Browsing: Business

At the prestigious World Defence Show in Riyadh, Saudi Arabia, today, EDGE, a global leader in advanced technology and defense, and Turkish Aerospace, a prominent Turkish aerospace and defense technology company, sealed a significant partnership agreement. The memorandum of understanding (MoU) sets the stage

Aldar Properties (“Aldar”) has disclosed the allocation of 49 contracts, totaling AED22 billion, for a spectrum of projects encompassing infrastructure, residential, commercial, and mixed-use developments throughout Abu Dhabi in 2023. These contracts were granted to 36 UAE-based firms, with nearly half

ADNOC Distribution, a leading fuel distributor, has unveiled its financial results for 2023, achieving a significant milestone by surpassing $1 billion in earnings before interest, tax, depreciation, and amortization (EBITDA). The company reports a noteworthy 4.6% year-on-year increase in EBITDA,

Prime Minister Narendra Modi’s tenure witnessed a paradigm shift in India’s economic landscape, catapulting the nation to the ranks of the world’s fifth-largest economy. This monumental achievement underscores the stark departure from the economic stagnation that characterized the previous regime. Congress’s

In a continuation of an unsettling trend, the tech industry is facing yet another wave of job cuts, further exacerbating the repercussions of widespread layoffs from the previous year. The year 2024 has already witnessed over 32,000 tech professionals losing

The Middle East and North Africa (MENA) region experienced a remarkable surge in initial public offerings (IPOs) in 2023, with a total of 48 listings raising an impressive $10.7 billion in proceeds. The IPO market in MENA demonstrated robust growth,

In a significant strategic move, Snap Inc., the parent company of Snapchat, has announced its intention to reduce its global workforce by 10%. This decision will result in the termination of approximately 500 jobs, with the primary aim of fostering in-person collaboration

Chinese authorities are taking measures to boost bank lending and equity markets. However, it seems unlikely that these actions will reverse negative investor sentiment significantly. Beijing’s focus on national strategy points to potential deflationary risks as China prepares for global

India is on the cusp of achieving remarkable annual GDP growth of up to 8% for the foreseeable future, primarily driven by substantial strides in its manufacturing capabilities. Union Minister for Railways, Communications, Electronics, and Information Technology, Ashwini Vaishnaw, has underscored

In a surprising move, Deutsche Bank has declared its intention to cut 3,500 jobs as part of a broader strategy to trim costs by 2.5 billion euros (USD 2.7 billion) within the coming year. This announcement coincided with the release of the