UAE minister stresses G20 and COP28 collaboration at WBG meet
The members also exchanged views on progressing the implementation of Multilateral Convention to Implement Tax Treaty Related Measures to Prevent...
Economy
UAE, Vietnam begin process for economic partnership pact
Abu Dhabi, UAE - The UAE and Vietnam signed Thursday a declaration of intent to start negotiations for a comprehensive...
Business
Saudi Arabia has invested $650 million in Bahrain road sector
Saudi Arabia has invested around $650 million in the road sector of Bahrain through the Saudi Fund for Development
Dusit debuts in Oman with 252-unit deluxe resort
The dusitD2 Naseem Resort is the first Dusit-branded hotel in Oman 's Jabal Akhdar.
Africa Oil Week temporarily moved to Dubai for 2021 edition
The Hyve Group will shift Africa Oil Week 2021 to Dubai from the usual venue of Cape Town in South...
Samana expands sales team with new GM
Samana also increases its sales workforce by 55% and doubles its sales revenue in 2021.
US promises another $155-million humanitarian aid to Iraq
The additional funding from the State Department and the USAID is meant to help “the people of Iraq as well...
Continued donor support to Jordan critical for reform: IMF
King Abdullah II of Jordan and the IMF official discuss global and regional developments and the efforts of the Kingdom...
NSO Group of Israel ‘complicit’ in rights abuse, says Amnesty
Israel has started a probe into the Tel Aviv-headquartered NSO Group, even as the company itself says it will investigate...
Abu Dhabi Crown Prince, Israeli PM review ways to boost relations
The leaders of the two states also discuss regional and international issues of common interest and efforts to achieve peace...
Tunisia hit by a record number of Covid deaths as 317 perish
The North African country struggles to cope with the surge as hospitals fill up and vaccination can't keep up pace
US mulls crackdown on Chinese imports of Iranian oil
The United States is planning a crackdown on Iranian oil sales to China in violation of its sanctions
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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
UAE minister stresses G20 and COP28 collaboration at WBG meet
The members also exchanged views on progressing the implementation of Multilateral Convention to Implement Tax Treaty Related Measures to Prevent...
Economy
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Tecom lists 12.5% shares on DFM
Business
Arab economies expected to grow by average 5.4 percent in 2022 : AMF
Oil-exporting countries in the Arab World will benefit throughout 2022 from the increased oil production quantities within the "OPEC+" agreement...
Economy
‘RAK aims to increase number of hotel rooms in 5 years’
CEO of the Ras Al Khaimah Tourism Development Authority (RAKTDA) Raki Phillips said that the emirate’s tourism sector aims to...
Business
UAE announces new incentives to support emirati SMEs
The new incentives include classifying up to five enterprises under Tier 1 category per owner, instead of two enterprises, and...
Economy
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Business
71 varieties displayed during Onaizah International Dates Season
More than 71 varieties of dates were on display in the auction arena of the Food City during the Onaizah...
- The most common and sought-after types are Khalas, Barhi, Majdoul, Khodari, and Sukkari. Al-Hamra, Aseelah.
- The health of dates is checked in the municipal laboratory and ascertained through control tours.
Business
DP World H1 net profit $721m
Growth was supported by higher revenue from acquisitions.
- The global port operator said this was a 51 percent year-on-year and added that it expects growth rates to moderate for the rest of the year.
- The company said its H1 revenue was $7.93 billion, a rise of 60 percent, supported by acquisitions, strong performance of feedering services and growth in high margin cargo.
Business
Al-Othaim posts $37m profit
The retailer said the profit soared due to growth in sales.
- The retailer said that its share in the profit of its associate Gulf Flour Milling Co. boosted this period’s results, as it was not recorded in the prior year
- The company incurred higher costs from opening new stores and enhancing competencies in senior positions