Passenger traffic at Sharjah airport jumps to 15.3 million in 2023
Sharjah, UAE--The number of passengers travelling through Sharjah airport reached 15.3 million in 2023, as compared to 13.1 million in...Business
Saudi Arabia unveils 45,000-seat multi-use stadium in Qiddiya City
RIYADH, SAUDI ARABIA - The Board of Directors of the Qiddiya Investment Company (QIC) announced on Monday the launch of...Business Geostrategy Tourism Sports
Saudi women drive for extra cash as costs climb
Sweeping social reforms, including lifting the infamous ban on women driving, have transformed life for many Saudis, but rising costs...According to the official data, women made up more than a third of the workforce in 2021
Over 200,000 women in Saudi Arabia have been issued driving licenses since 2018
Egypt nixes reports that Suez Canal traffic is falling
The key trading link is setting new records, said the government, quoting the Suez Canal Authority.About 10 percent of global trade, including 7 percent of the world’s oil, flows through the Suez Canal
First opened in 1869, the canal is a source of national pride and foreign currency to Egypt
QFD unveils Morocco housing
The residential complex is located in Bir Al-Souk in Morocco.The residential complex is expected to have 12 buildings consisting of three floors and a basement
Each floor contains four apartments, with each apartment having an area of 72 square meters
Saudi Arabia to grant licenses to renewable energy facilities
Saudi Arabia will grant industrial licenses to facilities operating in the renewable energy sector and power plants in order to...The Ministry of Industry and Mineral Resources and the Ministry of Energy have partnered with the Non-Oil Revenues Development Center to grant the licenses
The Ministry of Industry and Mineral Resources also provides many incentives and benefits to investors in the sector
Qatar may dislodge Russia to be Germany’s energy supplier
In order to lower its dependence on Russian oil and gas, Germany is looking toward Qatar to fulfill its energy...Germany is to close its last nuclear power plants this year and plans to build its first liquefied natural gas terminal within two years
Qatar is one of the countries that recently have been approached by the US to reroute gas supplies to Europe
Social media poses ‘existential threat’ to traditional, trustworthy news: UNESCO
The business model of the news media is ‘broken’ and with it, our fundamental right to information is at risk,...The UNESCO analysed media development trends from 2016 to 2021 and found that global newspaper advertising revenue has fallen by half during the five year period
The report indicates that news outlets often struggle to get clicks from readers that determine advertising revenue, and many find themselves “squeezed out”
Abu Dhabi launches ‘Abu Dhabi Express’ bus service
The Abu Dhabi Express is a direct, non-stop bus service, making its routes the quickest means of transport, enabling passengers...The Abu Dhabi Express is a direct, non-stop bus service, making its routes the quickest means of transport, enabling passengers to get to their destinations
The Abu Dhabi Express services will all use the main bus station in Abu Dhabi city as an arrival point
UAE and New Zealand to collaborate in food security
The UAE and New Zealand have signed an agreement to enhance collaboration in food security, a step aligning with the...Mariam bint Mohammed Almheiri, UAE Minister of Climate Change and Environment, and Damien O’Connor, New Zealand’s Minister of Trade, signed the MoA
Officials from the two ministries will meet regularly to develop a plan for joint activities and programs aimed at advancing the MoA’s areas of cooperation
Gas Arabian Services profit dips 18%
The net profit of Gas Arabian Services Co. has decline to $16 million.The firm’s net profit fell to SR60 million ($16 million), compared to SR73 million a year earlier, according to a bourse filing
Despite the lower profit, the Dammam-based company seeks to pay SR2 per share as dividends
Lebanon bans top officials of five banks from travel
A prosecutor in Lebanon has issued travel bans against the heads of the boards of five Lebanese banks as a...Ghada Aoun, the judge, issued the bans against Salim Sfeir of Bank of Beirut, Samir Hanna of Bank Audi, A Sehnaoui of SGBL, Saad Azhari of Blom Bank, and Raya Hassan of Bankmed
She has not charged any of them with a crime
