RIYADH, SAUDI ARABIA – Saudi Arabia’s inflation accelerated to 1.8 percent in February compared to January 2024, according to data by the General...
The company's revenue grew 6.6 percent to $18.25 billion.
Many GCC airlines have teamed up to create an air bridge to fly the fans to watch World Cup games...Various airlines from Qatar, Kuwait, Saudi Arabia, Oman, and Dubai announced the establishment of a daily air bridge between Doha and the GCC countries during the World Cup
The World Cup will draw a massive crowd with the International Football Association stating that it had received more than 23.5 million requests to purchase tickets
- The most successful active owners keep a ‘Plan B’ ready. Many real-life structural and organizational conditions need to be in...
The most successful active owners keep a ‘Plan B’ ready. Many real-life structural and organizational conditions need to be in place to enable strategy optimization.
A constructive board of directors, including vocal independent members and experts, is an indispensable ally of the active owner
The government spending, partly supported by significant revenues from government assets, have enabled Ras Al Khaimah to diversify its economy,...The government spending, partly supported by significant revenues from government assets, have enabled Ras Al Khaimah to diversify its economy, says the latest Fitch report.
The emirate’s agility in terms of spending has led to a budget surplus in the government sector equal to 1.4 percent of GDP in 2021, adds US-based credit rating company.
- Jordanian companies forged trade partnerships during their participation in the APAS Show 2022, an annual food and beverages exhibition held...
Seven companies participated in the Jordanian pavilion, which was organized by the Jordanian-Brazilian Business Association and Jordan Exports.
Jordan Chamber of Industry President Fathi Jaghbir said the "successful" Jordanian participation has laid the groundwork for future business.
- The facility will be the world's largest solar process heat plant.
When completed, the 1,500 MW solar steam facility will help MA’ADEN achieve sustainability goals by reducing carbon emissions by over 600,000 tons annually.
This represents more than 50 percent reduction of carbon footprint in MA’ADEN’s Alumina refinery and 4% of MA’ADEN’s overall carbon footprint.
- Major oil producers led by Saudi Arabia and Russia on Thursday decided to open taps wider than expected amid soaring...
Analysts had expected OPEC+ producers to stick to their policy of modest output increases, as they have done since May 2021.
OPEC+ drastically slashed output in 2020 as demand slumped when the world locked down under the coronavirus pandemic.
In April the company announced it will acquire two LNG vessels.All five new-build LNG vessels will be built at the Jiangnan Shipyard in China.
ADNOC L&S, the shipping and maritime logistics arm of ADNOC, is region’s largest shipping and logistics company.
Kuwait's export of crude oil to Japan has climbed 7.6 percent to 6.61 million barrels, or 220,000 barrels per day...Kuwait overtook Qatar to become Japan's third-biggest oil provider last month
Japan's overall imports of crude oil grew 9.9 percent year-on-year to 2.92 million bpd, up for the ninth month in a row
- dnata, global air and travel services provider, announced that it would invest $100 million in green operations in the next...
The company’s ongoing investment in infrastructure, equipment and process improvement will support it to achieve its strategic objectives.
The company said it aims to reduce its carbon footprint by 20 percent by 2024, and by 50 percent by 2030.
- The Free Zone announces this at Seamless Middle East 2022.
AFZ said the growth can be attributed to the authority's diverse set of offerings, primarily warehouse solutions and the evolving e-commerce sector in the UAE.
The dedicated logistics cluster also benefits e-commerce businesses by providing access to end-to-end warehousing capabilities, AFZ said.
