Tag: business
Mohamed Salah fuels speculation over Liverpool exit
Mohamed Salah has sparked intense speculation about his future at Liverpool following his remarks after Liverpool’s emphatic 3-0 victory over Manchester United at Old Trafford on Sunday. Salah’s performance was pivotal, scoring one goal and assisting two...
Saudi Arabia and Ethiopia Create Business Council to Expand Economic Partnership
Saudi Arabia and Ethiopia have launched a new business council to deepen economic cooperation and boost trade between the two nations. The Federation of Saudi Chambers made the announcement following the approval by the General Authority for Foreign Trade...
Steel Sector Forecasts Growth as Demand Set to Rebound in 2025
A positive outlook for the US steel industry has emerged, with experts anticipating a significant rebound in demand by 2025. After struggling with lackluster demand and low prices, steel manufacturers are optimistic that the economic revival will drive a...
GoDaddy Faces Lawsuit Over Domain Clawback Dispute
GoDaddy, a leading domain registration and web hosting company, is under legal scrutiny for allegedly reversing domain purchases under questionable circumstances. The lawsuit, filed by a prominent tech entrepreneur, claims that GoDaddy unlawfully reclaime...
Raydan Food Executives Jailed for Market Misconduct
Executives of Raydan Food Co, a prominent food services company in Saudi Arabia, have been sentenced to prison following a thorough investigation into market violations. This legal action marks a significant chapter in the kingdom’s ongoing efforts to enf...
Solo Miner Secures $199,000 Bitcoin Prize
A lone Bitcoin miner has achieved a significant milestone by solving a Bitcoin block independently, receiving a reward of 3.27 BTC, valued at approximately $199,094. This notable feat underscores the unpredictable nature of Bitcoin mining, where individua...
SpiceJet Faces Another Disruption on Dubai-Madurai Route Amid Payment Dispute
SpiceJet, one of India’s leading budget carriers, has encountered yet another operational setback, this time involving an empty return flight from Dubai to India. The incident occurred after Dubai International Airport authorities held back the aircraft d...
Eric Trump Unveils New DeFi Project World Liberty Financial
Eric Trump has officially introduced World Liberty Financial (WLFI), a decentralized finance (DeFi) project aimed at revolutionizing the financial sector. This venture is set to leverage blockchain technology to offer a range of financial services includi...
Kuwait and Iraq Compete in $13bn Megaport Development Race
Kuwait and Iraq are engaged in a high-stakes competition to develop two massive port projects that promise to redefine trade routes and economic power in the Gulf region. With an estimated combined investment of $13 billion, the projects—the Grand Faw Por...
Crypto.com Launches Global Retail Services from Dubai Hub
Crypto.com has expanded its global footprint by introducing Global Retail Services from its Dubai hub, marking a significant milestone in the cryptocurrency industry. This new initiative enables users worldwide to deposit and withdraw in USD, EUR, and AED...
Dragon Oil Expands Strategic Ties with Turkmen Government in Oil and Gas Development
Dragon Oil, the Dubai-based oil and gas company, has reinforced its partnership with the Turkmen government, aiming to enhance oil production in the Caspian Sea. A significant meeting between Turkmenistan’s President and Dragon Oil’s Chairman in Ashgabat...
Global Surge in Crypto Millionaires Boosts Wealth Trends
The global population of individuals with cryptocurrency assets surpassing $1 million has surged dramatically, rising by 95 percent to 172,300, according to the Crypto Wealth Report 2024 from Henley & Partners. This striking increase highlights a sign...
Durov’s Arrest Sparks Global Outcry, Over 2 Million Sign #FREEDUROV Petition
Telegram founder Pavel Durov’s detainment by French authorities at Le Bourget Airport near Paris has triggered a global wave of protests. Over 2 million people have signed an online petition urging his release, highlighting growing concerns over digital p...
Malaysia’s Social Media Licensing Plan Faces Tech Industry Scrutiny
Malaysia’s technology sector is grappling with significant challenges as the government pushes for stricter social media regulations. The new initiative, which mandates licensing for social media platforms, has sparked controversy and raised concerns amon...
Wall Street Turns Bearish on Crude as Supply Risks Loom
Wall Street’s outlook on crude oil for the coming year is growing increasingly cautious, as two major financial institutions, Goldman Sachs Group Inc. and Morgan Stanley, have downgraded their price forecasts. Both banks are now predicting lower average p...