Browsing: Business

Leading petrochemical company, Borouge, known for its innovative polyolefin solutions, has announced the opening of new offices in Kenya and South Korea. This strategic move aims to expand the company’s market presence in high-growth regions. The expansion marks a significant step

In a strategic move aimed at bolstering their presence in the burgeoning Asia Pacific market, Goldman Sachs and Mubadala Investment Company have inked a landmark $1 billion partnership agreement. The deal, structured as a separately managed account, will see Mubadala and Goldman Sachs

Ebay, a major player in e-commerce, has reportedly made substantial changes within its Web3 division, resulting in a significant downsizing. Approximately 30% of the division’s employees have been laid off, including a key figure, David Moore, founder of Knownorigin, an NFT

In a groundbreaking move, Egypt and the United Arab Emirates (UAE) have inked a historic investment partnership agreement aimed at transforming the Ras al-Hikma peninsula, situated west of Alexandria, into a premier global destination. This monumental deal, heralded as one

The General Administration of Abu Dhabi Customs has reported a remarkable surge in digital customs transactions across the ports of the Emirate of Abu Dhabi in 2023. This surge amounted to an impressive 72% growth compared to figures from 2022, marking a

The General Administration of Abu Dhabi Customs has reported a remarkable surge in digital customs transactions across the ports of the Emirate of Abu Dhabi in 2023. This surge amounted to an impressive 72% growth compared to figures from 2022, marking a

European stock markets experienced a lackluster performance on Tuesday, reflecting the ongoing struggle to uplift sentiment amidst global market uncertainties. The pan-European Stoxx 600 index remained relatively flat, edging down by 0.1% as of 1:20 p.m. in London. Sectoral movements were mixed,

Israel’s gross domestic product (GDP) took a significant hit, contracting by nearly 20% in the fourth quarter of 2023, according to official figures released recently. This downturn surpassed earlier predictions by analysts, who had forecasted a contraction of around 10%.

A recent Deutsche Bank report has shed light on the staggering financial clout wielded by the U.S. tech giants collectively dubbed the “Magnificent 7.” These industry behemoths, including Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla, have surged in profits and market capitalization, surpassing the majority of major countries

Sony’s stock faced a staggering blow, shedding approximately $10 billion in value within the week, following the tech giant’s decision to revise down its sales forecast for the flagship PlayStation 5 console. The downward adjustment in sales projections for the fiscal year dealt