Business & Money | Wednesday 3 July, 2019 1:15 am

Aramco inks MoU for non-metallic materials production facility

Saudi Aramco signed a memorandum of understanding with Baker Hughes, a GE company (BHGE), on Tuesday to create a new joint venture facility in Saudi Arabia to manufacture non-metallic materials for use in a variety of areas of the energy industry. This is part of Aramco’s strategy to play...

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Business & Money | Wednesday 3 July, 2019 12:00 am

Ericsson’s 5G leadership in Europe awarded at World 5G Summit

Ericsson, Swisscom, and strategic partners Qualcomm Technologies and OPPO, have been recognized on the European stage with a prestigious award at this year’s World 5G Summit in London, UK. The partners were jointly awarded the “Best 5G Network Development in Europe” award at a...

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Business & Money | Tuesday 2 July, 2019 8:51 pm

Non-Jordanian investors own 51.1% of shares in ASE

Eye of Jordan:-Mamoon Alomary  The value of shares bought by non-Jordanian investors in the Amman Stock Exchange (ASE) in June reached JD17.3 million, constituting 17.3 percent of the total trade value, ASE figures have suggested.  The value of shares sold by non-Jordanians in June...

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Business & Money | Tuesday 2 July, 2019 3:12 pm

Turkish Airlines’ first Boeing 787-9 Dreamliner is in the air.

Turkish Airlines has announced that up to 30 new Boeing 787-9 Dreamliner aircraft will join the airlines’ young and fast-growing fleet over the next four years, and each will feature the carrier’s bespoke, all-new Business Class Cabins. The Turkish national flag carrier had placed 25...

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Business & Money | Tuesday 2 July, 2019 2:54 pm

Ideal Standard: Explore endless design possibilities to find and express your style

From elegant ceramics and innovative brassware to a huge range of compatible furniture options, Ideal Standard, one of the world’s leading manufacturers of private and public bathroom solutions, offers customers complete flexibility when it comes to creating inspirational basin spaces. Ideal...

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Business & Money | Tuesday 2 July, 2019 2:36 pm

EY appoints Matthew Benson as Transaction Advisory Leader

EY appoints Matthew Benson as Transaction Advisory Services Leader across the Middle East and North Africa (MENA) region, leading a team of transaction professionals across 16 countries and 21 offices, effective 01 July 2019. Abdulaziz Al-Sowailim, MENA Chairman and CEO, EY,...

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Business & Money | Tuesday 2 July, 2019 12:59 pm

Careem Ends Sudan Operations as Part of Uber Takeover Deal

Careem has ended operations in Sudan as part of its planned takeover by Uber, a spokeswoman said on Monday, less than a year after the Middle Eastern ride-hailing firm launched in the country. Careem began operations in Sudan in September 2018 after the US lifted economic sanctions in...

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Business & Money | Tuesday 2 July, 2019 12:51 pm

OPEC and Allies Set to Extend Oil Supply Cuts, Prop Up Prices

OPEC and its allies led by Russia are set to extend oil output cuts until March 2020 on Tuesday to try to prop up the price of crude as the global economy weakens and US production soars. The alliance, known as OPEC+, has been reducing oil supply since 2017 to prevent prices from sliding amid...

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Business & Money | Tuesday 2 July, 2019 12:11 pm

Datamena Wins ‘Data Centre Project of the Year’ at Network Middle East Innovation Awards

datamena, the fastest growing carrier neutral data centre and connectivity platform based in the UAE and serving the Middle East and Africa (MEA) region, from Emirates Integrated Telecommunications Company (EITC), has been named the ‘Data Centre Project of the Year 2019’ at the latest...

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Business & Money | Tuesday 2 July, 2019 12:05 pm

Award-winning Saudi medical app aiming to take world by storm

The founders of an award-winning Saudi app, aimed at revolutionizing the provision of care and educational services for people with special needs, are hoping to take the world by storm. Ynmo (@ynmodata), which means “to grow” in Arabic, is the first Arabic-English digital solution of...

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