Qatar sees 36.1 percent surge in visitor arrivals in Nov 2023
Doha, Qatar -- Qatar witnessed a 36.1 percent increase in the number of inbound visitors in November 2023, compared to...Business
ADQ appoints new ADX chairman
The company also appointed two new Board directors.Company News Business
Saudi mega power plant still seeking takers
The Ras Al Khair plant produces 1.05 million cu m of desalinated water per day and generates 2.65 GW of...Saudi Arabia was planning to sell 60 percent stake in the Ras Al Khair plant and raise $2 billion
However, bidders backed out after considering several factors, including the plant’s age and its waning technology
Adnoc Drilling sets IPO share price
The initial price is set at AED2.30 (around $0.63) per share.The subscription period for the Adnoc Drilling IPO will close on September 23 for UAE retail investors
It will close on September 26 for qualified domestic and international institutional investors
What’s the impact of the Apple app store court ruling?
Apple was forced to loosen the grip it holds on its App Store payment system. The tech giant requires developers...Apple takes a commission of up to 30 percent of app purchases or transactions.
It maintains that 85 percent of the approximately 1.8 million apps at the digital shop pay nothing to the company.
GCC insurance firms battle pandemic woes
It has been a roller coaster ride for insurance companies in the GCC countries and the health care sector since...Experts see up to 40 percent rise in premiums in the next two to three years.
Abu Dhabi-based Daman Insurance looking at new markets such as Kuwait and Bahrain.
DFM to unveil new equity futures contracts
In order to diversify investment opportunities, the Dubai Financial Market (DFM) will roll out new equity futures contracts on individual...Investors can trade DFM equity futures through eight brokerage firms
DFM sees growing investor interest in equity futures
Saudi Sidra Capital buys UK office for $26m
Sidra Capital, the Saudi Arabia-based investment firm, has bought an office building in the United Kingdom for $26 million.The Countryside House HQ in Brentwood is a Grade A commercial property that has been fully let to Countryside PLC, an FTSE 250 company
Property undergoing $11m refurbishment
Shuaa Capital CEO now owns 30 percent of the firm
The CEO of the UAE-based Shuaa Capital has bought 57, 966, 523 shares in the financial firm, taking his personal...Shares were sold by Shine Investments in Commercial Projects
In 2019, Shuaa Capital, which has $14 billion in assets under management, merged with Abu Dhabi Financial Group (ADFG) in 2019
UAE investors behind Bahrain’s $492m tourism investment
Investments from UAE-based property developers helped Bahrain’s tourism sector remain buoyant during the pandemic.Capital investment into MEA last year decreased 82 percent from 2019, dropping to $1.6 billion.
Bahrain ranked first in MENA for the number of tourism jobs created in 2020 and second for the number of tourism FDI projects.
Air Arabia resumes flights to Saudi Arabia
Flights between Sharjah and Riyadh, Jeddah and Dammam to start from Sep 14Customers can now book their direct flights between Sharjah and Riyadh, Jeddah and Dammam by visiting Air Arabia's website
All passengers traveling to the kingdom are required to download "Tawakkalna" mobile app
‘Third mass exodus’ feared in Lebanon as crisis worsens
Based on a survey done last year, 77 percent of Lebanese youth said they think about emigrating and seek it,...Based on a survey done last year, 77 percent of Lebanese youth said they think about emigrating and seek it, and this percentage is the highest among all Arab countries
Many professionals, including doctors, academics, entrepreneurs, and designers, have left or are planning to go
