Economy and Business

Alibaba’s online retail blitz known as Singles Day has pulled in $24 billion so far, China’s biggest e-commerce company said on Monday.

The event regularly racks up bigger sales than Black Friday and Cyber Monday combined — and with more than half a day left in the shopping extravaganza, Alibaba (BABA) appears to be on track to surpass last year’s $30 billion haul. During Singles Day pre-sales, which kicked off three weeks ago, Estée Lauder (EL) raked… Alibaba’s online retail blitz known as Singles Day has pulled in $24 billion so far, China’s biggest e-commerce company said on Monday.

Investcorp, China Everbright enhance collaboration for investments in Greater China technology sector

Investcorp, the Bahrain-based alternative investment manager, and China Everbright Limited, a Hong Kong-based alternative investment firm, announced today a new milestone in their existing partnership by combining their investment teams investing in the Chinese technology sector. The combined team and investment committee will jointly manage the China Everbright New Economy Fund I. In addition, Investcorp… Investcorp, China Everbright enhance collaboration for investments in Greater China technology sector

Saudi Aramco announces intention to offer IPOs on domestic stock market

Saudi Aramco, the world’s largest integrated oil and gas company, wholly owned by the Government of the Kingdom of Saudi Arabia, on Sunday announced its intention to proceed with an initial public offering (IPO) on Riyadh’s Tadawul Stock Exchange. The Government intends to sell a portion of its shares in Saudi Aramco, said a press… Saudi Aramco announces intention to offer IPOs on domestic stock market

Millennium & Copthorne Makkah Al Naseem collaborate SCTH

Aligning with the Saudi Vision 2030 and aspirations to develop leadership skills for employees and young students, SCTH “Saudi Commission for Tourism and National Heritage visited Copthorne & Millennium Makkah Al Naseem on 13th October to activate its initiative “Ektashef ElMehan Fi ElAnshitah ElSeyahyia”, in Arabic “Discover Professions in Tourism”. Aimed at exploring leadership skills… Millennium & Copthorne Makkah Al Naseem collaborate SCTH

The 10th edition Women in Leadership Economic Forum Kicks off

The 10th Anniversary Edition of the Women in Leadership (WIL) Economic Forum by Naseba opened today at the Address Sky View Hotel in Dubai under the theme, ‘Daring to Build a Better Future’. The 2-day forum is the largest female economic empowerment platform in the Middle East and brings together leading regional and international organisations such as Siemens,… The 10th edition Women in Leadership Economic Forum Kicks off

Dubai Economy Holds steady in Q2 2019 According to Consumer Confidence Index

Consumers in Dubai remain upbeat on the overall economy in the emirate and their personal finances with optimism largely stemming from anticipated improvement across tourism, trading and employment. Nationals as well as expatriates shared a bright outlook in the quarterly consumer confidence survey of Dubai Economy and the overall Consumer Confidence Index stood at 139… Dubai Economy Holds steady in Q2 2019 According to Consumer Confidence Index

DAFZA contributes 12% to Dubai’s foreign trade in first half of 2019