TECOM Group net profit up 49%
The company recorded its highest-ever revenue of AED 2.2 billion.Company News Business
SACC picks board heads
It has also formed several panels that will function for three years.The SACC has said Mohammed Abdulaziz Al Sarhan, an independent member, has been appointed chairman of the Board of Directors
It also announced the appointment of Raed Ibraheem Al Mudaiheem, another independent member, as the Vice-Chairman of the board
Dubai sees weeklong real estate transactions worth $1.33bn
This was the result of a total of 1,724 transactions, according to figures released by the Dubai Land Department.A total of 139 plots were sold for AED784.14 million ($213.52 million) in Dubai
In addition, 1,172 apartments and villas were sold for AED2.73 billion ($743.36 million)
Fun sector: Leisure puts UAE economy at ease
Estimations by the Middle East and North Africa Attraction and Leisure Council (MENALAC) put the number of leisure centers in...The leisure and entertainment sector in the UAE is considered to be one of the most dynamic markets in MENA
Around 400 leisure centers operate in the UAE, employing more than15,000 workers
Jordan’s trade with US touches $1.384bn in 2021
Jordan was the first Arab country to sign a free trade agreement (FTA) with the United States in 2000.The President of the American Chamber of Commerce in Jordan (AmCham) Mohammad Batayneh said in a statement
He added that Jordan's exports during the first 11 months of 2021 nearly reached $2.5 billion, compared to $1,120 billion in imports
DEWA to sponsor Dubai Award for Sustainable Transport
Dubai Electricity and Water Authority (DEWA) will be the strategic sponsor of the 12th Dubai Award for Sustainable Transport. The...Saeed Mohammed Al Tayer, MD & CEO of DEWA highlighted DEWA’s support for all efforts to enhance sustainable transport in the UAE and abroad
This consolidates Dubai’s position as a global capital for a green economy and achieves sustainable development to ensure a brighter future
Disney takes on OTT platforms with MENA expansion
Netflix currently rules the roost in the Middle East. Therefore, the Disney+ expansion should be a clarion call for regional...The Disney launch covers almost all of the Middle East and good chunks North Africa
In all, Disney+ is expanding to 42 countries and 11 territories in the EMEA region
Applebees, IHOP in UAE soon
The first location is scheduled to open in Dubai later this year.Dine Brands International is set to open multiple Applebee's Neighborhood Grill + Bar and IHOP restaurants in the UAE
The first location will open in Dubai later this year through an agreement with established IHOP Franchisee
Saudi Arabia looks to increase trade exchange with Iraq
The Saudi Export Development Authority organized a meeting of a group of Iraqi and Saudi businessmen to discuss opportunities for...The volume of exports of foodstuffs and construction constitutes about 60% of the total volume of the Saudi exports to Iraq
Saudi Arabia imports aluminum scrap as well as iron scrap and some foodstuffs such as dates and rice from Iraq
Morocco: Overall port traffic up 11.6% in 2021
Moroccan ports have recorded a significant evolution of overall port traffic, which has risen from 172.1 million tons in 2020...The maritime and port sectors have overall shown great resilience to the Covid-19 pandemic
The transshipment accounted for 41.9 percent of overall traffic, followed by imports of 33.3 percent
Vaccine patents accord possible in weeks, says WTO
Developing countries lagging in vaccinating their populations have been pushing for waivers on the patents on Covid-19 vaccines.The vaccine accord will pe possible after the EU-African Union summit on February 17-18 in Brussels
Access to vaccine can be improved by lifting as far as possible restrictions to their distribution, says French minister
