Business - TRENDS MENA

Dubai, UAE -- The Dubai Land Department (DLD) records an all-time high of 1.6 million transactions worth AED 634 billion...
Real estate investments' value grew by 55 percent during the same period, reaching approximately AED 412 billion.
There were 157,798 investments attributed to 113,655 owners, including 71,002 new investors, indicating a 20 percent increase.
The EDITDA of $1bn benefited from OPEX saving of $28m.
The company said it successfully delivered on the five-year target it communicated to the market during its first Capital Markets Day in May 2019.
The company recommended a dividend of $350 million for the second half of 2023.
As customers in the Middle East shun international restaurants, local businesses report they have benefited from the boycott.
Starbucks sales grew at their slowest pace in a year, and profits fell short of Wall Street estimates as a spending slowdown took its toll.
McDonald's shares declined for the second day after the company failed to achieve targeted sales for the first time since 2020 due to the war in the Middle East.
Its earnings were US$36.2bn, half of what is was in 2022.
The company's net profit slumped 59 percent last year to $11.9bn, dragged down by a decline in energy prices
Anders Opedal, the company CEO, said that in 2023 the group "continued to contribute to energy security in Europe"
Net profit came in at $21.4 bn, an increase of 4% over 2022.
Net profit came in at $21.4 billion, an increase of four percent over 2022, with the the energy giant proposing a 7.1 percent increase in its annual dividend
After adjusting for non-recurring items, net profit stood at $23.2 billion, a fall of 36 percent from 2022 when the company withdrew from Russia
Doha, Qatar-- Qatar and Egypt are looking to boost trade and economic ties between the two countries, besides exploring ways...
The Qatar Chamber first vice-chairman said Egypt offers abundant opportunities, which are attractive to Qatari investors
The Egyptian official said that his country has brought in a host of reforms relating to investment for foreign investors
The company aims to reach 142 operational rigs this year.
The company's CEO said that it was looking to support ADNOC's 5 million-barrels-per-day-capacity target
It has assembled one of the largest multi-disciplined fleets in the world, backed by the latest innovations
"(US Federal Reserve Chair Jerome) Powell's focus on verifying inflation's trajectory is in line with the central bank's dual mandate...
Bond market's selling pressure illustrates its role in reflecting economic realities, says Nigel Green
A 27 basis points surge in 10-year yields marks notable market movement since June 2022, he adds.
GCC retail sector evolves dynamically, blending innovation with tradition to woo investment, says Khalifa Bin Braik of Majid Al Futtaim...
GCC retail sector evolves dynamically, blending innovation with tradition to woo investment, says Khalifa Bin Braik of Majid Al Futtaim Asset Management.
Investing in the GCC retail market offers strategic benefits like a prime location, wealthy population, and luxury demand, bolstered by government support.
Riyadh, Saudi Arabia - Saudi Arabia drew 27 million foreign tourists in 2023 and has more than doubled its goal for...
"We have reached 100 million tourists this year, 77 million from home, 27 million from abroad, over 100 million," Tourism Minister Ahmed Al Khateeb said.
Saudi hopes 150 million tourists by 2030, up from an earlier goal of 100 million, with 70 million of those coming from abroad, up from an earlier goal of 30 million.