WTO approves services trade rules, overcoming objections
The set of rules will streamline authorization requirements and ease procedural hurdles faced by businesses, according to a press release....
Geostrategy
IHC posts net profit of US$8.97bn
Its revenue jumped to US$16.33 billion, a rise of 17.9 percent.
Business
Business
Qatar may dislodge Russia to be Germany’s energy supplier
In order to lower its dependence on Russian oil and gas, Germany is looking toward Qatar to fulfill its energy...
- Germany is to close its last nuclear power plants this year and plans to build its first liquefied natural gas terminal within two years
- Qatar is one of the countries that recently have been approached by the US to reroute gas supplies to Europe
Business
Social media poses ‘existential threat’ to traditional, trustworthy news: UNESCO
The business model of the news media is ‘broken’ and with it, our fundamental right to information is at risk,...
- The UNESCO analysed media development trends from 2016 to 2021 and found that global newspaper advertising revenue has fallen by half during the five year period
- The report indicates that news outlets often struggle to get clicks from readers that determine advertising revenue, and many find themselves “squeezed out”
Business
Abu Dhabi launches ‘Abu Dhabi Express’ bus service
The Abu Dhabi Express is a direct, non-stop bus service, making its routes the quickest means of transport, enabling passengers...
- The Abu Dhabi Express is a direct, non-stop bus service, making its routes the quickest means of transport, enabling passengers to get to their destinations
- The Abu Dhabi Express services will all use the main bus station in Abu Dhabi city as an arrival point
Business
UAE and New Zealand to collaborate in food security
The UAE and New Zealand have signed an agreement to enhance collaboration in food security, a step aligning with the...
- Mariam bint Mohammed Almheiri, UAE Minister of Climate Change and Environment, and Damien O’Connor, New Zealand’s Minister of Trade, signed the MoA
- Officials from the two ministries will meet regularly to develop a plan for joint activities and programs aimed at advancing the MoA’s areas of cooperation
Business
Gas Arabian Services profit dips 18%
The net profit of Gas Arabian Services Co. has decline to $16 million.
- The firm’s net profit fell to SR60 million ($16 million), compared to SR73 million a year earlier, according to a bourse filing
- Despite the lower profit, the Dammam-based company seeks to pay SR2 per share as dividends
Business
Lebanon bans top officials of five banks from travel
A prosecutor in Lebanon has issued travel bans against the heads of the boards of five Lebanese banks as a...
- Ghada Aoun, the judge, issued the bans against Salim Sfeir of Bank of Beirut, Samir Hanna of Bank Audi, A Sehnaoui of SGBL, Saad Azhari of Blom Bank, and Raya Hassan of Bankmed
- She has not charged any of them with a crime
Business
Volkswagen sees 2021 profits surge
The carmaker sold 600,000 fewer vehicles in 2021 than in 2020.
- The German automaker expects its sales to increase by 5-10 percent in 2022
- The world's second-largest automotive group's revenue rose 12 percent last year due to 'favorable pricing'
Analysis
Weekly loss for UAE markets, amid contrast for TASI
Oil prices rose by more than 20 percent this week, due to ongoing concerns about supply disruptions and Russian output.
- The Saudi index ended its week on Thursday (March 10, 2022) down by 0.4%
- Abu Dhabi index finished the week with a loss of 0.3% on Friday (March 11, 2022)
Business
Abu Dhabi Police intercept 1.5 tons of contraband, worth $40m
This action, among others, could be quite helpful in getting the UAE out of the so-called grey list of the...
- The Anti-Drug Section at the ADP’s Criminal Investigation Department (CID) detected a suspicious shipment
- It had arrived from a neighboring country at Khalifa Port, and was apparently meant to travel to Europe
Interview
MENA businesses are battling social media scams
Saeed Ahmad, Callsign’s Managing Director for the MENA region, explains how a single fraudulent message impersonating an entity can erode...
- Scams have targeted 66 percent of people in the UAE in recent years, and the phenomenon is spreading
- Around 50 percent of the region’s consumers lose faith in an organization whose name appears in a scam message
Most Read
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
WTO approves services trade rules, overcoming objections
The set of rules will streamline authorization requirements and ease procedural hurdles faced by businesses, according to a press release....
Geostrategy
Company News
Latest News
Cruise Saudi partners with leading firms to outfit premium AROYA
Jeddah, Saudi Arabia -- Cruise Saudi, a wholly owned subsidiary of the Public Investment Fund that specializes in developing the...
Business
Over 3,500 new members register with Ajman Chamber in H1 2023
AJMAN, UAE- The Ajman Chamber of Commerce and Industry (ACCI) has revealed that in the first half of 2023, at...
Business
Saudi capital market institutions employ 5,524 by second quarter end: CMA
Dubai, UAE -- The number of employees at capital market institutions rose by 103 quarter-on-quarter (QoQ) to 5,524 by the...
Business
Most Read
Economy
Qatari-Chinese Business Forum discusses ways to boost trade ties
Doha, Qatar--The Qatari-Chinese Business Forum kicked off with the participation of over 70 local companies and nearly 60 Chinese companies...
- At least 70 companies from Qatar and 60 from China met at the forum to look at investment opportunities in the two countries
- Chairman of Qatar Chamber of Commerce and Industry said that trade between the two countries stood at $27 billion in 2022
Business
GCC real estate transactions surge on demand increase
GCC real estate hits $90.7 billion in the first half of 2023, a 9.9% year-on-year increase, with Dubai leading the...
- GCC real estate hits $90.7 billion in the first half of 2023, a 9.9% year-on-year increase, with Dubai leading the market, contributing 54 percent to the total value
- In the first half of 2023, Saudi Arabia experiences a 32% drop in real estate transactions, as Taiba Investments enjoys a 63.44 percent annual surge in profits
Business
ENEC inks MoU with OSGE
Aim is to help in decarbonization of the Polish power sector.
- One of the aims of the agreement is exploring opportunities to invest in Small Modular Reactors.
- Nuclear energy is recognised by both the UAE and Poland as an essential clean energy resource.