Emaar property sales rose to US$ 11 billion in 2023.
The system demand for power surged to 56.5 TWh in 2023.
Saudi Arabia and the United Kingdom signed a Memorandum of Understanding, which is aimed at the promotion of direct investment...British and Saudi companies will be established and expanded in both countries.
Exchange of visits and expertise as well as sharing of rules and regulations in direct investment opportunities part of the MoU
A forum organized by the Sharjah Chamber of Commerce and Industry (SCCI) brought together more than 100 businesspersons from the...More than 100 businesspersons from the two countries attended the forum organized by the Sharjah Chamber.
Sau Paulo state accounts for 30 percent of the entire Brazilian economy and has the largest manufacturers of sugar, juices, coffee, and fruits.
The IHC subsidiary has entered commercial shipping segment.Founded in 2002, Al Seer Marine's total assets are AED3.98 billion as of the end of June 2021.
After a fall of 3.4 percent in 2020, world seaborne trade rose 4 percent in 2021.
The Saudi British Bank (SABB) has posted a 157 percent increase in net profit to $750 million for the first...“We are investing considerably across the business front-to-back, to ensure that we remain relevant and can create a sustainable banking organization”
The chairman reiterated the bank’s efforts to support Saudi’s Vision 2030 plan and unlock the opportunities brought by the economic transformation plans
- The Abu Dhabi National Exhibitions Company (ADNEC) has announced plans to expand its facilities and infrastructure in Abu Dhabi and...
Building the largest exhibition hall in the Middle East and North Africa region is part of the expansion plans.
The company said the expansion plans boost its competitiveness and ability to attract and hold major international events.
The UAE will explore investment opportunities in the space economy and space tourism services besides other related ventures with Blue...The two sides also discussed expanding the scope of R&D in space to develop emerging space technology in the UAE.
Space sector provides more than 3,200 jobs, and over 57 space firms are currently operating in the UAE.
- First Abu Dhabi Bank has recorded a 26 percent rise in net profit to AED9.2 billion in the first nine...
The bank's revenue was up 17 percent supported by business growth, solid fee generation and strong trading performance, helping to offset headwinds from low-interest rates
The Group’s foundation remains robust across liquidity, capital and asset quality metrics
Dallah Healthcare of Saudi Arabia has picked up an 8.2 percent stake in International Medical Company for $77 million in...Dallah Healthcare said that it had acquired the SAR 289 million ($77 million) stake as part of a plan to eventually acquire 25 percent as well as to expand its presence to Jeddah
International Medical Co posted a revenue of SAR 1.2 billion annually for the last three years
Saudi Basic Industries Corp. (SABIC) has posted a nearly 400 percent spike in net profit to $1.5 billion for the...Sales jumped by 49 percent year on year to 43.7 billion riyals, while operational profit climbed 266 percent to 7.7 billion riyals
The company also noted that sales volumes in the third quarter were slightly down by 2 percent when compared with the second quarter of 2021
- The tourism and travel sector in the Middle East is expected to grow 27.1 percent in 2021, a little behind...
According to the World Travel and Tourism Council (WTTC) the region’s local economy has benefited from a rise in its domestic tourism spend of 38.6 percent in 2021
Employment in the sector could approach pre-pandemic levels in 2022, rising by 8.2 percent to 6.6 million, following a loss of 1.2 million jobs in 2020
