adding to a string of grim data in an economy clobbered by the world’s worst coronavirus ... Economy -
India may need to borrow $22 bln more to pay states
India may need to borrow more for a second straight year to compensate its states for their revenue loss due to a shortfall in a nationwide ... Economy -
Erdogan to ‘test waters’ in call with top US execs this week: Sources
President Tayyip Erdogan will meet executives from some 20 large US companies on Wednesday to discuss investing in Turkey, three sources told Reuters, ... Middle East -
Saudi tech startup Jahez picks HSBC for IPO
Saudi food delivery firm Jahez has hired HSBC Holdings Plc’s local unit to help manage what could be the first listing by a tech startup in the ... Technology -
Saudi Arabia has world’s third-highest share of female entrepreneurs: Report
Saudi Arabia has the third-highest percentage of women holding entrepreneurial roles, according to a report by London-based Global Entrepreneurship ... Gulf -
Huawei sees rise in 2020 sales despite US sanctions
Chinese tech giant Huawei said Wednesday it eked out a gain in sales and profit last year but growth plunged after its smartphone unit was hammered by ... Technology -
Rolls-Royce plunges to $5.6 bln loss in 2020
British engine-maker Rolls-Royce plunged to a worse than expected 4-billion-pound ($5.6 billion) loss in 2020 as the pandemic stopped airlines flying, ... Economy -
Saudi wealth fund PIF to support corporate credit growth: S&P
Investments by Saudi Arabia’s wealth fund Public Investment Fund (PIF) will support credit growth among companies in the kingdom, ratings agency S&P ... Economy -
India seeks investment for vaccine production to match China’s push-source
India has urged the United States, Japan and Australia to invest in its vaccine production capacity, an Indian government source told Reuters, as the ... Coronavirus -
TikTok parent company set to develop Clubhouse-like app for China: Sources
TikTok owner ByteDance is working on a Clubhouse-like app for China, sources familiar with the matter said, as the global success of the US-based ... Technology -
Two Saudi companies acquire 51 percent of UK-based fashion retailer VogaCloset
Two Saudi Arabian companies have acquired a 51 percent stake in UK-based online fashion retailer VogaCloset.For the latest headlines, follow our ... Economy -
German companies expect pandemic restrictions to last until mid-Sept: Survey
German companies expect coronavirus restrictions to last until mid-September, with a normalization of their own businesses only seen at the end of ... Coronavirus