Abu Dhabi’s non-oil foreign trade grows by 9% in 2024 to $83bn
Abu Dhabi, UAE -- Abu Dhabi Customs reported a 9 percent increase in the emirate’s non-oil foreign trade in 2024,...Business Economy
Tesla Q1 sales sink 13 percent
The dip occurred amid lower production during factory upgrades.Company News Business
CI Capital 2023 revenue $134m
The firm’s performance was fueled by strong growth.The group’s total on-balance sheet financing portfolio ended the year at US$373 million.
Corplease, the group’s leasing arm, saw its revenue rise 70 percent to reach US$74 million.
Bitcoin hits fresh record above $72,000
Bitcoin hit a fresh record above $72,000 on Monday as demand for the cryptocurrency picks up amid optimism that the...The virtual unit struck $72,234 as dealers also eyed an upcoming industry event that traditionally boosts bitcoin's price
The rally was helped by news that Britain's Financial Conduct Authority had said it would allow the creation of crypto-related securities
UAE’s e-commerce sector projected to earn $9bn revenue in 2024
Dubai, UAE - The UAE's online shopping market is gearing up for unprecedented growth, with revenue projections hitting $9 billion...One of the key drivers of this expansion is the emerging trend of "metaverse e-commerce," a segment anticipated to experience a 37% growth from 2024 to 2030
The top performers in 2023 were Toys, DIY, and hobbies, leading with 29% market share, closely followed by fashion at 27%
United Arab Bank elects new chairman
Sheikh Mohammed bin Faisal will now lead the bank.The appointment of new chairman reflects the bank's and its shareholders' pledge to be at the forefront of innovation and growth
He has wide experience of more than 30 years in many industries, including the financial, banking, real estate, and tourism sectors
Shifting dietary trends boost MEA’s protein market
Rise of flexitarian and vegan diets in the region is driving demand for alternative proteins, with the market expected to...Rise of flexitarian and vegan diets in the region is driving demand for alternative proteins, with the market expected to cross $2.71 billion by 2029, says a report.
Disruptive tech leads alternative protein firms' growth, positioning the UAE as a future hub for sustainable food production, adds Data Bridge Market Research.
China Eastern Airlines to operate three weekly fights between Shanghai and Riyadh
Riyadh, Saudi Arabia - The Saudi Air Connectivity Program (ACP) and China Eastern Airlines have entered into a strategic partnership...The new route is set to operate with an A330-200 aircraft, offering an annual capacity of 35,880 inbound seats
Both parties anticipate increased trade, people-to-people exchanges, and dialogues across various sectors through this 'Air Silk Road' initiative
Cryptocurrency Ether witnesses meteoric rise since launch
NEW YORK, US – Bitcoin has captured the limelight in recent weeks as it surged to a new record high, yet...Launched in 2015, Ether is by far the second-largest digital currency in terms of total value, now estimated at over $460 billion.
Bitcoin's rise has been well-documented, but Ether's has been even more impressive, surging almost 72 percent year to date.
Non-Jordanian investors own 47% of ASE market value as of February 2024
AMMAN, JORDAN – Data released by the Amman Stock Exchange reveals that non-Jordanian investors bought shares worth US$12.5 million (JD8.9...From the beginning of 2024 till end of February, non-Jordanian investments in the stock exchange totaled $21.8 million in purchases.
The contribution of Arab investors in the non-Jordanian group accounted for US$11.7 million or 93.6 percent in February.
Doctors play key role in enhancing healthcare system
“Emirati doctors play a key role in enhancing the healthcare system and promoting health and wellness throughout society. We look...UAE Minister of Health highlights the contributions of Emirati doctors on Emirati Doctor's Day.
Abdul Rahman bin Mohammad bin Nasser Al Owais praises doctors for their dedication and excellence.
Aramco profit down in 2023
The oil giant posted a 24.7% fall in net profit to US$121.25bn.Aramco said the decline reflects the impact of lower crude oil prices and lower volumes sold
Saudi Arabia said last week it was extending its oil supply cuts of one million bpd through June
