Business

US corporate behemoths are using every means available, including spying on their own staff to prevent them from unionising, leaked internal documents show as quoted by Newsweek. The best-known examples of how employers use surveillance […]

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Signing $10 billion worth of contracts on Monday, Saudi Arabia’s oil giant Aramco has kickstarted the development of its massive Jafurah unconventional gas field it is thought to be the largest known free gas field […]

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Co-founder of Twitter Jack Dorsey is stepping down from his position as chief executive officer of the social media giant.  The surprise change brings to an end Dorsey’s tenure as the CEO of Twitter. He […]

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Following the strong growth in its home market of Egypt, valU, the fintech subsidiary of EFG Hermes, intends to expand next year in Saudi Arabia and North Africa, its CEO Walid Hassouna confirmed. Established in […]

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Beijing’s municipal government has approved on Thursday a permit for Baidu’s Apollo Go robotaxi business to collect fares in a part of the capital city, greenlighting a major step for the Chinese tech giant toward […]

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High-tech home appliance maker Dyson Ltd has sent on Wednesday notices of termination of contract to its Malaysian supplier ATA IMS Bhd following the audit of its labour practices and allegations by a whistleblower that […]

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In a move that will cement its strategic position in one of the world’s fastest-growing agricultural regions, and in coordination with its African subsidiary Meridian Group, the Saudi Arabian Mining Company (Ma’aden) will open a […]

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After a $12 billion (€33.2 billion) takeover approach from US fund KKR, the Italian phone group Telecom Italia (TIM) saw record trading volumes on Monday, with more than 8% of its ordinary capital changing hands. […]

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More than 40 multinational companies in IT, food and beverages, consulting and construction sectors have so far announced plans to set up or move their regional HQs to the Saudi capital and many more are […]

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Foreign investors can now establish and start a business from outside Saudi Arabia after the Kingdom’s Ministry of Investment, in partnership with the Ministry of Foreign Affairs and the Ministry of Commerce has launched on […]

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Health-care conglomerate Johnson & Johnson has announced on Friday its plans to split into two publicly traded companies which, if approved, will occur in the next 18 months to two years. In its Friday’s news […]

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Apple launched on Wednesday a new subscription service specially tailored to help small-business owners to manage the Apple devices used by their employees. Apple’s Business Essentials service is tailored for small businesses with between 50 […]

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In his first sale in over five years, Tesla founder and CEO Elon Musk has disposed of more than 4.5 million company shares so far this week after another bombshell tweet dragged Tesla stock down […]

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In a last-ditch effort to simplify its business, pare down debt and breathe life into a battered share price, General Electric (GE) announced on Tuesday it would split into three public companies, marking the end […]

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The leadership of Saudi Arabia signed an investment contract to create the Kingdom’s first “coffee city”, Saudi media reported. The corresponding agreement, designed for 15 years, was concluded with the Agricultural Cooperative Society in Baljurashi. […]

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The US National Highway Traffic Safety Administration (NHTSA) informed on Tuesday that Tesla Inc is recalling nearly 12,000 ECs sold in the United States since 2017 due to communication error that may cause a false […]

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Bolstered by the surge in oil prices and the increased demand as the COVID pandemic eases, the world’s largest oil company, Saudi Aramco, has become the world’s most profitable company in Q3 od 2021 on […]

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After announcing in August that it would be producing two distinct versions of its upcoming Lucid Air Dream Edition car, California-based American EV manufacturer Lucid Group aims to offer a version of its signature model […]

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A survey by the Climate Bonds Initiative showed on Thursday investors’ expectations for the global green bond investment to double and reach $1 trillion for the first time in a single year by the end […]

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Nine hotels that will open in the first phase of the Saudi Arabia’s Red Sea development project next year will be operated by the Red Sea Development Company (TRSDC) after the company signed on Wednesday […]

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Elon Musk’s Tesla Inc has scored its biggest-ever order worth $4.4 billion after Hertz Global Holdings Inc has announced it would buy 100,000 EVs in in a huge first step toward electrifying its rental-car fleet […]

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Saudi Aramco and TotalEnergies have launched on Monday the first two service stations of their joint retail network in Saudi Arabia’s capital of Riyadh as well as in Saihat, in the country’s Eastern Province, Trade […]

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The world’s largest company by revenue, US retail giant Walmart, has launched a pilot program via Coinstar ATMs to allow customers to buy bitcoin at 200 of its stores across the United States, CoinDesk reports. […]

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According to a source with direct knowledge of the matter, Facebook plans to rebrand the company with a new name next week to reflect its focus on building the ‘metaverse’, The Verge reported on Tuesday. […]

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Facebook plans to hire up to 10,000 people in Europe to build a “metaverse,” a whole new online realm combining virtual and augmented reality technologies.  Facebook made the announcement this week, claiming that the investment […]

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