Lufthansa cabin crews to go on strike
The announcement came after the airline's record profits.
Business
Stable credit conditions make GCC firms resilient
Gulf companies benefit from supportive credit environments, ensuring resilience in 2024 despite global economic challenges and geopolitical risks, says a...
Business
Interview
Jordan eyes investments with ICT growth
Investment opportunities also exist in IT solutions for Jordan's financial sector and enterprise solutions and emerging applications. In addition, Jordan...
- Jordan's ICT sector generates 75 percent of the region’s Arabic internet content
- Jordan offers a competitive proposition for investment in content applications and e-learning with fairly priced broadband internet tariffs
Business
Etihad launches WorldPass for frequent travelers from UAE
Etihad Airways has announced a new travel solution aimed at corporate and frequent travelers booking from the UAE, said local...
- Etihad WorldPass is available for travel between the UAE and select destinations including the GCC, India, Pakistan, UK and Ireland.
- WorldPass guests can have unlimited free rebooking and cancellation, and the booking portfolio can be self-serviced and self-managed.
Business
Dubai South and Huawei ink deal
The pact entails building smart transportation ecosystem.
- They will also explore innovative solutions to support a mixed-traffic, intelligent transport system for autonomous and driver-assisted vehicles.
- The two entities will also develop and promote unified international cybersecurity standards to safeguard digital transformation projects.
Economy
Sheikh Mohammed launches largest tourism campaign ‘World’s Coolest Winter’
UAE Vice President and Prime Minister Sheikh Mohammed bin Rashid Al Maktoum launched the second season of the World’s Coolest...
- The campaign highlights the diversity of the UAE’s tourism and recreational attractions.
- With an occupancy rate of 64 percent, the UAE outperformed the top 10 tourist destinations in the world.
Business
Reddit to go public
Reddit submits draft registration with the USSEC.
- The company said it had not yet determined the number of shares that will be offered nor the price range for the stock
- Created in 2005 by two students from Virginia, the discussion platform was bought in 2006 by Conde Nast, which publishes magazines such as Vogue, The New Yorker and Vanity Fair
Business
QA arm expands Gulfstream fleet
Qatar Executive is a business-jet subsidiary of Qatar Airways.
- Qatar Executive is a business-jet subsidiary of Qatar Airways
- It now has a total of 11 Gulfstream G650ER aircraft in its fleet
Analysis
Saudi Arabia to dominate regional ecommerce
Factors ranging from internet penetration to smartphone ownership to bank-account holdings, and more are coming together to make Saudi Arabia...
- The GCC will have the fastest ecommerce growth in the MEASA region between 2019 and 2022
- Ecommerce will help Saudi’s economic growth, with the domestic online market expected to reach $2 billion by 2025
Business
Qantas picks Airbus over Boeing
Boeing currently supplies much of Qantas' domestic fleet.
- Qantas Airlines committed to buying 20 Airbus A321XLR planes and 20 A220-300 jets from Airbus
- Boeing currently supplies much of Qantas' domestic fleet
Interview
Saudi Arabia looks to lead solar-cell industry
Demand for PV technology will increase in 2022, says Fahad Bin Omairah, CEO of Bin Omairah Holding Company.
- Masdar is a state-of-the-art PV solar panels factory with a total capacity of 1.2 GW and a SAR700 million investment
- Solar panel systems are now priced $1-1.5 per watt
Business
ADQ establishes office in Cairo to boost its investment in Egypt
Abu Dhabi Development Holding Company (ADQ) has established a new office in Egypt to build on its commitment to investing...
- The opening of ADQ’s new office complements the $20 billion strategic investment platform launched in 2019 between ADQ and TSFE.
- The platform aims to help advance Egypt’s economic development through joint strategic investment projects, specialized funds and investment tools.
Lufthansa cabin crews to go on strike
The announcement came after the airline's record profits.
Business
Company News
Air Arabia to double fleet
Business
Latest News
Toyota factories across Japan hit by massive glitch
The news of system glitch sent Toyota's stocks into the red, trading 0.64 percent lower at 2,421.0 yen. But the...
Economy
Kross Studio redefines high-end horology by crossing tradition and innovation to tick luxury revolution
Launched amidst the pandemic, Marco Tedeschi's venture seamlessly blended traditional watchmaking with modern technology, collaborating with major brands to achieve...
Interview
UAE’s PureHealth acquires UK’s largest private healthcare group for $1.19bn
Dubai, Riyadh - PureHealth, the largest healthcare group in the Middle East, has entered into an agreement to acquire Circle...
Business
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Business
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,...
- The Center will host 18 economic, trade, and cultural exhibitions, while during the same period last year, it hosted 11 such events.
- The events are scheduled to take place not only at the Expo Centre Sharjah but also at its affiliated centers located in Khorfakkan and Al Dhaid.
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...
- Oil Minister Javad Owji said around 50 million cubic meters of gas will be extracted daily from phase 11 of the project "after the completion of the wells".
- Iran has the world's second largest gas reserves, after Russia, and the world's fourth largest oil reserves.
Business
AviLease acquires aircraft leasing platform
The $3.6bn deal will see AviLease acquire a portfolio of 100 aircraft.
- The combined platform will own and manage 167 of the latest technology, fuel efficient aircraft, consisting of 145 owned valued at around $6 billion.
- AviLease arranged $2.1 billion of competitive bridge financing commitments from four banks: BNP Paribas, Citibank N.A., HSBC Bank Middle East and MUFG Bank.