Saudi GDP up 12.2% in second quarter, exceeding initial estimate
A view shows vehicles driving on a street in Riyadh, Saudi Arabia February 16, 2021. Saudi Arabia’s real gross domestic product expanded by 12.2% in…
Tag: BUSINESS
Sony to buy Destiny developer Bungie for $3.6bn
Japanese technology giant Sony says it will buy video game developer Bungie in a deal worth $3.6bn (£2.7bn). Sony says Bungie, best known for the…
Morocco’s Managem, Glencore to partner in cobalt project
Moroccan mining company Managem said on Wednesday it agreed with miner and commodity trader Glencore (GLEN.L) to produce Cobalt at a plant near Marrakech. The project is…
Europe fuels sales growth for French train maker Alstom
French train maker Alstom reported a rise in third-quarter sales on Thursday, bolstered by contract wins in Europe and stronger market clout as it integrates…
People devote third of waking time to mobile apps
People are spending an average of 4.8 hours a day on their mobile phones, according to app monitoring firm App Annie. In 2020, UK regulator…
Morocco’s tough COVID restrictions hammer tourism sector
RABAT, Dec 31 (Reuters) – Businesses working in Morocco’s key tourism sector say the country’s tough COVID-19 restrictions, including a full flight ban, are undermining…
UBS eyes Mideast expansion with new wealth desk in Dubai -memo
The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland, June 22, 2020. REUTERS/Arnd Wiegmann/File Photo DUBAI, Oct 21 (Reuters)…
Alibaba Group Kicks Off 2021 11.11 Global Shopping Festival
Alibaba Group today kicked off its 2021 11.11 Global Shopping Festival. (Photo: Business Wire) October 20, 2021 03:21 AM Eastern Daylight Time SHANGHAI–(BUSINESS WIRE)–Alibaba Group…
Apple switches to its own chips for Mac computers as it adds features, privacy controls
Apple Chief Executive Tim Cook said it marked the beginning of a major new era for a product line that powered the company’s rise in…
Bahrain airport rolls out new safety measures
Bahrain International Airport (BIA) is rolling out additional health and safety measures to protect the wellbeing of passengers and staff at the terminal, said a…