Middle East commercial aircraft services market to grow to US$28bn
Abu Dhabi, UAE--The MENA region's commercial aircraft services market will more than double in value by 2042, according to Airbus’...Business
Qatar and Egypt hold talks to ramp up civil aviation cooperation
Cairo, Egypt-- Qatar and Egypt have discussed enhancing ties in the field of civil aviation between the two countries.In this...Business
Maqta Gateway buys TTEK
The total acquisition cost comes to US$26.7 million.This move will reinforce Maqta Gateway's market position as a leading digital trade and holistic single window solution provider.
TTEK’s solutions use over 1.5 million risk indicators and AI predictive modeling to establish more reliable border security controls.
German business confidence up in April but rise weaker than expected
"German business's worries are abating, but the economy is still lacking dynamism," said Ifo president Clemens Fuest.The Ifo institute's monthly confidence barometer, based on a survey of about 9,000 companies, rose to 93.6 points from 93.2 points in March.
Manufacturers have been boosted in the short term by lower energy prices -- which had surged last year following Russia's invasion of Ukraine.
Traders in GCC gear up for volatile week as markets gradually reopen
Traders are expected to scramble to incorporate changes in sentiment following last week's data, while keeping an eye on the...Changes in sentiment following last week's data and global data are expected to impact trading
Qatari stock market may reopen with new pressures on prices due to caution among investors
Marketwatch: Recession fear hurts commodity market
"As the gold correction unfolded last week, platinum remained supported due to supply concerns from South Africa facing frequent power...Crude prices are heading for their biggest weekly loss since last month's banking turmoil-led sell-off, wiping out most of the gains that followed the OPEC+ cut announcement
Mining companies' quarterly results highlight that global tightness in the copper market will continue, but the short-term outlook points to continued rangebound trading
Iraq’s entry into SWIFT platform positive business message
Baghdad, Iraq -- The Federation of Iraqi Chambers of Commerce FICC has said that Iraq offers promising investment opportunities and...Iraq has thousands of promising investment opportunities in oil, agro-industries, commercial and tourism, said FICC head Abdul Razzaq Al-Zuhairi.
He called on the government to "improve these processes and eliminate red tape, bureaucracy, nepotism and other things that keep the investor from investing his money in Iraq."
Qatar expects Eid bonanza, hotel occupancy rates to go up 80%
Doha, Qatar-- Qatar expects a big boost in hotel occupancy rates by at least 80 percent during the Eid holidays...Qatar aims to have at least six million visitors annually and raise the contribution of the tourism sector to the country's GDP to 12 percent by 2030
Visitors can now apply for a visa using a single platform, on which they can submit their visa applications and then receive the travel documents
Stc to buy assets in Europe
It will acquire a portfolio of towers in Europe for US$1.3bn.According to a statement, Tawal infrastructure, an arm of Saudi Telecom will pay cash for a host of more than 4,800 towers in Bulgaria, Croatia, and Slovenia
A few media reports said that it was close to a deal to buy the assets from United Group, which is backed by buyout firm BC Partners
Technology drives facility management growth in GCC
The sector is likely to grow at a CAGR of about 10% on the back of technology adoption, rising expenditures...The sector is likely to grow at a CAGR of about 10% on the back of tech adoption, rising expenditures in building industry, and flourishing tourism, says an expert
Tech-driven dynamism in market leads to surge in computer-aided facility management and IoT adoption, highlights Sangeetha B, Founder & CEO of Amantra
Bed Bath & Beyond files for bankruptcy
The firm was a regular on the Fortune 500 list of biggest American companies.The home goods chain filed voluntary petitions for relief under Chapter 11 at the United States Bankruptcy Court.
The New Jersey-based retailer, sold everything from shower curtains and soaps to vacuum cleaners and duvet covers.
HFZA showcases Sharjah as attractive investment destination at India Steel 2023
SHARJAH, UAE - India is among the UAE's most significant investment partners, with substantial mutual investments. Iron and steel rank...Iron and steel rank among the top commodities exported from the UAE to India.
India is among UAE's most vital trade partners, with substantial mutual investments.
