Vodafone Qatar 2023 profit up
The 2023 net profit of Vodafone Qatar increased to $148 million.
Business
Saudi GACA issues air carrier, airport classifications for December 2023
RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) issued its monthly classification index for air transport service...
Business
Business
Expo City Dubai to open on 1 Oct, will house HQ of DP World
Dubai Ruler Sheikh Mohammed bin Rashid Al Maktoum said the Expo site will be transformed into Expo City Dubai, which...
- The new city will continue to host the pavilions of Saudi Arabia, Morocco, Egypt and will be the first WELL-certified community in the region.
- Three of Expo 2020’s most visited attractions-- Al Wasl Plaza, the Garden in the Sky observation tower and the Surreal water feature--will remain.
Business
CNN, IMI partner to launch CNN Business Arabic
The news channel will combine the digital first knowledge within the IMI group with the brand recognition and newsgathering capabilities...
- The news channel will combine the digital first knowledge within the IMI group with the brand recognition and newsgathering capabilities of CNN
- The channel will join a network of ten existing CNN-branded partners which operate under license in countries around the world
Business
DP World, Saudi Ports Authority to establish Jeddah Logistics Park
The port-centric park will boost Jeddah Islamic Port’s re-export activities and reduce the time and cost of logistics for importers...
- The port-centric park will boost Jeddah Islamic Port’s re-export activities and reduce the time and cost of logistics for importers and exporters
- It will also offer processing, labelling, fulfilment, consolidation, de-consolidation, and temperature-controlled storage for cargo
Business
Aramco sets up digital industries
It has tied up with Cognite to bolster digitization in MENA.
- The alliance announced the launch of CNTXT, which will be headquartered in Riyadh
- CNTXT will support industrial digitalization in Saudi Arabia and the wider MENA region
Economy
UAE-India trade to rise 120% to US$100bn in 5 years
The agreement is the first of its kind that the UAE has signed with any country, and it is India's...
- The agreement is the first of its kind that the UAE has signed with any country, and it is India's first with any country in the Middle East and the Gulf region
- The UAE’s foreign trade in 2021 recorded nearly AED1.9 trillion, growing 27 percent compared to 2020, and 11 percent compared to 2019
Geostrategy
Jordan King holds trilateral meeting with Egypt president, Bahrain monarch
The leaders underscored the need to expand trilateral cooperation across all sectors and to enhance regional security and stability.
- The leaders underscored the need to expand trilateral cooperation across all sectors and to enhance regional security and stability
- They stressed the need to support the Palestinians as they seek their legitimate rights, leading to the establishment of an independent Palestinian state
Business
Ajman DoF adopts Oracle cloud-based management system
Ajman's Department of Finance (DoF) has teamed up with Oracle to adopt a cloud-based resource management system that enables more...
- The upgrade is part of the emirate's commitment to further improve operations and services and promote the digital transformation of the emirate
- Ajman’s DoF’s migration to Oracle Fusion Cloud Applications is expected to increase productivity, reduce costs, improve controls, optimize supply chain management
Economy
DCCC holds talks on UAE-India free trade agreement
Dubai Customs Consultative Council held a meeting on the historic UAE-India Comprehensive Economic Partnership Agreement, expected to increase trade between...
- The UAE-India Comprehensive Economic Partnership Agreement is expected to increase trade between the two countries by 120 percent
- Due to CEPA, trade between the two countries is expected to reach US$100 billion within five years compared to US$45 billion currently
Business
Qatar receives highest number of international visitors in May
The international arrivals in Qatar exceeded 166,000 people in May, making it the month with highest number of visitors in...
- The figures represent more than a quarter of all visitors in the first five months of 2022.
- The year-to-date total (580,000) is fast reaching the overall arrivals figure of 2021 (611,000).
Arts & Culture
Scientific session organized by Islamic Forum begins in Sharjah
The twenty-second scientific session organized by the Islamic Forum kicked off at Al Maghfirah Mosque, Sharjah. Dubbed "The Migration Route",...
- Dubbed "The Migration Route", the session is running between 18th and 30th June.
- More than 600 participants from inside and outside the country joined the program.
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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
Vodafone Qatar 2023 profit up
The 2023 net profit of Vodafone Qatar increased to $148 million.
Business
Company News
Latest News
Netanyahu secures parliament majority, closer to forming govt
Some Israeli political analysts had forecast that Netanyahu would move to announce a coalition days after receiving his mandate from...
Geostrategy
ADEX to provide US$25m funding to Togo to raise solar park capacity
The Abu Dhabi Exports Office (ADEX) has signed an agreement with Togo’s Ministry of Economy and Finance to raise the...
Business
Foreign ministers of Jordan, Egypt, Iraq hold tripartite meeting
The ministers agreed to maintain "institutional" communication to follow up on the implementation of the trilaterally agreed upon projects and...
Geostrategy
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Economy
First shipment of UAEGD-compliant gold exported to Indian International Stock Exchange
The UAEGD is a standard that provides a framework for the gold sector, in line with international best practices.
- The deal consists of exporting about 100 kilograms of gold worth $4 million from the Emirates Gold Refinery to the IIBX
- The UAEGD is a standard that provides a framework for the gold sector, in line with international best practices
Business
IATA expects airline losses in 2022 to slide down to US$9.7bn
Geneva, Switzerland— The International Air Transport Association (IATA) has upgraded its outlook for the airline industry’s 2022 financial performance as...
- It expects Industry losses to reduce to -$9.7 billion (improved from the October 2021 forecast for an $11.6 billion loss) for a net loss margin of -1.2%
- Despite economic challenges, it expects cargo volumes to set a record high of 68.4 million tonnes in 2022
Geostrategy
Xi visit marks 34 deals between Saudi, Chinese firms ahead of China-Arab meeting and China-GCC summit
The Chinese president's visit to Saudi Arabia aims at 'qualitative leap' in bilateral ties and the 'largest-scale diplomatic activity between...
- The Chinese president's visit to Saudi Arabia aims to enhance bilateral relations in several fields, including energy, security, transportation, infrastructure and investment
- The trip -- only Xi's third overseas since the coronavirus pandemic began -- comes after US President Joe Biden's visit in July, when he pleaded for higher oil production