$20 million rare blue diamond goes on show in Abu Dhabi
Abu Dhabi, United Arab Emirates -- A rare blue diamond valued at $20 million went on pre-auction display on Tuesday...Arts & Culture Business Culture & Society
Gulf aviation industry sets sky-high standards
"The demand from certain sectors indicates a strong interest in First Class, prompting us to introduce a newly-designed First Class...Qatar Airways CEO, Engr. Badr Mohammed Al Meer, emphasizes innovation in elevating customer experience amidst growing competition.
Digital innovation drives organizational efficiencies, supporting the expansion of Qatar Airways into growth markets like China and India.
UAE’s working mothers get extended maternity leave
The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120...The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, says Kathryn Martin of VFS Global.
This initiative, led by companies like VFS Global, not only enhances employee well-being but also promotes gender equality and diversity in the workplace, she adds.
Air Arabia shareholders approve 20% dividend for FY2023
SHARJAH, UAE – Air Arabia shareholders approved the distribution of a 20 percent cash dividend for the financial year ended...The dividend, which is equivalent to 20 fils per share, underscores another year of record financial performance.
In 2023, Air Arabia added 26 new routes to its global network from its operating seven hubs.
Du, Samsung ink agreement
The two companies have signed a three-year partnership.This collaboration allows for expansion in the business-to-consumer (B2C) and business-to-business (B2B) segments.
The companies will also collaborate on reaching the younger generation, with joint participation in events like the Dubai Esports Festival.
Non-oil sectors contribute 50% to Saudi Arabia’s real GDP in 2023
RIYADH, SAUDI ARABIA – Non-oil activities in the Kingdom have achieved a historic milestone, reaching a 50 percent share of...This translates to a non-oil economy valued at US$$453 billion (SAR1.7 trillion) at constant prices.
Non-oil economy is valued at $$453 billion at constant prices, fueled by growth in investment, consumer spending and exports.
Vodafone sells Italian unit to Swisscom
British telecoms giant sold the business for US$8.7 billion.Vodafone has been on a cost-cutting campaign that has included layoffs and the offloading of divisions abroad
Its CEO said the deal with Swisscom marked the "third and final step in the reshaping of our European operations"
Nissan, Honda in tie-up for EVs
The alliance will take on China's dominant EV makers.The MoU could include cooperation on a common EV powertrain and joint procurement of batteries and other components
The firms announced a joint news conference at 3:30 pm (0630 GMT) in Tokyo without giving further details at this point in time
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...Tourists from Western Europe ranked first with 327,000 visiting the emirate in January
Some 311,000 travelers from the GCC countries visited Dubai in the same month
Sweden’s gaming group Embracer divests Russian assets
Stockholm, Sweden - Swedish gaming group Embracer, which owns the Borderlands franchise and the Tomb Raider license, announced on Thursday that...Beacon Interactive, which is controlled by Saber Interactive co-founder Matthew Karch, will pay $247 million for the unit, according to Embracer.
Embracer said the divested assets included "38 ongoing game development projects," amounting to a book value of 2.3 billion kronor ($225 million).
Saudi inflation rises to 1.8% in February
RIYADH, SAUDI ARABIA – Saudi Arabia’s inflation accelerated to 1.8 percent in February compared to January 2024, according to data by the General...The cost-of-living index for February rose to 110.64 points, according to the base year 2018, from 108.67 points in the same month a year earlier.
Inflation is measured by the percentage change in the cost of living between the current period and the corresponding period of the previous year.
