Dubai receives 1.77m international tourists in January this year
Dubai, UAE--Dubai welcomed 1.77 million international tourists in January 2024, an increase of 21% compared to 1.47 million visitors in...Business
AstraZeneca to buy Amolyt for $1bn
It will pay $800 million upfront for the Lyon-based company.Company News Business
Iconic Balti eateries in UK facing battle to survive
The balti -- a curry of spices, coriander, onions, tomatoes and green peppers with meat or fish -- was created...Andy Munro is on a mission to save what he and other devotees view as a key part of Birmingham's cultural and culinary heritage.
Munro, author of "Going for a Balti: The Story of Birmingham's Signature Dish" and who runs a website for balti lovers, is looking to the local authorities for support.
Gulf Union Alahlia Q1 profit $7.5m
Results were due to a fall in insurance services expenses.Net investment income rose to US$1.2 million (SAR 4.6 million) from US$1 million (SAR 4 million) in Q1 2022.
The insurance services provider reported a rise in other income to US$4 million (SAR 15 million) in Q1 2023.
Binance and SEC reach deal to repatriate US customers’ funds
US Securities and Exchange Commission did not specify how many of Binance's US customers are affected, nor the value represented...Binance is alleged to have permitted US residents to trade, even though the platform is not registered in the United States as a securities exchange.
The platform, created in Shanghai in 2017, has cornered much of the crypto-trading market, turning its globe-trotting founder Zhao into a billionaire.
Dubai Chamber of Digital Economy launches report on the emirate’s economyÂ
DUBAI, UAE - Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers, has launched its...Dubai's Venture Capital Ecosystem provides an overview of the investor landscape backing start-ups and scale-ups in the MENA region.
Dubai Chamber of Digital Economy is tasked with attracting leading tech firms, start-ups and scale-ups that can support the Emirate's digital ambitions.
Jamjoom Tadawul debut on Jun 20
Jamjoon Pharma IPO was launched on May 25 at SAR 60 per share.The company said the daily fluctuation limit is +/- 30% and static price fluctuation limit is +/-10%, Jamjoom said in a statement to Tadawul on Sunday.
The company offered 21 million shares, representing 30 percent of its share capital. The IPO was the largest in Saudi Arabia since Saudi Aramco Base Oil's IPO in Dec 2022.
Bupa renews contract with SABIC
It will provide health insurance to SABIC staff and their families.The contract revenue is forecast to exceed 10 percent of Bupa Arabia’s annual gross written premiums (GWPs) for 2022, Argaam said.
The relevant financial impact will likely appear on the insurer’s 2023 and 2024 financial results. The contract included no related parties.
UAE to deepen economic tie-ups with various world countries: Sheikh Saud
St. Petersburg, Russia-- The UAE is seeking to strengthen economic cooperation with many countries in the world in order to...The ruler of Ras Al Khaimah was speaking at the opening session of the St. Petersburg International Economic Forum 2023 as the representative of the UAE
He drew attention of the audience to the efforts being accelerated in the UAE to enhance prosperity and deepen stability, as well as diversify non-oil revenues and investments
Boeing expects number of planes in air to double in 20 years
The American aircraft manufacturer estimates 48,575 planes will be in service in 2042, compared with 24,500 last year. This will...North America will take 23 percent of these new planes, the Asia-Pacific region 22 percent, Eurasia 21 percent and China alone 20 percent
Boeing also expects low-cost carriers to more than double in size over the next 20 years-- substantial growth, but slower than the past 20 years
Qatar Chamber looks to burnish lackluster gold and jewellery sector
Doha, Qatar-- In order to remove obstacles facing the gold and jewellery sector in the country, Qatar Chamber has reviewed...The chamber meeting discussed bottlenecks facing the sector and the proposals received by the committee as per the results of a survey conducted last month
In order to develop the sector, the gold and jewellery committee was recently established to address and discuss the issues facing the sector in the country
Global food bill will rise to US$1.98trn in 2023, up 1.5%: FAO
According to a report by the FAO, the world food import bill is forecast to touch a new record this...The FAO's biannual report warns that the decline in food import volumes is a "concerning development", indicating a decline in purchasing capacity
The report further says that world wheat production in 2023 is expected to drop by 3.0 percent from its all-time high of 777 million tonnes in 2022
