$9.9bn transport investments boost Qatar’s logistics efficiency
Dubai, UAE -- Qatar Chamber has underscored Qatar's significant strides in the transport sector, positioning the nation as a formidable...
Business
Sustainable aviation fuel production lags behind demand: IATA official
Dubai, UAE -- The current production of sustainable aviation fuel (SAF) represents less than 1 percent of the sector's demand,...
Business
DMCC Crypto Centre to champion cryptographic technologies in Dubai
Co-working spaces for crypto entrepreneurs within the Jumeirah Lakes Towers district Center will house a leading crypto advisory practice led...
DP World to expand energy efficiency pact with Etihad ESCO
MoU covers energy performance contracting projects, solar on-grid installations, IT solutions Etihad Energy Services currently retrofitting buildings in DP World's...
Covid-19: South Asia travelers to Bahrain need a test on arrival
Travelers will have to quarantine for 10 days before the second test Passengers from ‘red-list’ countries need to present proof...
Optimism in the air as Airport Show begins in Dubai
3-day exhibition attended by 95 exhibitors from 21 countries 50 percent improvement in the global passenger Kms likely by mid-2021...
Dubai Chamber to host Global Business Forum Africa in October
The Forum is being held on the sidelines of Expo 2020 Dubai The event aimed at promoting Dubai as a...
ADNOC to set up a world-scale blue ammonia project in Abu Dhabi
The facility will have a capacity of 1,000 kilotons per annum ADNOC is already producing 300,000 tons of hydrogen annually...
French PM pledges to help Tunisia reform
French Prime Minister Jean Castex calls reforms in Tunisia important for relations between two countries
$9.9bn transport investments boost Qatar’s logistics efficiency
Dubai, UAE -- Qatar Chamber has underscored Qatar's significant strides in the transport sector, positioning the nation as a formidable...
Business
Company News
Subscription opens to Alinma EMF
Business
Saudi Catering, RSG ink pacts
Business
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Saudi tourism on growth path despite hiccups
Infographics
Falconers meet in Abu Dhabi for special auction from Sept 2-8
Abu Dhabi, UAE -- Following the success of the Falcon Auction in the last edition of Abu Dhabi International Hunting...
Arts & Culture
Sharjah records real estate deals worth $517 million in July
Sharjah, UAE -- Sharjah has recorded real estate transactions worth AED1.9 billion ($517 million) during July 2023, according to the monthly...
Business
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Business
AD Ports Group Q2 net profit $84m
The Group posted 66% year-on-year revenue growth.
- Maritime, Digital, and Ports Clusters were the key growth drivers with 208 per cent, 26 per cent, and 22 per cent year-on-year, respectively.
- AD Ports Group Q2 2023 EBITDA rose by 29 per cent year-on-year to AED686 million, mainly driven by maritime, digital, and ports clusters as well as acquisitions.
Economy
Saudis, Emiratis gain wealth, but disparity remains
In 2022, 45 percent of adults in Saudi Arabia had a net worth of less than $10,000, against 43 percent...
- The net worth per adult in Saudi Arabia surged by an impressive 8.6 percent in 2021, followed by a 6.6 percent increase in 2022, both measured in US dollars.
- The Gini coefficient for wealth inequality in 2022 was 86.7 in Saudi Arabia and 86.9 in the UAE, placing both nations among the highest in global wealth inequality rankings.
Business
Riyad Capital okays 2.5% cash dividend
The SAR 0.25 per unit dividend will be paid to Riyad REIT Fund's unitholders.
- The distribution represents 2.19 percent of net asset value (NAV) as of June 30, 2023.
- Riyad REIT is a closed-ended Shariah-compliant real estate investment traded fund.