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Singapore’s tallest skyscraper to be built by Alibaba and local partners
Chinese Internet giant Alibaba and a consortium led by Singapore-based real estate company Perennial Holdings have obtained approval for plans to build a 63-storey mixed-use development at Shenton Way in the Central Business District.…
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India withdraws data protection and privacy bill
The 2019 law had proposed stringent regulations on cross-border data flows but had raised concerns among tech giants.
India’s government has withdrawn a data protection and privacy bill which was first proposed in 2019 and had alarmed big…
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Saudi Arabia establishes an investment promotion agency.
Saudi Arabia has established an organization to encourage investment in the nation, a key objective of the government's ambitious economic reform strategy, according to the investment minister and state media, citing a cabinet resolution.…
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Saudi and UAE business environment improve as inflation falls and job creation increases.
In the United Arab Emirates and Saudi Arabia, business conditions improved in July as pricing pressures eased marginally and employment increased.
According to S&P Global, input costs in the Arab world's two largest economies have…
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Bangladesh’s garment sector faces energy, demand crises
The world’s second-largest garment exporter is experiencing a slowdown that will threaten the nation’s economic recovery.
Bangladesh’s garment industry, the world’s No. 2 exporter after China, is facing a double whammy from slowing global…
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Swvl terminates estimated $100m acquisition of UK-based Zeelo
UAE-based ride sharing company Swvl has terminated its estimated $100 million acquisition of UK SaaS platform, Zeelo.
Zeelo revealed that the deal has been dropped by mutual agreement amid a market downturn, MAGNiTT reported.
“The…
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Crypto Moves — Ethereum and Bitcoin fall; Barcelona auctions NFT of Cruyff goal
Bitcoin, the leading cryptocurrency internationally, traded lower on Monday, falling by 1.73 percent to $23,4.5.
Ethereum, the second most traded cryptocurrency, was priced at $1,695 falling by 0.53 percent, according to data from…
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China In-Focus — PMI says July activity growth slowed; Nio to make power products for Europe
China’s factory activity expanded at a slower pace in July, as growth momentum softened in output, new orders and employment, a private sector poll showed on Monday.
The Caixin/Markit manufacturing Purchasing Managers’ Index eased to…
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India In-Focus — Shares up; Yes Bank among gainers; India blocks Krafton’s game on data concerns
Indian shares kicked off August trading on a positive note on Monday, after clocking their best month since November 2020 in the previous session.
Among the gainers was Yes Bank, which jumped more than 5 percent following its decision…
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Saudi Mobily’s profits jump 48 percent in the second quarter
The net profit of the Saudi company Etihad Etisalat (Mobily) increased by 47.5 percent on an annual basis in the second quarter of this year, to record 360 million riyals (equivalent to 95.8 million dollars).
The company's profits in the…
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