Ghitha reported an operating profit of $69 million in 2023.
The carrier flies mostly throughout Europe.
Dubai’s Alcazar Energy Partners, a wind and solar developer, has been bought out by the state-owned Chinese company Three Gorges...AEP is a leading independent developer and power producer, headquartered in the Dubai International Financial Centre
AEP's investors include Mubadala Infrastructure Partners, BluStone Management and DASH Ventures, IFC, a member of the World Bank Group, and IFC’s Catalyst Funds
Majid Al Futtaim, a shopping mall operator in the Middle East, has reported a drop in revenues for the first...Mall operator maintains its H1 2021 performance remained robust
Revenues for the period reached 15.6 billion UAE dirhams ($4.2 billion), down by 10 percent from a year earlier
In a sign of normalcy returning, hotels across the United Arab Emirates (UAE) have reported a significant rise in occupancy...From January to June, overall occupancy climbed to 62 percent compared to 53.6 percent during the same period in 2020
International, domestic tourism boost occupancy levels
Eight Chinese provinces and cities, including Beijing, Tianjin, Zhejiang, Henan, and Guangdong, have signed 12 investment projects with Arab countries...A total of 287 deals worth about $28.56 billion were signed at the Fourth China-Arab States Expo.
More than 1,000 domestic and overseas enterprises have registered as exhibitors this year.
Saudi Arabia has opened up its defense sector for local and international companies to invest in, and in this direction...GAMI launched digital marketplace platform offering investors easy access to local suppliers
Saudi Arabia’s General Authority for Military Industries GAMI has identified 74 investment opportunities, across six domains of the military industries sector
The community consists of 312 properties available for purchase from September 4.The gated community consists of 312 villas and townhouses available for purchase from Sept. 4.
Each unit has fixtures that reduce water and energy consumption, the company said.
DUBAI: A court has been set up in the United Arab Emirates with a focus on combating money laundering, Dubai...UAE had earlier established the Executive Office of the Anti-Money Laundering & Countering the Financing of Terrorism.
The new court will reinforce UAE’s compliance with international anti-money laundering and law-enforcement standards, says Judge Dr. Abdullah Al Shamsi.
Eligible for exemption are those wishing to issue a new trade register from the financial equivalent for three years and...Startup costs for commerce fees register decreased by 96 percent for companies, according to ministry of commerce.
Decrease in commerce fee register for enterprises decreased from 33-75 percent.
Do you want to buy a more than 3,000-year-old Sumerian tablet, listed as the property of a gentleman from Sussex...The purchased antiquity may not be handed down but handed on, via smugglers and middlemen
Also, the ownership history of some such objects can be harder to prove
The project promotes local industrial investment in key sectors such as medical, food, steel, cement.A total investment of AED 286 million has been reported by ADDED, IDB in the new licenses.
IDB seeks to add 50 new local industrial facilities over the next three years.
