BusinessLatest Business and Company Updates
Qatar Investment Authority Reduces Stake in Sainsbury’s Amid Shifting Investor Sentiment
Sainsbury's largest shareholder, the Qatar Investment Authority (QIA), has reduced its stake in the UK-based supermarket chain. QIA sold approximately 5% of its shares, equivalent to 109.4 million shares, priced at 280 pence per share. This transaction comes after QIA previously held a 14% stake in Sainsbury's, now lowering its
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RAKBANK Partners with Faturalab to Revolutionise UAE Supply Chain Finance
RAKBANK has entered into a strategic partnership with Faturalab, a prominent provider of smart supply chain solutions, aiming to transform supply chain finance for businesses across the UAE. This collaboration seeks to enhance financial workflows between buyers, suppliers, and banks,
e& Delivers Strong Q2 Financials with Subscriber Surge
e& has reported an impressive net profit of AED 3.5 billion for the second quarter of 2025, up 9.7 per cent year‑on‑year, driven by a substantial rise in its global subscriber base. The company’s performance outstripped the average analyst forecast of AED 2.84 billion, underlining
Steel Sector Forecasts Growth as Demand Set to Rebound in 2025
A positive outlook for the US steel industry has emerged, with experts anticipating a significant rebound in demand by 2025. After struggling with lackluster demand and low prices, steel manufacturers are optimistic that the economic revival will drive a surge
