EasyLease buys stake in United Trans
This helps EasyLease expand its presence in mobility sector.
Business
Saudi women’s unemployment drops to 13.7% by 4Q 2023
Riyadh, Saudi Arabia - The unemployment rate among Saudi women witnessed a historic decline, plummeting to 13.7 percent in the...
Economy
Egypt’s foreign-currency reserves shot up to $40.3bn in May
The rise has been due to remittances sent by Egyptians working abroad According to the Ministry of Planning, the reserves...
Powell, Lagarde bicker over central bank role in climate policy
The two differed on the role of central banks in fighting global warming Lagarde, has made climate protection financing an...
Abu Dhabi book fair sales rise 20%
This was the 30th edition of the book fair The 2020 edition of the fair was not held due to...
Russia to resume charter flights to Egyptian resorts
Russia had suspended the service after its plane crashed in Egypt, killing all the 224 passengers on board The plane...
Saudi looks to raise $55 billion from sale of assets, public-private partnership
Oil rick kingdom had recently announced a privatization plan that includes identifying 160 projects Saudi finance minister Al-Jadaan opened a...
Cyprus crossings reopen as Covid restrictions eased
Coronavirus restrictions were first imposed 15 months ago The reopenings were the fruit of discussions between Greek, Turkish-Cypriot officials and...
UAE is member of UNESCO’s diversity promotion committee
The Intergovernmental Committee consists of representatives of 24 countries Al Kaabi proposes six areas of action that warrant the attention...
Qatar loses its top position to Australia in the fight to control global LNG market
The United States and Russia are the third and fourth exporters of gas Overall LNG trade increased to 356.1 million...
Etihad Airways, UN Volunteers program sign MoU to promote volunteering
Etihad will promote UNV and activities across Etihad’s channels Encourage members to donate their Etihad Guest Miles for UNV activities...
57% UAE workforce won’t survive financially in event of critical illness
A quarter of UAE employees would not last a month if laid off due to critical illness Critical illness cover,...
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
EasyLease buys stake in United Trans
This helps EasyLease expand its presence in mobility sector.
Business
Company News
Latest News
UAE ministry issues guidebooks on Emiratization for employers, employees
DUBAI, UAE - The Ministry of Human Resources and Emiratization (MoHRE) has launched awareness guidebooks for private sector companies and...
Business
Israel ‘significantly refined’ battle plans against Hamas after talks with US
Tel Aviv, Israel - A senior Biden administration official revealed that Israel has made significant adjustments to its military strategy...
Geostrategy
Kuwait City is the Middle East’s most polluted, Baghdad is next
Dubai, UAE - As New Delhi once again topped the list of the world’s most polluted cities, across the Middle...
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Business
Saudi Arabian ministry issues 174 industrial licenses
RIYADH, SAUDI ARABIA – The Kingdom’s Ministry of Industry and Mineral Resources announced issuing 174 new industrial licenses in September,...
- The total value of the 174 new industrial licenses in September is US$1.4 billion (SAR 5.3 billion).
- A total of 82 factories started production in September, with investments worth US$506 million.
Business
Empower 9M revenue $618m
Firm paid cash dividend of US$115 million.
- For nine months period ending on September 30, 2023, Empower’s revenue and EBITDA grew by 9.5 percent and 7.5 percent respectively.
- On an absolute basis, Empower reported a net profit of US$186 million (AED 685 million) for the nine-month period ending September 2023.
Geostrategy
Hamas ready to swap prisoners with Israel, says official
NEW YORK, US - Hamas is ready for a "complete compromise" deal on the issue of swapping hostages with Israel,...
- The Hamas representative said that the group wants to continue fighting against the occupation.
- The group said that it has the legal right to fight against the occupation under international law.