Oman’s MSX-listed banks see 18.6 percent net profit growth in 2023
MUSCAT, OMAN - Omani banks listed on the Muscat Stock Exchange (MSX) recorded net profits of US$1.17 billion (RO453.5 million)...Business Banking & Finance
Telegraph boss quits as UK investigates UAE-backed takeover
London, United Kingdom - The head of Britain's Telegraph Media Group has stepped down, the company announced on Friday, as the...Business
Lebanon crisis may fuel bread shortage
The Lebanese flour millers' association has said mills might gradually stop working as fuel supplies run out. This, when the...This is the latest casualty of fuel shortages in Lebanon, where hospitals have already warned that they are hanging on by a thread
The overall shortage of power-generating fuel has resulted in protracted power cuts in the country, forcing medical facilities to run generators, which too need fuel to run
Emirates to receive three A380 by November
The delivery will take the airlines' total fleet of A380s to 188 units.Airline to also reinstate A380 flights on key destinations worldwide in October
The deliveries will bring the carrier’s total fleet of A380s to 188 units in November, when the last double-decker is scheduled to arrive
UAE forms new law to punish erring ministers and officials
Any minister or senior official found guilty of corruption could be relieved of their job.People can submit complaints directly to the public prosecution
Those accused may see their travel permits revoked, and even assets frozen
Price tag on the planet? Helping business value nature
Putting a monetary value on nature means that damaging resources such as breathable air and drinkable water becomes not just...Experts are divided on how to measure "natural capital", and some argue that it should not be done at all.
As the IUCN World Conservation Congress kicks off in France on Friday, conservation of nature will remain an urgent question.
Meat grown in lab to be on menu in MENA
An American startup Eat Just has tied up with Doha Venture Capital (DVC) and Qatar Free Zones Authority (QFZ) to...Facility to produce lab-grown meat without slaughtering livestock
The large-scale plant, to be built in Qatar’s Umm Alhoul Free Zone, will house Eat Just’s cultured meat division, GOOD Meat
Stella Stays eyes $12bn Bahrain push
This is part of its expansion plans in the Middle East region.Stella Stays operates a portfolio of managed properties in the UAE, Bahrain and Canada
The startup, launched in late 2019, has grown to manage nearly 300 properties as of August
Israel mission in Dubai eyes Gulf oil deal
Environmentalists had voiced anger over the plan to ship Emirati crude to Israel's Red Sea port of Eilat.Ilan Sztulman Starosta, who heads Israel’s first consulate in Dubai, expects the trade between the two countries to surpass $1 billion within a year.
About 200,000 Israelis have visited the UAE since the establishment of ties.
Ooredoo’s B2B app makes business solutions easier
Free to all Ooredoo business offers customers with around the clock access and two secured log-in access levels.Free to all Ooredoo business offers customers with around the clock access and two secured log-in access levels
Employees can view their own accounts, pay personal bills, top-up credit and add roaming services
Consortium awarded exploration rights for Abu Dhabi’s Block 5
ABU DHABI: The Abu Dhabi National Oil Company (ADNOC) on Tuesday awarded exploration rights for Abu Dhabi’s Offshore Block 5...The consortium will hold a 100 percent stake in the exploration phase.
ADNOC has the option to hold 60 percent stake in production phase of the concession.
Sports sector adds $1bn to Dubai economy each year
The growth in the sector is a result of the Dubai community’s increasing interest to participate in sports activities over...Around 1.5 million people regularly engage in sports and physical activities in the emirate, acccording to the Dubai Sports Council
This has led to an increase in the number of national and international sporting events being hosted in Dubai
