Asian markets mostly down as China sets 5 percent growth goal
Hong Kong, China - Asian markets largely fell on Tuesday after China set an ambitious five percent annual growth target and...Business
JetBlue, Spirit Airlines cancel merger
Earlier, a federal judge ruled it violated US antitrust law.Company News Business
UAE to deepen economic ties with Morocco in several sectors
Rabat, Morocco-- Seeking to deepen its investments in Morocco, which stood at US$14 billion at the end of 2021, the...Having invested US$14 billion at the end of 2021, the UAE is the largest Arab investor in Morocco and second in the world
The UAE and Morocco will double the volume of trade and investment during the next few years and also ramp up cooperation in many sectors
Alkhaleej Insurance posts profit
Its net profit soared 33% to US$7.49mn for Q1 of 2023.Its EPS stood at QR 0.107 at the end of March 31, 2023 as against EPS QR 0.080 for the same period in 2022
Qatar Islamic Insurance reported a 7.16 percent jump in the net profit to $8.04 million in net profit in the first three months of 2023
Jewellery with Nazi links set to fetch $150mn at Christie’s auction
Four hundred of the Horten lots will be sold at Christie's Geneva auction house from May 10 to 12. According...Christie’s will offer 700 lots from Horten’s collection, including "unique and exceptional pieces" from 20th-century designers including Cartier, Harry Winston and Bulgari
The sale could eclipse previous records set by Christie's in sales of properties that belonged to actress Elizabeth Taylor in 2011 which exceeded $100 million
Abu Dhabi aims to draw 24 million visitors by end of 2023
Abu Dhabi, UAE--The emirate of Abu Dhabi is looking to draw some 24 million visitors by the end of 2023,...In 2022, the Abu Dhabi hotel occupancy rate touched 70 percent as 18 million visitors trooped into the emirate, posting a 13 percent jump
The emirate received the highest number of international visitors from India, Saudi Arabia, the United Kingdom, and the United States
Enhanced governance, financial control crucial for SMEs’ growth in Gulf region, says expert
Despite significant rise in SMEs across GCC, there is still room for improvement in terms of governance, bringing in external...Despite significant rise in small businesses across GCC, there is still room for improvement in terms of governance, bringing in external shareholders, says Rabih I. Khoury of MEVP
Reducing political friction and achieving economic and political stability will help regain consumer confidence and encourage longer-term investments, adds Khoury
UAE, Morocco discuss ways to strengthen trade relations
Rabat, Morocco - The UAE is keen to strengthen economic and trade relations with Morocco, in a way that enhances...The two sides discussed the importance of intensifying mutual investments in areas of technology, cyber security and artificial intelligence.
They also discussed launching a new program to support agricultural investments and stimulating joint cooperation.
EU reports employment rate of 75 percent in 2022
BRUSSELS, BELGIUM - In the European Union countries, 75 percent (193.5 million) of people in the 20-64-year- age group were...The employment rate in the EU dropped to 72 percent in 2020 due to the COVID-19 pandemic.
In 2022, the EU over-qualification rate was 22 percent, with 21 percent for men and 23 percent for women.
Arabian Travel Market unveils Monday in Dubai
DUBAI, UAE - The 30th edition of Arabian Travel Market (ATM) will open Monday at Dubai World Trade Center (DWTC),...The event, on May 1-4, will see global travel, tourism, and hospitality experts discuss how their industry is ‘Working Towards Net Zero’.
Exhibitor participation in the event has risen by 27 percent compared to last year’s event, with growth registered across all show sectors.
DEWA keen to enhance happiness in work environment, says CEO
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) affirmed its commitment to achieve the 'We the UAE 2031' vision..."We harness all capabilities, technologies and digital solutions to strengthen the skills of our employees," DEWA CEO said.
"We consider employees the main pillar for strengthening DEWA’s position as one of the most prominent utilities in the world," he said.
UAE keen to expand ties with Uzbekistan beyond clean energy: Al Mazrouei
Suhail bin Mohammed Mazrouei, Minister of Energy and Infrastructure, said the UAE was keen to widen ties with Uzbekistan in...Al Mazrouei maintained that the UAE will continue to help Uzbekistan in achieving economic and investment goals
President Mirziyoyev of Uzbekistan praised the UAE for supporting the Central Asian nation in its quest for growth and development
