RIYADH, SAUDI ARABIA – flynas reported record results for its performance in 2023 compared to the previous year 2022, with a historic increase in the number of passengers to over 11.1 million passengers, growing more than 28 percent. The LCC has taken delivery of 19 new aircraft during 2023, upscaling...

Dubai, UAE--Bitcoin stormed above $45,000 on Tuesday for the first time since April 2022. Bitcoin touched a 21-month peak of $45,532, having gained 156% last year in its strongest yearly performance since 2020. It was last up 2.5% at $45,318 but remains far off the record high of $69,000 it...

DUBAI  UAE -  Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince and Chairman of The Executive Council of Dubai, has approved the distribution of performance-based bonuses totaling AED152 million to civilian employees of government entities. The bonuses, subject to Dubai Government Human Resources (DGHR) Law No. (8) of...

The results underscore the firm’s robust financial performance.

Abu Dhabi, UAE--UAE stocks generated strong cash flows on Monday as the International Holding Company (IHC) maintained robust performance and closed at AED400.6, following more than $59.14 million worth of transactions. Multiply Group gained $43.75 million in liquidity, closing high at AED3.670. Emirates Insurance Company (EIC) was the best performer...

The division recorded 32% growth in H1 of 2023.

DUBAI, UAE – UAE Minister of Energy and Infrastructure Suhail bin Mohammed Al Mazrouei launched the National Program for Infrastructure Development (Salamah 365). This is a transformational project under the performance agreements signed by federal authorities in 2022 in the presence of Sheikh Mohammed bin Rashid Al Maktoum, Vice President,...

The sales in H1 of 2023 climbed on the back of high demand.

It is highest ever profit achieved by FAB in a half-year.

ABU DHABI, UAE -  UAE Ministry of Finance (MoF) released its annual report for the year 2022 highlighting performance, initiatives, national projects and international participation. The report is entitled "Remarkable Achievements Shaping Promising Financial Prospects",  includes MoF's most prominent achievements, leadership councils and committees, and strategic objectives. Minister of State...

RAS AL KHAIMAH,  UAE - Ras Al Khaimah Economic Zone (RAKEZ) has announced the addition of over 1,500 new companies in the second quarter of 2023. This robust growth represents a remarkable 132 percent increase compared to the same period in 2022, further cementing RAKEZ’s role as an accelerator for...

Popular car customizations include color changes, custom rims and tires, body kit installations, modified exhaust systems for a more aggressive sound, and upgraded interiors with custom upholstery and audio systems.

Operating income increased by 51 percent year-on-year.

Abu Dhabi, UAE— More than 20,000 people visited the 20th edition of Abu Dhabi Festival in the first twenty days of March this year, drawing culture, arts, and music lovers from all walks of life. Held under the honorary patronage of Sheikh Abdullah bin Zayed Al Nahyan, the UAE’s Minister...

DUBAI, UAE -  Dubai International Financial Center (DIFC) continued to grow at a record-breaking pace in 2022 with the number of active registered companies rising 20 percent from 3,644 in 2021 to 4,377 in 2022. New companies registered in DIFC in 2022 surpassed the annual milestone of 1,000 for the...

The year 2022 was crowned with excellent ratings for the Qatari economy, as the S&P's credit rating agency raised the rating of the State of Qatar from "-AA" to "AA" during the year 2022, and Moody's credit rating agency raised the outlook for the country from stable to positive.

TSMC operates the world's largest silicon wafer factories.

The Environment Agency - Abu Dhabi (EAD) organized two training workshops on the Green Industries environmental labeling program.

Sharjah Hotels occupancy rate jumped to 67 percent in H1.

Dubai International Financial Centre (DIFC) has reported its best annual performance to date, recording its highest ever annual revenue and operating profit besides the highest ever company registrations. DIFC said it achieved its 2024 Strategy growth targets three years ahead of schedule during the first half of 2021. The Centre...

Fjiri, which commemorates the history of pearl diving, originated on Bahrain's island of Muharraq and is performed in festivals throughout the country.

Hedge funds in Middle East are abuzz with excitement, posting double digit gains in August this year, after a weak performance in 2020.

Saudi economy may perform better this year than forecast earlier with the continual recovery of the non-oil industry from the blows of the coronavirus pandemic.

The top ten lenders of the United Arab Emirates have shown a health rebound in profitability, with the country’s banking industry improving its performance in the second quarter of 2021.

The company witnessed a positive shift in many business activities in the UAE in general and in Dubai in particular, says Khalifa Hassan Al Hammadi, Chairman Board of Directors

The existing method of appraisal is based on work experience, an employee’s behavior, and how long he/she spends at work.

The US has over 34 million confirmed cases and over 600,000 deaths, the highest in the world, and the number of days with less than 5,000 daily new cases is only 62, which is the worst in the world

RTA has collaborated with Alibaba Cloud to start trial of ‘City Brain’, which analyzes big data and can eventually improve bus schedules and routes

Hintsa Performance has developed 'Better Life' wellbeing program for KFH staff Program elements include physical activity, nutrition, sleep and recovery, mental energy To ensure well-being and good health of its employees, Kuwait Finance House (KFH) – Bahrain, one of the leading Islamic banks, has announced the launch of its new...