Dar Alarkan 2024 profit up 32%
The company's net profit increased by 81.5 percent in Q4 2024.
Business
Nvidia showcases AI chips as it shrugs off DeepSeek
San Francisco, United States - Nvidia chief Jensen Huang is expected to showcase cutting-edge chips for artificial intelligence (AI) and...
Business
Business
Arabian Travel Market unveils Monday in Dubai
DUBAI, UAE - The 30th edition of Arabian Travel Market (ATM) will open Monday at Dubai World Trade Center (DWTC),...
- The event, on May 1-4, will see global travel, tourism, and hospitality experts discuss how their industry is ‘Working Towards Net Zero’.
- Exhibitor participation in the event has risen by 27 percent compared to last year’s event, with growth registered across all show sectors.
Business
DEWA keen to enhance happiness in work environment, says CEO
DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) affirmed its commitment to achieve the 'We the UAE 2031' vision...
- "We harness all capabilities, technologies and digital solutions to strengthen the skills of our employees," DEWA CEO said.
- "We consider employees the main pillar for strengthening DEWA’s position as one of the most prominent utilities in the world," he said.
Economy
UAE keen to expand ties with Uzbekistan beyond clean energy: Al Mazrouei
Suhail bin Mohammed Mazrouei, Minister of Energy and Infrastructure, said the UAE was keen to widen ties with Uzbekistan in...
- Al Mazrouei maintained that the UAE will continue to help Uzbekistan in achieving economic and investment goals
- President Mirziyoyev of Uzbekistan praised the UAE for supporting the Central Asian nation in its quest for growth and development
Qatar shakes off post-World Cup blues with big spending
Akbar al-Baker, head of Qatar's tourism agency and Qatar Airways, said hotel occupancy in the months after a World Cup...
- Luxury hotels built for the tournament in Qatar have laid off hundreds of staff as rooms costing thousands of dollars a night during the tournament can no longer be filled
- Qatar has made investments in tourism and hosting more major events a focus and it will welcome more than five million visitors this year, says the head of Qatar's tourism agency
Economy
Iran-EU trade posts 9.2% drop to US$847mn in first two months of 2023
Tehran, Iran--Iran and the European Union traded $847 million worth of goods during the first two months of 2023, registering...
- Eurostat data shows Germany was the top trading partner of Iran in the EU region during the period, as the two countries exchanged $279 million worth of goods
- The Islamic Republic exports to the EU jumped to $1.08 billion in 2022 as against $904 million in the same period of last year
Business
Twitter to permit publishers to charge users on a per-article basis
The announcement came as Musk has struggled, amid frequent controversy, to make Twitter profitable. The per-article approach, some Twitter users...
- Musk said the plan would begin next month, but provided no details on exact pricing or what cut Twitter would take
- It raises questions about how exactly he hopes to make the micro-payment approach work when others have failed
Business
Investors set to boost allocations to gold, miners
Rallying of gold prices and growing concern about a potential global banking crisis are seen as key reasons for the...
- Rallying of gold prices and growing concern about a potential global banking crisis are seen as key reasons for the increased allocations, says a latest global report
- Gold and gold mining stocks are likely to make up 6 percent or higher of core holdings, believe 60% investors, adds Tresor Gold, a data-driven gold mining company
Business
DET to highlight Dubai’s tourism in Arabian Travel Market
DUBAI, UAE - Dubai’s Department of Economy and Tourism (DET) is likely to display the diversity of the Emirate's destination,...
- DET is supposed to highlight how the city’s tourism industry is supporting the journey towards achieving the UAE’s Net Zero 2050.
- DET will showcase cuisine from Emirati businesses and local, homegrown brands whilst ensuring that all giveaways are sustainable.
Geostrategy
Jordan’s exports to EU nations in January, February 2023 rose to US$87m
AMMAN, JORDAN - Value of Jordanian exports to European Union countries increased during January-February period of 2023, by 108.5 percent...
- Jordan's imports from the EU nations in January, February 2023 rose to reach US$671 million.
- Trade exchange between Jordan and EU countries in January, February 2023 amounted to about US$758 million.
Business
NMDC achieves 366% growth
The group's revenue doubled, reaching $0.87 billion.
- The group's revenue has also doubled, reaching $0.87 billion in Q1 2023, compared to $0.42 billion in Q1 2022, a growth of 106 percent
- NMDC Group has upcoming projects in Southeast Asia and South Asia, highlighting the confidence of the industry and clients in the Group's competencies
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Dar Alarkan 2024 profit up 32%
The company's net profit increased by 81.5 percent in Q4 2024.
Business
Company News
FAB partners with Engie
Business
Latest News
Russian oil price cap partially successful
Geostrategy
Tawzea, NWC ink pacts
Business
Mubadala invests in Zenobē
Business
Gold extends slide after Fed dampens March rate cut hope
Dubai, UAE - Gold prices extended losses on Wednesday as the US dollar strengthened after comments from a Federal Reserve...
Economy
Mawani reports rise in container handling
The growth aligns with the aims of national logistics strategy.
Business
Most Read
Business
Google to slash ‘few hundred’ jobs
The internet giant will cut jobs from its global ad team.
- The jobs will be cut by the company amid a push to use artificial intelligence for efficiency and creativity
- The company made no mention of generative AI, which is disrupting many sectors including advertising.
Geostrategy
WTO hopes to finalize fishing agreement
GENEVA, SWITZERLAND - The head of the World Trade Organization's fisheries talks voiced optimism on Tuesday about striking an agreement on...
- The 164 WTO members kicked off a month of negotiations this week at the global trade body's headquarters in Geneva.
- The draft text is intended to help members reach agreement on a so-called "clean text" for submission to ministers in Abu Dhabi.
Geostrategy
Shell halts Red Sea shipments over attack fears, say report
WASHINGTON, US - British oil giant Shell has paused transit through the key Red Sea shipping route indefinitely, over fears of...
- The worries of escalation grew after United States and United Kingdom strikes on scores of sites in rebel-held Yemen.
- The Houthis have been targeting what they deemed Israeli-linked vessels, but after the strikes, they declared US and British interests "legitimate targets."