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
Tata Group retains IPL sponsorship rights for record $300m
New Delhi, India - Corporate behemoth Tata Group has again been awarded title sponsorship rights of the Indian Premier League for...Business Global Sports
Stock markets steady awaiting start of Fed meet
Major stock markets mostly steadied Tuesday, with traders braced for a sharp US interest rate hike to curb soaring inflation....With the increase widely forecast, investors will be closely looking for clues on the outlook for futures rate rises
Central banks worldwide are tightening borrowing costs despite concerns such action could hamper financial recovery from the pandemic
Pfizer posts 77% jump in Q1 revenues to $25.7bn
Pfizer reported another quarter of huge revenues growth because of its Covid-19 vaccine on Tuesday, but lowered the company's full-year...Net income jumped 61 percent to $7.9 billion
Pfizer confirmed its full-year revenues forecast, in which about just over half of total sales stem from the Covid-19 innoculation and from Paxlovid
Iran oil minister meets Venezuela President amid rising oil prices
The two countries are said to have discussed ways to ‘overcome’ the effects of US sanctions against both nations.Javad Owji's visit to Venezuela came just weeks after a visit by US officials in the midst of rising global oil prices
In March, a US delegation held a meeting with Maduro, whose very legitimacy as president Washington disputes
Jeddah Season 2022 kicks off in Saudi Arabia
This year's Jeddah Season is expected to feature international events and artistic and theatrical performances, Arab and international art concerts,...Jeddah Season 2022 is expected to make Jeddah a permanent destination for tourism, entertainment, and events in the region
The 60-day event will reportedly see 2,800 activities in nine main zones in the presence of Jeddah residents and visitors
Rockets hit key oil refinery in Iraq, causes minor damage
Six rockets landed Sunday in northern Iraq's autonomous Kurdistan region, Kurdish counter-terrorism forces said, with "minor damage" reported at a key...Kurdish counter-terrorism forces said in a statement that six rockets fell near the Zab river in the Khabat district
The attack which caused no casualties or damage was not immediately claimed by any organization
What are the GCC’s top stock exchange constituents?
What are the top constituents of stock exchanges spread across the GCC countries? Here’s our infographic.Some constituents — publicly traded companies — of the MSCI World Index would be heavier than others
And countries within the Gulf Cooperation Council have some of the biggest public companies in the world
Finland firm scraps nuclear plant deal with Russia
Finnish-led consortium Fennovoima said on Monday it has terminated a contract with Russian group Rosatom to build Finland's third nuclear...The proposed 1,200-megawatt Russian-designed reactor was to be built in Pyhajoki, about 100 kilometres (60 miles) from the port of Oulu in northern Finland
Two days before Russia's invasion of Ukraine, the Finnish government had said it was re-evaluating the security risks for the 7.5-billion-euro deal
Kuwait rebuilding five commercial license centers across country
Kuwait’s Ministry of Public Works has announced it will be re-building five commercial centers across the country. Local media reports,...Hawally Center, Khaitan Center, Mansouriya Center, Al-Dhahr Center and Al Ayoun Center are spread across different governorates.
Each building consists of a basement, a ground floor, first and second floors, and the roof.
Stock markets slide all across as Fed rate hike looms
Asian and European markets fell in holiday-thinned trade Monday following another tech-led rout on Wall Street, with focus on the...Trading floors around the world have been buffeted for months by a perfect storm of crises including China's lockdowns, surging inflation, Fed plans to hike rates
However, with some commentators warning rates could go as high as three percent, there are also worries the Fed could be too heavy-handed and tip the US economy into recession
Eid holidays boost Gulf tourism as COVID curbs ease
From overseas to the domestic circuit, the tourism industry in the Gulf Cooperation Council is witnessing a welcome resurgence, especially...Gulf citizens are looking to spend Eid al-Fitr abroad after being compelled to stay home for the past two years
This year’s Eid al-Fitr holiday witnessed high occupancy in the UAE hotel sector, driven by strong domestic tourism demand
