Rivian sees $23bn wiped out following recent market debut | Arab News
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Tag: Arab News
Bitcoin, ether nurse losses, lurk near critical levels: Crypto Wrap | Arab News
Bitcoin has doubled in value since January. “Still, the drop may signal the start of more downside and the longer we stay at the current price level the bigger the possibility of an even greater pullback. Meanwhile, Ruud Feltkamp, CEO of cloud-based automated crypto trading bot Cryptohopper said: “As previously predicted, we will see this […]
Oil prices drop amid European gas prices rise: Energy Market wrap | Arab News
Apple is launching an online store for self-service repairs early next year that it says will have more than 200 individual parts and tools for making the most common repairs on the iPhone 12 or iPhone 13. The United Kingdom recorded the highest yearly inflation rate since December 2011 by 4.2 percent in October, an […]
World needs a market for carbon offsets to reach climate change goals, says leading energy …
“We already know that, without fundamental technological breakthroughs, it will be in very many cases impossible to realize these decarbonisation pledges without deploying offsets — measures which reduce carbon emissions or take carbon out of the atmosphere — elsewhere. “The desperate need for offsets which I see coming risks to create fraud at an unprecedented […]
Matsuyama becomes first Japanese in Masters green jacket
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Saudi green initiatives explained in Arab News US radio show
The “Made in Saudi Initiative,” Radwan said, is a program to boost the country’s small to medium sized businesses and increase sales of domestic products. Radwan said that there is a new system that allows pilgrims and worshippers at the two sites to schedule their Umrah prayers. “The Ray Hanania Show,” which is sponsored by […]
Sri Lanka welcomes Saudi Arabia’s green initiatives, seeks climate cooperation
Dr. “People see right through it,” he added. A new chapter of mistrust has opened between the Taliban and Washington since President Joe Biden last month unilaterally announced that US-led troops would not be withdrawn by May 1 on the basis of an accord the previous administration had signed with the Taliban, but on Sept. […]
Cryptocurrency markets moving to Phase 2
The new darling on the crypto block is Ether, which pierced the $3,000 milestone for the first time early on Monday morning. At the beginning of the year, Bitcoin held a market share of 70 percent, which has now come down to 46 percent at a valuation of $2.3 trillion. Major financial institutions have devised […]
Saudi snack maker Fesh Fash lists on parallel market
The Saudi food industry is attracting increased investment as part of a broader push to boost food security and reduce its reliance on imports. DUBAI: Saudi food giant Almarai is set to invest SR6.6 billion to expand its poultry business that aims to double its market share in the sector, The expansion will be implemented […]
DiplomaticQuarter: US chargé d’affaires praises Al-Jouf Green Oasis Initiative
The Kingdom will work through the Saudi Green Initiative to raise vegetation cover, reduce carbon emissions, combat pollution and land degradation, and preserve marine life. During the meeting, they discussed aspects of cooperation in cultural fields between Saudi Arabia and the US, and the latest development in the bilateral cultural affairs in light of the […]
GCC startup Majra promises simple path to a viable career
“We couldn’t find a lot of information about the job itself or whether or not the company would be a great match for us. Launched as a web-based platform, Majra emphasizes personalizing the experience for both employers and jobseekers. “We emphasize personalizing profiles and not just having the same template for CVs that would make […]
World’s largest hotel operator sees growth in Saudi market
Hajj and Umrah seasons, which are essential drivers of the market, were canceled, meaning that the industry has lost millions of domestic and international pilgrims over the past year. In recent years, Saudi Arabia had been focusing on improving investment opportunities in the hospitality sector through the introduction of several projects, such as Qiddiya, the […]
World’s largest hotel operator sees growth in Saudi market
Hajj and Umrah seasons, which are essential drivers of the market, were canceled, meaning that the industry has lost millions of domestic and international pilgrims over the past year. In recent years, Saudi Arabia had been focusing on improving investment opportunities in the hospitality sector through the introduction of several projects, such as Qiddiya, the […]
Dior launches Ramadan collection for Middle East
A lot has happened at Aston since then, but it is reassuring to know that the company has lived up to the promise of the super SUV, which can now be seen and bought in the cities of the Gulf. But it has not let those problems distract it from the main job — designing, […]
Oman and Abu Dhabi invade the dollar bond market
Abu Dhabi Ports secured a $1 billion loan from a group of banks, Reuters reported earlier this week. This increase was attributed to improved performance in the agricultural commodities and food sector even as overall Saudi imports from the rest of the world fell 9 percent over the year as the pandemic suppressed consumer demand […]
Fire kills 3 in market near Rohingya camp in Bangladesh
COX’S BAZAR, Bangladesh: A fire on Friday destroyed more than 20 shops in a makeshift market near a Rohingya refugee camp in southern Bangladesh, leaving at least three people dead, police and witnesses said.Local police chief Ahmed Sanjur Morshed said they recovered the bodies from the debris after it took firefighters several hours to bring […]
Bitcoin sinks below $50000 as cryptos stumble
The selloff came after reports that the Biden administration is planning a raft of proposed changes to the US tax code, including a plan to nearly double taxes on capital gains to 39.6 percent for people earning more than $1 million. The government expects to break ground in June on the canal, which would connect […]
Petrochemical market adapting to pandemic, says TASNEE CEO
RIYADH: Petrochemical prices will remain better than last year, even with the 15 percent drop in 2020 compared to 2019, as the market continues to adapt to the effects of the coronavirus pandemic, Mutlaq Al-Morished, CEO of the Saudi National Industrialization Co. Sales of luxury villas, sea-view apartments and second-hand family houses jumped in March, […]
Bitcoin hits record high before Nasdaq listing
The world’s biggest cryptocurrency, which has growing mainstream acceptance as an investment and a means of payment, rose as much as 5 percent on Tuesday. “When bitcoin markets create new highs the price often range-trades and we witness a round of profit-taking,” said James Butterfill of digital asset manager CoinShares. The Kingdom’s made up 49.8 […]
Foreign funds have billions at stake in Turkish market volatility
Among international mutual funds, Fidelity Investments has reported one of the largest holdings in Turkish assets this year, with $552.7 million across two bond funds in its latest disclosure at the end of January, according to data provided by Morningstar. Innovative Energy intends to apply a request to the UK’s Financial Conduct Authority to remove […]