GACA report: Riyadh’s King Khalid Airport ranked best for 15M+ passengers
Riyadh, Saudi Arabia - King Khalid International Airport in Riyadh secured the top spot in the category of airports with...
Business
UAE launches national strategy to combat money laundering, terror financing
The strategy focuses on risk-based compliance, international cooperation, effective supervision, and disrupting illicit financial activities through improved data collection, analysis,...
Economy
Business
ADNOC to float 4% minority stake in ADNOC Gas on ADX
ADNOC Gas, formed in January 2023 through the consolidation of ADNOC’s gas processing and LNG businesses, is a large-scale integrated...
- ADNOC Gas, formed in January 2023 through the consolidation of ADNOC’s gas processing and LNG businesses, is a large-scale integrated business operating across the gas value chain
- The company’s twelve-month adjusted revenues to October 2022 totaled $24.9 billion, with the company delivering adjusted EBITDA of $8.7 billion and net income of $4.8 billion
Business
Qatar Oman Investment Co’s profit drops
Earnings per share declined to QR 0.006 in 2022.
- Earnings per share (EPS) declined to QR 0.006 in 2022, compared to an EPS of QR 0.016 in the previous year
- Qatar Oman Investment company was established in 2006, with a capital of $86 million
Business
AstraZeneca to move to Dubai Science Park with new sustainable offices ahead of COP28
Set to open in Q3 2023, the move is part of the biopharmaceutical giant’s global green agenda.
- Set to open in Q3 2023, the move is part of the biopharmaceutical giant’s global green agenda
- The company recently held its first multilateral engagement on health and climate at COP27
Business
Etihad Airways to run three Abu Dhabi-Lisbon flights a week
Abu Dhabi, UAE - Etihad Airways is introducing a new direct service between Abu Dhabi and Lisbon, effective from 2nd...
- The airline will be connecting Abu Dhabi to Portugal’s capital city right in time for the summer holidays.
- Etihad Airways will be offering travelers nearly 160 weekly flights to 21 destinations in Europe this summer.
Business
Investopia, Mubadala ink strategic partnership
DUBAI, UAE - Investopia, the global investment platform launched by the UAE Government, and Mubadala, the sovereign investor, announced a...
- Mubadala and its portfolio companies will expand their participation across the different activities taking place during Investopia.
- The pact will include the participation of Mubadala’s senior leadership in the program, the firm's engagement in the various activities targeting start-ups.
Business
Abu Dhabi Chamber, India’s FICCI explore areas of collaboration
ABU DHABI, UAE - The UAE and India share solid relations, said the Abu Dhabi Chamber of Commerce and Industry...
- The Indian delegation was headed by the Assistant Secretary-General of the Federation of Indian Chambers of Commerce & Industry.
- The delegation included representatives of over 30 private companies across a wide range of industries.
Geostrategy
UN likely to vote Monday on call for Israel to stop settlements
The 15-member council is likely to vote on Monday on the text, drafted by the United Arab Emirates in coordination...
- The 15-member council is likely to vote on Monday on the text, drafted by the United Arab Emirates in coordination with the Palestinians
- US Secretary of State Antony Blinken has already expressed deep concern over Israel’s decision to authorize nine Jewish settler outposts in West Bank
Economy
Abu Dhabi economy grows fastest in MENA region at 10.5%
The emirate has launched a number of initiatives in recent years as it focuses on diversifying its economy away from...
- The emirate has launched a number of initiatives in recent years as it focuses on diversifying its economy away from oil
Geostrategy
US-GCC Working Group on Iran holds 3rd meeting in Riyadh
The meeting was co-chaired by Sheikh Ahmed bin Hashel Al-Maskari, Head of the Omani Foreign Ministry's GCC Department.
- The meeting was co-chaired by Sheikh Ahmed bin Hashel Al-Maskari, Head of the Omani Foreign Ministry's GCC Department
- The meeting comes within the framework of the strategic partnership between the GCC and the USA
Business
All events in UAE serving alcohol need CID clearance from Feb 15
The permit can be applied for by the hotel on behalf of the event organizer or client for a fee...
- The permit can be applied for by the hotel on behalf of the event organizer or client for a fee of $340 per event and per day
- All events, commercial and non-commercial, must apply for the permit at least 14 days in advance and submit the required documentation
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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
GACA report: Riyadh’s King Khalid Airport ranked best for 15M+ passengers
Riyadh, Saudi Arabia - King Khalid International Airport in Riyadh secured the top spot in the category of airports with...
Business
Company News
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Empower 9M revenue $618m
Business
UAE insurance sector grows with rise in gross written premiums in Q3 2023
Abu Dhabi, UAE - The Central Bank of the UAE (CBUAE) has said that the UAE insurance sector continued to...
Economy
Central Bank of Egypt keeps interest rates unchanged
Cairo, Egypt – The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has kept the current key...
Economy
Most Read
Economy
UAE banking sector sees $71.87 billion in savings deposits until October 2023
Dubai, UAE - Savings Deposits in the banking sector in the UAE, excluding interbank deposits, hit $71.87 billion by the...
- The local currency, the dirham, accounted for the largest share of Savings Deposits, with around 82 percent, which is $59.12 billion
- Demand Deposits rose to $262.77 billion at the end of October 2023, with an annual growth rate of 5.6 percent
Arts & Culture
Middle East dish Harees inscribed on UNESCO list of Intangible Cultural Heritage
Abu Dhabi, UAE - The popular traditional food Harees is now inscribed on the UNESCO Representative List of Intangible Cultural...
- Harees is a porridge-like dish that is most often eaten during important family gatherings, such as weddings, as well as at national and religious holidays
- The addition marks the fifteenth element inscribed on behalf of the UAE on UNESCO's lists, continuing a series that commenced in 2010 with the inclusion of falconry
Arts & Culture
From the Ashes: Saudi film inspired by true events set to premiere on Netflix
Riyadh, Saudi Arabia - "From the Ashes," a Saudi film inspired by true events, is poised to debut on Netflix...
- The film intricately unfolds within the confines of an all-girls' school, where a seemingly routine day takes a harrowing turn when a fire erupts in the school's basement
- What ensues is a riveting portrayal of chaos, panic, but above all, the resilience and fortitude of those trapped within