Saudi ministry, Red Sea Authority to boost coastal tourism
Riyadh, Saudi Arabia -- The Saudi Red Sea Authority, in cooperation with the Ministry of Tourism, has launched the "Seas...
Business
Work-life imbalance, mental health hit women hardest
Despite widespread cultural and contextual differences, many women around the world are experiencing similar challenges in and out of the...
Opinion
Bahrain Bourse taps Oxford Business Group for ESG reports
OBG research is expected to analyze the steps that publicly listed companies are taking to adopt and fully embrace ESG...
Business
Fans to return in small numbers to UAE leg of Indian Premier League
The Board of Control for Cricket in India, in a statement on its website, has confirmed the earlier reports, which...
- The first of the 13 remaining IPL matches is scheduled to be played this Saturday
- Tickets are expected to go on sale from Thursday on platforms including the official IPL website
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
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Saudi ministry, Red Sea Authority to boost coastal tourism
Riyadh, Saudi Arabia -- The Saudi Red Sea Authority, in cooperation with the Ministry of Tourism, has launched the "Seas...
Business
Company News
Latest News
Yanbu NPC loss $129m
Business
Aramex Q4 net profit doubles
Business
Women returners to MENA workforce can contribute $385bn to GDP
Doha, Qatar -- Women returning to the workforce following a career break have the potential to contribute nearly $385bn to...
Business
CI Capital 2023 revenue $134m
The firm’s performance was fueled by strong growth.
Mubadala, co-investors buy Truist stake
TIH is the fifth largest insurance broker in the United States.
Business
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Business
PIF acquires 40% of Zamil Offshore
Zamil is one of the largest offshore support vessel operators.
- PIF said the investment will enable Zamil to continue expanding its services and fleet to serve the growing demand for offshore support services.
- Incorporated in 1977, Zamil Offshore manages and operates more than 90 vessels in the Arabian Gulf.
Business
Dubai records over US$2.6bn in weeklong real estate transactions
DUBAI, UAE - A total of 3,543 real estate transactions worth over US$2.6 billion (AED9.8 billion) were conducted during the...
- A total of 3,543 real estate transactions worth over US$2.6 billion were conducted during the week ending February 9, 2024.
- A DLD report showed that 197 plots were sold for $315 million while 2,572 apartments and villas were purchased for $1.5 billion.
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.