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
Economy
Saudi Arabia, UPLink in deal to counter sustainable development issues
This is a part of the Kingdom’s agenda to achieve sustainable development 2030 locally and internationally.
- The Saudi ministry seeks to explore the joint issues in the field of food security, food waste recycling.
- The move is a part of the Kingdom’s agenda to achieve sustainable development 2030 locally and internationally.
Business
Iraq allocates $2bn for Baghdad Metro project
Two billion dollars are allocated in the budget for Baghdad Metro project, Iraq’s Minister of Transport Nasser Hussein Al-Shibli said...
- Prime Minister, Mustafa Al-Kadhimi, said that the phenomenon of traffic jams is unacceptable
- Al-Kadhimi stressed the need to work for activating traffic lights in the streets of Baghdad
Arts & Culture
Top official of Frankfurt Book Fair praises UAE women empowerment
The UAE’s women empowerment progress reflects in the Emirates’ publishing industry as well, according to a top executive of Frankfurt...
- Women leaders can make a difference in the industry, she said
- She said women CEO's bring fresh ideas and management for the company
Business
ADX, AMAF introduce share donation facility to fund charitable causes
Through ADX’s ‘Endowment Shares’ service, investors will be able to transfer shares for donation to AMAF’s securities account at the...
- Through ADX’s ‘Endowment Shares’ service, investors will be able to transfer shares for donation to AMAF’s securities account at the exchange
- Dividends from the donated shares, to be transferred to AMAF’s bank account by ADX, will be used to fund a wide range charitable causes
Business
Aramex gets regulatory approvals to increase foreign ownership limit to 100%
The company has obtained necessary approvals from Securities and Commodities Authority and all other relevant regulatory authorities to raise the...
- The company has obtained necessary approvals from Securities and Commodities Authority and all other relevant regulatory authorities to raise the FOL
- The move makes it first onshore UAE company listed on the Dubai Financial Market to allow for full ownership of its free-floating shares by foreign investors
Business
Deals worth $6.8m signed in Gulf Print and Pack 2022
Deals worth over AED 25 million ($6.8m) were signed in the Gulf Print and Pack 2022 event (GPP) held at...
- Sales of machinery and equipment were the biggest contributors to the total
- Vinsak and Heidelberg were the other exhibitors that confirmed making substantial sales
Business
Menarini opens office in Dubai
The Italian pharma giant is looking at expansion in MENA.
- Specializing in pharma research and production, consumer healthcare, oncology and diagnostics, the move is part of the group’s planned expansion into the Middle East and Africa
- The CEO of Menarini said the company could contribute to the country's 'visionary strategy'
Interview
With $22bn in bilateral trade, UAE-US economic ties set to grow
The UAE and US economic ties are expected to grow in healthcare, energy sustainability, space, and digital economy, with the...
- The US exports to the UAE touched $16.7 billion last year
- Sebright said that the Business Council has been promoting the partnerships between the US and the UAE in space since day one of the UAE’s nascent space exploration program
Economy
Abu Dhabi tops list of capitals with least traffic congestion for 2021
The new ranking of the UAE capital is based on a combination of criteria, including the rate of traffic congestion...
- The new ranking of the UAE capital is based on a combination of criteria, including the rate of traffic congestion at intersections and streets at various times during the day
- Abu Dhabi recorded 11 percent congestion level, reflecting the impact of the integrated traffic management plan implemented by the Department of Municipalities and Transport
Business
ADC to start trading on ADX
The firm was established by ADQ and Chimera Investment.
- Trading follows the conclusion of ADC's public subscription to retail and professional investors
- The listing of ADC offers target businesses the opportunity to access capital in Abu Dhabi's capital markets
Vodafone Qatar 2023 profit up
The 2023 net profit of Vodafone Qatar increased to $148 million.
Business
Company News
Latest News
UAE views creativity through the lens of openness
Arts & Culture
Zain Group 9M net profit $492m
Business
UAE embroidery art Al Talli makes it to UNESCO heritage list
Al Talli features decoration of collars, hems and cuffs of clothes using cotton or silk threads, intertwined with gold and...
Arts & Culture
Fans without tickets can attend World Cup matches after group stage ends
Doha, Qatar---World Cup fans without tickets can travel to Qatar and watch the rest of the matches after the group...
Business
Ukraine welcomes Russian oil price cap agreed by EU, G7
Ukraine welcomed a US$60 price cap on Russian oil agreed by the EU, G7 and Australia, saying it would "destroy"...
Geostrategy
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Economy
Jordan to elect commerce chamber boards in poll
Amman, Jordan— The commercial sector across Jordan will go to the polls on Saturday to choose representatives in the boards...
- The number of voters entitled to participate in the voting process is 27,982 merchants
- Twenty-three others will run for the elections of the ten commercial sectors that will join the Jordan Chamber of Commerce board of directors
Arts & Culture
VOX Cinemas unveils debut slate of original Arabic films
Diverse line-up of movies features local stories from new and established storytellers from Saudi Arabia, Egypt, Lebanon and UAE.
- Diverse line-up of movies features local stories from new and established storytellers from Saudi Arabia, Egypt, Lebanon and UAE
- VOX Cinemas will join forces with Sirb Productions, sister company of Myrkott Animation Studio, to produce a Saudi comedy
Economy
Saudi Arabia eyes hosting AFC Women’s Asian Cup 2026
Riyadh, Saudi Arabia— Saudi Arabia has submitted its bid to host the AFC Women’s Asian Cup 2026, a key moment...
- Saudi Arabia’s move to bid for the upcoming AFC Women’s Asian Cup builds on its expression of interest earlier this year
- The kingdom has embraced transformation at pace, and growing women’s leadership in sport is a crucial element