Jaguar Land Rover staff to stay at home in cyber attack fallout
Jaguar Land Rover (JLR) has instructed factory staff to stay at home until at least Tuesday as the company continues to grapple with the fallout…
Category: BUSINESS
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World’s largest sports piracy site shut down by police
The world’s biggest destination for illegal streams of live sports events has been shut down, according to a leading anti-piracy group. The Alliance for Creativity…
UAE sees steady August PMI growth as Kuwait, Egypt contract
Business activity across Middle Eastern and North African economies showed mixed trends in August, with the UAE leading growth while Kuwait and Egypt recorded contractions,…
Saudi Arabia, UK announce $445m economic partnership
Saudi Arabia and the UK are set to strengthen their economic ties through more than £360 million ($445 million) in joint investments, Business Secretary Jonathan…
Saudi Arabia Sells $5.5 Billion in Dual-tranche Sukuk Sale Strong Demand
Saudi Arabia continues to assert its position as a financial powerhouse in international markets, as its latest issuance of dollar-denominated Islamic bonds, or sukuk, witnessed…
Google told to pay $425m in privacy lawsuit
A US federal court has told Google to pay $425m (£316.3m) for breaching users’ privacy by collecting data from millions of users even after they…
Property tech, gaming firms lead major funding rounds
Investor confidence is rising in Middle East startups, from proptech funding rounds to strategic bets in the growing gaming sector. These moves reflect a broader…
Egypt’s Net Foreign Assets Jump to a Record $18.5 Billion in July
Egypt’s net foreign assets rose by $3.54 billion in July to a record $18.5 billion, central bank data showed, as Gulf investments, a currency devaluation…
Developing Countries Swapping Out of Dollar Debt
Developing countries are moving out of dollar debts and turning to currencies with rock bottom interest rates such as the Chinese renminbi and Swiss franc,…
Lebanon’s Central Bank Shifts Responsibility for ‘al-Qard al-Hassan’ to the State
Lebanon’s central bank has placed responsibility for handling “al-Qard al-Hassan,” the financial arm of Hezbollah, squarely on the state. In a statement clarifying Circular No.…