Saudi Arabia achieves 73 percent increase in international tourist arrivals: UN report
The kingdom welcomed 17.5 million international tourists in the first seven months of 2024, leading G20 nations in tourism growth...
Economy
Domestic worker visa applications in UAE up 66% in June 2024, says a report
The UAE, relying on domestic workers (5% of the population), invests $3 billion annually, highlighting the rising demand for domestic...
Economy
Business
Aldar posts net profit of $0.84bn
The company's revenue in 2022 rose to $3.04bn.
- The company announced a Q4-2022 net profit of $0.27 billion, up 28 percent YoY
- The company's revenue in 2022 rose to $3.04 billion, up 31 percent YoY
Business
Industries Qatar’s profit surges
The company saw a 9 percent increase in its net profit.
- The company's board recommended cash dividend of QR 1.1 per share, equivalent to 110 percent of the nominal value of the share
- Incorporated as a Qatari joint stock company on April, 19, 2003, Industries Qatar has a share capital of QR 6,050 billion
Geostrategy
Bahrain loses state immunity bid in spyware lawsuit in UK filed by dissidents
According to Saeed Shehabi and Moosa Mohammed, Bahrain infected their computers with FinSpy spying software, allowing agents access their data.
- According to Saeed Shehabi and Moosa Mohammed, Bahrain infected their computers with FinSpy spying software, allowing agents access their data
- The software also allows users to enable microphones and cameras on electronic gadgets to perform live surveillance and monitor their whereabouts
Economy
Foot-and-mouth variant hits Iraq buffaloes, threatening livelihoods
This strain - never before recorded in Iraq - is resistant to the vaccines normally used in the country, leaving...
- The severe, highly contagious livestock disease has plagued Iraq for decades, but this year's outbreak has already had a devastating impact
- Laboratory tests have identified the SAT2 variant of the viral disease, the United Nations' Food and Agriculture Organization (FAO) said
Business
DEWA 2022 profit is $3bn
DEWA reported consolidated revenue of $7.46 billion.
- DEWA reported consolidated revenue of $7.46 billion and net profit of $2.17 billion
- DEWA’s minimum reserve margin in 2022 for power and water was 28% and 15.2% respectively
Business
UDC posts $107mn net profit
Established in 1999, UDC was first listed on the Qatar Exchange in June 2003.
- Established in 1999, UDC was first listed on the Qatar Exchange in June 2003
- It has an authorized share capital of 0.96 billion and total assets of $6 billion
Business
dans, MBRSC ink MoU for Aerospace Communications, Navigation and Surveillance Infrastructure
dans is the sole air navigation service providerfor four airports, including Dubai Airport, the world's top airport for international travellers.
- dans is the sole air navigation service providerfor four airports, including Dubai Airport, the world's top airport for international travellers
- MBRSC is the government organisation behind space satellite projects like the Emirates Mars Mission, Emirates Lunar Mission and the UAE astronaut programme
Geostrategy
Iran unveils an underground air force base. IRNA says
Last week, Iran claimed Israel launched a drone strike on a military plant in the central city of Isfahan.
- Last week, Iran claimed Israel launched a drone strike on a military plant in the central city of Isfahan
- Western powers accuse Iran of seeking to build nuclear weapons, something that Tehran has always denied
Geostrategy
Qatari, Bahraini foreign ministers discuss talks to resolve issues
Earlier in the last week of January, Bahrain's crown prince and Qatar's emir spoke by telephone. in a sign that...
- Earlier in the last week of January, Bahrain's crown prince and Qatar's emir spoke by telephone. in a sign that the two Gulf countries are making effort to improve ties
- In June 2017, the four countries - Saudi Arabia, the UAE, Bahrain and Egypt - severed diplomatic ties with Qatar, accusing it of supporting militant groups, which it denied
Economy
Integrate Middle East 2023 launches in Dubai on May 16
The event is predicted to bring in over 7,000 professional visitors when it takes place at Dubai World Trade Centre...
- The event is predicted to bring in over 7,000 professional visitors when it takes place at Dubai World Trade Centre from May 16 to 18
- Visitors will be able to explore products and services from the entire pro AV technology provider universe, ranging from world-class command and control centres
Most Read
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 Arabia achieves 73 percent increase in international tourist arrivals: UN report
The kingdom welcomed 17.5 million international tourists in the first seven months of 2024, leading G20 nations in tourism growth...
Economy
Company News
Latest News
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...
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...
Arts & Culture
EU reaches agreement on reforming bloc’s migration laws
Spain, which chaired the lengthy negotiations in its role holding the EU presidency, said on X, formerly Twitter: "A political...
Most Read
Geostrategy
15% increase in air traffic at UAE airports during COP28, says GCAA
ABU DHABI, UAE – Airports in the country witnessed a 15 percent increase in air traffic during the 28th Conference...
- The first day of COP28 - November 30 2023 - witnessed the highest daily air traffic rate in the history of civil aviation in the UAE with 2,848 flights.
- The General Civil Aviation Authority organized meets and daily communication sessions to discuss plans, improve air navigation management systems.
Research
79% UAE employees think digital skills crucial for success
Dubai, UAE – About 79 percent of UAE employees believe digital skills are crucial for business success, and 84 percent...
- The survey included over 5,500 working adults from the UAE, France, Germany, Ireland, Italy, Sweden, Switzerland, the Netherlands, and the UK
- A significant 81 percent of UAE employees also believe that businesses should actively foster the development of AI skills in their workforce.
Economy
Saudi Arabia eyes $13 billion from media sector
Riyadh, Saudi Arabia - Saudi Arabia aims to increase the media sector's economic contribution, targeting a GDP share of 47...
- In 2022, Saudi Arabia's media sector surged to SAR 17.4 billion ($4.6 billion), commanding 30% of the market share in the MENA region.
- The growth trajectory has been primarily propelled by a a tech-savvy consumer base, marked by a surge in demand for local content