China Eastern Airlines to operate three weekly fights between Shanghai and Riyadh
Riyadh, Saudi Arabia - The Saudi Air Connectivity Program (ACP) and China Eastern Airlines have entered into a strategic partnership...
Business
Lufthansa cabin crews to go on strike
The announcement came after the airline's record profits.
Business
Business
Russia fines Google $98m
The fine was for repeatedly failing to delete ‘illegal’ content.
- Russia has piled fines on the world's biggest internet platforms, accusing them of not moderating their content properly
- But so far fines on Facebook parent company Meta, Twitter, and Google have stretched into the tens of millions of rubles, not billions
Business
Omicron cloud intensifies over Consumer Electronics Show
Google, Lenovo, and Intel are the latest global tech companies to bow out of the January 2022 Consumer Electronics Show...
- The popular four-day conference, which had planned for a grand return, is still scheduled to start January 5
- But this week Facebook parent company Meta, Amazon, T-Mobile, and Twitter canceled their appearances
Business
ADQ taps Etihad for services
The terms of the transaction were not disclosed.
- As part of the transaction, several of Etihad airline-support businesses will become part of a new ADQ aviation firm
- The move is expected to support the ongoing transformation of Etihad and the growth of civil aviation in Abu Dhabi
Business
Abu Dhabi Airport traffic likely to surge 400% over holiday season
From the period running December 22 to January 2, Abu Dhabi Airports estimates an average of 32,000 passengers and 102...
- From the period running December 22 to January 2, Abu Dhabi Airports estimates an average of 32,000 passengers and 102 flights per day
- Passenger traffic (59,000 per day) and flight numbers (149 per day) still remain down from the same period in 2019
Business
Iran accepts tea in payment for Sri Lankan $251 million oil debt
Iran has agreed to accept Ceylon tea in payment for a Sri Lankan oil debt valued at $251 million, Iranian...
- In 2016, Ceylon tea made up nearly half of Iranian consumption, but the proportion has declined in recent years.
- The barter deal will allow sanctions-hit Iran to avoid having to use up scarce hard currency to pay for imports of the widely consumed staple.
Business
UAE Innovates 2022 to launch on 1 Feb, will run alongside Expo
The UAE Innovates 2022, which is aimed at cultivating a culture of innovation within the public sector and engaging the...
- Innovation Month 2022 will also include the launch of the second edition of the UAE Innovates Awards.
- Activities during the month will include new programs, specialized workshops, and interactive sessions.
Business
Jordan and Saudi Arabia discuss ways to develop agriculture sector
Jordan and Saudi Arabia have discussed the ways to increase the exchange of crops and foodstuffs between the two countries....
- Jordan's Minister of Agriculture Khaled Hneifat met a delegation of the Saudi Ministry of Agriculture, Environment and Water.
- The two sides held also discussed the most important export obstacles and some procedures on the two countries' borders.
Business
AFZ registers 349 new companies in Q3 2021
The results of the operational performance analysis also reflect the Free Zone’s distinct position in the emirate's export and re-export...
- In its report, AFZ said that education was the fastest-growing sector in the Free Zone with 34 percent growth, followed by advanced technology and health
- The Free Zone also recorded a 12 percent growth in the number of new companies registered in the food and beverage sector
Business
Mubadala, G42 plan campus
The biopharma campus is expected to be set up in Abu Dhabi.
- The biopharma campus is expected to tap into global vaccine and therapeutic products to strengthen regional supply chains
- It is also expected to drive the UAE’s diversification and economic-growth agenda
Business
Qatar and Iraq discuss cooperation in transportation sector
Minister of Transport Jassim bin Saif Al Sulaiti, and Minister of Transport of the Republic of Iraq Nasser Hussein Bandar...
- The total number of passengers who used the Doha Metro during the FIFA Arab Cup 2021 exceeded 2.5mn with an average of 130,000 passengers daily.
- According to Qatar Rail, the Doha Metro operated 50,000 trips during the tournament, covering 885,000km, and the average time between trains was 2.5 minutes
China Eastern Airlines to operate three weekly fights between Shanghai and Riyadh
Riyadh, Saudi Arabia - The Saudi Air Connectivity Program (ACP) and China Eastern Airlines have entered into a strategic partnership...
Business
Company News
Latest News
Global dividends hit record US$568 billion in Q2
According to a report by asset management firm Janus Henderson, payouts to shareholders are expected to grow further in spite...
Business
Elon Musk lifts political ad ban at rebranded Twitter
Welcoming back potentially misleading political messages at X came less than a week after former president Donald Trump posted there...
GCC to establish partnerships with international organizations: Albudaiwi
Riyadh, Saudi Arabia-- The GCC countries are "actively engaging" with international and regional organizations in order to establish strategic partnerships...
Geostrategy
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Economy
Exclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economy
In the GCC, online market growth surpasses offline, driven significantly by Saudi Arabia, amid intense competition where local brands increasingly...
- In the MENA region, customers are enticed by augmented reality games with tangible rewards, as the digital economy rises and brands innovate to meet growing expectations
- In an intensifying market, customers' multi-channel interactions offer brands crucial CX strategy insights, reflecting the escalating expectations they have from merchants
Investigation
Exclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economy
In the GCC, online market growth surpasses offline, driven significantly by Saudi Arabia, amid intense competition where local brands increasingly...
- In the MENA region, customers are enticed by augmented reality games with tangible rewards, as the digital economy rises and brands innovate to meet growing expectations
- In an intensifying market, customers' multi-channel interactions offer brands crucial CX strategy insights, reflecting the escalating expectations they have from merchants
Business
Egypt to drill 45 exploratory gas wells with investment of US$1.9bn
Cairo, Egypt--The Egyptian government plans to drill 45 natural exploratory gas wells in the Mediterranean and the Nile Delta with...
- Between July 2022 and June 2023, Egypt drilled nearly 10 wells that yielded huge disovery in the Nargis Offshore Area Concession, adding reserves of 2.5 trillion cubic feet
- Tarek El-Molla, Egypt's Minister of Petroleum and Mineral Resources, said that until 2025, a total of 35 exploratory wells will be drilled with $1.5 billion in investments