Total value of Saudi Arabia’s export of dates reaches US$389m in 2023
RIYADH, SAUDI ARABIA - According to data released by the National Center for Palms and Dates (NCPD), the value of...Business Economy Global
Gold hovers near a month high on slowing US inflation
ABU DHABI, UAE- Gold prices hovered near a month high on Friday after data suggested easing US price pressures, while...Business Economy
TRENDS poll: GCC residents opt to be in Dubai for Eid vacation
Most of the participants, in the poll from as far away as Egypt and Lebanon, picked up Dubai to celebrate...Dubai has been attracting young travelers in droves, thanks to its infrastructure, cleanliness, beaches, and high levels of safety
Qatar has seen an influx of tourists, with a record number already being registered in the first two months of the year
A blueprint for business success in the Middle East
Successful business leadership requires that we innovate and embrace change. This means a commitment to seek paths untrodden, embracing new...Increasingly, the mind is the biggest soil that must be mined, sowed, and tilled as the industries of the future require ideas, creativity and intelligence
Successful business leadership requires that we innovate and embrace change and this means taking the roads less travelled, and willingness to take risks
Abu Dhabi QCC drives emirate’s infrastructure development in 2022: Report
Abu Dhabi, UAE - Abu Dhabi Quality and Conformity Council (QCC) has made strides in developing the quality infrastructure of...In 2022, the Council approved 26 new technical documents, reviewed 22 draft specifications and technical regulations.
The report said that the council has conducted over 5 million laboratory examinations since 2014, 606 main services and over 2,394 sub-examinations.
WHO may aid Iraq in a bid to localize pharmaceutical sector
BAGHDAD, IRAQ - The World Health Organization (WHO) affirmed it is likely to support Iraq in the localization of its...The WHO official said the organization has a plan with Iraq's health ministry for seven years to advance the health reality.
He said that "coronavirus testing laboratories have increased from one laboratory to more than 70 laboratories.
Strong demand for UAE luxury real estate
By the end of 2022, the UAE was expected to attract more than 4,000 high-net-worth individuals. Around 25 percent of...The UAE alone accounted for more than 48 percent of the $143 billion in real estate sales in the GCC region.
Numerous celebrities—including the likes of Brad Pit, Madonna and Giorgio Armani—have already invested into Dubai’s real estate market prior to the pandemic.
DEWA approves payment of US$1.29bn in dividend to shareholders
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) which is listed on the Dubai Financial Market (DFM) on Monday...DEWA general assembly was chaired by Matar Humaid Al Tayer, Chairman of the Board of Directors of the utility.
Saeed Mohammed Al Tayer, MD and CEO of DEWA and members of the Board of Directors also took part in the meet.
After backlash, Twitter now calls NPR, BBC, ‘government-funded’
The change in how Twitter refers to Washington-based National Public Radio happened quietly overnight Saturday and comes after the network...Elon Musk's social media network has applied the label to BBC's Twitter account, which is funded predominantly by British households paying a license fee
The decisions will deamplify tweets from both companies, limiting their reach on a platform that remains a major communication tool for media outlets
e& to acquire a majority stake in Careem Super App for $400m
Careem’s ride hailing business will remain fully owned by Uber and continue to be available with all other Careem services...Careem’s ride hailing business will remain fully owned by Uber and continue to be available with all other Careem services on the existing app for customers
The Careem Super App offers over a dozen services including food and grocery delivery, micro-mobility, a digital wallet and suite of fintech services
Microsoft, G42 sign MoU
MoU will leverage core competencies of both the firms.The MoU will help explore joint business development and marketing opportunities across a variety of areas G42 covers.
Microsoft and G42 will be working in the coming months to finalize the development required to ensure regulatory compliance.
SISCO to pay $8.6m dividend
The cash dividend will be paid for the second half of 2022.The dividends will be paid from 16 May 2023 and the payment is the final instalment of dividends for the year 2022.
The company paid a total of 65.28 million riyals in dividends for the second half of 2022.
