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Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Emirates half-year profit $2.5bn

The record profit is subject to new 9% corporate tax for the first time.

Lulu’s IPO raises $1.72bn

The proceeds make it the largest UAE IPO of 2024 to date.

DAE 9M net profit $310m

The company said this was a 54.9 percent YoY increase in net profit.

Middle East’s sports path to boosting tourism

  • Doha and Riyadh have been selected to host the upcoming editions of the Asian Games---Doha in 2030 and Riyadh in 2034.
  • The mountain resort of Trojene, which is being developed in Saudi Arabia's futuristic Neom city, will host the 2029 Asian Winter Games.

Dubai, UAE—The Qatar football World Cup us set to cement the position of Middle East, especially the Arabian Gulf region, as a global sporting hub. The GCC region has especially been focusing on sports, hosting some of biggest events in gold, motorsports, horse racing and cricket. Doha and Riyadh have been selected to host the upcoming editions of the Asian Games—Doha in 2030 and Riyadh in 2034. Doha had hosted the games in 2006. The mountain resort of Trojene, which is being developed in Saudi Arabia’s futuristic Neom city, will host the 2029 Asian Winter Games. Investment in sports is also driven toward boosting the tourism in the region as it diversifies economy away from oil, explains TRENDS.