Dubai records weeklong real estate transactions worth $3.13 billion
Dubai, UAE -- Dubai recorded real estate transactions valued at AED 11.5 billion ($3.13 billion) during the week ending 2...Business
GCC banks to maintain resilience in 2024, says S&P Global
Abu Dhabi, UAE--Despite geopolitical uncertainties and potential economic headwinds, S&P Global expects GCC banks to maintain their well-capitalised, profitable, and...Business
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
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
