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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.
  • Saudi coffee legacy percolates through the generations

    Saudi Aramco, the oil company, will establish a coffee center in Jizan while using "advanced irrigation techniques to improve agricultural...

    An integral part of Saudi culture, red Khawlani coffee beans are so popular that 2022 has been designated the Year of Saudi Coffee

    The government has started a campaign to promote its coffee asking restaurants and cafes to say Saudi coffee instead of Arabic coffee

  • Disney+ shines amid streaming TV competition

    Disney saw streaming subscriptions pick up pace as pandemic restrictions ease, while Netflix saw them slow.

    Disney+ saw its big studio muscle help it reach 129.8 million subscribers worldwide, some 5 million more than predicted

    Netflix ended the year with 221.8 million subscribers, a massive number, but it announced slowing growth

  • Jordan announces program of jurisprudence lessons in the Kingdom’s mosques

    The initiative is about enlightening people on the matters of their religious jurisprudence and compliance with the hadith of the...

    The initiative is about enlightening people on the matters of their religious jurisprudence and compliance with the hadith of the Prophet

    The initiative also aims to introduce scholars, mosque pioneers and students of knowledge to jurisprudence and its meanings in Qur’an and Hadith

  • ‘Hey Jude’ NFT fetches $77k at auction

    Originally entitled "Hey Jules", the Fab Four's hit was written in 1968 by Paul McCartney to comfort a young Julian...

    Originally entitled "Hey Jules", the Fab Four's hit was written in 1968 by Paul McCartney to comfort a young Julian Lennon during father John's separation from his mother

    The NFT version of the notes was presented as an animation in which the words are progressively inscribed on the page and was accompanied by an audio commentary from Lennon junior

  • Lebanon returns 337 artifacts from different eras to Iraq

    The items returned have been characterized as ‘witnesses to the childhood of human history.’

    The artifacts had been on display in a Lebanese museum for several years

    The items are said to have included clay tablets and pieces of pottery

  • On social media demand, Kuwait to ban film starring Israeli actress

    Kuwait will ban a new film adaptation of Agatha Christie's whodunnit "Death on the Nile" with a cast of Hollywood...

    Social media users pointed to Gal Gadot's praise of the Israeli army and her criticism of the Palestinian Islamic movement Hamas during the 2014 war in Gaza.

    Gadot is best known for the lead role in the 2017 Hollywood blockbuster "Wonder Woman" which was banned in some Arab countries.

  • Elizabeth II wants Camilla to be Queen Consort

    Four days of festivities are planned for early June, coinciding with the anniversary of her 1953 coronation.

    There will be ceremonial gun salutes in London's Green Park, close to Buckingham Palace, and at Edinburgh Castle in Scotland as Elizabeth's Platinum Jubilee starts

    Elizabeth ll is the first Monarch in history to reach the historic milestone of 70 years on the throne

  • Oman fines men for wearing wrong dishdasha

    The hallmark of the Gulf sultanate, the long and elegant robes Dishdashas, have fallen prey to rising hemlines and elaborate...

    Omani ministry set dress code on dishdasha that it should be made mostly out of cotton with embroidery only on the collar, front slit and cuffs. The fabric must be a single color

    Anybody caught violating the dress code will be fined 1,000 Omani rials ($2,600), or double that in the case of a second violation

  • GCC leaders witness KSA’s debut in Winter Olympics

    Key regional leaders were present as Saudi Arabia on Friday made its first appearance at the Winter Olympics after alpine...

    Saudi Arabia makes its first appearance at the Winter Olympics after alpine skier Fayik Abdi qualified to compete in Beijing 2022

    Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani and Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed attended the event

  • The NFT artist who sold a trashcan image for $252,000

    The image, by American artist Robness, called "64 gallon toter", depicts a large plastic trashcan with glitching effects, giving it...

    NFTs are unique pieces of computer code stored on a longer chain of code known as a blockchain, with a link to an artwork or other item.

    There is a lot of money to be made in the NFT art world -- auctions and purchases from celebrities contributed to sales worth more than $40 billion last year.