Saudi Arabia launches global tourism campaign featuring Messi
Riyadh, Saudi Arabia -- Saudi Arabia's national tourism brand, "Saudi Welcome To Arabia," has launched a new global marketing campaign...Business Culture & Society Economy Tourism
Egypt’s wheat and oil reserves sufficient for several months, says minister
Cairo, Egypt-- Egypt has enough reserves of wheat to last it for many months, according to Dr. Ali Al-Moselhi, the...Business Economy
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
Knight Frank strengthens UAE team
The company hires two members for Industrial and Logistics.Company credits Maxim Talmatchi, who was hired as manager and co-head of Industrial and Logistics, with 300 successful transactions.
Dumitru Mamaliga, hired as industrial surveyor, has focused in the industrial and logistics sector in the UAE since 2017.
Pageants, races drive camel cloning demand
Cloning is in demand not only for beauty pageants and races but also for reproducing camels that produce large amounts...Some clients will pay between $54,500-$109,000 to duplicate a "beauty queen".
Dubai claimed the world's first cloned camel, Injaz (achievement in Arabic), on April 8, 2009.
