Saudi, UAE report highest levels of gross debt
Among the Arab countries, Egypt recorded the highest debt-to-GDP ratio of 92.7 percent while US and China are on an...Business Economy Infographic
False tweet from US regulator briefly sends bitcoin soaring
The jump in the price of bitcoin to almost $48,000 came immediately after the SEC published a message on its...Business
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
Jordan discusses investments with the UAE
The discussions took place during a meeting on Friday, November 12, in Dubai between Jordan’s Prime Minister Bisher Khasawneh and...The Jordanian prime minister affirmed that his country welcomes more Emirati investments in many vital sectors
Meanwhile, the UAE said it would look forward to promote bilateral ties with Jordan
Saudi Arabian Airlines the least complained about carrier in kingdom
Saudi Arabian Airlines has been the least complained about airline in the kingdom during October 21, followed by Flyadeal. For...The kingdom's General Authority of Civil Aviation has classified airlines based on complaints submitted to it by passengers.
King Khalid International Airport in Riyadh the least complained about airport in above 6-million-passenger category.
Saudi stock market larger than kingdom’s economy: CMA head
The Saudi stock market is now larger than the Kingdom's entire economy — even without taking Aramco into consideration, the...With Aramco added, Tadawul's size is four times that of the economy
He argued the great momentum of a large number of companies for direct listing is because the Kingdom was the first to apply the direct listing mechanism in the GCC region
Porters carry Istanbul’s trade traditions on their backs
The zenith of Istanbul's porter tradition to the early 1800s, when Sultan Mahmud II ruled what was still known as...The porters usually work in squads, under the leadership of a captain who is responsible for coordinating jobs with merchants and distributing pay at the end of shifts.
More than a hundred merchants in the building rely porters as ordinary carts on wheels are of little use in old dwellings without elevators and only narrow hallways.
Emirates to display four-class A380 at Dubai Airshow
Emirates will put on a display at Dubai Airshow 2021 four-class configured A380 with premium economy class cabin, refreshed interiors...Emirates' latest generation Airbus A380 will be decorated with the unique 'United Arab Emirates 50' livery
This year, all eyes will be on Dubai as the industry bounces back with global aviation and aerospace players reconvening in person to forge new partnerships
Kuwait Airways signs spare parts pact with seven Arab airlines
Kuwait Airways has signed a loan and exchange agreement with seven Arab airlines that will be used to swap spare...Under the agreement, spare parts will be shared in emergency cases.
The agreement was signed on the sidelines of the 54th General Assembly of the Arab Air Transport Association in Doha.
