Business - TRENDS MENA

Beijing, China -- Chinese electric vehicle maker Xiaomi received almost 300,000 pre-orders within an hour for its first sport utility...

The company had posted net earnings of $136m in 9M 2022.
In the third quarter of 2023, the company widened its net loss to SAR 161.3 million from SAR 61 million in the year before.
Yanbu had decided to distribute cash dividends of 236 million Saudi riyals to shareholders for the first half of the fiscal year 2023.
Abu Dhabi, UAE - Aldar Properties achieved a 97% occupancy rate across its prime Grade A commercial properties, which includes...
Occupancy rates at the towers located at ADGM, the international financial centre on Al Maryah Island, stand at 99% compared to 79% when acquired by Aldar in 2022
Aldar’s other Grade A commercial properties in Abu Dhabi, HQ and International Tower currently hold an average occupancy rate of 95%
Dubai, UAE-- Hamdan Bin Mohammed Smart University (HBMSU) and Knowledge E have signed a memorandum of understanding to reshape the...
Vice Chancellor of HBMSU said the MOU is a step in the university's march toward transforming education in a way that brings smart learning innovation into the sector
As per the terms of the agreement, both sides will collaborate in several key areas - including content digitisation and self-paced courses, management of HBMSU's journal system
Riyadh, Saudi Arabia--The Public Investment Fund (PIF) and Hyundai Motor Company (Hyundai) have signed a joint-venture agreement to establish an...
The investment in the joint-venture project is expected to exceed $500 million with PIF to hold 70 percent stake and Hyundai the remaining 30 percent
The JV project will speed up Saudi Arabia's automotive industry in addition to creating thousands of jobs and allowing for the transfer of knowledge and expertise
Dubai, UAE--Emirates Health Services (EHS) and Burjeel Hospital for Advanced Surgery have signed a memorandum of understanding (MoU) to bolster...
The MoU is designed to improve the delivery of health services in government schools in accordance with sustainable development goals in public health
Both the sides maintained that the objective is to strengthen cooperation between the EHS and Burjeel Hospital for Advanced Surgery in healthcare and continuous development
SHARJAH, UAE - The Sharjah Chamber of Commerce and Industry (SCCI) has logged an impressive surge in new memberships this...
The Chamber’s main branch and its other branches in Al Dhaid, Khor Fakkan, Dibba Al-Hisn, and Kalba now boast 45,373 active members.
The total export and re-export values of the members of the Sharjah Chamber reached US$4.6 billion through the third quarter of the current year.
DP World will operate Dar Es Salaam Port in Tanzania.
The main aim is of optimizing the port’s operations to improve transport and logistics services throughout Tanzania and its hinterland.
The port will connect to the hinterland of sub-Saharan Africa through a network of roads, highways, railways and dedicated freight corridors.
Majeed Al Abduljabbar will be the CEO from January 1, 2024.
Al Abduljabbar has been working in the banking sector for over 15 years, including in the HSBC Bank in London.
He also contributed to establishing the Department of Innovative Investment Solutions at SABB (now SAB).
Revenues for the period grew by 7.5 percent year-on-year.
Higher top line pushed gross profit up 3.4 percent YoY to SAR 7.1 billion. Operating profit jumped 31.6 percent YoY to SAR 1.97 billion.
Reflecting the increase in interest rate, finance charges for the current period increased by 22 percent YoY to SAR 510 million.
DUBAI, UAE – A real estate brokerage based here has compiled the 10 largest land deals in the Emirate since...
The recovery in land sales reflects developers’ efforts to acquire the best plots for launching real estate and commercial projects.
Several sale deals in Dubai focus on investors’ desire to buy land for investment purposes and get high returns as prices continue to rise.