Vandana Srinivas
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Banking
Asian Development Bank cuts growth forecast, says economies set to grow faster than China’s
According to a recent assessment from the Asian Development Bank, China’s economic growth this year will be weaker than that…
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Oil and Gas
Arabian Drilling Co announces IPO, valued at $1.4 billion
One of the biggest oil and gas drilling companies in Saudi Arabia, Arabian Drilling Co., has declared its intention to…
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Finance
US Dollar slips from a 20-year high, Pound hits 37-year low
Before a week packed with market vacations and central bank decisions from Washington to London to Tokyo, the dollar hovered…
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FOREX
Recession in 2023 because of global rate hikes, says World Bank
According to the World Bank, interest rate increases by central banks around the world could lead to a global recession…
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Retail
UAE’s Agthia Group announces H1 profits, shares interim cash dividends of AED 65.31 million
One of the top food and beverage enterprises in the UAE, Agthia Group PJSC, had its general assembly meeting digitally…
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Real Estate
NEOM launches Media Village, Bajdah Desert Studios, announces 40% cash rebate as production incentives
The NEOM Media Village and Bajdah Desert Studios opened on Wednesday, according to a statement from the future metropolis of…
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Technology
Ethereum ‘Merge’ to slash energy consumption by 99.95%
To move the Ethereum blockchain away from the antiquated Proof-of-Work (PoW) mechanism, the Proof-of-Stake (PoS) Beacon Chain and the Ethereum…
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Technology
Google faces double lawsuit over adtech practices in UK and Dutch courts
Geradin Partners, a law firm representing publishers will soon launch two lawsuits in British and Dutch courts against Alphabet subsidiary…
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Business
Kuwaiti Conglomerate Alghanim Industries eyes IPO worth $1bn
One of Kuwait’s largest privately-owned companies, Alghanim Industries Ltd., is looking to raise nearly $1 billion through a prospective IPO,…
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Technology
600-mile range battery architecture revealed by Our Next Energy (ONE)
The Michigan-based energy storage business Our Next Energy (ONE) and the BMW Group have reached an agreement for ONE to…
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