Saudi’s global hub ambition behind record leveraged buyout deal for EA
Saudi Arabia is furthering its gaming hub ambitions with a record $55B deal for electronic arts. The investments in the gaming industry are being touted as…
Tag: BUSINESS
Dubai Holding, Brookfield launch Solaya beachfront homes in Jumeirah 1
New Meraas project by Dubai Holding spans nine buildings over 40 acres Dubai Holding Investments, in partnership with Brookfield Properties, has launched Solaya, a new…
China bets on Morocco to lead Africa’s electric energy future
Morocco is preparing to build Africa’s first battery gigafactory, a $5.6 billion project backed by China’s Gotion High-Tech, which will place the North African kingdom at the…
China Unveils $70 Billion Financing Tools to Bolster Investment
China will deploy policy-based financial tools to the value of 500 billion yuan ($70.25 billion) to accelerate investment projects, the state’s planner said on Monday,…
Hackers contact Harrods after 430,000 customer records IT breach
Luxury department store Harrods has been contacted by hackers after data relating to 430,000 customer records was stolen in an IT breach. Harrods said it…
Saudi Arabia Advances Vision 2030 with Manufacturing, Localisation, Economic Growth
As Saudi Arabia celebrated its 95th National Day on Tuesday, the Kingdom is showcasing rapid economic reforms designed to cement its role as a global…
Gold Hits Record High as Traders Bet US Rate Cuts, Powell’s Signal
Gold prices steadied on Tuesday after reaching a record high, underpinned by expectations of more US rate cuts and a weaker dollar, as investors awaited…
Morocco Celebrates Expansion Milestones in Casablanca Port Complex
As Morocco pushes ahead with expansion of its maritime infrastructure, last week the country launched several development initiatives in Casablanca port complex. The launch event…
Iraq Eyes Mega Project to Channel 20% of Asia-Europe Trade
Iraq aims to channel a fifth of Asia-to-Europe trade through its southern Grand Faw port and the Development Road project, Prime Minister Mohammed Shia al-Sudani…
Apple steps up war of words with European regulators
“Bureaucrats in Brussels” are unfairly challenging Apple’s closed ecosystem and denying users the “magical, innovative experience” that makes the firm unique, Apple said. “We have…