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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Seera sees 43% slide in loss

Seera Group Holding witnessed growth in figures across most of its portfolio.
By TRENDS Desk
August 24, 2022 3:13 pm
  • The travel agency's gross booking value climbed up 105 percent on the year to $1.09 billion, and revenue was up 125 percent to $282 million
  • Almosafer, its travel business, bounced back with increased demand in the second quarter along with a gross booking value of $453 million

Seera Group Holding, Saudi tourism and travel group, said its net loss declined by 43 percent to $35 million in the first half of 2022 due to a rebound in travel demand.

The travel agency’s gross booking value climbed up 105 percent on the year to $1.09 billion, and revenue was up 125 percent to $282 million.

Almosafer, its travel business, bounced back with increased demand in the second quarter along with a gross booking value of $453 million.

The group witnessed growth in figures across most of its portfolio, including but not limited to car rental unit Lumi, Hajj and Umrah, hospitality, and ventures.

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