Air cargo demand rebounds in 2023 amid economic uncertainty
Geneva, Switzerland-- Air cargo demand rebounded in 2023 with a particularly strong fourth quarter performance despite economic uncertainties, according to...Business
Middle Eastern carriers record 1.6% increase in air cargo demand: IATA
Geneva, Switzerland -- Middle Eastern carriers reported a 1.6 percent increase for global and international demand in 2023 compared to 2022...Business
First edition of leading global event on defense to kick off in Saudi
The World Defense Exhibition (WDE) declared that its first edition will be held in Riyadh, Saudi Arabia, from March 6-9,...More than 450 companies from around 37 countries will participate in showcasing the latest defense and security industry technologies.
A day before the start of the show the International Institute for Strategic Studies (IISS) will organize the “Riyadh Defense Forum”.
Al Seer Marine invests in AD Ports
With an investment of $326m, Al Seer now owns 7.36 percent of AD Ports.Founded in 2003 and with AED1 billion in paid-in capital, Al Seer Marine has over 1,200 employees.
As of December 2021, the company’s assets amounted to AED6.1 billion, compared to AED717.81 million at the start of the year.
Cooper Fitch forecasts strong GCC hiring activity to continue in 2022
The Gulf Cooperation Council region witnessed a 40 percent rise in job creation in the last quarter of 2021 compared...Job creation across the region was driven primarily by a significant recovery in the UAE and Saudi Arabia.
Real estate, public, software development, cyber security, sales and marketing sectors witnessed a significant increase in hiring.
Contracts worth $2.3 bn awarded across Aldar development projects
Aldar Properties (Aldar) said on Tuesday that contracts worth more than AED8.5 billion ($2.3 billion) were awarded across its development...A total of 16 contracts were awarded in infrastructure, residential, commercial, and mixed-use projects in Abu Dhabi.
The contracts were awarded to 14 They UAE-based contractors, which contributed to the growth of economy, Aldar said.
Bahrain to offer permanent residency visa to attract talent
Bahrain has launched ‘Golden Residency Visa’ for residents and non-residents with immediate processing of the applications electronically upon meeting the...The move is a part of the Kingdom’s strategy to attract foreign investments where the visa holders will enjoy benefits
Bahrain’s ‘Golden Residency Visa’ will be available for qualifying residents, allowing them to take advantage of the benefits
Volume growth helps AD Ports Group post $230m net profit in 2021
The company posted a net profit of $230m in 2021, from $108m in 2020.As of 31st December 2021, the total assets of the Group stood at AED28.5 billion.
In January 2022, the Group received ownership stakes from ADQ in two listed companies--Aramex and National Marine Dredging Company.
BP profits $7.6bn in 2021
The company aims to cut emissions by 50 percent by 2030.BP posted a net profit of $7.6 billion (€6.7 billion) last year
This followed a loss after tax of $20.3 billion in 2020
SoftBank Arm sale scrapped
The company plans public offering of Arm by March 2023.The announcement came as the telecoms firm-turned-investment giant reported a net profit of 29.0 billion yen ($251 million) in the third quarter
And there have been challenges elsewhere for SoftBank, including losses on Chinese ride-hailing giant Didi Chuxing
The proverb-ial road to success
After all, what is considered traditional wisdom — and therefore infallible — has at times been known to run counter...Owners of today’s large enterprises are advised to resist the temptation to personally manage the daily affairs of businesses
Instead, they should hire the most talented professionals and delegate to them the authorities needed for that purpose
Lockheed Martin nets NASA deal
The company will make a rocket to bring back rocks from Mars.According to the US space agency's statement, Lockheed Martin has won a NASA contract to build the rocket which will bring the first Mars rock samples to Earth in the 2030s
NASA will launch a plan in 2026 to send the mini-rocket to Mars, carrying another rover responsible for collecting the rock samples
