Riyadh, Saudi Arabia - Saudi Arabia's aviation sector soared to new heights in 2023, with a significant increase in both...
SEOUL, SOUTH KOREA – South Korean flag carrier Korean Air said on Thursday it will sign a US$13.7 billion deal with...
The Saudi firm made $279.4bn in profit in 12 months.The figure is equal to the combined profits of Apple, Google’s parent company Alphabet, and Microsoft
Apple, the leader among global companies in terms of market capitalization, ranked second in the profitability index, with profits of $120.5 billion during the 12 months
- It will cost some $350 billion to rebuild Ukraine from the devastation caused by the Russian invasion, according to a...
The report estimates that $105 billion will be needed to address urgent needs such as restoring education and health systems and infrastructure
Ukraine Prime Minister Denys Shmyhal said reconstruction already was underway in the de-occupied territories but will require help from international partners
- Almost two months before the start of World Cup, Qatar put the $675 million stadium, the venue for the final,...
The stadium, shaped like a traditional Arabic bowl, is at the heart of a new city being built north of the tiny Gulf state's capital
FIFA president Gianni Infantino has said it will be the "best-ever" World Cup and that foreign fans will have an experience like a "child going to Disneyland for the first time"
The FIFA World Cup, which is likely to boost tourism across GCC, is all set to increase revenues for Gulf...The FIFA World Cup, which is likely to boost tourism across GCC, is all set to increase revenues for Gulf airlines, hotel and restaurant industries and domestic transportation
Beside Saudi Arabia, Dubai would benefit the most from the expected tourism boom in the Middle East during the World Cup, suggest latest reports
Stock markets and oil prices rallied Friday, with investors largely pricing in more interest rate hikes aimed at taming runaway...The more confident mood across equity and oil markets was reflected in a cooler dollar.
The greenback's softness came after Federal Reserve chief reasserted the US central bank's determination to keep hiking interest rates to fight prices
ADNOC says domestically produced natural gas is more commercially competitive compared to imported coal or gas and it will support...The natural gas will be used to generate electricity at Dubai Electricity and Water Authority (DEWA)’s Independent Power Producer Hassyan Power Complex.
The Complex was initially built to operate full-time at full load on both natural gas or clean coal but has been transformed to run only on natural gas.
The Chairman of the Ajman Chamber of Commerce and Industry (ACCI) recently received an economic delegation from the Russian Federation...ACCI Chairman highlighted investment opportunities in the real estate, building and construction sectors to the Russian delegation.
The Chairman stressed Ajman Chamber's keenness to develop economic ties and attract investors to the emirate.
Official reserves consist of four main components: foreign bonds and treasury bills, cash balances with foreign banks, gold holdings, special...Official reserves consist of four main components: foreign bonds and treasury bills, cash balances with foreign banks, gold holdings and special drawing rights deposits.
In addition to the official reserves, other liquid assets are in foreign currency deposits and the two together constitute what is known as "total international reserves".
A global hub for major events, ADNEC centre has infrastructure, flexible teams and facilities to provide key services through a...A global hub for major events, ADNEC centre has infrastructure, flexible teams and facilities to provide key services through a number of companies
ADNEC Group encompasses a number of specialised companies that synergistically operate in six main business sectors
Kabul, Afghanistan - A United Arab Emirates firm signed a contract with Afghanistan on Thursday to manage air traffic across...The contract is part of more than $300 million that Abu Dhabi based GAAC aims to invest in Afghanistan over a 10-year period to develop its aviation sector.
The deal allows GAAC to "operationalize airspace to allow the passage of international carriers", the company's regional head Ibrahim Moarafi said.
