Kuwait leads GCC market gains amid regional tensions
Despite challenges from regional tensions and fluctuating oil prices, sectors like F&B and pharma see notable increases, showcasing the diverse...Business Markets
Gaza solidarity boycott hits global food chains
As customers in the Middle East shun international restaurants, local businesses report they have benefited from the boycott.Business Geostrategy Global
Qatar Airways, British Airways expand partnership, form largest airline
The airlines have added 42 new countries to their shared network, including Italy, the Maldives, Norway, Singapore, and Sweden.The airlines have added 42 new countries to their shared network, including Italy, the Maldives, Norway, Singapore, and Sweden
Customers will now benefit from even greater choices in prices and schedules with options for direct flights as well as connections via hubs in London and Doha
China to gift giant pandas to Qatar for World Cup
Although China has not qualified for the World Cup, but it will still mark its presence in the event with...China did not qualify for the World Cup but its companies have been involved in the construction of mega projects around the event
Suhail is the name of one of the brightest stars visible in the Gulf region, while Soraya is the Arabic name for the Pleiades star cluster
Qatar set to handle 1.5m FIFA Cup fans, challenges
Hotels, condominiums, cruise ship cabins, and even desert camps have all stepped up to accommodate the overflow of tourists as...Hotels, condominiums, cruise ship cabins, and even desert camps have all stepped up to accommodate the overflow of tourists as the Gulf country is getting ready for the event
The event is likely to contribute more than US$ 19.5 bn, which will be around 11 percent of Qatar's GDP in 2019, says Paulina Zalewska Dzieciuchowicz of PRO Partner Group
UAE-Oman non-oil trade $98.56 billion in past decade
The volume of trade exchange between the two countries during the first half of this year amounted to AED24.2 billion.Trade between the two recorded a growth of 98.9 percent to reach AED46.5 billion by 2021 end, compared to AED23.4 by 2012 end.
It said non-oil exports accounted for 33 percent of the total non-oil trade during the past ten years, recording a value of AED120 billion.
Masdar, REW sign collaboration pact
The two firms will explore developing offshore wind projects.Masdar and RWE are shareholders in the London Array project, which has been operational since 2012.Â
The wind farm has an operating capacity of 630 megawatts, powering more than half a million homes, while displacing almost 1 million tons of carbon dioxide emissions every year.
Apple to make iPhone 14 in India in shift away from China
The iPhone supply chain is based mainly in China but the country's zero-Covid policies and tensions with the United States...About 7.5 million iPhones -- around three percent of Apple's global production -- were made in India last year, the analyst added.
Apple's announcement will be a boost to Prime Minister Narendra Modi's "Make in India" strategy under which he has urged foreign businesses to manufacture goods in his country.
SAFEEN Feeders, Invictus sign deal
They will launch a new international dry bulk shipping service.Under the terms of the agreement, the two companies will purchase ships through Special Purpose Vehicles, owned 85 percent by SAFEEN Feeders and 15 percent by Invictus Investment.
The two companies are expected to initially commit approximately AED463 million (US$126 million) for the investment in the vessels.
‘Firms in UAE resist employee demands for hike in salary’
Several firms in the UAE have received requests from employees to adjust compensation packages in line with the inflation in...Firms plan pay rises of 5 percent in 2023 as over 66 percent of companies receive requests for higher salaries.
Over 200 global and local companies from all sectors were surveyed.
BNPL payments in UAE may reach US$17.5bn by 2028
A leading retailer in the UAE has said that over 15 percent of its customers have now shifted to 'Buy...A number of people in the 24-45 age group prefer alternatives to credit cards for purchases.
As per the scheme, purchases can be split into four easy interest-free payments from the time of purchase.
Interpol sends out red notice for Terra crypto founder
Nearly a month after a South Korean court issued an arrest warrant for Do Kwon, a cryptocurrency founder, Interpol has...On Twitter, Kwon denied that he was on the run but did not reveal his whereabouts
Kwon's Terra/Luna system disintegrated in May, with the price of both tokens plummeting to near zero, and the fallout hitting the wider crypto market
