Trade

The port of Rotterdam, Europes largest seaport, announced a 15% leap in freight volumes on a year-on-year basis in the third quarter. This increase comes as international trade continued to recover from its COVID-19 induced slump. Port of Rotterdam Chief Executive Allard Castelein had the following to say regarding the...

Abu Dhabi National Oil Co.’s drilling unit rose by 33% over the course of its trading debut. This comes after the company raised 4.05 billion dirhams ($1.1 billion) to become the biggest ever Emirati IPO. Adnoc shares rose on Sunday from an initial asking price of 2.30 dirhams to 3.05...

Valued at approximately $600 million, the port of Haifa is currently an acquisition target of four investment groups, each of which is expected to launch a bid for the port by October of this year. In an effort to promote competition and reduce costs, Israel has decided to sell...

With vital inflation data scheduled to be released publicly later this week, future shares traded on the Nasdaq and S&P 500 dropped on Monday amid investor uncertainty. Technology shares similarly experienced declines of their own, with hi-tech heavyweights largely rejecting a deal by members of the Group of Seven (G7)...

Kering SA, the owner of luxury brands such as Gucci and Saint Laurent, decided to sell its 5.9% stake in Puma SE; the equivalent to a $1 billion share in the company. In total, the French company sold 8.9 million shares to the value of 90.3 euros per share....

MicroVision Inc has been a hot topic lately, with its shares soaring to 47% earlier this week. This has led many to believe that the meme stock trend isn't wavering in the slightest, and that we may continue to see the fruits of its labor in the future. A company...

We all remember how intense things got around this time last year. The pandemic caused people to panic-shop across America, pillaging supermarkets for goods such as toilet paper, hand sanitizers, and all kinds of cleaning products you can possibly imagine. Yeah, things got pretty crazy, and there were shortages...

The value of gold has embarked on a steady rise as of late as investors focus their sights on the timeline for a U.S. stimulus package and its impending effect on the value of the dollar. This cautious outlook on markets has aided gold in its recovery from a...

Biotech firm Moderna and ride-sharing company Uber have announced their intention to partner up in an effort to promote coronavirus vaccine distribution and improve ease of access. In an announcement on Tuesday, the companies revealed that the first stage of their partnership would involve providing the public with “credible information”...

Stock markets across the Middle East have rallied this past week as a result of optimism surrounding the ongoing coronavirus vaccine rollouts taking place across several nations in the region. The front runner is the United Arab Emirates, while indexes in Israel and Oman have also increased significantly thanks to...