UK’s Deliveroo bought by US DoorDash in £2.9bn deal
Deliveroo, the food delivery app, has agreed to be taken over by US giant DoorDash in a deal valuing the business at £2.9bn. The combined…
Category: FINANCE
Oil Climbs $1 as Price Drop Triggers Buying
Oil gained more than $1 per barrel on Tuesday, rebounding on technical factors and bargain hunting after a decision by OPEC+ to boost output sent…
Saudi Chambers Federation Organizes Saudi-Egyptian Business Forum
The Federation of Saudi Chambers and Egypt’s General Authority for Investment and Free Zones (GAFI) on Monday held the Saudi-Egyptian Business Forum in Cairo with…
SABIC Expects Capital Expenditure of $4 Bn in 2025
Saudi Basic Industries Corporation (SABIC), one of the world’s largest petrochemical companies, reported a net loss of 1.21 billion riyals ($322.6 million) for the first…
94% of UAE enterprises believe AI will enable long-term growth
As AI adoption accelerates across the UAE, business leaders are banking on its potential to drive long-term growth. A new YouGov survey commissioned by SAP reveals that…
China says wind and solar energy capacity exceeds thermal for first time
BEIJING – China’s wind and solar energy capacity has surpassed that of mostly coal-powered thermal for the first time, the national energy body said on…
Beijing accuses USA of ‘misleading the public’ about trade talks
BEIJING – China’s foreign ministry urged Washington on Friday to stop “misleading the public” on bilateral tariff negotiations, and said it wasn’t familiar with reports…
China Denies It Is Currently in Talks with Washington over Tariffs
Beijing on Thursday denied it has held trade talks with Washington despite repeated comments from the US government suggesting there had been engagement. “There is…
Gold Slips More Than 1% as China Considers US Tariff Exemption
Gold prices lost more than 1% on Friday and were heading for a weekly fall on signals of a potential de-escalation in the US-China trade…
After Tesla’s Earnings Slide, Pressure’s On for Cybercab
The future of Elon Musk’s electric car company is murky. It may rest on Tesla’s forthcoming self-driving taxi service, which Musk says will launch this…