Qatar’s industrial sector PPI down in Nov on lower oil prices
Doha, Qatar -- Qatar's Producer Price Index (PPI) of the industrial sector in the country for November was 118.65 points,...Business Economy
UAE to press firms with 20-49 staff to hire at least one Emirati in 2024
Dubai, UAE--The UAE's Ministry of Human Resources and Emiratisation (MoHRE) has started implementing the cabinet decision to expand the scope...Business
Israeli weapons-maker Elbit Systems launches UAE venture
Israeli weapons-maker Elbit Systems launched a new venture in the United Arab Emirates on Sunday, an announcement that comes ahead...Elbit Systems is the manufacturer of the Hermes armed drone and cutting-edge surveillance technology.
Israeli air force commander Amikam Norkin was in the UAE over the weekend to attend the Dubai Airshow
Qatar Islamic Bank named world’s second strongest Islamic bank
The Qatar Islamic Bank (QIB) has been ranked as the "Fourth Strongest Bank in the Middle East" and "Second Strongest...Financial services company The Asian Banker also ranks QIB as the "Fourth Strongest Bank in the Middle East".
QIB has recently posted a net profit of QR2.5 billion ($686 million) for the first nine months of 2021.
UAE rich reset life goals after Corona but find confidence shaky: Survey
About 88 percent of the affluent people in the UAE have reset their life goals following the Corona pandemic, and...The 'confidence gap' is more pronounced among the emerging affluent, according to Standard Chartered survey.
Volatility in financial markets and fear of poor returns on investments are the major causes of low confidence.
Airbus takes off with big order of 255 aircraft on first day of Dubai Airshow
Airbus came out strongly at the Dubai Airshow on Sunday with a group order for 255 single-aisle A321 aircraft, marking...The total cost of the order was not disclosed, but list rates are rarely applied to large deliveries.
Hungarian low-cost carrier Wizz Air will receive 102 aircraft, American Frontier Airlines will receive 91, while 39 will go to Mexico's Volaris and 23 to Chilean JetSMART.
DONIA: UAE Central Bank’s new transactions index to start from 7 Dec
The Central Bank of the UAE (CBUAE) will publish a new index for actual overnight funding transactions denominated in UAE...Dirham Overnight Index Average (DONIA) is computed as a volume-weighted money market rate for all actual overnight funding transactions of AED10 million or above.
It would be published on UAE official working days by 09:30 hours local time on the CBUAE’s website and via Bloomberg and Refinitiv Eikon.
AD Ports 9M revenue up by 22 percent
The rise is attributed to volume growth, business diversification.EBITDA rose 7 percent year-on-year to AED1.161 billion during this period, up from AED 1.081 billion during the same period in 2020.
General cargo volumes rose to 37 million metric tonnes in year-to-date September 2021, up from 22 million metric tons in the same period in 2020.
Tadawul bars Anaam Holding from trading for one day
Tadawul, the Saudi Exchange, has barred Anaam International Holding Group from trading for one day, after an adverse comment in...Anaam will be able to resume trading for 20 trading sessions with the possibility of another suspension
The poultry processing company reported that its net losses widened by 525 percent in the nine months period of 2021
Yahsat of Abu Dhabi figures in MSCI’s global indices
Al Yah Satellite Communications Company (Yahsat) of Abu Dhabi has been included in MSCI’s global indices.Yahsat’s inclusion will be effective on December 1, 2021
The company began trading on the Abu Dhabi Securities Exchange (ADX) in July following its initial public offering (IPO)
Cham Wings halts Minsk flights
The airline cited the Belarus-Poland border crisis as a reason.Syrian airline stopped flying to Minsk due to the increasing tension of migrants moving to Poland
This, even as hundreds of migrants mostly from the Middle East remained trapped on the Belarus-Poland border
Gulf Air boosts frequencies
Passenger numbers have grown ahead of the holiday season.Bahrain’s national carrier Gulf Air has boosted frequencies to popular destinations
This is said to be in line with increasing demand for air travel and relaxed travel restrictions in many countries
