Economy News Today
American cosmetics maker Estee Lauder is set to buy fashion designer Tom Ford for $2.8 billion. Estée Lauder expects to fund the transaction with cash and loans, with $300 million in deferred installments for the sellers due in July 2025. The transaction is expected to be completed during the first half of last year. According…
The Wall Street Journal reported that Meta Group, the parent company of Facebook and Instagram, plans to lay off thousands of employees starting this week, following the lead of several technology companies in the context of the economic crisis. Meta employs about 87,000 employees worldwide, according to September 30 figures. While publishing the latest disappointing…
The British Royal Mint announced that Harry Potter, the hero of the fictional series by writer J.K. Rowling, will appear on a series of commemorative coins in the United Kingdom, including 50 pence pieces, as well as other coins bearing the portraits of Queen Elizabeth. And King Charles. According to what The List has published,…
The British “Euromonitor International”, which specializes in market research, has monitored a remarkable recovery in the tourism sector in Dubai 2022, and explained that luxury hotels were faster and more revitalized than medium hotels and hotels for people with limited budgets, which reflects a rise in the flow of ultra-rich tourists to visit Dubai. In…
Arbah Capital and Strategic Housing Group announced the start of the development of the first “Innovate” hotel, as part of the joint ventures of the two companies that aim to establish projects worth $500 million. The new agreement between the two parties comes after we cooperated earlier this year to launch the first shared accommodation in…
It is difficult for one to forget the first job he appeared in, especially if he worked in a simple job, and then managed to build his own financial empire, which was confirmed by the American billionaire Jeff Bezos, who recalled his first job. In the details, the second richest man in the world shared a…
In addition to the shopping pleasure offered by The Dubai Mall, new experiences can be tested through the “Dubai Mall Summer Camp”, which offers children through its program many entertaining activities and various adventures. The camp organized by Emaar Entertainment, a subsidiary of Emaar Properties It is one of 4 summer camps where Emaar Entertainment…
The bitcoin currency fell Saturday, June 18, by 5.4% to reach levels of $ 19,396, which is the first time it has fallen below $ 20 thousand since 2020. While the price of “Bitcoin”, the largest and most famous digital currency in the world, witnessed a sharp decline last week by 11.55 The market value…
Her Excellency Maryam bint Mohammed Al Muhairi, Minister of Climate Change and Environment, launched the first project in the region to recycle organic waste and use it in the production of animal and fish feed using insects, with the aim of providing sustainable economic opportunities by addressing the challenges resulting from the accumulation of waste…
DUBAI : The UAE came among the top 5 tea-exporting countries in the world, with total exports of about 1.2 billion dirhams in 2020, according to the Federal Center for Competitiveness and Statistics.Sorry, the video player failed to load.(Error Code: 100013) The center’s data indicated that the most important 5 countries in the world in tea exports…
