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The 4th Annual Business Tabloid Awards, conducted at Atlantis The Palm, Dubai, UAE, on the 19th of January, 2023 witnessed a wonderful gathering of global award winners from the best organizations of the world. One of the esteemed participants, Almarai Company bagged the Best Shariah Compliant Deal 2022 award. Business Tabloid was proud and honored […]
The top companies in the world’s trailblazing industries came together for the 4th Annual Business Tabloid Awards on January 19, 2023, at Atlantis The Palm in Dubai, United Arab Emirates. The Annual Business Tabloid Awards recognizes excellence in various industries, including Banking, Finance, Insurance, Real Estate, Technology, Healthcare, Leadership and Logistics & Transportation. A panel […]
All FIFA World Cup stadium perimeters in Qatar are now off-limits to the sale of beer. The world’s biggest single sporting event is set to begin 72 hours after the announcement. On Sunday, Qatar and Ecuador will play to kick off the World Cup. The competition is taking place in the Middle East for the […]
The New York Times said that is preparing to fire some 10,000 workers in corporate and technical positions starting this week. The Wall Street Journal cited a person who claimed the business intended to fire thousands of workers. According to the article, the cuts would be the biggest in the company’s history and would mostly […]
Mubadala Capital, a global asset management firm and a subsidiary of Abu Dhabi’s Mubadala Investment Company, has acquired TruFood Manufacturing, a snack food contract manufacturer. Trufood, based in Pennsylvania, is being acquired by funds affiliated with AUA Private Equity Partners. Mubadala Capital’s legal counsel was Akin Gump Strauss Hauer & Feld LLP, and its financial […]
The Dubai Chamber of Commerce released a study stating the value of the e-commerce business in the UAE is predicted to reach $9.2 billion in 2026. In the UAE, e-commerce sales increased to $4.8 billion in 2021 from $2.6 billion in 2019, as the Covid epidemic hastened the global transition to online buying. The research, […]
The latest sector to ask for assistance as the energy crisis worsens is the pharmaceutical industry, which has warned that it may discontinue producing some affordable generic medications due to rising electricity prices and is appealing for a revision of their pricing. Before the extraordinary EU Council meeting on Friday, the generic drug industry’s lobbying […]
As analysts anticipate a greater shift in the American giant’s future manufacturing, Apple announced on Monday that it has begun assembling the iPhone 14 models in India. This marks the first time the current line-up has been locally produced in the same calendar year in the second-largest smartphone market in the world. The iPhone 14 […]
One of the top food and beverage enterprises in the UAE, Agthia Group PJSC, had its general assembly meeting digitally today. The Board’s request for an interim cash dividend payment at a value of 8.25 fils per share, with a total amount of AED 65.31 million for the six months ending on June 30, 2022, […]
The agritech company Graze It has now formally launched its operations in the UAE and Saudi Arabia. The company uses controlled environment agriculture (CEA), which allows for water usage that is 95% lower than conventional agriculture, to directly generate sustainable animal feed at the consumer’s location in an effort to address a significant food security […]
One of China’s largest e-commerce companies, Pinduoduo Inc., is getting ready to launch its first cross-border expansion into the North American market, according to people familiar with its intentions. Pinduoduo, launched in 2015, broke the supremacy of Alibaba and JD with rock-bottom pricing and a group buying model that encourages users to discuss their purchases […]
The 65-year-old billionaire Mukesh Ambani has begun the early phases of succession planning at his energy-to-technology giant Reliance Industries Ltd, designating two of his children as the chiefs of major companies in his $217 billion empire. Akash Ambani, the 30-year-old son of Reliance Industries Ltd (RIL) chairman Mukesh Ambani, was chosen chairman of Reliance Jio […]
