Hosts Qatar embrace ‘positive pressure’ of Asian Cup title defense
Doha, Qatar -- Qatar coach Tintin Marquez said Friday they relish the "positive pressure" of trying to retain their Asian Cup...Arts & Culture Business
Disney+ subscribers surge as Netflix stumbles
The number of people subscribing to Disney+ topped 152 million, up some 31 percent from the same period a year...The overall number of subscribers to Disney streaming services topped those of Netflix for the first time
Disney shares were up more than 6 percent in after-market trades that followed release of the earnings figures
SEIC buys stakes in Egypt firms
The Saudi Egyptian company bought stakes worth $1.3bn.The SEIC will own shares in Abu Qir Fertilizers and Chemicals Industries Co., Misr Fertilizers Production Co., Alexandria Container and Cargo Handling Co.
The companies operate in sectors such as fintech, logistics, and fertilizer
Lebanese judge orders seizure of MPs’ property over port blast
The two former ministers Ali Hassan Khalil and Ghazi Zeaiter had been summoned for interrogation by the judge investigating the...The blast killed more than 200 people, wounded thousands and damaged vast areas of capital
Lebanon marked two years on Thursday since the massive port explosion
Air Arabia H1 profit $122.8m
More than 2.7 million passengers flew with Air Arabia from Mar-June.More than 5.2 million passengers flew with Air Arabia between January and June 2022 across the carrier’s five hubs.
The company’s turnover for the second quarter of 2022 increased by 125 percent as demand for air travel increased.
Saudi finance ministry partners with Al-Ahly to develop savings bonds
Saudi’s Ministry of Finance and the National Center for Debt Management has partnered with Al-Ahly Financial Company to develop and...Saudi Finance Ministry and National Center for Debt Management partner with Al-Ahly Financial Company.
The deal between the two entities is aimed at promoting the culture of saving in the Kingdom.
ADDED, EWEC sign MoU to improve sustainability, clean energy adoption
The Emirates Water and Electricity Company (EWEC) and the Abu Dhabi Department of Economic Development (ADDED) today signed a Memorandum...EWEC will collaborate with ADDED through the Industrial Development Bureau (IDB) to develop new solutions that will support the innovation of energy products.
They will also lead the drafting of proposals to ensure ongoing improvements to the ecosystem, attract new investments and enable sustainable firms to thrive in Abu Dhabi.
ADNIC H1 net profit $50m
The company's gross written premiums up by 20.9%.The company's net underwriting income stood at AED253.9 million, against AED280.3 million during 2021.
ADNIC's net investment and other income were AED62.0 million, compared to AED87.3 million last year.
UAE inflation low but businesses burdened by rising costs: Report
IMF estimates inflation in the UAE is expected to be at 3.7 per cent in 2022, falling to 2.8 percent...About 37 percent of UAE businesses are changing their pricing strategy in line with cost increases and 31 percent are focusing on product or service differentiation.
Businesses in the UAE report cost increases of 18 per cent for energy and utilities, 17 per cent for raw materials and 14 per cent for wages and staff compensation.
Salam International H1 net profit $8.6m
The profit dropped by 3.21 percent compared to H1 2021.In a bourse filing on Tuesday, the company said the Earnings per share (EPS) amounted to QR 0.027 versus QR 0.028 for the same period of 2021.
brokerage firm Dlala Holding posted a net profit of QR 4.943 million for the first half of 2022.
New buyer sought for first grain to leave Ukraine under deal
The Sierra Leone-flagged vessel Razoni left the Ukrainian port of Odessa on August 1 carrying 26,000 tons of maize.The Sierra Leone-flagged vessel Razoni left the Ukrainian port of Odessa on August 1 carrying 26,000 tons of maize
Another ship docked in Turkey Monday with a cargo of 12,000 tons of Ukrainian maize, becoming the first to reach its destination
