Equinor reports 59% fall in net profit
Its earnings were US$36.2bn, half of what is was in 2022.Business
Innovation, expansion spur Gulf retail after pandemic
GCC retail sector evolves dynamically, blending innovation with tradition to woo investment, says Khalifa Bin Braik of Majid Al Futtaim...Business
Saudi Arabia emerges as one of the world’s top eSports hubs
The PUBG Mobile tournament was part of Gamers8, a summer festival spotlighting Saudi Arabia's emergence as a global eSports dynamo...Saudi Arabia's interest in gaming and eSports comes from the very top, with Crown Prince Mohammed bin Salman said to be an avid "Call of Duty" player
Saudi gamers are revelling in their country's newfound status and the eye-watering prize pools it brings
ENOC Group announces 50% Emiratisation during Careers UAE 2022
The various energy career opportunities were revealed during ENOC’s participation at the 21st edition of Careers UAE.The various energy career opportunities were revealed during ENOC’s participation at the 21st edition of Careers UAE
ENOC is recruiting young talented Emirati nationals in the energy sector in specialisations including chemical, mechanical, and electrical engineering
Aviation leaders warn travelers of higher ticket prices
Warning travelers around the world of more price pain, the IATA head and Qatar Airways chief have said that the...IATA says airlines posted losses of $180 billion in 2020 and 2021 and expects another $9.7 billion in losses this year
Akbar Al Baker said Hong Kong's aviation sector had been "devastated" by Covid restrictions, the city was no longer a global aviation hub
Qatar World Cup opens new room for UAE hospitality
Hotels in Dubai are reporting an increase in room bookings ahead of the Qatar World Cup 2022, with many expecting...Hotels in Dubai are reporting an increase in room bookings ahead of the Qatar World Cup 2022, with many expecting to be fully booked during the international football event
Spillover demand will undoubtedly be especially for hotel accommodations in cities such as Dubai, Abu Dhabi, Muscat, and Riyadh, says Faisal Durrani of Knight Frank
TAQA secures $1.09 bn funding to finance Mirfa power plant’s debt
Abu Dhabi, UAE-- Abu Dhabi National Energy Company (TAQA) has secured $1.09 billion in funding to refinance debt for Mirfa...Mirfa International Power & Water Company (MIPCO), which owns and operates the plant, secured the dollar-denominated financing from nine international and regional lenders.
The funding was utilized to refinance the company’s debt raised in 2014 as part of a soft-mini perm structure, an increasingly popular financing model within the region.
Dubai first half dhow trade up 21 percent: PCF Corporation
Dubai, UAE--The Marine Agency for Wooden Dhows has facilitated the entry of more than 6,000 wooden dhows during H1, reflecting...Since its establishment in July 2020 by Dubai’s Ports, Customs and Free Zone Corporation (PCFC), the emirate has witness a robust growth in dhow trade, PCFC said.
he Agency supervised the movement of 6,052 wooden dhows during H1 2022, which ferried 1 million metric tons of merchandise from countries across the MENA region and beyond.
Yahsat to pay $53.5m H1 dividend
The dividend will be paid by 14 Oct to all shareholders.The Group said it is on track to deliver a total dividend of at least AED393.3 million for the full 2022 financial year.
The second and final dividend for 2022 is expected to be paid in April 2023.
Wizz to set up fleet in KSA
It aims to set up a fleet of 50 aircraft in the kingdom.More than a quarter of the flights in the unit will be domestic, with about 50 percent focusing on the wider Middle East and the rest primarily on Europe
The company plans to start its services to Saudi Arabia next week, starting with flights to the Gulf city of Dammam from Rome, Vienna and Abu Dhabi
Spotify plans to sell 300,000 audiobook titles to US users; eyes expansion
Nir Zicherman, Spotify's Vice President and Global Head of Audiobooks and Gated Content said it's a starting point to expand...The company's decision to offer audiobooks on a pay-per-download basis is a departure from the monthly subscription model it uses for music and podcasts
Spotify's expansion places it in competition with other audiobook giants including Audible, an arm of Amazon, which currently dominates the market
Qatar emir says football fans will not face “discrimination”
Seeking to placate the concerns raised by rights groups, the ruler of Qatar has said that all fans will be...Organizing committee and government officials have said that the million plus fans expected to attend the World Cup should respect local cultural norms
The host nation has struggled to convince rights groups with its message that "all will be welcome" despite the law
