Qatar Chamber discusses ways to boost ties with Korean companies
Doha, Qatar--The Qatar Chamber (QC) discussed ways to enhance cooperation and exchange expertise with Korean companies in agriculture and food...Business
Saudi GACA issues air carrier, airport classifications for December 2023
RIYADH, SAUDI ARABIA - The General Authority of Civil Aviation (GACA) issued its monthly classification index for air transport service...Business Economy Aviation
Dubai ranked first globally in attracting greenfield FDI projects
The emirate attracted 418 greenfield FDI projects, Crown Prince of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum said....Both FDI projects and FDI job creation witnessed a significant increase of 36 per cent in 2021, with an estimated 24,868 jobs in 2021, compared to 18,325 jobs in 2020.
The United Kingdom was the biggest source of FDI, accounting for 27 percent of total share of the FDI capital, followed by the US, France and Germany.
Flydubai posts 114% jump in passenger bookings in Q1
Flydubai has reported a 114 percent jump in passenger bookings in the first quarter of the year. The airline said...The airline said it has operated 19,000 flights and carried 2.35 million passengers during the period
It also witnessed an increase in demand for connecting traffic with 43 percent of the passengers connecting to the carrier’s network
Aafaq Islamic Finance picks new CEO
The company has appointed Hisham Hammoud to the post.Hisham Hammoud is considered one of the pioneers in the banking and financial sectors
He has more than 25 years of experience in the fields of banking and Islamic banking
Companies envision taxis flying above jammed traffic
Companies such as Archer, Joby and Wisk are working on electric-powered aircraft that take off and land vertically like helicopters...Neighborhood parking garage rooftops or shopping mall lots could serve as departure or arrival pads for electric vertical take-off and landing aircraft
Commuters would make it the rest of the way however they wish, even synching trips with car rideshare services such as Uber
Nigerian airlines suspend flights over soaring fuel prices
The cost of fuel has soared worldwide since Russia invaded its neighbor Ukraine in February and the West responded by...A customer will have to pay 120,000 naira ($289) for a one-hour flight as fuel price soared which is unaffordable for Nigerians, so Airlines decided to stop flying
Aviation ministry urged airlines to "consider the multiplier effect of shutting down operations, on Nigerians and global travelers"
Oman natural gas production sees slight increase
The country’s National Center for Statistics and Information has announced that the country’s production of natural gas at the end...The consumption of natural gas in industrial areas rose 13.9 percent in March this year, compared to the same period in 2021
Gas consumption witnessed a decrease in oil fields by 7 percent and in power plants by 3.3 percent at the end of last March
Beauty, fashion brands eye NFT advantage
There is enormous potential for NFTs in the fashion and beauty business, says Louis Chen, EVP and Chief Strategy Officer...Brands are using NFTs and blockchain technology to attract, verify, and engage consumers globally
GCC brands should take advantage of the trend to engage with customers in new, innovative ways
UAE stocks shed gains as most GCC markets remain shut
In a week truncated by the Eid holidays across the Middle East, stocks on the UAE exchanges shed gains, while...UAE stock exchanges plummeted as the Dubai index lost more than 1% and Abu Dhabi index slipped 0.1% on Friday
Before the Eid Al-Fitr holiday, the Saudi market index closed with gains of 4.9%
Saudi Arabia okays six tourism projects worth $400 million
Saudi Arabia has okayed six tourism projects to the tune of $400 million in the first quarter of 2022.Saudi Arabia’s Tourism Development Fund, on its official Twitter account, stated that it launched three main programs
The fund also concluded partnerships and agreements with the Ministry of Culture, the Cultural Development Fund, Radisson Blu and Deutsche Hospitality
Boehly consortium to buy Chelsea for record $5.2bn
Chelsea confirmed on Saturday that a consortium led by LA Dodgers co-owner Todd Boehly has won the battle to buy...Owner Roman Abramovich put Chelsea on the market in early March, just days before he was sanctioned by the British government following Russia's invasion of Ukraine
The total value of the deal smashes the previous record for the sale of a sports team -- $2.4 billion for the New York Mets baseball franchise in 2020
