Arab countries public expenditure climbs to US$957.5bn in 2022: AMF
Abu Dhabi, UAE--The total public expenditure of Arab countries combined jumped by 9.8% to $957.5 billion in 2022, compared to...
Economy
Abu Dhabi announces resumption of cruise liners
In 2019, 500,000 cruise visitors arrived in the Emirate’s ports, a 46% percent increase compared to 2018 Abu Dhabi...
Creation of North American camel association will help the sector: ICO
Number of camel ranches has grown in North America in recent years International Camel Organization founder had campaigned for...
BahwanCyberTek and TIBCO extend strategic partnership
Partnership, which began in 2016, extended till 2027 BCT will continue to handle TIBCO requirements for all local customers in...
Moody’s and Fitch assign investment-grade credit ratings of Aa2 and AA to ADQ
ADQ, one of the largest holding companies in the region, have been assigned these long-term issuer credit ratings that...
ADNEC launches Tourism 365 to scale up tourism sector in Abu Dhabi
ADNEC is looking to create experiential travel opportunities for tourists coming to Abu Dhabi through a new company called Tourism...
Qatar Airways to fly to Zimbabwe, Zambia
Qatar Airways said with the two new routes, the carrier will operate over 100 weekly flights to 27 destinations...
Kennedys open Oman office to meet client demand in Middle East
Opening marks firm's second Middle East location after Dubai and makes it the only international insurance-focused law firm in the...
Israel-based i24News channel to open Dubai office
Two major Emirati telecom operators, Etisalat and DU, would carry content from i24News, which broadcasts in Arabic, English and French...
KLM to fly to 7 destinations in Middle East
KLM will fly to seven destinations in Middle East in the summer 2021 – the same number as in 2019....
Halliburton wins key Kuwait Oil Company contract
Projects expand collaboration across all Kuwait fields to increase production and recovery The US group will collaborate with KOC...
Arab countries public expenditure climbs to US$957.5bn in 2022: AMF
Abu Dhabi, UAE--The total public expenditure of Arab countries combined jumped by 9.8% to $957.5 billion in 2022, compared to...
Economy
Company News
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Masdar City and Huawei sign MoU to power UAE’s transition to net zero
Dubai, UAE--Masdar City and Huawei have signed a memorandum of understanding (MoU) to enable the UAE to power its way...
Business
Moro Hub and DDA sign MoU to safeguard Dubai’s information assets
Dubai, UAE--Moro Hub, the digital arm of DEWA, has signed a memorandum of understanding (MoU) with Digital Dubai Authority (DDA)...
Business
Gulf Navigation posts profit
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Economy
Global CEOs rank political uncertainty as biggest risk to business
Dubai, UAE-- CEOs from around the world consider geopolitics and political uncertainty as the greatest risk to the growth of...
- The findings of the survey undertaken by KPMG noted that CEOs worried about the effect of political uncertainty on business growth
- The top-notch executives recognize AI’s seemingly limitless potential and are keeping their foot on the gas in terms of their investment
Business
Nakilat profit jumps 4.8%
The company's profit swelled to US$327 million in Q3 of 2023.
- Its earnings per share (EPS) amounted to QR 0.21 as of Sep. 30, 2023, versus EPS of QR 0.20 for the same period in 2022
- The company, in March, obtained approval to raise the ceiling for non-Qatari ownership in the company's capital to 100%
Geostrategy
Iran president warns of escalation in war in Palestine
Tehran, Iran-- President of Iran, Ebrahim Raisi, has warned of an escalation in the war in Palestine if in his...
- The Iranian president said the situation can become more complicated and the battle will broaden if Israel's crimes are not ceased
- Nearly 2,269 people, including over 700 Palestinian children, have been killed so far and 9,814 others injured in Israel's bombing