INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

American falcon sells for $467,000 in Saudi auction

  • An ultra-white Gyr Qarmousha Falcon, less than a year old, was sold for SAR1.75 million (around $467,000)
  • It came from a noted international breeding facility called the Pacific Northwest Falcons farm, located in the US

The month-long International Falcon Breeders Auction in Saudi Arabia came to a close on Sunday, September 5, with the sale of the world’s most expensive Gyr falcon.

Organized by the Saudi Falcons Club in Malham near Riyadh since August 5, the event has seen several high-value sales, including one where a young falcon was valued at $72,000.

However, that was shadowed on Sunday by an ultra-white Gyr Qarmousha Falcon that was less than a year old.

Sold for SAR1.75 million (around $467,000), it came from a noted international breeding facility called the Pacific Northwest Falcons farm, located in the US.

The falcon was 16.5 inches both long and wide, and weighed 980 grams.

The bidding process was broadcast live on television and livestreamed on social media platforms.

On Sunday, SFC brought down the curtains on the latest edition of the IFBA, having provided breeders from 14 countries a platform to showcase their best birds.

Falconry is a popular hobby in the Arab world, and is considered a part of cultural heritage there.

The breeding of falcons as a hobby also helps its global population, given that the bird is an endangered species.