Saudi Arabia’s air defense commander examines Russia’s S-350, S-400 systems
RIYADH, SAUDI ARABIA – The Commander of the Royal Saudi Air Defense Force Lieutenant-General Mazyad bin Suleiman Al-Amr has inspected...Business Geostrategy
Maqta acquires stake in Dubai Technologies
The majority stake was acquired for $7.6 million.Company News Business
Jordan bank plans acquisition
Central Bank will acquire the Societe Generale Bank Jordan.The acquisition is said to be part of a drive to expand the Central Bank's foothold regionally and domestically
Its chairman Bassem Al Salem said the bank would also issue $100 million in perpetual bonds to help drive growth
Spider-Man first $1bn post-pandemic movie
No Way Home has grossed $467.3 million in North America and $587 million internationally since its release earlier this month.Spider-Man has become the first billion-dollar-grossing film of the pandemic era
The movie took an estimated $81.5 million in North America over the Christmas weekend
Evergrande vows to deliver homes
The Chinese real-estate firm has $300 billion in liabilities.In recent months, Evergrande has repeatedly said it will finish its unfinished projects and deliver them to buyers
This, despite the company having missed a payment of more than $1.2 billion earlier this month
Ecommerce changes GCC buyers, sellers forever
As ecommerce expands, companies are becoming more aware of the region's shifting consumer behavior and needs, say experts.Retailers in the region are becoming more aware of the necessity to create ‘brand.com’ sites
AR and AI will become more commonly used to improve the consumer experience
KPMG Lower Gulf revenues up, workforce rises by 21 percent
KPMG International announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September 2021....KPMG International announced annual aggregated revenues for KPMG firms globally of $32.13 billion for the fiscal year ending 30 September 2021.
Advisory grew 17 percent, Audit 4 percent and Tax & Legal Services at 8 percent, the firm said.
Saudi Arabia Pavilion at Dubai Expo2020 records 2 million visitors
Fireworks and laser lights were launched to announce the new record as pavilion’s employees and public gathered in the ‘opportunities’...This is a new record as nearly 30 percent of the total number of visitors to Expo visited the Saudi Pavilion since its official opening.
The Kingdom's pavilion at Expo 2020 Dubai succeeded in increasing its visitors through its various economic events and cultural activities.
Dubai launches one-stop-shop online portal for timeshare operators
Dubai’s Department of Economy and Tourism (DET) has launched an online portal that provides a ‘One-Stop-Shop’ for timeshare operators to...The Timeshare Portal supports the legal framework created by Dubai’s new Timeshare Law.
It allows allows potential operators to register and submit their applications for timeshare properties and obtain a permit as a licensed timeshare operator.
Bahrain closes two eateries over violation of Covid-19 protocols
Inspectors also visited a total of 193 restaurants and cafes and took required measures against 17 outlets.The Ministry of Health announced that it had taken the required measures prior to referring both food outlets to legal authorities
This came during an inspection campaign conducted in cooperation with the Ministry of Interior and the Ministry of Industry
Omicron hits Christmas weekend travel: Over 6,000 flights scrapped
More than 6,000 flights have been canceled worldwide over the long Christmas weekend and thousands more were delayed, a tracking...Pilots, flight attendants, and other employees have been calling in sick or having to quarantine after exposure to Covid-19
A scramble to reroute pilots and planes and reassign employees was underway, but Omicron's surge has upended business
UAE, Morocco discuss cooperation in investment and economy
The two sides talked about Expo 2020 Dubai and the importance of the Arab countries' participation therein.The discussion took place in a meeting between UAE Deputy Prime Minister Sheikh Mansour bin Zayed Al Nahyan and Morocco Prime Minister Aziz Akhannouch
They are also said to have reviewed the latest developments in the Arab region and exchanged views over a number of regional and international issues of common interest
