US video game industry scored $43.4 billion record sales in 2018

San Francisco: From “Fortnite” to “Pokemon Go,” play in the US drove video-game industry revenue to a record-setting $43.4 billion last year, according to data released Tuesday. Spending on games in the US in 2018 climbed 18 per cent from the previous year, according to figures from the Entertainment Software Association (ESA) and market tracker […]

Al Waleed’s Kingdom backs Uber merger talks with Careem

Dubai: Kingdom Holding Co., one of Careem Networks FZ’s biggest backers, supports a potential merger between the Middle East ride-hailing firm and Uber Technologies Inc., according to the head of Prince Al Waleed Bin Talal’s investment firm. “We don’t interfere nor are we party to the discussions, and if it ever happens I think we […]

Medicity: New mega complex with colleges, hospitals to open in Ajman, UAE

Dubai: The healthcare business is expanding into Dubai’s neighbouring emirates, with Ajman expected to see the launch of a mega medical complex in the next few months. UAE-based company Thumbay Group announced that it will be officially inaugurating its new Dh1 billion Medicity project in March and it will be serving more than 20,000 people daily. […]

Saudis will support Lebanon ‘all the way’ — finance minister

Dubai: Saudi Arabia will support Lebanon “all the way” to protect its stability, the Saudi finance minister said, after Qatar announced it would buy $500 million (Dh1.83 trillion) worth of US dollar bonds issued by Beirut to support the Lebanese economy. Lebanon has one of the world’s highest levels of public debt as a proportion […]