Business

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Dubai-headquartered startup to become first Middle East unicorn on Nasdaq

Dubai-headquartered startup to become first Middle East unicorn on Nasdaq

Dubai-headquartered transport startup Swvl will list on the Nasdaq stock exchange, claiming to be the first $1.5 billion unicorn from…
World’s cheapest Big Mac can be found in Lebanon, most expensive in Venezuela

World’s cheapest Big Mac can be found in Lebanon, most expensive in Venezuela

The world’s cheapest Big Mac can be purchased in Lebanon, according to The Economist’s “The Big Mac index.” Meanwhile, the…
Twitter tests ‘shopping module’ in e-commerce move

Twitter tests ‘shopping module’ in e-commerce move

Twitter on Wednesday began testing a feature allowing businesses sell goods from their profile pages at the one-to-many messaging platform.…
Aston Martin reports 224 pct increase in sales boosted by its first SUV

Aston Martin reports 224 pct increase in sales boosted by its first SUV

Carmaker Aston Martin reported on Wednesday a 224 percent increase in sales to its dealers, boosted by its first sport…
Boeing reports first profitable quarter since 2019

Boeing reports first profitable quarter since 2019

Boeing reported its first quarterly profit since 2019 and revenue topped expectations, as the giant aircraft maker tries to dig…
DP World reports strong volume growth of 17.1% in Q2 2021

DP World reports strong volume growth of 17.1% in Q2 2021

DUBAI — DP World Limited handled 19.7 million TEU (twentyfoot equivalent units) across its global portfolio of container terminals in…
UAE’s First Abu Dhabi Bank posts 19 pct jump in Q2 net profit

UAE’s First Abu Dhabi Bank posts 19 pct jump in Q2 net profit

First Abu Dhabi Bank, the United Arab Emirates’ biggest lender, posted on Wednesday a 19 percent rise in quarterly net…
Drugmaker Pfizer now sees revenues of $33.5 bn in 2021 COVID-19 sales, up from $26 bn

Drugmaker Pfizer now sees revenues of $33.5 bn in 2021 COVID-19 sales, up from $26 bn

Pfizer sharply increased its 2021 projection for revenues tied to its Covid-19 vaccine on Wednesday, forecasting the delivery of 500…
Pact signed to inject capital, boost global competitiveness of UAE industrial sector

Pact signed to inject capital, boost global competitiveness of UAE industrial sector

The Ministry of Industry and Advanced Technology (MoIAT) and Etihad Credit Insurance (ECI) on Tuesday signed a Memorandum of Understanding…
IMF boosts growth forecasts for rich nations, dims outlook for developing world

IMF boosts growth forecasts for rich nations, dims outlook for developing world

The International Monetary Fund on Tuesday maintained its 6 percent global growth forecast for 2021, upgrading its outlook for the…