Amazon agrees to buy iconic Metro-Goldwyn-Mayer movie company for $8.45b

New York: Amazon.com Inc. agreed to buy the Metro-Goldwyn-Mayer movie company for $8.45 billion, a bet that a nearly century-old Hollywood icon can feed an insatiable demand for streaming content. The takeover is Amazon’s biggest acquisition since it agreed to buy Whole Foods in 2017 for $13.7 billion but follows investments of about $11 billion […]

Region’s automotive industry on path to recovery, say experts

The Middle East region’s automotive market will recover fully from the pandemic-induced dip, said experts from the industry. While full recovery could take up to four years, many market analysts say they have already started seeing signs of rebound, driven by the implementation of digital tools and the region’s COVID-19 vaccination efforts. These positive messages […]

$190billion is what COVID-19 vaccine makers will make this year

COVID-19 vaccine makers stand to gain as much as $190 billion in sales this year if they hit production targets, with two Chinese companies accounting for at least a quarter of the revenue. The estimate from Airfinity Ltd. sheds new light on how nine companies including U.S.-based Pfizer Inc. and Moderna Inc., along with China’s […]

Project Chaiwala: Emirati-Indian duo brings love of tea and street culture to UAE

Dubai: The UAE and India share a long history of close cultural and commercial ties. And two friends living in Dubai decided to give up their thriving corporate careers to create a delectable fusion of the two cultures — very much in keeping with the long tradition of friendship and bonhomie between the two nations. […]