Air cargo demand rebounds in 2023 amid economic uncertainty
Geneva, Switzerland-- Air cargo demand rebounded in 2023 with a particularly strong fourth quarter performance despite economic uncertainties, according to...Business
Middle Eastern carriers record 1.6% increase in air cargo demand: IATA
Geneva, Switzerland -- Middle Eastern carriers reported a 1.6 percent increase for global and international demand in 2023 compared to 2022...Business
Which Asia-Pacific countries are re-opening to foreign visitors?
Mainland China, where Covid-19 first emerged last year, remains closed to overseas tourists, as is Japan.Mainland China, where Covid-19 first emerged last year, remains closed to overseas tourists, as is Japan
India re-opened for foreign tourists on charter flights this month and will allow in visitors on all flights from mid-November
NEOM Tech and OneWeb team up for $200m high-speed satellite
NEOM Tech & Digital Holding Company and OneWeb have signed a $200 million joint venture agreement to bring high-speed satellite...Both the companies will have exclusive rights to distribute OneWeb services in its target regions for seven years from the start of the satellite network
NEOM Tech & Digital Holding Co. and OneWeb expect to complete ground infrastructure in 2022
Turkey’s hazelnut farmers blame Nutella for their meagre pay
The world-famous spread is made by Italy's Ferrero confectionary, Turkey's top hazelnut purchaser. The global giant's other sweets include Ferrero...The little heart-shaped nut in Turkey accounts for 82% of global exports
Ferrero has six facilities in Turkey, where it has been sourcing hazelnuts
Alphabet posts $18.9 bn profit
Google remains a centerpiece of online activity.Google remains a centerpiece of online activity, with offerings such as its search engine, ad marketplace, and YouTube video platform
The surge in Alphabet's earnings comes as the tech giant faces increased scrutiny from regulators regarding its power
Careem faces flak over random price hike
People in the UAE complain about Uber and Careem's high prices, which have been raised significantly in the last few...An increasing number of people in the UAE are complaining about Uber and Careem's high charges
The fares, it is claimed, have been raised significantly in the last few months due to Expo 2020 and Dubai attracting many tourists
Tunisia: Investment in services reach $252m in nine months of 2021
Tunisia has witnessed an investment of 713.4 million dinars ($252 million) in service activities during the first nine months of...The investments will be mobilized under 6,464 projects and will create 22,053 new jobs.
Services directed to the local market (96 percent of overall investment declarations) saw a 3.1 percent increase.
Sharp recovery to see Middle East box office revenue cross $800m in 2021
Box office revenue in the Middle East made the fastest recovery in the world, from $250 million in 2020 to...The revenue is expected to continue to rise, reaching $1 billion in 2022 and $1.3 billion in 2024, research has shown.
Only 261 of the 3,099 screens in the Middle East and Africa were closed due to the pandemic.
IHC to acquire Arena for $98m
A consortium will hold the Arena shares in a 70:30 ratio.Arena Events Group is a London Stock Exchange-listed events services business.
According to the terms offered, Arena shareholders will receive 21 pence in cash for each share.
UAE economy resilient, overcame many global challenges: RAK Properties CEO
The UAE was among the first countries to return to normalcy after the pandemic and is currently hosting Expo 2020...RAK Properties investments reach AED15 billion, engaged in several real estate sectors.
Expo 2020 will especially have a major impact on tourism and real estate sectors, Al Tair said.
DP World reports container volume growth of nearly 12 percent in Q3
The gross volume growth was mainly driven by Asia Pacific, India, Australia, and the MENA region.In Q3, DP World handled 19.8 million TEU, up 8.1 percent year-on-year basis.
The near-term outlook remains positive, but the company expects growth rates to be moderate in the final quarter, said CEO Ahmad Bin Sulayem.
