Ajman hotels posts 3% increase in revenues in Q1 2023
AJMAN, UAE - Ajman hotels and serviced apartments recorded a three percent growth in hotel revenues in the first quarter...
Business
Art Dubai 2023 generates US$39m in economic impact, says new study
DUBAI, UAE - Art Dubai, the leading international art fair for the Middle East and Global South, on Sunday announced...
Economy
Business
Aramco net income rises to $25.5 billion in Q2
Higher oil prices and a recovery in demand, easing of COVID-19 curbs, vaccination campaigns, stimulus measures, and accelerating activity in...
- The company announces a dividend of $18.8 billion.
- Higher oil prices and a recovery in worldwide demand, easing of travel restrictions drive the rise in income.
MG Cars unveils first ever all-electric SUV in Qatar
The electric car is capable of travelling for 335km NEDC on a single battery charge
- Stylish, compact SUV is first pure electric model from MG in the Middle East
- The electric car is capable of travelling for 335km NEDC on a single battery charge
#HelpTurkey: Hashtag sparks culture war over Turkish fires
It looked innocent enough. As Turkey burned, ravaged by its deadliest and most destructive wildfires in living memory, #HelpTurkey began...
- The uproar stemmed in part from Erdogan's proud nationalism, and in part from a perception among his opponents that cronyism and corruption were taking root
- In self-defence, the government is promoting a narrative that #HelpTurkey is being fanned by "sock puppets" -- fake accounts designed to manipulate public opinion
Ships violating seafarers’ rights can’t enter UAE waters
The country launches 'Supporting Our Blue Army' initiative that will seafarers overcome the challenges arising out of the pandemic, travel...
- Launch of ‘Supporting Our Blue Army’ initiative to protect rights of seafarers with ship owners and companies.
- Expected to have global impact, it will also help seafarers overcome the challenges arising out of the pandemic, travel restrictions.
Economy
Retail coffee prices rise as frost hits Brazil produce, freight costs go up
Arabica coffee on the ICE Futures US exchange has doubled in price over the last 12 months
- The Covid-19 which caused shipping logjams has also contributed to cost escalation by pushing the freight costs to record levels
- Arabica coffee on the ICE Futures US exchange has doubled in price over the last 12 months
Arts & Culture
Saudi borders reopen for vaccinated pilgrims
Authorities in the ministry responsible for coordinating foreign pilgrims will from Monday begin "gradually receiving Umrah requests from various countries...
- Before Sunday's announcement, only immunised pilgrims resident in Saudi Arabia were eligible for umrah permits
- The umrah is a pilgrimage that can be undertaken at any time -- distinct from the hajj, which takes place once annually
Ancient pharaonic boat taken to Egypt’s grand new museum
Egypt has pinned its hopes on a series of recent archaeological discoveries to revive its vital but ailing tourism sector
- Solar boats were buried in pits next to royal burial chambers in the belief that they would transport the departed into the afterlife
- Egypt has pinned its hopes on a series of recent archaeological discoveries to revive its vital but ailing tourism sector
Hezbollah chief vows ‘proportionate’ response to any Israel air strike
Hezbollah leader Hassan Nasrallah described the air strikes this week as a 'very dangerous development'
- Hezbollah leader Hassan Nasrallah described the air strikes this week as a 'very dangerous development'
- Israel carried out its first air raids on Lebanese soil in years on Thursday, prompting Hezbollah to fire rockets back at the Jewish state the following day
Aramco likely to post bumper profit for Q2
Aramco is expected to post a bumper profit for the second quarter of this fiscal on the back of high...
- Bank of America predicts a net profit of $24 billion in the second quarter, up 16 percent from the previous three months
- JPMorgan estimates $23.7 billion, while Alrajhi Capital is expecting Aramco to report $25.3 billion
Covid infects unvaxxed Saudis galore
Saudi Arabia’s health officials are warning people that Covid-19 was spreading rapidly among unvaccinated in the kingdom.
- Transmission among unvaccinated people increases the possibility of new versions or variants, which have prolonged the pandemic
- The kingdom announced 14 deaths from COVID-19 on Friday bringing the national death toll to 8,311
Ajman hotels posts 3% increase in revenues in Q1 2023
AJMAN, UAE - Ajman hotels and serviced apartments recorded a three percent growth in hotel revenues in the first quarter...
Business
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SARCO, Christof Global sign MoUs
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Alpha Dhabi ups stake in Aldar
Business
Jordan approves Public Sector Modernization roadmap
Addressing the Cabinet session, Prime Minister Dr Khasawneh affirmed the government's commitment to achieving the desired outcomes from the modernization...
Economy
Egypt’s GDP grows 6.6% in FY 2022: PM Madbouli
The last quarter of the past fiscal year was really difficult due to the Russia-Ukraine war.
Economy
Maaden to supply phosphate, ammonia to four Indian firms
The Saudi Arabian Mining Company, Maaden, Thursday signed four memoranda of understanding with Indian fertilizer companies to supply phosphate and...
Business
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Business
Bahri, stc sign logistics deal
Customs clearance assistance is part of the agreement.
- The stc group has operations in Saudi Arabia, Kuwait, Bahrain, and Oman.
- The contract was signed by Soror Basalom, President of Bahri Logistics and Ali Alhudhayf, Acting VP of Human Resources and Logistics Support at channels by stc.
Business
Abu Dhabi to launch blockchain, virtual assets strategy
The Abu Dhabi Blockchain and Virtual Assets Committee (ADBVAC) held its first meeting under the chairmanship of Mohamed Ali Al...
- The Abu Dhabi Blockchain and Virtual Assets Committee has been formed to look into various aspects of the field
- The committee comprises representatives of major entities and stakeholders active in this field
Economy
ENEC hosts top performing students from Al Dhafra region
The Emirates Nuclear Energy Corporation (ENEC) has hosted a recognition ceremony at the Barakah plant for top-performing students from the...
- The hosting of students reflects ENEC's stand to provide UAE youth with skills to become future leaders of the nation's growing nuclear energy sector.
- The event include an educational tour for students to visit Barakah Plant, the first multi-unit operational nuclear plant in the Arab World.