UAE approves $8.2 Billion Stimulus Package to boost Economy
Mohammed Bin Rashid Al-Maktoum, Vice president, prime Minister and Ruler of Dubai, said in an announcement that the UAE government has approved an AED30 billion ($8.2 billion) package to support economic growth in potential companies. Sheikh Mohammed gave approvals for the Emirates Developmental Bank (EDB) in this regard. He said in a statement that the […]
LG closes down Smartphone Business after heavy losses
LG is a South Korea based electronics company, which is very well known across the nations. It has incurred heavy losses of around $4.5 billion for the past 6 years. Hence, now the LG Electronics has made a statement that they are going to shut down their smartphone business. This decision was approved by the […]
India’s L&T Secures Solar Power Project in Saudi Arabia
Larsen & Toubro (L&T) in India is one of the top most contractors in the world. This is a well known Indian multinational technology, engineering, construction, manufacturing and financial service, with its headquarters at Mumbai. In this April 2021, they have made an announcement to set up a Sudair Solar power plant project in Saudi […]
Digitising Finance in 2021: Why now?
A major challenge nowadays for all organizations is digitalising finance functions. A survey reveals that one in 50 companies the CEO’s top five priorities will definitely rank the term ‘digital’ in the early 2000s, according to Gartner. Gartner confirms that the proportion of businesses that have a digital strategy rose from 62 to 82% in […]