THE HAGUE, NETHERLANDS – Europe's largest art fair closed its doors on Friday with organizers saying that sales, including a rare Van Gogh and works by Picasso and Kees van Dongen, fetched "record prices". Although a total figure of sale for some of the world's most sought-after artworks could not be...
China remains world’s largest logistics market in terms of demand
BEIJING, CHINA - The logistics sector in the country achieved steady recovery in 2023 and the country remains the world's largest logistics market in terms of demand, China Federation of Logistics and Purchasing said. According to a report from CCTV, He Liming, the chairman of the China Federation of Logistics...
DIB H1 2023 net profit $844m
Profit driven by core revenues, effective cost management.Sheikh Mohammed inaugurates 5th phase of Mohammed bin Rashid Al Maktoum Solar Park
DUBAI, UAE - Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has inaugurated the 900 megawatt (MW) fifth phase of the Mohammed bin Rashid Al Maktoum Solar Park. This will be the largest single-site solar park in the world with...
In Hawaii world’s largest volcano erupts for first time in decades
Hawaii's Mauna Loa, the largest active volcano in the world, has erupted for the first time in nearly 40 years, US authorities said, spewing lava and ash as emergency crews went on alert. Flows of lava remained mostly contained within the summit's massive caldera, but the eruption could pose a...Iran craftsmen make ‘world’s largest’ kilim
Produced by the weavers in southern Fars province, the rug measures an enormous 1,100 square feet. It was commissioned by Qatar.
DEWA raises $6.1bn for GCC’s second-largest IPO
The Dubai Electricity and Water Authority said Wednesday it had raised $6.1 billion for the Gulf's second-largest IPO since 2019. Some nine billion shares will be listed from April 12 on the Dubai stock exchange, with the price set at $0.68.
Largest Saudi gold mine to begin work in Q1 of 2022
Saudi Arabia is set to begin mining gold from one of the biggest reserves of the kingdom in the first quarter of next year.
Plot of land on Red Sea sells for $352.7m
In one of the largest real estate deals in Jeddah this year, the Saudi Oger Company's "Arjuwan Red Sea Project" land has been sold in a public auction for $357.2 million.
Emiratis in 18-24 age group 61 percent of Expo 2020 volunteers
The Expo Volunteers Program is an opportunity to gain lifelong skills and build connections, say Expo statement.
Saudi economy is 30% of $2.39 trillion Arab economy
The kingdom is almost twice the size of the region’s second-largest economy, Egypt The UAE is the third largest Arab economy with GDP of $354.3 billion The Saudi economy alone was 29.3 percent of the $2.39 trillion Arab economy in 2020. The Kingdom’s $700.1 billion in nominal GDP was almost...
