Higher prices boost Coca-Cola sales despite Middle East hit
Chief Executive James Quincey described consumers in North America as "holding up well," although he acknowledged "a little softening" through...Business
WHO picks Egypt and Tunisia to produce Covid vaccine in Africa
Six African countries have been chosen to establish their own mRNA vaccine production, the World Health Organization said Friday, with...Egypt, Kenya, Nigeria, Senegal, South Africa and Tunisia were selected as the first recipients of technology from the WHO's global mRNA vaccine hub
The WHO set up a global mRNA technology transfer hub in South Africa last year to support manufacturers in low- and middle-income countries to produce their own vaccines
BHM posts 125 percent rise in profit
The company nearly doubled its brokerage revenues in 2021.The company attracted 1,500 new accounts over the past year compared to 1,060 in 2020.
BHM said it allocated a total income during 2021 of AED 65.4 million compared to about AED 41 million last year with a growth rate of 60 percent.
Saudi Parts Center to list on Nomu
Saudi Parts Center Co. will begin trading on Nomu, the Saudi stock exchange's parallel market, on Monday, according to a...The Riyadh-based company received the Saudi stock market regulator’s approval for listing last year, in late December
Established in 1988, Saudi Parts Center is an affiliate of AlKhorayef Group, operating under the machinery systems division
Why crypto creators hate being in the public eye
The two lifelong friends from Florida never sought the limelight, but then they built a multi-million-dollar empire selling digital art...Under the pseudonyms "Gargamel" and "Gordon Goner", they created the "Bored Ape Yacht Club", a collection of 10,000 cartoons of apes with various hairstyles and outfits
The story has refocused attention on anonymity in the world of cryptocurrencies
UAE Cabinet okays trading cooperative shares on financial markets
The move is said to be conducive to strengthening the regulatory environment of the cooperatives sector and driving their economic...The development is apparently the first of its kind in the region
It is aimed at growing the cooperative sector’s contributions to the economy
Abu Dhabi saw real-estate transactions worth $19.47bn in 2021
The entire amount resulted from a total of a combined 14,958 sales and mortgage transactions.Yas Island is said to have topped the list of best performing areas, with real-estate deals worth AED4.1 billion ($1.12 billion)
Reem Islands comes second with AED3.2 billion ($871.34 million), and Saadiyat was third with AED2.5 billion ($680.74 million)
Global trade hit record $28.5trn in 2021: UNCTAD
The UNCTAD’s Global Trade Update said all major trading economies saw imports and exports rise above pre-pandemic levels in the...The global trade volume in the year gone by was an increase of 25 percent on 2020
It was also 13 percent higher compared to 2019, before the Covid-19 pandemic struck
World fuels its own destruction with $1.8trn subsidies: Study
Governments across the world pay an estimated $640 billion in support to the fossil fuel industry.Agriculture gets $520 billion in subsidies, which lead to soil erosion, water pollution, deforestation, emissions, and loss of biodiversity
Another $350 billion in subsidies for the water industry is said to help fund water pollution and risk ocean and waterway ecosystems
Plastic surgery enhances face of UAE medical tourism
The industry, stabilized significantly with experienced surgeons and the availability of good facilities, woo a sizable number of foreign clients...The prices in well-equipped clinics and hospitals in the UAE are at the same level as in other countries, said Dr Timm Wolter, a plastic surgeon at the Nova Clinic, Dubai.
Body contouring, liposuction, and fat transfer have been trending for some time now in the emirates.
Saudi Ceramics posts $62m profit
Saudi Ceramics has posted a threefold jump in net profit to $62 million on the back of better profit margins.The Riyadh-based firm made SR233 million ($62 million) in profit, compared to SR77.7 million ($20.7 million) last year
The strong results were fueled by improved profit margins due to increased prices and lower cost of goods sold
