Rivals' challenge to the control of a key oil asset can derail the acquisition.
The buyout is part of its plan to boost media business.
The GCC personal luxury market will continue to be on a ‘strong growth trajectory,’ Chalhoub Group Chief Strategy Officer (CSO)...High-end jewelry is expected to continue to record strong growth in the region
Meanwhile, online shopping has doubled in the Middle East in the last two years
The United States has asked Qatar to supply gas to Europe if Russian supplies were disrupted due to Moscow's military...Qatar gas exports account for about 106 billion cubic meters, with 80 percent going to Asia and 20 percent to Europe
Qatar could cover around 13 percent of Russian gas imports to the European Union and the United Kingdom
Ras Al Khaimah Tourism Development Authority (RAKTDA) has achieved sixth place on the Best Workplaces List of 2022 – Small...It was also named one of the Best Workplaces for Women and a Great Place to Work in 2021.
RAKTDA was also recognized as the ‘Government Entity with the Happiest Work Environment' in the emirate.
Etihad Credit Insurance (ECI), the UAE Federal export credit company, has signed a Memorandum of Understanding (MoU) with Terminus Group,...The ECI said that it will safeguard the Terminus Group’s receivables and mitigate potential risks while trading in the UAE market or entering new competitive business settings.
Terminus Group is exploring with UAE strategic partners to bring its innovation and manufacturing capabilities to the UAE by setting up an innovation hub.
- Omani companies, which are listed on the Muscat Stock Exchange (MSX), reported total net profits of $1.39bn for the year...
The profits were 3.7 percent less than the $1.44bn in 2020 due to a fall in net profits of four out of the top five sectors at the MSX.
As per the report, Oman’s banking sector, the biggest sector in the exchange by market capitalization, offset some of the net profit declines of other main sectors.
Total assets by the end of March grew by 8.7 percent YOY.Total loans and advances increased by 12.3 percent year-on-year to $66 billion, and total shareholders’ equity reached $11.2 billion.
Net operating income of KD 236.5 million ($778.3 million), increasing by 6.8 percent compared to Q1 2021.
From the UAE to Saudi Arabia, Qatar to Kuwait, the GCC countries have posted robust growth in the real estate...Dubai saw the most significant recovery in the UAE real estate market, with the total value of residential real estate transactions increasing to $35bn by 2021
According to data compiled by the Saudi newspaper Al-Watan, the real estate sector had the most significant value of contracts in Q4 2021
Nakilat noted that earnings per share amounted to QR 0.07 in Q1 2022.Compared to its profit in April of 2021 which, stood at QR 320.106 million, the profit reached QR 381.835 million.
Nakilat represents the main transport link in the global supply chain of liquified natural gas from the State of Qatar.
- Some of the iconic real estate holdings developed by Taiba throughout Saudi Arabia suggest that the Kingdom is headed towards...
The company is a key supporter of Saudi Arabia’s transformative Vision 2030, in particular in regard to economic diversification.
Taiba, which has interests in hotels, tourism facilities and real estate, has a market capitalization of $1.5 billion, Refinitiv data shows.
- According to the statement, a Jordanian-Azerbaijani Economic and Investment Business Forum will be held in the coming period
The meeting also discussed the successful economic policies established by the Kingdom to support the private sector
It encourages foreign investment and provides more investment opportunities for companies wishing to invest in the Kingdom
