Business - TRENDS MENA

Muscat, Oman -- Travel and tourism sector's contribution to the Gulf's GDP by the end of 2024 reached approximately 11.4 percent,...

Sales revenue rose 22% from January to March.
Net profit dropped 29.9 percent, with VW saying it was due to the impact of commodity hedging, which had pushed up operating profit in the period a year earlier
Sales revenue rose 22 percent from January to March, boosted by improved sales in Europe and North America, said VW, which also confirmed its positive forecast for the year
Cairo, Egypt--Egypt’s current account deficit fell 77.2 percent to $1.8 billion in the first half of the North African country’s...
The drop in the deficit was caused by current account turning a $1.41 billion surplus last year as imports dropped and exports soared
According to S&P Global's report, the downturn in the business sector softened in April as cost inflation fell to a on-year low
Abu Dhabi, UAE--The property market in Abu Dhabi has recorded 5,472 property sales and mortgages valued at US$7.62 billion in...
The emirate recorded a 147 percent jump in the value of real estate transactions during the first quarter of 2023 compared to the same period of last year
The Department of Municipalities and Transport has reported an increase in the value of mortgage transactions to $3.18 billion during the first quarter
Abu Dhabi, UAE--Looking to boost tourism and cultural exchange between the two countries, the Department of Culture and Tourism Abu...
The deal will bolster tourism and economic cooperation between the two nations, driving growth in leisure traffic in key markets
The partnership entails starting initiatives like joint sales workshops, training, roadshows to improve partner engagements and cultural exchange
The company delivered 127 aircraft in Q1 of 2023.
Revenues generated by Airbus' commercial aircraft activities decreased by five percent year-on-year.
The company's defense and space unit saw revenues drop by six percent, while the helicopter unit jumped by 26 percent.
Revenue is due to demand for fixed, mobile services.
The prepaid customer base of EITC increased to 6.7 million, driven by the continued attractiveness of Flexi plans and brisk tourism activity.
EITC's commercial initiatives led to a 9.4 percent increase in mobile customers, with 8.2 million subscribers at the end of the quarter.
Dubai, UAE -- April 2023 was the best month in a decade for Dubai's real estate market, both in terms...
The number of transactions grew by 17 percent to 8077 in April 2023, from 6898 transactions in April 2022.
The value of the transactions witnessed a surge of 46 percent compared to the same month last year.
Dubai, UAE - Dubai Electricity and Water Authority (DEWA) has added 200 MW of clean energy from the fifth phase...
DEWA organized a conference in March 2023 to give an overview of the latest developments of the 1,800MW 6th phase for local and international developers
The solar park's current production capacity is now at 2,327MW, which is about 15.7 percent of Dubai's total production capacity of energy
Dubai, UAE-- Seeking to take advantage of the boom in the Middle East's hospitality sector, Radisson Hotel Group will triple...
The hotel group plans to have 150 properties across the Middle East by the end of the decade, from its current portfolio of 52 hotels in the region
It will open seven properties across Saudi Arabia in 2023 as its intends to capitalize on the surge in religious tourism in the kingdom
The company's profits came in at $1.8 billion.
Profits came in at $1.8 billion, compared with a $3.1 billion loss in the year-ago period connected to an accounting loss
Tuesday's results were the first under Ford's new reporting structure that includes separate financial details for EVs