MENA print media revenues fell 30% from 2018 to 2022: survey
The report stresses the urgent need for MENA news organizations to overhaul business models, adopt digital strategies, and diversify content...
Saudi tech firm Alat to ally with Softbank, Carrier Corp, Tahakoum, Dahua Tech
Riyadh, Saudi Arabia - Alat Company, a subsidiary of the Saudi Public Investment Fund (PIF), has announced four global partnerships...
Business
Business
Fun sector: Leisure puts UAE economy at ease
Estimations by the Middle East and North Africa Attraction and Leisure Council (MENALAC) put the number of leisure centers in...
- The leisure and entertainment sector in the UAE is considered to be one of the most dynamic markets in MENA
- Around 400 leisure centers operate in the UAE, employing more than15,000 workers
Business
Jordan’s trade with US touches $1.384bn in 2021
Jordan was the first Arab country to sign a free trade agreement (FTA) with the United States in 2000.
- The President of the American Chamber of Commerce in Jordan (AmCham) Mohammad Batayneh said in a statement
- He added that Jordan's exports during the first 11 months of 2021 nearly reached $2.5 billion, compared to $1,120 billion in imports
Business
DEWA to sponsor Dubai Award for Sustainable Transport
Dubai Electricity and Water Authority (DEWA) will be the strategic sponsor of the 12th Dubai Award for Sustainable Transport. The...
- Saeed Mohammed Al Tayer, MD & CEO of DEWA highlighted DEWA’s support for all efforts to enhance sustainable transport in the UAE and abroad
- This consolidates Dubai’s position as a global capital for a green economy and achieves sustainable development to ensure a brighter future
Analysis
Disney takes on OTT platforms with MENA expansion
Netflix currently rules the roost in the Middle East. Therefore, the Disney+ expansion should be a clarion call for regional...
- The Disney launch covers almost all of the Middle East and good chunks North Africa
- In all, Disney+ is expanding to 42 countries and 11 territories in the EMEA region
Business
Applebees, IHOP in UAE soon
The first location is scheduled to open in Dubai later this year.
- Dine Brands International is set to open multiple Applebee's Neighborhood Grill + Bar and IHOP restaurants in the UAE
- The first location will open in Dubai later this year through an agreement with established IHOP Franchisee
Business
Saudi Arabia looks to increase trade exchange with Iraq
The Saudi Export Development Authority organized a meeting of a group of Iraqi and Saudi businessmen to discuss opportunities for...
- The volume of exports of foodstuffs and construction constitutes about 60% of the total volume of the Saudi exports to Iraq
- Saudi Arabia imports aluminum scrap as well as iron scrap and some foodstuffs such as dates and rice from Iraq
Business
Morocco: Overall port traffic up 11.6% in 2021
Moroccan ports have recorded a significant evolution of overall port traffic, which has risen from 172.1 million tons in 2020...
- The maritime and port sectors have overall shown great resilience to the Covid-19 pandemic
- The transshipment accounted for 41.9 percent of overall traffic, followed by imports of 33.3 percent
Business
Vaccine patents accord possible in weeks, says WTO
Developing countries lagging in vaccinating their populations have been pushing for waivers on the patents on Covid-19 vaccines.
- The vaccine accord will pe possible after the EU-African Union summit on February 17-18 in Brussels
- Access to vaccine can be improved by lifting as far as possible restrictions to their distribution, says French minister
Business
Qatar looks to profit from Europe gas fears over Ukraine
Qatar ruler Sheikh Tamim bin Hamad Al-Thani has the Ukraine crisis, efforts to engage the hardline Taliban administration in Afghanistan,...
- Gas supply is a key area Europe fears could be affected if Russia takes military action in Ukraine
- Australia, Qatar, and the United States are the world's biggest exporters of natural gas used as fuel
Business
TASI starts low; Emirati markets gain
The Emirati indices managed to show gains throughout the week, while the Saudi index was unchanged.
- After a tumultuous session, Saudi Arabia’s main index closed unchanged on Thursday
- The Dubai index advanced 0.5 percent on Thursday, supported by a 1.5 percent jump in NBD Bank
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MENA print media revenues fell 30% from 2018 to 2022: survey
The report stresses the urgent need for MENA news organizations to overhaul business models, adopt digital strategies, and diversify content...
Company News
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Expo Center Sharjah to host 63% more events in last quarter
Sharjah, UAE - Expo Centre Sharjah said it will host 63 percent more events in the last quarter of 2023,...
Business
Iran inaugurates final phase of country’s largest gas field
The South Pars gas field is one of the world's largest natural gas condensate fields. Iran shares the gas field...
Business
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Business
SAMI launches radio systems line
PIF-owned SAMI will be partnering with the Ministry of Defense.
- SAMI CEO Waleed Abdulmajeed Abu Khalid underlined the partnership in strengthening relationships with L3Harris, the world's leading defense company.
- In June, SAMI signed an agreement with Safran Helicopter Engines for engine maintenance and repair.
Business
Kuwait Airport expects 13% rise in passenger numbers, says DGCA
KUWAIT CITY, KUWAIT - Kuwait's Director General of Civil Aviation (DGCA) expected that the total passenger traffic to and from...
- The total passenger traffic from Kuwait International Airport in the present summer season is expected to reach 5.75 million passengers.
- Kuwait Airport expects to operate 45,000 flights this season, an increase of 15 percent compared to last year.
Geostrategy
Boon or blight? E-scooters around the world
The for-hire electric scooters that have become ubiquitous in Paris and other cities worldwide will be banned in the French...
- Barcelona outlawed rental scooters on public roads in 2018. Two years later Montreal outlawed all electric scooters, rental and private.
- In London, only rental e-scooters with specific safety features are allowed in the capital. Privately owned devices are illegal.