Passenger air traffic has reached pre-pandemic levels, says ICAO
MONTREAL, CANADA – In the first quarter of 2024, the International Civil Aviation Organization (ICAO) projected that passenger air traffic...
Business
Business
Agthia Group revenues up 49%
The group’s net profit stood at AED216 million in 2021.
- Net profit stood at AED216 million ($58.82 million) compared to AED34 million ($9.26 million) in the previous year
- Of this, AED83 million ($22.6 million) of one-off costs were incurred as a result of a strategic review of the company's balance sheet
Business
DNI inks AECB deal
It will help DNI assess people and companies’ financial position.
- The MoU reportedly underlines DNI’s commitment to transparency within the financial sector
- With it, the insurer apparently aims to serve customers better and secure shareholders’ interests
Interview
More women make positive impact on GCC businesses
In the wake of International Women’s Day, TRENDS highlights how courageous Arab women are making a difference in the business...
- The UAE ranked first in the MENA region when it came to women-friendly policies and programs
- GCC countries strive to increase opportunities for women and encourage them to pursue careers in business and technology
Business
Arab News joins hands with Arab Women Forum
Arab women leaders will share their success stories, challenges and opportunities at the Forum organized by Special Edition in Dubai...
- Senior government officials, women business leaders, academicians, technocrats, and entrepreneurs are expected to participate in this year’s Forum
- The Forum will discuss topics ranging from the image of Arab women to the issues with a quota system, workplace of the future, women entrepreneurs and Arab women in technology
Business
Dubai Airports launches ‘DAWN’ to empower women
Dubai Airports, the operator of Dubai International (DXB) and Dubai World Central (DWC), has announced the launch of the new...
- The DAWN platform will provide a range of networking and knowledge sharing opportunities while contributing to Dubai Airports’ ability to maintain a balanced work environment
- It was launched on International Women’s Day, which celebrates the social, economic, cultural, and political achievements of women
Business
King Abdulaziz Port records highest daily container throughput
The King Abdulaziz Port in Dammam recorded the highest daily container throughput at Saudi ports by handling a total volume...
- The port succeeded in achieving the feat through its integrated operational mechanism of maritime and logistical services.
- The landmark milestone was reached when COSCO Shipping Capricorn with an overall length of 400m docked at the Dammam port.
Business
Flydubai net up 76% to $229m
The Emirati budget airline carried 5.6 million passengers last year.
- Dubai, a tourism and trading hub, has since October been hosting the delayed Expo 2020 world fair, which ends on March 31
- In July 2020 Dubai became one of the world's first locations to reopen to foreign travel
Business
Saudi Monsha’at launches portal for entrepreneurs
Young entrepreneurs in Saudi Arabia will now have access to the National Business Innovation Portal, providing them with necessary tools...
- The Small and Medium Enterprises General Authority, also known as Monsha’at, and the King Abdulaziz City for Science and Technology unveiled the portal
- The newly launched portal includes a set of specialized sections that guide business innovators through the stages necessary to bring a project to success
Business
Sharjah Entrepreneurship Foundation discusses SMEs funding requests
The Project Finance Committee of the Sharjah Entrepreneurship Foundation (Ruwad) has approved AED300,000 finance for a project that will work...
- The Foundation’s Project Finance Committee approved AED300,00 finance for a health fitness service program.
- The total approved financing by the end of February amounted to AED33 million, of which AED14.4 million were directly financed by the institution.
Business
Saudi Crown Prince inaugurates World Defense Show in Riyadh
Saudi Arabia's Crown Prince Mohammed bin Salman has inaugurated the four-day-long World Defense Show in Riyadh, organized by the General...
- Over 590 global companies representing 42 countries are participating in the event
- A number of national government agencies in the defense, military and security sectors are also among those taking part
Passenger air traffic has reached pre-pandemic levels, says ICAO
MONTREAL, CANADA – In the first quarter of 2024, the International Civil Aviation Organization (ICAO) projected that passenger air traffic...
Business
Company News
Latest News
Several UAE entities sign pact to implement ‘Sharjah Sat-2’
Sharjah, UAE -- A cooperation agreement was signed between the Sharjah Academy of Astronomy, Space Sciences & Technology (SAASST), the...
Geostrategy
Qatar records real estate sales contracts worth $60 million
Doha, Qatar -- The volume of real estate trading in sales contracts at the Department of Real Estate Registration at...
Business
Qatar Central Bank issues treasury bills worth $137 million for a week
Doha, Qatar -- Qatar Central Bank (QCB) issued treasury bills worth QR 500 million ($137 million) for a one-week term,...
Business
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Business
EDGE partners with Bulgarian firms
It expects to fulfill growth plan through the partnerships.
- EDGE and TBS will seek collaboration through international trade expansion, knowledge transfer, research and development
- Its agreement with Samel-90 entails both to jointly identify business opportunities within multiple electronic development domains
Business
Saudi Arabia seeks Chinese investment in mining, industry
Beijing, China - Saudi Arabia is seeking Chinese investment in mining and industrial sectors. The Saudi Minister of Industry and...
- The Saudi side highlighted the goals of the National Strategy for Industry and the opportunities provided in various industrial sectors
- The meeting examined the measures, initiatives and incentives provided by the ministry to remove obstacles for investors
Economy
Saudi Arabia’s economy joins trillion-dollar club
The Kingdom now ranks 17th in global economic rankings and 17th out of 64 countries for global economic competitiveness.
- The milestone was achieved ahead of the state's 2025 targets, accompanied by a remarkable growth rate of 8.7%, the highest among G20 nations
- Saudi Arabia now ranks 17th in global economic rankings and 17th out of 64 countries for global economic competitiveness