Card transactions drive 8 percent Saudi spending growth in Nov
Riyadh, Saudi Arabia --Consumer spending in Saudi Arabia grew by 8 percent to SAR 111.5 billion ($29.73 billion) in November...Business
ADIB-Egypt introduces Shariah-compliant private banking services for HNWIs
Cairo, Egypt – ADIB-Egypt has launched its exclusive portfolio of Private Banking Services, providing a Shariah-compliant banking proposition for its high-net-worth...Business
UAE to list Salik toll system on Dubai Financial Market
The Dubai Securities and Exchange Higher Committee has decided to list Salik on Dubai Financial Market (DFM) in order to...The Salik toll system is one of Dubai’s premier infrastructure assets, with robust traffic volumes
The eight Salik toll gates, Al Barsha, Al Garhoud, Al Maktoum, Al Mamzar South, Al Mamzar North, Al Safa, Airport Tunnel and Jebel Ali, aim to reduce traffic congestion
Trade between Jordan and UAE grows to $891m in 2021
Trade between Jordan and the United Arab Emirates has grown to $891 million during the course of last year, and...The details of the growing economic ties between the two countries were shared by the prime minister of Jordan Bisher Khasawneh
He said the UAE has poured almost $17 billion into the Kingdom investments as it considered as one of the key partner in this regard
Top energy honchos to meet at Abu Dhabi CEO Roundtable
More than 30 top energy executives from around the world will come together at the 7th Abu Dhabi CEO Roundtable,...The industry leaders have been invited to the roundtable by Dr. Sultan Ahmed Al Jaber, United Arab Emirates (UAE) Minister of Industry and Advanced Technology
The participants will debate issues impacting the energy world and the outcome of the UN Climate Change Conference of the Parties (COP26)
Airbus recovers, Boeing reels
Boeing has endured a series of crises as Airbus recovers.Aviation sector is recovering from Covid-induced slump
Airbus will display the A321neo, its latest single-aisle plane, in Dubai
Emaar Properties and Emaar Malls to merge this month
Nearly eight months after the process was undertaken by the two companies, the merger of Emaar Properties with Emaar Malls...The two companies conveyed the decision to Dubai Financial Market on Thursday, after the companies received no objections and met all the conditions for the merger
This will be the second biggest such merger happening on DFM in the last 12 months
European Tour to become the DP World Tour from 2022
The agreement heralds a new era in the history of the European Tour group, which, along with DP World, will...The agreement heralds a new era in the history of the European Tour group, which, along with DP World, will celebrate its 50th anniversary in 2022
In 2022, the DP World Tour will represent a global tour through an international schedule, that will feature a minimum of 47 tournaments in 27 different countries
Elon Musk sells $6.9bn in Tesla shares after Twitter poll
Musk's selloff came days after he created a Twitter poll in which millions voted asking whether he should sell 10...Musk's selloff came days after he created a Twitter poll in which millions voted asking whether he should sell 10 percent of his huge stake in the electric carmaker.
Tesla shares had plummeted at the Wall Street opening on Monday and have fallen further since
STR: Expo lifted Dubai hotel rates to 3-year high in October
Hotel occupancy rates in October stood at nearly 81.6 percent, with the average daily rate (ADR) at AED776.Hotel occupancy rates in October stood at nearly 81.6 percent, with the average daily rate (ADR) at AED776
The tourist rush has been boosted by the Dubai Expo 2020 which is expected to attract 25 million business and tourist visits to the world fair
Alba seeks solar project bids
The solar farm should have a capacity of more than 5 MW.The last date for tender purchase is November 30
The deadline for technical bid submission is January 31 next year
GE, J&J, Toshiba to split in trend to boost value
The break ups "represent a trend line that has been out there for 20 years ," said Michael Useem, professor...The break ups "represent a trend line that has been out there for 20 years ," said Michael Useem, professor at the University of Pennsylvania's Wharton School
GE, like Japan's Toshiba, announced it was splitting into three companies, involved in aviation, health and energy
