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DAE 9M net profit $310m

The company said this was a 54.9 percent YoY increase in net profit.

ADNEC to acquire ‘Royal Catering’

Royal Catering has more than 2.500 employees.

PIF sets up sarcc company

The new entity will address growing staff accommodation demand.

Boeing to cut 10% of workforce

The company has projected a large third-quarter loss.

AviLease acquires 9 aircraft from Avolon

AviLease had purchased 13 aircraft from Avolon in 2023.

  • Could movie theaters help stave Netflix decline?

    With box offices bouncing back from the Covid-19 pandemic, and Netflix stock plummeting after its first loss of subscribers in...

    Releasing films on big screens before offering them to subscribers would have seemed anathema to Netflix's successful business model

    It is this model that has already sent the likes of Disney and Warner scrambling to catch up in the so-called streaming wars

  • Arab Brazilian Chamber, FUNAG sign cooperation MoU

    The agreement is expected to reinforce the ABCC’s operations in the cultural area and allow for it to get closer...

    The cooperation agreement apparently provides for a collaboration in research, studies, and academic activities in areas of common interest

    These include bilateral relations and diplomatic history, trade, investment, science, technology and innovation, sustainable development, and energy

  • 4,500-year-old stone statuette found in Gaza

    Carved out of limestone and 22 centimeters long, the 2500 BC statuette was found by a farmer working his land...

    The find was the latest in Gaza, where tourism at archaeological sites is limited due to an Israeli blockade imposed since the militant group Hamas took over the enclave in 2007.

    In February, workers at a construction site in northern Gaza discovered 31 Roman-era tombs dating to the first century AD.

  • Asian Games in China faces possibility of postponement: Official

    The 2022 Asian Games in China is facing the possibility of being postponed, an official told AFP on Thursday, after...

    The Olympic-sized event is scheduled to be held in September in Hangzhou near Shanghai, which is grappling with a major coronavirus emergency.

    Most international sports events have been on hold in China since the Covid-19 pandemic, although Beijing hosted the Winter Olympics in a strict bio-bubble in February.

  • David Cronenberg puts kidney stone pic on sale

    The director has put up a picture of his newly removed kidney stones for sale for $30,000 as an NFT.

    The Canadian has put up a picture of his newly removed kidney stones -- which he calls "Inner Beauty" -- up for sale for $30,000 as an NFT.

    The auction comes as Cronenberg prepares to premiere his new movie, "Crimes of the Future", at the Cannes film festival next month.

  • Bahraini artisans toil to preserve sugar-coated tradition

    As Bahrainis celebrate Ramadan along with the rest of the Muslim world, the holy month is a period of appreciation...

    As Bahrainis celebrate Ramadan along with the rest of the Muslim world, the holy month is a period of appreciation for traditional sweets

    A thick mixture of sugar, saffron and freshly blanched almonds is transformed into a uniquely Bahraini version of the ubiquitous Middle Eastern dessert: halva

  • UAE approves weeklong Eid al-Fitr holiday

    The UAE Cabinet announced that the period from Ramadan 29 through 3rd Shawwal 1443 will be a paid Eid holiday...

    The UAE Cabinet announced that the period from Ramadan 29 through 3rd Shawwal 1443 will be a paid Eid holiday for all private sector workers

    The holy month of Ramadan began on April 2 for most Muslim countries, following observations from the International Astronomical Center

  • UAE government holiday for Eid al-Fitr begins on 29th day of Ramadan

    The holiday will last till the third day of the month of Shawwal, which is yet to be declared.

    The holidays will begin on Tuesday, the 29th day of Ramadan

    That date corresponds to April 30 on the Gregorian calendar

  • Saudi Fashion Commission, Chalhoub Group to explore opportunities

    The agreement is said to align with the objectives of the Fashion Commission to enhance collaboration and empower the sector...

    The MoU sets out a framework for the creation of leadership roles furthering nationalization in the fashion retail sector

    It is also to secure commercial spaces for the display of work by Saudi designers, and provide training courses in the field

  • Netflix reports subscriber drop

    It ended Q1 2022 with fewer subscribers than Q4 2021.

    Factors hampering Netflix’s growth include subscribers sharing accounts with people not living in their homes

    Another factor crimping Netflix’s growth is the intense competition from titans such as Apple and Disney