Business - TRENDS MENA

Its revenue rose to US$4.72bn in the first 9 months of 2023.
The company posted a 28 percent rise in net profit to $741 million, compared to $576 million last year
It made strategic investments in Oman, Iraq, Tunisia and Maldives to drive growth in these markets
Riyadh, Saudi Arabia -- Saudi Arabia's real Gross Domestic Product (GDP) decreased by 4.5 percent in the third quarter of...
Non-oil activities and government activities grew by 3.6 percent and 1.9 percent respectively in the third quarter due to a 17.3 percent fall in oil activities.
Seasonally adjusted real GDP decreased by 3.9 percent in the third quarter compared to the previous quarter, due to a decrease in oil activities and government activities.
Its revenue spiked to US$898m in the first 9 months of 2023.
The company posted a162.6 percent increase to $37.30 million during the third quarter of 2023
It plans to set up two medical centres in Dubai and Abu Dhabi and one Burjeel Day Surgery Centre in Al Dhafra
The company's third-quarter profit was well above the first quarter's 640 billion.
Samsung announced third-quarter operating profits of "2.4 trillion won ($1.7 billion) based on strong sales of flagship models in mobile and strong demand for displays"
The company said net profit dropped 37.7 percent year-on-year to 5.8 trillion won -- though it represents a rebound from the second quarter's 1.7 trillion won
There is a sense of relief on trading floors that the Israel-Hamas conflict has been contained so far, with optimism...
With worries about supplies from the crude-rich Middle East subsiding for now, both main oil contracts edged up slightly Tuesday
Data showing China's factory sector activity shrank in October weighed on sentiment, dragging on Hong Kong and Shanghai
Its revenues grew 3.7% to US$896 million in the quarter.
The company posted a 57.7% jump in net profit to $137.23m, its highest quarterly level over the last three years
The company has been pushing further the deployment of 5G network which reached 98.5% coverage
From L'Oréal's controversy involving model Amena Khan to Chanel's significant financial pledge, the fashion industry is deeply entwined in political...
From L'Oréal's controversy involving model Amena Khan to Chanel's significant financial pledge, the fashion industry is deeply entwined in political discourse amid Gaza crisis.
As luxury brands navigate the delicate balance amid the ongoing Israel-Hamas conflict, the role of social media influencers and corporate philanthropy comes to the forefront.
RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) has announced the economic policy of the civil aviation...
The economic policy aims to increase the operational performance of the Kingdom's airports and improve the performance of national carriers.
This is to help change the Kingdom into a global destination for transport and shipping services by providing infrastructure attractive to foreign investment.
JEDDAH, SAUDI ARABIA - From the start of the month of Muharram until the end of Rabi' Al-Awwal, Saudia Airlines...
Its commitment to operate during the Umrah season for the year 1445 Hijri aligns with Saudia’s dedication to contribute to the Saudi Vision 2030 goals.
Saudia planned to provide additional charter flights during the current Umrah season, aiming to transport more than 100,000 Umrah performers through new stations.
"To comply with evolving European regulations, we are introducing a new subscription option in the EU, EEA (European Economic Area)...
Meta said European users can subscribe for a fee of 9.99 euros ($10.50) a month on the web, or 12.99 euros on mobile phones using iOS and Android systems
The company has taken the decision after a series of tougher European Union rules intended to rein in big tech, including the General Data Protection Regulations