The stock fell as much as 10 per cent to trade at EGP60.10 pounds before paring the decline to 7.2 per cent at close
The reins are now set to pass to his only son Jay Y. Lee, who’s been the conglomerate’s de facto leader since his father’s hospitalisation in 2014
Customers can fly the Emirates A380 from Dubai to Amman thrice a week
The new signings build on the 15 hotel signings which were announced in Q2 2020
Gulf Business speaks to John Martin St. Valery, chairman of the British Business Group for Dubai and the Northern Emirates, on coping with the crisis, impact of Brexit and plans ahead
The Seattle-based company had previously said workers could stay home until early 2021
ADQ and LIHL will work to collectively develop up to 30 hypermarkets and 100 express minimarket stores
The dual shock of lower Brent prices and the coronavirus pandemic this year has taken an especially heavy toll on the region
Bahrain became the second Gulf nation to establish full diplomatic relations with Israel
The Max was grounded in March 2019 in the wake of two accidents that took 346 lives
The acquisition is Amanat’s first ever venture capital investment
ADQ has been evaluating the Bausch business, known as Amoun Pharmaceutical Co
The company will initially launch operations in Erbil, Iraqi Kurdistan early next year, before expanding into Federal Iraq
Gold has had a solid run higher throughout 2020
The funds will be invested in the upscaling of biologics strategy, data-driven precision medicine processes, and multimodality drug discovery and development platforms, among others
The funds will support Oxford Nanopore as it scales up its rapid Covid-19 testing capability
No date or venue was given for the leaders’ meeting
Cognitive software reduces complexity in network operations
Bomb-laden drones were launched towards the kingdom’s southern region on Saturday and Sunday
A central-bank digital currency would allow euro-area residents to place deposits with the ECB directly
Airplane cabins could look different the next time you fly
The concept will be a technological integration of gastronomy, entertainment, football, and other sports in an interactive environment
Reliance Retail runs supermarkets, India’s largest consumer electronics chain, a cash-and-carry wholesaler, fast-fashion outlets and an online grocery store called JioMart
The British maker of aircraft engines said last month it intends to raise as much as GBP2.5bn
Japan’s total crude oil import in August equalled 73.189 million barrels
A record 4.5 million tourists visited Israel in 2019
Egypt seeks to raise $500m from the offering
Japan will receive 40 tons of blue ammonia in the first shipment
The UAV was destroyed in Yemeni airspace
Mustapha Adib quit on Saturday after a meeting with President Michel Aoun in Baabda near the capital, Beirut