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
Sheikh Hamdan praises ADNOC’s efforts in using AI in production process
ABU DHABI, UAE - Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region, said that under the...
Business
Occupancy rate of next-gen hospitality firm Sonder 70 percent during pandemic
Duration of stay at Sonder properties grows from an average of 4 days to 10. The firm has 160 spaces...
Sharjah Innovation Park, PLM launch Future of Retail Conference
The conference discusses digital competition in the retail sector Real shops, experts said, will now focus more on the experience...
Stocks gain in Qatar while government begins to ease Covid restrictions
Other stock exchanges were stayed dull, posting modest gains and losses The Gulf Arab state said that leisure and education...
Kuwait to spend $3.31 billion on cleaning-up its land contaminated with crude oil
The project is considered to be one of the largest in the world Some 114 sq km of land will...
Investment professionals seek greater flexibility, hybrid workplaces: CFA study
81 percent of professionals surveyed would like to work remotely at least part of the time 60 percent confident in...
Azizi, private, condominiums, condos, Al-Furjan, Dubai
Sharm El Sheikh airline's second Egyptian destination after Alexandria Borg El Arab International Airport Flights to Turkey, Georgia, Greece, Austria,...
Delivery of 500 condos built by Azizi Developments will be made next month
The residential units comprise 334 studios, 48 one- and 94 two-bedroom apartments, and 10 spacious, luxurious sky villas The condominiums...
Alpha Dhabi Holding acquires key UAE hospitality group
Murban is a leading investment company based in Abu Dhabi with Dh1.7 billion in equity The acquisition will help accelerate...
Dubai airshow participants optimistic about post-Covid recovery
Technologies, solutions that can help the aviation sector to overcome the Covid-19 crisis showcased Sheikh Ahmed bin Saeed Al Maktoum,...
ADNOC raises $1.64 bn from share, bond offering
The Combined Offering results in proceeds of $1.64 billion for ADNOC ADNOC will retain at least a 70 percent strategic...
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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
Company News
Rani R Raad is new CEO of IMI
Business
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stc buys stake in Telefónica
Business
Houthi missile, drone attacks at Israel create spillover fears
Dubai, UAE - The Houthi movement, which is part of the "Axis of Resistance" supported by Iran, has expressed its...
Business
Around 420 children killed or injured in Gaza daily: UNICEF
Rabat, Morocco - On average, around 420 children are killed or injured every day in Israel’s attacks on the Gaza...
Geostrategy
The ‘Pax Americana,’ the ‘American world’ with a single hegemon is crumbling: Putin
Novo-Ogaryovo, Russia: The United States and its satellites are benefiting from conflicts in the Middle East and other parts of...
Geostrategy
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Geostrategy
Saudi civil aviation authority announces economic policy of sector
RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) has announced the economic policy of the civil aviation...
- The economic policy aims to increase the operational performance of the Kingdom's airports and improve the performance of national carriers.
- This is to help change the Kingdom into a global destination for transport and shipping services by providing infrastructure attractive to foreign investment.
Business
Borouge reports 22% Q3 2023 net profit
The company has issued a dividend of $1.3 billion.
- Borouge’s Value Enhancement Programme delivered a $420 million positive impact in the first nine months of 2023
- The company has issued a dividend of $1.3 billion for the 2023 financial year, which equates to a 6.3% current dividend yield
Business
SABIC Agri-Nutrients profit falls
SABIC Agri-Nutrients Q3 net profit fell 55% to $280 million.
- Revenue fell 40 percent year-on-year (YoY) to US$712 million (SAR2.67 billion) in the three months ended September 30, 2023.
- Net profit dropped 66 percent to US$714 million (SAR 2.68 billion) in the first nine months of 2023 compared to US$2 billion a year ago.