American Airlines orders 260 jets
It is part of the airlines' effort to 'modernize' its fleet.Business
Dubai International Boat Show helps in marine business
DUBAI, UAE – Dubai International Boat Show has wrapped up following a hugely successful week of high-value boat sales, important...Business Global Tourism
Tihama’s stock surges 10%
The firm won the nod from CMA to increase capital by 700%.Its shares jumped 9.81 percent, continuing to lead the market’s gainers since early trade at $28
According to a bourse filing, the marketing firm’s capital will be increased from $13.33 million to $107 million
Samsung expects 31.7 percent decline in Q3 profit
The South Korean tech giant, Samsung Electronic, has said that it expects operating profits in the third quarter to fall...Operating profit for July to September was predicted to reach 10.8 trillion won ($7.7 billion), down 31.7 percent
The global economy is now facing multiple challenges, including soaring inflation, rising interest rates, and a growing threat of a broad debt crisis
Jordan’s first medical university set to enroll students
The Aqaba Medical Sciences University (AMSU), the first medical university in Jordan, will enroll its first class of medical and...According to the Chairman of the board of trustees, the investment in the private university is valued at $169.25 million, which can be increased
The university will also house an educational and training hospital, which is currently being built, and in its first cohort, the university will enroll 150 students
Judge halts Twitter-Musk case, sets Oct. 28 deadline to close deal
Delaware Judge Kathaleen McCormick, ruling on a Musk request to freeze the case that had drawn a biting retort from...The move buys time for a potential reconciliation between two parties
Twitter said Tuesday it expects to close the buyout deal at the $54.20 price
UAE becomes a growing business, brand hub, followed by Saudi Arabia
To draw firms from around the world, the UAE and KSA have been working hard over past few years to...The UAE and Saudi Arabia have been developing infrastructure on par with developed nations to attract businesses from around the world
Dubai is also great for businesses from the rest of the globe because it is relatively simple to register a property, obtain building licenses, and enforce contracts
IMF chief urges action as global recession risks rise
IMF chief Kristalina Georgieva urged global policymakers to take concerted action as the risks of a worldwide recession are driven...The IMF chief said that if central banks move too aggressively to tamp down price pressures, it could trigger a prolonged economic downturn.
Finance ministers and central bank governors from over 180 nations will gather in Washington for a meeting of the IMF and WB.
ADX adds 5 single stock futures
The move will help develop ADX derivatives market.The addition of new contracts has doubled the total number of derivative products on ADX to 10 in less than a year.
Market participants will be able to trade on leverage and hedge their equity exposure using these contracts.
Air travel rebounds but still suffering from pandemic
Air travel rose sharply in the northern hemisphere summer, traditionally the peak vacation travel season, but still remains considerably affected...Total air traffic in August soared up by two thirds from the same time last year, but was still only at 73.7 percent of its pre-Covid level.
Asia experienced the biggest rebound, where traffic more than tripled.
TAQA to sell Netherlands business
TAQA Energy will sell upstream oil and gas business to Waldorf.The financial terms of the deal were not disclosed. TAQA said the sale was made following its 5 July 2022 announcement that it had completed a review of oil and gas business.
On September 23, TAQA and ADNOC announced the financial closing of their $3.8 billion project to power and decarbonize ADNOC's offshore production operations.
For Saudi fan, road to World Cup is a desert trek
Wearing a wide-brim hat and a backpack to which Abdullah Alsulmi'd affixed Saudi and Qatari flags, he said: "I consider...To keep his load light, Alsulmi subsists on food he can buy at petrol stations, often chicken and rice, while showering and washing his clothes at mosques
Alsulmi sets out at sunrise and walks until 10 or 10:30 am, but then the heat forces him to break for a few hours before resuming in the afternoon and continuing until sundown
