Qatar real-estate trading volume in January stands at US$521m
Doha, Qatar--The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry...Business
OpenAI valued at $80bn in new deal
With this deal, the value of the firm has tripled in 10 months.Business
Global medical and recovery tourism worth $100bn annually: Official
The revenues of the medical and recovery tourism, globally, is around $100 billion annually, said Bandar Al Fihaid, President of the...Bandar Al Fihaid, President of the Arab Tourism Organization (ATO) said this in a report.
The ATO president also said that Arab tourists expenditure amounts to nearly $30 billion.
easyJet orders 56 aircraft
The order for single-aisle aircraft is worth $6.2 billion.The new jets will over time replace part of easyJet's A319 fleet, whose average age is about 15 years.
London based easyJet operates more than 300 A320s, making it single biggest operator of the plane.
ADIB H1 net profit $381m
Net profit increased by 30 percent YOY to $381 million.The rise in net profit was attributed to top-line growth, continued optimization of the cost base and lower impairments.
The bank revenue for the first half of the current year improved seven percent to AED 2,838 million compared to AED 2,644 million last year.
Dubai Chamber members’ exports and re-exports $35bn in H1
The Dubai Chamber members' exports and re-exports surged to AED129.4 billion ($35 billion) during H1 2022, marking a 17.8 percent...The figure marks a 17.8 percent increase compared to the same period last year.
The number of certificates of origin issued also rose 8.9 percent year-on-year to exceed 357,000.
Expansion of Qatar’s NFE gas project well timed: Experts
Having revealed the list of companies chosen for expanding the North Field East (NFE) gas field, Qatar implements the first...Qatar's revenues are expected to rise by $40 billion after the first phase of expansion is completed by 2025.
TotalEnergies, ExxonMobil, ConocoPhillips, Eni, and Shell had won earlier this year contracts to develop NFE, whose investment costs stand at about $28.75 billion.
$399 million hospitality investment fund coming up in Saudi Arabia
A SAR 1.5 billion ($399 million) hospitality investment fund that will advance lifestyle hotels in Saudi Arabia will be set...Media reports said the lifestyle hotels will enhance promising sector-leading opportunities in various tourist destinations within the kingdom.
The projects are expected to provide around 2,000 hotel rooms and training opportunities for Saudi nationals.
Netflix subscriber base thins as competition heats up
Netflix reported losing subscribers for the second quarter in a row Tuesday as the streaming giant battles fierce competition and...Netflix shares were up slightly in after-market trades a sign that investors were remaining faithful
Netflix opted to develop the lower-cost offering after a disappointing first quarter in which it lost subscribers for the first time in a decade
Saudi VC investments post 244% jump to $584m in H1
Venture capital investments in Saudi Arabia have posted a staggering 244 percent increase to $584 million in the first half...MAGNiTT, a venture data platform, said that the Kingdom saw 79 deals in H1 2022, an increase of 36 percent compared to H1 2021
Fintech had the highest number of transactions with 17 deals, followed by logistics which had 12 deals, and e-commerce with eight deals, in H1 2022
Souq Al Jubail draws over two million visitors in H1 2022
The sales volume in the fish section of the soup during the six month period reached 2,086 tonnes, while volume...The sales volume in the fish section of the soup during the six month period reached 2,086 tonnes, while volume of sales of fruits and vegetables was 2,711 tonnes
The market comprises 260 shops divided into three parts: the vegetables and fruits, meat and fresh fish section
Tokyo equities post gains on US rally with eyes on BoJ
Tokyo stocks opened higher on Wednesday as investors took heart from US rallies and other positive factors while awaiting a...The benchmark Nikkei 225 index was up 1.27 percent, or 341.12 points, at 27,302.80 in early trade, while the broader Topix index advanced 1.29 percent
The dollar fetched 138.16 yen in early Asian trade, against 138.21 yen in New York late Tuesday
