Over 12m people visit Riyadh Season in 60 days
RIYADH, SAUDI ARABIA - Two months after their launch, on October 11, 2023, Riyadh Season events had already attracted 12...
Arts & Culture
Sheikh Hamdan issues resolution regulating single-use products in Dubai
DUBAI, UAE - Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive...
Geostrategy
Business
CB of Kuwait to digitize
The bank CEO said robots will play a major role in the future.
- CBK is the only bank to have SwatchPAY, which is a smart-watch payment service, she informed.
- Mahfouz said that one of the things that stood out to her as a woman working in the banking sector was getting more support from males than females.
Business
Julphar Q1 sales up by 156 percent
Acquisition of Planet Pharmacies and growth in segment ops led to growth.
- Gross profit margin increased to 41 percent compared to 28 percent in the previous year.
- EBITDA from continuing operations increased to AED40 million in Q1 2022.
Economy
Quality education could add $2.54 trillion to global economy
A worldwide improvement in students’ capacity for problem-solving to the average level of today’s top 10 scoring countries could add...
- Children today need to find their way in an increasingly uncertain world – a post-pandemic world of climate change, automation and rapid digitisation, a WEF report said.
- The report suggested that investing in the workforce and supporting teachers to teach in new ways, using innovative teaching methods, is critical to unlock these skills.
Business
IHC completes $2bn Adani deal
IHC to provide capital to Adani firms for green energy projects.
- The deal represents 4.87 percent of the total trade between the UAE and India, which has reached $41 billion between 2020 and 2021.
- India's total electricity generating capacity is more than 390GW, and renewables exceed 100 GW.
Business
Women empowerment key focus as region eyes growth
Top executives, officials and experts explore ways to strengthen the role of women in regional business dynamics during the TOP...
- The first day of the conference is dedicated to women under the "Arab Women Forum," where conversations will be hosted to explore regional and global business dynamics
- The Top CEO Conference is an open discussion among thought leaders, executives, and senior government officials and its purpose is to bring global issues into a regional context
Business
‘We ensure aging CEOs stay at top of their game’
Mike Frayne, the CEO of Aviv Clinics Dubai, tells TRENDS that their medical program helps aging C-suite executives to get...
- 'Aviv’s unique medical program can reverse this decline. For a CEO or C-suite executive, this means that they can be at the top of their game for longer. '
- With growing investments in the healthy aging sector, we now can take control over the aging process and reverse some of the physical and cognitive declines '
Business
Emaar Properties Q1 profits up 241%
The firm's revenues stand at AED 6.63 billion in the first quarter of 2022.
- The firm sees robust property sales and significant improvement in the performance of recurring revenue businesses
- The property sales backlog amounted to AED 45.24 billion by the end of the first quarter this year.
Economy
Oil demand exceeded 2019 levels in March, production lags
New data from the Joint Organisations Data Initiative (JODI), a Riyadh-based international collaboration to improve the availability and reliability of...
- Oil demand in March was at 101 percent of 2019 levels, while crude production was only at 97 percent. Demand exceeded 2019 levels despite sharp declines in China
- Demand for gasoline, diesel, and LPG exceeded pre-COVID levels in March, but jet fuel demand was 25 percent lower than 2019 levels
Economy
UAE spent $10.89bn on development projects under Late Sheikh Khalifa
The UAE accomplished many achievements under the rule of the late Sheikh Khalifa bin Zayed Al Nahyan, including being ranked...
- His rule saw the establishment, completion and upgrading of more than 230 public schools, and the development of a world-class system of hospitals and 32 federal health facilities.
- He also supported fishermen by establishing more than 24 fishing ports.
Business
Dubai lures world investors with promise of big returns
Defying grim expectations of economic recession battering the world economy, Dubai has burnished itself by attracting a heavy dose of...
- The emirate has won over more than 600 FDI projects, including greenfield projects last year
- Dubai’s economy grew 6.3 percent in the first nine months of 2021
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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
Over 12m people visit Riyadh Season in 60 days
RIYADH, SAUDI ARABIA - Two months after their launch, on October 11, 2023, Riyadh Season events had already attracted 12...
Arts & Culture
Company News
Latest News
Aldar partners with Nobu to develop luxury hotel on Saadiyat Island
Abu Dhabi, UAE— Aldar Properties has partnered with Nobu Hospitality to launch a new luxury hotel, branded residences, and a...
Business
Kuwait Central Bank Issues Bonds, Tawarruq worth $792 million
The new securities bear a maturity term of six months and a return rate of 4.25 percent.
Economy
Americana revises timetable for concurrent dual listing on ADX, Saudi Exchange
The UAE Retail Offer and the KSA Retail Offer were oversubscribed by approximately 48.2x and 2.8x respectively.
Business
Most Read
Geostrategy
Islamic nations seek to turn crisis into opportunity with enhanced relations, trade amidst recession fear
At the 38th Ministerial Session of COMCEC, leaders of Islamic countries discuss ways to enhance bilateral and trade relations to...
- At the 38th Ministerial Session of COMCEC, leaders of Islamic countries discuss ways to enhance bilateral and trade relations to help region and the world evade recession
- The agenda of the ministerial COMCEC committee meeting includes improving transport & communications and developing sustainable & competitive tourism sectors
Science
In Hawaii world’s largest volcano erupts for first time in decades
Hawaii's Mauna Loa, the largest active volcano in the world, has erupted for the first time in nearly 40 years,...
- Mauna Loa has been showing signs of building to an eruption for years, according to the USGS.
- The USGS which said the ongoing eruption was visible from Kona, a town on the west coast of Hawaii's main island some 72 kilometers from the volcano.
Business
Etihad Airways and Garuda expand combined offerings to 42 destinations
Abu Dhabi, UAE----UAE's national carrier Etihad Airways and Garuda Indonesia, the national flag carrier of Indonesia, will nearly double the...
- The destinations across the Indonesian archipelago, South East Asia, Middle East, US and Europe were doubled after the two partners expanded their 2012 codeshare pact.
- They also offer reciprocal miles accrual and redemption opportunities to members of Etihad Guest and GarudaMiles across both airlines' networks.