TOURISE 2025: Riyadh to host premier summit for sustainable tourism
Riyadh, Saudi Arabia -- Saudi Arabia's Minister of Tourism, Ahmed Al-Khateeb, has officially unveiled TOURISE, a groundbreaking global platform set...Business Tourism
Turkey says increasing energy exports to war-torn Syria
Damascus, Syria -- Turkish Energy Minister Alparslan Bayraktar said Thursday in Damascus that his country would ramp up energy exports...Business Geostrategy
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
Lufthansa cabin crews to go on strike
The announcement came after the airline's record profits.The strike will cover flights out of Frankfurt on Tuesday and from Munich on Wednesday, with Lufthansa's subsidiary CityLine also affected
The latest walkout began last Thursday, with Lufthansa ground staff staging a nationwide two-day strike after a previous walkout in February
Ooredoo partners with Dropbox
It will enable customers to access Dropbox's tools.The partnership will enable business customers across Ooredoo’s markets to access Dropbox’s fast, secure, and reliable syncing and collaboration software
Ooredoo CEO said the partnership with Dropbox underlines the company's commitment to deliver comprehensive digital solutions for their business customers
