Johannesburg, South Africa -- Botswana and southern African peers that built much of their prosperity on diamonds are scrambling for...
Gains for oil prices were relatively modest, while gas futures were unmoved after Israel's strikes Tuesday against Hamas in gas-rich...
ABU DHABI, UAE – Khalifa Economic Zones Abu Dhabi (KEZAD Group) and Al Ghurair Group subsidiary Automotive Precision Technology (APT)...The 30,000 square meters advanced manufacturing facility for APT in KEZAD will be located adjacent to Emirates Global Aluminum.
The facility will be one of the largest manufacturers of aluminum in the world and will be operational by early 2025.
DUBAI, UAE – The airport here has "every chance" of breaking its record for passenger traffic this year after surpassing pre-pandemic...Dubai International, the world's busiest airport for international passengers for nearly a decade, hit 87 million visits in 2023.
Dubai Airports' official forecast for 2024 stands at 88.8 million passengers, despite the Israel- Hamas war which began in October.
SHARJAH, UAE - The Financial, Economic and Industrial Affairs Committee of Sharjah Consultative Council (SCC) held a meeting to discuss...The committee addressed the outcomes of its recent visit to Sharjah Commerce and Tourism Development Authority.
The committee was briefed about the authority’s efforts to stimulate tourism by conducting events throughout the year.
- Its next-generation console will be delayed until 2025.
A news report said the next console would miss the key Christmas holiday shopping period in December
The gadget is fading with the console now in its seventh year, but the company is tight-lipped about its plans
Doha, Qatar--The volume of real estate trading in sale contracts registered with the Real Estate Registration Department at the Ministry...According to a bulletin issued by the Ministry of Justice, some 362 real estate transactions were recorded during the month
The value of Doha municipality's transactions came out at $324 million, as per the real estate market index for January 2024
- Its gross profit jumped 3.1% to US$137.25m in 2023.
According to a company's statement. Its gross profit shot up 3.1 percent to $137.25 million.
Its chairman said the performance of their trading and distribution segment was noteworthy
Driven by government initiatives, economic diversification and a tech-savvy population, the region is becoming a prominent center for cryptocurrency investment,...Driven by government initiatives, economic diversification and a tech-savvy population, the region is becoming a prominent center for cryptocurrency investment, says an expert.
Hao Yang of Bybit highlights the sector's regulated nature, its accessibility beyond tech-savvy individuals, and the importance of education and due diligence behind its growth.
- ABU DHABI, UAE - Saudi Arabia’s holdings of US Treasuries reached US$131.9 billion in December 2023, up $3.8 billion month-on-month,...
The Kingdom maintained 16th place among the largest holders of US treasury securities for December.
Saudi Arabia’s holdings of US Treasuries were distributed among long-term and short-term bonds.
The rise was due to the hospitals and pharmacy segments.The increase in net profit came as revenues edged up 14.41 percent year-on-year (YoY) to US$2.5 billion (SAR 9.5 billion).
Earnings before interest, taxes, depreciation and amortization (EBITDA) rose 18.49 percent YoY to US$666 million (SAR 2.5 billion).
- With this deal, the value of the firm has tripled in 10 months.
The deal would have the San Francisco-based firm selling existing shares to investors led by Thrive Capital
The tech firm led a revolution in artificial intelligence when it placed its ChatGPT program online in late 2022
