Air cargo demand rebounds in 2023 amid economic uncertainty
Geneva, Switzerland-- Air cargo demand rebounded in 2023 with a particularly strong fourth quarter performance despite economic uncertainties, according to...
Business
Saudi envoy to US deplores Western media criticism of women rights in kingdom
Washington D.C., US--– Saudi Arabia's ambassador to the US, Reema Bandar Al-Saud, has expressed disappointment with recent media criticism of...
Geostrategy
UAE-based JFR Investments secures major mining deal in Brazil
JFR will get access to large-scale mining concessions with quality reserve prospects for copper, gold, silver, nickel, iron ore and...
Millennials propel rapid growth of the second-hand luxury goods market in Middle East
Social commerce platform Luxury Promise registers a five-fold increase in revenue this year The luxury resale market is growing four...
Horizon Aircraft predicts urban air mobility to be operational by 2025
Most vertical takeoff and landing professionals believe first commercial urban air mobility passenger routes will be operational by 2025 Canada,...
Red Sea International appoints Khalid Fagih as MD and CEO
RSI banking on Khalid's 26-year track record to catapult its operations by developing products and services, improving performance Company had...
Approach tax authority to redress problem, UAE tells penalized defaulters
UAE tax authorities have assured penalized tax-law violators that they can apply to have the penalty reduced or exempted To...
Telal Gents Fashion achieves Guinness World Record for largest mobile clothing store
UAE-based Telal Gents Fashion has set a Guinness World Record for the largest mobile clothing store The company converted a...
Saudi King Abdullah Port names new CEO
Jay New is an industry veteran with a 20-year career in the ports and shipping He will oversee the day-to-day...
PwC, Microsoft join hands to boost cloud adoption in Qatar
PwC and Microsoft are extending their global collaboration to “accelerate digital transformation and cloud adoption in Qatar” The move that...
Helios to set up $1bn green ammonia plant in Abu Dhabi
The plant will produce 200,000 tonnes of green ammonia, expected to reduce CO2 emission by 600,000 tonnes annually An 800-megawatt...
UAE will only allow residents vaccinated against Covid-19 to attend functions
Residents have also to produce a negative Covid test within 48 hours The UAE has administered over 12 million doses...
Air cargo demand rebounds in 2023 amid economic uncertainty
Geneva, Switzerland-- Air cargo demand rebounded in 2023 with a particularly strong fourth quarter performance despite economic uncertainties, according to...
Business
Company News
GIS profit climbs in H1
Business
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Ithmaar Bank H1 profit up
Business
Libya and Italy sign MoU to boost cooperation in civil aviation
Tripoli, Libya--Libya and Italy have signed an agreement to enhance cooperation to enable air transport companies to operate charter and...
Business
Russia plans visa-free travel with Latin American countries
MOSCOW, RUSSIA – A senior Russian official said that they intend to move towards visa-free travel with all countries of...
Geostrategy
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Business
Old Doha Port signs many agreements during Monaco Yacht Show
Monaco, Monaco--The Old Doha Port has signed several agreements with professional global companies, specialized in yacht during its participation in...
- The executive director of the Old Doha Port said the objective of the participation in the show was to put the port on the global map
- The port officials showcased a model to streamline visiting yachts through a mechanism of entry and exit from Qatar
Economy
Saudi Arabia projects 2024 budget deficit at 1.9% of GDP
The kingdom's finance ministry estimated expenditures for 2024 to be at US$333.5 billion. According to the ministry, the projection is...
- The kingdom's finance minister said that the government will continue implementing fiscal and economic structural reforms
- The minister also noted the important role of the PIF and development funds that enhance the growth of non-oil GDP
Geostrategy
Iran proposes to Saudi Arabia to set up working group for visa cancellation
Riyadh, Saudi Arabia--Iran has proposed to Saudi Arabia to set up a working group to look into the idea of...
- The idea of visa cancellation was put forward by Iranian deputy tourism minister while visiting Saudi Arabia
- Iran and Saudi Arabia in March agreed to a Chinese-brokered deal to revive relations after years of hostility