Transformative New Murabba Stadium design in Riyadh revealed by PIF
Equipped with cutting-edge sporting technology, the stadium will offer an immersive and personalized experience for fans. Additionally, it will act...
Economy
Yanbu NPC loss $129m
Business
Drake & Scull to issue 2.4 billion shares
This will raise its share capital by $163 million to $944 million.
Business
Aramex Q4 net profit doubles
Business
DEWA 2023 net profit $2.15bn
Business
Stolen Van Gogh returned in IKEA bag displayed again
Arts & Culture
TECOM Group net profit up 49%
Business
Business
UAE firm retained as IPL healthcare partner
The Board of Control for Cricket in India has renewed retained VPS Healthcare as its healthcare partner for the Indian...
- VPS Healthcare has set up a 100-member multidisciplinary team for sports medicine and Covid-19 management
- Two medical teams, comprising doctors, nurses, paramedics and lab technicians, will be assigned to each stadium for every match
Business
TIER takes e-scooter service to Bahrain
This came as part of TIER’s ongoing expansion in the Middle East.
- Bahrain is the third country in the Middle East and 14th overall where TIER has a presence
- It launched in Bahrain by collaborating with the country’s Ministry of Transportation and Telecommunications
Business
Mubadala Petroleum, Eni partner for energy transition
The scope of the cooperation covers potential joint opportunities in Mena, South East Asia, Europe, and other regions of mutual...
- The MoU aligns with Mubadala Petroleum’s approach to Environmental, Social & Governance ESG considerations and its energy transition goals
- This includes pursuing a gas-weighted portfolio strategy that has seen the company’s asset base reach almost two-thirds natural gas
Chapman Taylor designs Jeddah park
The airport City Central Park is designed as a botanical garden.
- The Airport City in Jeddah is coming up adjacent to King Abdulaziz International Airport
- It is being projected as an upcoming destination for visitors from across Saudi Arabia and the GCC region
Oman Air inks deal in tourism push
The national carrier of Oman inked the deal with tripsnstay.
- The agreement follows the recent announcement of Oman easing travel restrictions
- The country on September 1 reopened its doors to vaccinated travelers with a negative PCR test result
Economy
Three in four in Lebanon are living in poverty: UN body
That number goes up to 5 out of 6 people when one redefines poverty beyond the usual fiscal lines and...
- Between June 2019 and June 2021, the inflation rate in Lebanon amounted to 281 percent
- This led to a rise in income poverty from 25 percent in 2019 to almost 74 percent in 2021
Business
EMotorad starts global journey with e-bike launch in UAE
The brand sees UAE as a major platform to showcase its futuristic products globally
- The brand sees UAE as a major platform to showcase its futuristic products globally
- EZYTRONIX and EM have joined hands to launch the flagship brand and establish EM products
Siemens hydrogen plant in Egypt
Siemens Energy expects to kickstart the hydrogen industry in Egypt.
- Siemens Energy and EEHC will pursue the development of a pilot project, comprising 100-200 MW of electrolyzer capacity
- This is will drive early technology deployment, establish a partner landscape, and set up off-take relations, among other things
Analysis
Snowden slams new Apple feature
The NSA whistleblower has said other companies following suit could lead to a torrent of privacy breaches across the board.
- Apple unveiled the features earlier this month, saying they would help limit digital contraband on its devices
- Experts have already warned against the feature, saying that it could be hacked or exploited
Economy
Mena region needs water resilience: World Bank
Without water resilience, the MENA region may see a loss of 6-14 percent of the collective GDP by 2050, says...
- A drought can reduce the economic growth of a city anywhere in the world by up to 12 percent, says the World Bank
- The MENA region, it says, has over 60 percent of the population living in areas with high water stress, compared with 35 percent globally
Transformative New Murabba Stadium design in Riyadh revealed by PIF
Equipped with cutting-edge sporting technology, the stadium will offer an immersive and personalized experience for fans. Additionally, it will act...
Economy
Company News
Yanbu NPC loss $129m
Business
Latest News
Aramex Q4 net profit doubles
Business
DEWA 2023 net profit $2.15bn
Business
Stolen Van Gogh returned in IKEA bag displayed again
Arts & Culture
Mubadala, co-investors buy Truist stake
TIH is the fifth largest insurance broker in the United States.
Business
PIF acquires 40% of Zamil Offshore
Zamil is one of the largest offshore support vessel operators.
Business
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Business
Aramex Q4 net profit doubles
The firm reported a marginal YoY decline in Q4 revenue.
- Aramex said the revenue growth in International Express was offset by the decline in revenues from other products.
- The company posted a 2 percent YoY growth in gross profit for Q4 2023, reaching AED 389 million and remained stable for the full year.
Business
DEWA 2023 net profit $2.15bn
The system demand for power surged to 56.5 TWh in 2023.
- The fourth quarter revenue was AED 7.1 billion and net profit AED 1.8 billion. The full-year audited results are expected to be released in the first week of March 2024.
- DEWA’s annual consolidated revenue increased by 7 percent, mainly driven by an increase in demand for electricity, water and cooling services.
Arts & Culture
Stolen Van Gogh returned in IKEA bag displayed again
Rotterdam, Netherlands -- A precious Vincent van Gogh painting stolen and then handed to a Dutch art sleuth in an IKEA...
- The 1884 "Parsonage Garden at Nuenen in Spring", worth up to six million euros ($6.8 million), was unveiled to media at a Rotterdam museum, with damage from the theft still visible
- Wednesday's showing was just for media, but the public will be able to view the painting from March 29 in Groningen Museum, in the north of the Netherlands.