Bank plays crucial role in funding sustainable future
"We continue to capitalize on the promising opportunities in this market through innovative offerings and solutions, while strengthening our substantial...Business Banking & Finance
China steps up green transition drive to meet carbon-emission goals
Beijing, China--China is moving away from traditionally energy-intensive industrial sectors toward green development across key sectors, in efforts to fulfill...Business
OPEC+ meeting in focus as it decides on oil production strategy
After cutting production in 2020 in response to falling prices during the Covid pandemic, OPEC+ began to modestly raise it...The cartel led by Saudi Arabia and Russia has so far resisted US pressure to ramp up production significantly.
Biden visited Saudi Arabia in July to convince the Kingdom about producing more oil and stabilizing market.
UAE accounts for 25 percent of MENA digital media subscriptions: Report
UAE’s publishing sector has grown by 150 percent during the current decade and it will reach $650 million in 2030,...UAE’s publishing sector has grown by 150 percent during the current decade and it will reach $650 million in 2030.
The global media and entertainment services sector will reach $2.4 trillion in 2023.
Etihad orders 7 A350F freighters
The freighters will upgrade Etihad's freight capacity.With this order, Etihad adds to its existing order of the largest passenger version of A350-1000s, five of which have been delivered.
Etihad has also firmed up a long-term agreement for Airbus' Flight Hour Services (FHS) to support its entire A350 fleet.
45 types of dates on auction at Buraidah Dates Festival in Saudi
More than 45 types of dates have been placed at the auction grounds at the Buraidah Dates Festival, which began...The auction yards also witnessed the arrival of more than 3000 thousand cars and 950 tons of dates within three days.
Agriculture is still the cornerstone of the economy in Buraidah. Thousands of farmers and young people depend on the income generated from date farming.
Ajman posts 16 percent growth in new licenses in first half of 2022
The Department of Economic Development in Ajman (Ajman DED) has said the number of new economic licenses grew by 16...The number of industrial licenses increased by 51 percent to 83, compared to 55 licenses in H1 2021.
While Ajman accounted for 91 percent of licenses, Masfout area accounted for 5 percent and Manama 2 percent.
Airbnb revenue tops $2 billion
The company logged a net income of $379 million.The home rental platform logged a net income of $379 million in what it touted as the most profitable second quarter in its history
As a sign of confidence in its future, the San Francisco-based company announced it will devote $2 billion to buying back shares
Ooredoo to pay 3% interest
Group EBITDA for the period was QR4.5 billion.The company will pay the accrued interest of 3.25 percent to the bondholders amounting to $1 billion and due on Feb. 21, 2023
Ooredoo revenue for the half year ended 30 June 2022 stood at QR11 billion, an increase of 4 percent compared to the same period last year
stc profit jumps to $1.6bn in H1
The Saudi Telecom Co. will pay $532m in quarterly dividend.According to Olayan Alwetaid, the CEO of the company, DARE 2.0, a company specialized in cloud computing, was established with SR894 million capital
The telecom giant’s profit jump from SR5.77 billion in the same period a year ago came on the back of a 7 percent surge in sales
BMW profits slide as China lockdowns hit production
BMW said economic conditions would "remain difficult" in the second half of the year, with the war in Ukraine also...The carmaker shipped just over 563,000 units in the second quarter of 2022, a drop of 19.8 percent
BMW said economic conditions would "remain difficult" in the second half of the year, with the war in Ukraine also disrupting supply
Metaverse Strategy set to position emirate as global Web3 hub
Dubai is already home to more than 1,000 companies in the metaverse and blockchain sector.Dubai is already home to more than 1,000 companies in the metaverse and blockchain sector
The DMS aims to support more than 40,000 virtual jobs and add $4 billion to Dubai’s economy
