Business - TRENDS MENA

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
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 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
G42 Cloud, a subsidiary of G42, the UAE-based AI and cloud computing company, and Serbia signed a Memorandum of Understanding...
The new agreement will see both parties progress the joint development of Artificial Intelligence (AI) and cloud computing solutions across sectors
The signing ceremony took place at Expo 2020 Dubai at the Investment Conference held in conjunction with the Statehood Day of Serbia
Owners of the Starbucks franchise value the business at $15 bn.
Abu Dhabi’s ADQ and Mubadala Investment Co. also submitted separate non-binding offers to buy 30 percent stake.
Brookfield Asset Management Inc., CVC Capital Partners also have shown interest in buying the shares of Starbucks.
Dubai has imported eight million tons of food during 2021 and re-exported 6.277 million shipments through all its ports, a...
Dubai issued 78,812 food export health certificates, while the quantity of food exported last year amounted to 3.272 tons to 157 countries
The municipality said all types of food are registered electronically through a global system, a unique systems in controlling imported and locally produced foods in the emirate
Air travel recovery was gaining momentum as countries were lifting restrictions, with a sharp 11-percentage-point increase for international tickets sold...
There was an 11-percentage-point increase for international tickets sold in recent weeks.
The 11-percentage point improvement between the January and February periods is the fastest such increase for any two-week period since the crisis began.
The $1.94 bn agreements have been awarded to four companies.
The wireline logging and perforation services are the largest of such awards in the oil and gas industry.
The framework agreement awards cover ADNOC’s onshore and offshore fields and will run for five years with an option for a further two years.
The UAE’s food and beverage imports from Latin America reached $1.9 billion in 2020 as the Gulf country expanded its...
Dubai Chamber of Commerce revealed UAE expanded its efforts to enhance food security.
The Chamber's analysis estimates the untapped potential of Latin American food and beverage exports to the UAE at $800 million.
Moody's has termed the share transfer of Saudi Arabia’s Aramco to the Public Investment Fund as credit positive as it...
The transaction, which saw Aramco transferring a 4 percent stake to PIF, will also improve the fund’s sector diversification, and will add an asset that regularly pays dividends
PIF’s assets will increase by SR296.4 billion ($79 billion) following the transfer, or 20 percent higher than in 2020