UAE creates ‘Parkin’ to oversee parking space operations in Dubai
Dubai, UAE - The UAE has issued a law establishing ‘Parkin’, a public joint stock company (PJSC) that will oversee...Business
No fear of inflation becoming a ‘runaway train,’ says IMF chief
Global finance officials are worried about rising inflation pressures but there it is little fear that it will become a...However, in advanced economies “policymakers have the tools” to deal with inflation
With supply chain bottlenecks growing in the face of surging demand, policymakers have focused attention on rising prices
Response Plus Holding of UAE posts net profit of $10.9m
Response Plus Holding, the UAE healthcare investment and management firm, has posted a net profit of $10.9 million during the...Its revenue for the nine-month period climbed to 197.7 million dirhams from 2.1 million dirhams last year
As a result of revenue growth and improved margins, gross profit reached 60.1 million dirhams
Facebook ‘metaverse’ to become reality soon
The technology might, for example, allow someone to don virtual reality glasses that make it feel as if they're face-to-face...The technology might, for example, allow someone to don virtual reality glasses that make it feel as if they're face-to-face with a friend
Metaverse enthusiasts point out that the internet is already starting to blur the lines between virtual experiences and "real" ones
Oman and Lebanon explore new trade avenues
Businessmen and stakeholders from Oman and Lebanon have discussed investment and trade exchange.The discussions took place during the Omani-Lebanese Business Forum organized by the Oman Chamber of Commerce and Industry
The forum was organized on the sidelines of an official visit by a Lebanese business delegation to Oman
Saudi Arabia tops region’s maritime connectivity progress
Saudi Arabia has scored 70.68 on the Maritime Connectivity Index.The global index measures the level of interdependence of the world's ports with shipping line networks quarterly
It aims to help countries identify challenges and find opportunities to develop and improve their performance in the field of logistics services
Newcastle fans celebrate new era for the club under Saudi ownership
Hundreds of supporters sported traditional Saudi headdress and flew flags of the Gulf kingdom ahead of the Magpies' first match...Newcastle fans celebrated the departure of unpopular former owner Mike Ashley
The fans are already dreaming big as they aim to follow in the footsteps of Manchester City
Jordan, Saudi Arabia investors launch Fly Aqaba
The new airline, Fly Aqaba, was set up with $20 million in private sector investment, said Nayef Bakhit, president of...Flights will connect Aqaba to Amman as well as European and other Arab cities "at competitive prices"
The Covid-19 pandemic has badly dented Jordan's tourism industry, which represented 14 percent of its GDP
Robotics set to alter job markets in Gulf region
There will be ample job opportunities in artificial intelligence, robotics, automation, advanced manufacturing, virtual reality, augmented reality and big data...There will be ample job opportunities in artificial intelligence, robotics, automation, advanced manufacturing, virtual reality, augmented reality, and big data
Administrative and secretarial jobs, data entry, accounting, accounting records management and payroll services will become extinct, says a World Economic Forum report
Qatar Islamic Bank net profit jumps 14 percent to $692m
Qatar Islamic Bank has said that its net profit for the first nine months of 2021 has jumped 14 percent...The Islamic lender made impairment provisions of 1.19 billion riyals for the period ended 30 September 2021
Total income for the period was 6.12 billion riyals compared with 5.96 billion riyals for the same period in 2020
ACC of Saudi Arabia expects a rebound in business
Arabian Centres Company (ACC), the Saudi mall operator, is expecting an improvement in the business in the wake of the...“ACC will continue to operate in accordance with the updated government guidelines"
The company has 21 commercial centers and complexes in its portfolio
