Dubai airport clocks record 92.3 million passengers
A record 92.3 million passengers travelled through Dubai's international airport last year, its operator said on Thursday, extending a post-pandemic...Business
Morgan Stanley sees upswing in MENA M&A deal volumes and values
After a challenging year where M&A activity in the Middle East and North Africa took a tumble, Morgan Stanley forecasts...Business Uncategorized
Passenger traffic could exceed earlier figures, says Dubai Airports’ CEO
DUBAI, UAE – The airport here has "every chance" of breaking its record for passenger traffic this year after surpassing pre-pandemic...Dubai International, the world's busiest airport for international passengers for nearly a decade, hit 87 million visits in 2023.
Dubai Airports' official forecast for 2024 stands at 88.8 million passengers, despite the Israel- Hamas war which began in October.
SCC committee discusses issues related to Sharjah’s economy and tourism
SHARJAH, UAE - The Financial, Economic and Industrial Affairs Committee of Sharjah Consultative Council (SCC) held a meeting to discuss...The committee addressed the outcomes of its recent visit to Sharjah Commerce and Tourism Development Authority.
The committee was briefed about the authority’s efforts to stimulate tourism by conducting events throughout the year.
Nintendo shares tumble 8.5%
Its next-generation console will be delayed until 2025.A news report said the next console would miss the key Christmas holiday shopping period in December
The gadget is fading with the console now in its seventh year, but the company is tight-lipped about its plans
Qatar real-estate trading volume in January stands at US$521m
Doha, Qatar--The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry...According to a bulletin issued by the Ministry of Justice, some 362 real estate transactions were recorded during the month
The value of Doha municipality's transactions came out at $324 million, as per the real estate market index for January 2024
Aamal net profit up 5.7%
Its gross profit jumped 3.1% to US$137.25m in 2023.According to a company's statement. Its gross profit shot up 3.1 percent to $137.25 million.
Its chairman said the performance of their trading and distribution segment was noteworthy
GCC emerges as a cryptocurrency investment hub
Driven by government initiatives, economic diversification and a tech-savvy population, the region is becoming a prominent center for cryptocurrency investment,...Driven by government initiatives, economic diversification and a tech-savvy population, the region is becoming a prominent center for cryptocurrency investment, says an expert.
Hao Yang of Bybit highlights the sector's regulated nature, its accessibility beyond tech-savvy individuals, and the importance of education and due diligence behind its growth.
Saudi holdings of US Treasuries surge to $131.9b in December 2023
ABU DHABI, UAE - Saudi Arabia’s holdings of US Treasuries reached US$131.9 billion in December 2023, up $3.8 billion month-on-month,...The Kingdom maintained 16th place among the largest holders of US treasury securities for December.
Saudi Arabia’s holdings of US Treasuries were distributed among long-term and short-term bonds.
HMG 2023 net profit $544m
The rise was due to the hospitals and pharmacy segments.The increase in net profit came as revenues edged up 14.41 percent year-on-year (YoY) to US$2.5 billion (SAR 9.5 billion).
Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 18.49 percent YoY to US$666 million (SAR 2.5 billion).
OpenAI valued at $80bn in new deal
With this deal, the value of the firm has tripled in 10 months.The deal would have the San Francisco-based firm selling existing shares to investors led by Thrive Capital
The tech firm led a revolution in artificial intelligence when it placed its ChatGPT program online in late 2022
Saudi Arabia aims to build ties with Canada in scientific and research fields
Riyadh, Saudi Arabia-- Saudi Arabia is exploring investment opportunities in education and aiming to attract investments to the kingdom from...The Saudi education minister explored investment opportunities in education, besides seeking to foster scientific and research collaboration between the two countries
The visit of the Saudi delegation also looked to consolidate the partnerships between the kingdom's ministry of education and Canadian universities and colleges.
