Real estate transactions worth over US$74m take place in Qatar in week
DOHA, QATAR - The volume of real estate trading in the country in sales contracts at the Department of Real...Business
Ronaldo scores first goal for Al Nassr to earn draw for club
Al-Hasa, Saudi Arabia--Cristiano Ronaldo got off the mark for his new Saudi paymasters Al Nassr on Friday with a stoppage-time penalty that...Ronaldo buried the spot-kick in the 93rd minute for a point that left the Riyadh club joint top of the Saudi Pro League with a game in hand over Al Shabab
The large sum includes 200 million euros for promoting Saudi Arabia's expected joint bid to host the 2030 World Cup
Events keep hotel occupancy high in Saudi Arabia
Over the next decade, the Kingdom's tourism industry is projected to develop at an annual rate of 11 percent, making...Over the next decade, the Kingdom's tourism industry is projected to develop at an annual rate of 11 percent, making it the region's fastest-growing tourism market
More hotels are being built at full speed, and extensive infrastructure works and upgrades are being carried out in the central business hubs of Riyadh, Jeddah, and other cities
UAE, France foreign ministers discuss strategic partnership
ABU DHABI, UAE - UAE Minister of Foreign Affairs and International Cooperation Sheikh Abdullah bin Zayed Al Nahyan received French...The UAE and French ministers discussed bilateral relations and available opportunities for expanding cooperation between the two countries.
The two sides stressed their keenness to continue consultations and coordination on issues of mutual concern.
Dubai’s records weeklong real estate transactions worth $2.44 billion
Dubai, UAE---A total of 2,157 real estate transactions worth over AED 9 billion ($2.44 billion) were conducted during the week...The DLD report revealed that 237 plots were sold for AED 1.56 billion, with an additional 1,920 apartment and villa sales recorded totaling AED 5.77 billion.
The value of mortgaged properties for the week reached AED 1.68 billion, with the highest being a land in Al Barsha South Fourth, mortgaged for AED 324 million.
US sees surprise hiring surge as unemployment edges down
US job gains surged unexpectedly last month as unemployment slipped to its lowest rate in over five decades, government data...The figure, which could prove concerning to policymakers, defied expectations of a further decline in job gains.
The Federal Reserve has also been monitoring wage growth on concerns that elevated salaries could feed into services inflation.
Aluminum Bahrain 2022 net profit $1.10 bn
The Q4 2022 profit was down 78% compared to Q4 2021.Alba achieved revenue of $1.22 billion in Q4 2022 versus $1.39 billion for the same period in 2021, a drop of 12 percent.
The revenue for 2022 stood at $4.89 billion, up by 16 percent compared to $4.21 billion for 2021.
Sanofi 2022 net profit at $7.3bn
Dupixent drug has been a huge success for the firm.Sanofi is aiming for US$10.9 billion in sales of Dupixent this year.
The company's net profit rose by eight percent in 2022.
Drydocks World, Aker form JV
They will upgrade an FPSO vessel for the Rosebank field in the UK.The JV signed its first contract with Altera Infrastructure, a global energy infrastructure services group, to upgrade, refurbish and electrify the FPSO, the Petrojarl Knarr.
The vessel will be redeployed at Rosebank field, with the upgrades allowing it to be kept in the field for 25 years without drydocking.
Egyptians hope to bag bargains at Arab world’s largest book fair
Cairo, Egypt---Thousands of Egyptian bibliophiles weave through a labyrinthine display of books, reviving an annual tradition at the Arab world's largest...The 54th Cairo International Book Fair was overshadowed by a punishing economic crisis that has seen Egypt's currency halve in value and prices skyrocket in the past year.
To incentivize readers, Egypt's publishers' association has encouraged sellers to give the option of buying books in instalments through popular buy-now-pay-later services.
Google, Apple disappoint as tech earnings hit by gloom
Google parent Alphabet's revenue of $76 billion in its fourth quarter and profit of $13.6 billion were below what it...Google saw a slump in its crucial advertising sales, which were slightly better than analysts had projected, according to data compiled by Factset
Apple's revenue was $117.1 billion, down 5.4 percent from a year ago for the same quarter a year earlier, missing what analysts had forecast
