Cerberus buys HSBC France retail
The takeover was finalized for an undisclosed amount.Company News Business
Qatar’s foreign merchandise trade surplus $4.58 billion in Nov 2023
Doha, Qatar -- Qatar's foreign merchandise trade balance, which represents the difference between total exports and imports, showed a surplus...Business
GCC airlines may continue to fly into losses
In 2020, airlines lost around $370 billion globally, while airports and air navigation services providers lost $115 billion and $13...The regional carriers will benefit from rapid vaccination rates on home markets
Net losses of the airlines in all regions are expected to come down in 2021
Abu Dhabi issues new Covid-19 norms for tourism and leisure venues
Restaurants can operate at 80 percent of their capacity and allow a maximum of 10 people at a table who...Those fully vaccinated within the last six months-- vulnerable groups within the last three months-- only will be allowed to attend events.
A negative PCR test taken within the previous 48 hours will be required with an ‘E’ showing on the Al Hosn app.
Dubai Investments to deliver $953m mixed-use projects by H2
The handover portfolio includes the final phase of the Mirdif Hills Project in Dubai and the Al Taif Business Center...The two projects together will provide more than 240,000 sq ft of commercial space with 100 retail units
There will also be over 280,000 sq ft of office spaces, more than 350 hotel rooms, and more than 1,200 residential and serviced apartments
Dubai to develop as polyurethane innovation hub: Pearl
Pearl Polyurethane has appointed a new CEO as part of an ambitious growth plan to double the size of the...Pearl Polyurethane has appointed a new CEO as part of an ambitious growth plan to double the size of the Dubai-headquartered company
Operating for over 25 years, the company has supplied polyurethane insulation foam systems for several trailblazing projects in the Gulf region
UAE, Iraq moot bilateral business council
Iraq and the UAE already conduct trade that was worth around $15 billion in 2019.Abu Dhabi Chamber Chairman Abdullah Mohammed Al Mazrouei and Iraqi Ambassador discussed the setting up of this council
Abu Dhabi Chamber Director-General Mohamed Helal Al Mheiri also attended the meeting
Qatar Tourism and Clia announce partnership
The partnership should help Qatar broaden its appeal for visitors ahead of and beyond the 2022 Fifa World Cup.Qatar welcomed 207,000 cruise visitors to Doha in 2019-20
It reopened its borders on July 12 to fully-vaccinated international travelers, and is expecting tourism to pick up
Azizi Developments records 263% hike in broker registrations
The developer has strengthened and expanded its broker relationships following the introduction of its revamped channel partner strategyThe developer has strengthened and expanded its broker relationships following the introduction of its revamped channel partner strategy
Higher commissions, weekly commission pay-outs, and rigorous broker training and assistance have contributed to the surge in registrations
UAE on way to become cashless economy by 2025
According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the...According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the world’s average of 43 ATMs
The central bank digital currency (CBDC) could be launched in the UAE and Saudi Arabia in the next two to five years
UAE on way to become cashless economy by 2025
According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the...According to World Bank, the UAE has about 61 automated teller machines (ATMs) per 100,000 adults, much more than the world’s average of 43 ATMs
The central bank digital currency (CBDC) could be launched in the UAE and Saudi Arabia in the next two to five years
Oman: Sohar Port increases production capacity by 14%
Production capacity touched 545,000 tons in the port’s free zone, where 45 countries have investments.The port posted a 168% increase in handling vessel-mounted mobile goods by the end of the second quarter
However, it dealt with 2.3% fewer standard container units within the same duration
