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Person, Human, Icing

Greek graviera cheese could soon be off the menu

In a small factory on the Greek island of Naxos, workers are busy churning out its famous graviera cheese. At least, they are for now. A crisis unfolding on the island’s farms is sparking fears that the locally-produced pale yellow wheels may soon start to disappear from the cheese counter. Standing among his cows in […]

London has long been an attractive area for Middle Eastern investors but they are now turning their sights away from the city centre

Lure of London homes is hard to resist for Arab buyers

International appetite for London’s property market has picked up with Arab buyers expected to play a key role in its post-Covid recovery. The pandemic impacted every sector of the UK economy, with house-buying in England’s capital no exception. As global investment retrenched, the market became increasingly dependent on domestic buyers and resident non-doms for new […]

Tie, Accessories, Accessory

Qatar to invest $5bn in Spanish projects, Emir says

Qatar’s $300 billion sovereign wealth fund plans to invest $5 billion in Spanish projects, the Gulf state’s ruler said late on Tuesday at a dinner held in his honour in Madrid. Spain’s Prime Minister Pedro Sanchez said on Tuesday that Emir Sheikh Tamim bin Hamad Al-Thani told an audience at a dinner held in King […]

Tie, Accessories, Accessory

Russian oil dilemma may kickstart EU-GCC trade deal

A new partnership adopted today between the European Commission and the Gulf Cooperation Council (GCC) could kickstart stalled talks on a free trade agreement. The High Representative and the European Commission said in a joint communication that the strategic partnership would focus on areas such as energy security, climate change and the green transition, digitalisation, […]

Person, Human, Guitar

A history of music streaming

Napster and BitTorrent initially changed the way people thought about music in 1999 before being taken down for unauthorised use of copyright material. iPod launched in 2001 and by the mid-2000s, Pandora and Spotify had both launched. Make some noise for Anghami’s Elie Habib The music industry shunned the new platforms at the start, with […]

US private equity group buys UK power plant giant for £1.75bn

ContourGlobal, the UK power plant owner, has agreed to be taken over by KKR, the New York-based private equity giant, for £1.75 billion after an underwhelming four-and-a-half-year stint on the public markets. The FTSE 250 company said its board intended to recommend the “fair and reasonable” all-cash acquisition at 263.6p a share, a 36 percent […]

Borouge produces polyolefins used in cars and food packaging

Borouge to sell 10% of shares in IPO as it lists on ADX

Abu Dhabi National Oil Company (ADNOC) and its Austrian chemicals partner Borealis AG are planning an initial public offering (IPO) of their petrochemicals joint venture Borouge on the Abu Dhabi Securities Exchange (ADX). Borouge, a specialty plastics firm that produces polyolefins used in items such as cars and food packaging, said its offering will consist […]

Juan Carlos and Felipe of Spain

Juan Carlos to visit Spain after two years in UAE exile

The former king of Spain, Juan Carlos, will travel to his country this weekend for the first time since he left under a cloud of scandal in August 2020, making his home in the United Arab Emirates. Juan Carlos, 84, is visiting the northern region of Galicia for a boating event, according to the mayor […]

Etisalat launched its e& identity in February

$4.4bn sounds a lot but e& has made the right call on Vodafone

Vodafone and e&, formerly known as Etisalat, will look to launch new products globally while working together to make greater efficiencies following the UAE telco’s deal to buy a $4.4 billion stake. Following the announcement that the UAE’s biggest telecoms operator has acquired a 9.8 percent stake in British mobile operator Vodafone Group, AGBI spoke […]

Magdalena Andersson, prime minister of Sweden, said her government did not want permanent NATO military bases on its territory

Sweden seeks to overcome Turkish objections to NATO bid

Sweden is formally applying for NATO membership, prime minister Magdalena Andersson said on Monday. “The government has decided to inform NATO that Sweden wants to be accepted as a member of NATO,” Andersson told reporters, adding that the application could be handed in on Monday, Tuesday or Wednesday. It will be synchronised with Finland’s request […]

The Moskvich, an icon of Russian car manufacturing, will be making a comeback after 20 years

Renault sells Russian carmaker Avtovaz for one rouble

Renault is to sell its majority stake in carmaker Avtovaz to a Russian science institute for just one rouble with a six-year option to buy it back, leaving the door open for the French carmaker’s return. Moscow Mayor Sergei Sobyanin said to preserve thousands of jobs Renault’s plant in the city would be used to […]

Emirates should be allowed to fly to Berlin, says German exec

The bilateral air service agreement between Germany and the United Arab Emirates should be expanded to allow Dubai’s Emirates airline to operate direct flights to more cities, including the capital Berlin, a senior official from the Middle East office of the German National Tourist Board (GNTB) told AGBI. Under the existing air services agreement between […]

Indian Prime Minister Narendra Modi was one of many world leaders to express their condolences

Messages of sympathy pour in from around the globe

Leaders from the Gulf, the wider Middle East and around the world have offered their heartfelt condolences after the death of Sheikh Khalifa bin Zayed Al Nahyan, the President of the United Arab Emirates and ruler of Abu Dhabi. Here are some of the messages of sympathy The UN offices in the UAE said: “In this […]

Newcastle United's away shirt next season

Newcastle United strip to be Saudi Arabia green

Newcastle United’s away kit for next season will be green and white, to reflect the club’s new owners from Saudi Arabia. Public Investment Fund (PIF), Saudi’s sovereign wealth fund, bought an 80 percent stake in the football club for £305 million last October. And to attract more supporters from the region the players will wear […]

Suit, Clothing, Coat

Why London-Dubai tech tie-up hits investment ‘sweet spot’

The London Technology Club (LTC), a community in Europe for investment opportunities in the technology sector, has announced the launch of LTC Dubai, its first international investment hub. The hub is supported by Global Ventures, the international venture capital firm focused on investing in emerging market founders. Konstantin Sidorov, founder, CEO and general partner of […]

Person, Human, Audience

Who is Konstantin Sidorov?

Konstantin Sidorov is an international entrepreneur and investor with over 25 years’ experience in building, developing and restructuring businesses within the tech sector.  He has successfully built and sold several IT businesses. In 2016 he sold the Eastern European division of RRC Group to a leading US-listed distributor Ingram Micro. In 2020, he sold his […]