ASML profit soars to US$8.5bn
It has shrugged off geopolitical tensions to post high profits.Business
Dubai Customs records 30.4m transactions in 2023, posting 17.5% growth
Dubai, UAE--Dubai Customs has successfully processed more than 30.4 million customs transactions during the entire year of 2023.This set a...Business
ADC to start trading on ADX
The firm was established by ADQ and Chimera Investment.Trading follows the conclusion of ADC's public subscription to retail and professional investors
The listing of ADC offers target businesses the opportunity to access capital in Abu Dhabi's capital markets
Dubai records $2.36 billion in weeklong real estate transactions
Dubai has recorded 2,884 real estate and properties transactions at the value of AED8.7 billion ($2.36 billion) in total during...Dubai Land Department said that 297 plots were sold for AED1.59 billion, as well as 2,116 apartments and villas for AED4.75 billion.
The total value of mortgaged properties for the week reached AED2.02 billion and 89 properties were granted between first-degree relatives worth AED413 million.
Gulf Print and Pack 2022 concludes, records deals worth $6.8m
The Gulf Print and Pack (GPP) 2022 concluded at the Dubai World Trade Centre, recording deals worth more than AED...GPP organisers said the decision to move from a four-day show in past editions to a three-day event in 2022 was vindicated with daily attendance increasing by 15 percent.
Sales of machinery and equipment were the biggest contributors to the total, with Canon closing over $2.5 million in sales and Kodak reporting in excess of $1 million.
Al Seer buys two new ships
The firm, a subsidiary of IHC, acquired the vessels for AED246m.The company, which is pursuing an expansion strategy to become a major world leader in commercial shipping, is looking to buy up to 15 ships in 2022
In its latest transaction, Al Seer Marine has purchased LPG tankers, MT Alcor and MT Alkaid, each with a capacity of 20,700 cubic meters
Saudi football coach signs new deal after World Cup success
Saudi Arabia's coach Herve Renard has signed a new five-year deal after guiding the team to this year's World Cup...The Frenchman was shown signing a shirt with the number "2027" in a video posted by the official Twitter account of the Saudi national team
Saudi Arabia reached their sixth World Cup and second in a row with room to spare after finishing top of their qualifying group ahead of Japan and Australia
Saudi Arabia launches 40% cash rebate for film productions
The program provides big support to local, regional and international film producers to shoot their works inside Saudi Arabia.The program provides big support to local, regional and international film producers to shoot their works inside Saudi Arabia
The commission called on Saudi and international production companies that are planning to shoot in the oil-rich kingdom to apply for the incentive program
Cloudflare of US sets up shop in Dubai Internet City
With the entry of Cloudflare, a top-rated American content delivery network, into its rapidly expanding zone, Dubai Internet City has...Cloudflare announced Dubai as its first office in the Middle East to support its growing EMEA operations
In 2021, Dubai led the world in attracting foreign direct investment (FDI) with a record number of 418 greenfield FDI projects
Three Saudi ports make world records on CPPI 2021
The CPPI is an indicator produced by the Transport Global Practice of the World Bank.The CPPI is an indicator produced by the Transport Global Practice of the World Bank.
The King Abdullah Port ranks first on the list of 370 global ports, while Jeddah Islamic Port ranks eighth
UAE to fund interest on home loans for its nationals
The UAE has decided to fund interest on home loans obtained by its nationals from banks "to ensure economic well-being...Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure, has revealed that the UAE Cabinet has endorsed a new policy for UAE nationals home finance
The minister made the remarks in a briefing organized by the Ministry of Energy and Infrastructure, represented by SZHP
Only football fans with match tickets to enter Qatar
Qatar will only let football fans with match tickets enter the Gulf state during the World Cup tournament, officials said...Akbar Al Baker, who is also tourist minister, said Qatar's Hamad International Airport and the older Doha International Airport would double capacity
Qataris and legal residents will also be able to enter but authorities have yet to announce how business people will be processed
