Air Arabia Egypt marks its first flight to Istanbul
CAIRO, Egypt – Air Arabia Egypt on Sunday commenced its first non-stop flight from Cairo International Airport to Sabiha Gökçen...
Business
Saudi Arabia offers 50% discount on accumulated traffic fines before April 18
Riyadh, Saudi Arabia - The Saudi Ministry of Interior has announced a significant measure aimed at reducing the burden of...
Economy
Public schools in UAE set to welcome back students on August 29
UAE public schools will reopen for physical learning on August 29 for the academic year 2021-22 The announcement was made...
Post-merger Saudi fund to rival world’s biggest
The merger would reduce costs and help increase investment returns The merged entity now boasts of assets worth $250 billion...
Saudi traders can now receive payment from patrons with a smartphone
“Tap to phone” solution uses near-field communication technology The move is in line with Saudi Arabia’s goal to modernize its...
Saudi Arabia’s Bank Aljazira taps into debt market
Saudi Arabia’s Bank Aljazira will issue US-denominated capital certificates that could reach up to $500 million, the Saudi bank said...
Qatar most peaceful country in MENA region
Qatar ranked the 29th most peaceful country by the Global Peace Index, two places higher than last year's ranking Violence...
UAE Microsoft Cloud centers have a positive impact on economic growth
A study has shown Cloud ecosystem will generate $27 billion in the next four years Microsoft and its partner ecosystem...
Kuwait sovereign fund loses gleam as politicians squabble over make-up of board
The term of the board overseeing the fund expired two months ago This dispute is also delaying investment and economic...
Jordan approves a slew of measures to revive tourism in Petra
Once a great attraction for tourists, the region was badly affected by Covid-19 curbs Among the initiatives approved during a...
Estimated IVF market in UAE, KSA, Egypt about $1b
Colliers white paper explains why IVF popular in MENA region despite high population growth IVF one of leading treatments undertaken...
HSBC commits funding to UAE coastal ecosystem restoration project
Project aimed at mitigating climate change and driving socio-economic benefits such as eco-tourism and food security Bank has committed US$100...
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
Air Arabia Egypt marks its first flight to Istanbul
CAIRO, Egypt – Air Arabia Egypt on Sunday commenced its first non-stop flight from Cairo International Airport to Sabiha Gökçen...
Business
Company News
Latest News
Dubai Land Department calls for engaging accredited valuation offices
DUBAI, UAE – The Dubai Land Department (DLD) is committed to providing property owners with easily accessible resources to reinforce...
Business
Israeli bombing leaves Gaza with no safe zones, says Russia to UN
New York, USA - There are no safe zones left in Gaza amid Israeli strikes, Russian Permanent Representative to the...
Geostrategy
Oil prices edge up on Iraq’s backing for OPEC+ output cuts
New York, United States - Oil prices saw a modest 2% increase on Friday, boosted by Iraq's expressed support for...
Economy
Most Read
Business
EDGE buys 50% stake in Flaris, marking strategic expansion into aviation technology
Abu Dhabi, UAE -- The UAE’s EDGE Group, one of the world’s leading advanced technology and defence groups, has announced...
- The two companies will also establish a joint venture, enabling EDGE to further develop Flaris’ portfolio of jets
- The innovations resulting from this joint venture will be showcased at the upcoming Dubai Airshow 2023
Business
TASI-listed firms report an aggregate net profit of $48.1bn in Q3
RIYADH, SAUDI ARABIA - Tadawul-listed companies reported a US$48.1 billion (SAR 157.09 billion) aggregate net profit for the third quarter...
- Sector-wise, the energy sector contributed the largest portion of the aggregate net profit of Saudi listed companies in Q3 2023.
- The banking sector accounted for 11.5 percent of the market’s aggregate profit, coming in second in terms of the most profitable sectors.
Economy
Dubai govt approves incentives to boost emirate’s economy
Dubai, UAE – Dubai government on Thursday approved several initiatives to stimulate the industrial sector in the emirate besides announcing...
- The initiatives to boost industrial sector is in line with the goals of the Dubai Economic Agenda D33 and aims to increase manufacturing value added (MAV) by 15.79 billion
- The Executive Council has extended its single-use bags reduction policy to encompass more plastic materials as part of the phasing out of single-use plastics by 2026