Aramex Q4 net profit doubles
The firm reported a marginal YoY decline in Q4 revenue.Company News Business
Emaar 2023 revenue at $7.3bn
Emaar property sales rose to US$ 11 billion in 2023.Company News Business
LeBron’s 18-year-old son Bronny signs Nike endorsement deal
The younger James, who turned 18 last Thursday, is a guard at Sierra Canyon High School near Los Angeles while...LeBron James signed a lifetime Nike deal in 2015 after working with the shoemaker since his own days as an 18-year-old prep prospect
Bronny James inked an NIL deal for name, image and likeness rights along with four other young basketball guards
Arab designer labels stir up $29bn GCC luxury market
Luxury goods business in the MENA region is seeing a reorganization, surprising market experts, as homegrown brands challenge the hegemony...While the Covid pandemic made a big dent in others sectors of the global and the Middle Eastern economies, the luxury business in the GCC region was surprisingly unaffected
Customers in the GCC region have been pushing for localization even before the Covid pandemic hit the world
Sustainability key focus of GCC automotive industry
Current trends in the automotive sector such as zero-emission vehicles and carbon-neutral manufacturing demonstrate the growing importance of sustainability, says...BMW Group is placing sustainability at the center of their strategic direction across all divisions, says a key BMW Group Middle East official
By 2030, BMW will release around 10 million fully electric vehicles onto the roads, adds Hamid Haqparwar, Managing Director at BMW Group Middle East
Dubai records over US$435m in realty transactions Monday
Dubai real estate market recorded 445 sales transactions worth US$321 million, in addition to 68 mortgage deals of $121 million...Dubai real estate market recorded 445 sales transactions worth $321 million.
The market witnessed 68 mortgage deals of $121 million and 37 gifts deals amounting to $16 million.
Saudi Arabian delegation visits Oman, to enhance bilateral ties
A Saudi Arabian delegation led by Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha is on a...A Saudi Arabian delegation led by Minister of Communications and Information Technology Eng. Abdullah bin Amer Al-Swaha is on a visit to Oman.
The Saudi delegation met with Oman's Minister of Transport, Communications and Information Technology Saeed Al-Mawali and Minister of Economy Saeed As-Saqri.
Burjeel begins trading on ADX
Shares closed the debut session up 15 percent ($0.62).The company raised AED1.1 billion ($299.49 million) after offering a 11 percent stake in an IPO.
It was oversubscribed 29 times to over AED32 billion after seeing a significant demand from UAE and outside investors.
Algeria, France hail ‘new dynamic’ in economic ties
The Algerian and French prime ministers hailed a "new dynamic" as they launched a joint economic forum during a visit...Borne and her delegation are the latest in a string of top European officials to visit Algeria.
The two-day business forum was organized by the Algerian Chamber of Commerce and Industry and Business France, a government agency.
E-marketing reduce prices of poultry products by up to 20% in Saudi
Riyadh, Saudi Arabia--Saudi Poultry Producers Committee has said that use of some applications in marketing has helped consumers obtain products...Saudi Poultry Producers Committee recommends farmers to benefit from modern marketing technologies.
Saudi Ministry of Environment, Water and Agriculture recently set up a company to market Saudi agricultural products in cooperation with the Federation of Saudi Chambers.
Markets sink as US jobs data fan rate hike bets
A brief rally across trading floors last week gave way to gloom as investors grow increasingly worried that central bank...All three main indexes tumbled Friday following news that a net 263,000 US jobs were created in September
With the spotlight on a consumer price index reading later in the week, policymakers continue to take a hawkish tone
Al Sagr to cut capital
It has sought shareholders' nod for 65% capital reduction.According to a bourse filing, the Saudi insurer aims to reduce its capital from $106 million to $37.33 million.
The company is restructuring its capital in order to write off accumulated losses of $69.33 million
