Europe’s largest art fair reports ‘record’ prices for Van Gogh, Picasso
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...
Regional economies look up as Ramadan boosts retail
How does Ramadan, a time for spiritual reflection, impact economies of the region as markets open after an ease in COVID-19 curbs? Here are indepth reports from TRENDS.Where Paris hides some of its best art
The Paris contemporary art scene has partly got its mojo back thanks to a slew of new museums, including the Louis Vuitton Foundation and Bourse de Commerce.Real estate trade volume in Amman $1.6 billion by March end
The total real estate trading volume in Jordan by the end of March reached JD 1.414 billion ($1.6 billion). The real estate trade volume in the North of Amman Land Registration Directorate amounted to JD272 million at the end of the first quarter of this year, ranking first among the...Nike posts $1.4b quarterly profit
Strong pricing helps company offset lower China salesStellantis MENA shipments up
Expansion into 10 new countries MENA countries strong driver for growth.Emirates Steel exports up 50 percent
The firm's capacity is enough to meet the domestic market's demand.2022 edition of Art Dubai largest to date, achieves strong sales
Art Dubai closed its 15th edition on Sunday, with strong sales reported across all four sections of the fair: Modern, Contemporary, Bawwaba and Digital. Marking a return to full scale at Madinat Jumeirah, Art Dubai’s 2022 edition was the fair’s largest to date, with a record attendance of more than...Art sales hit all-time high in 2021, continue rapid growth in Asia
Art auctions saw a record year in 2021 with $17.1 billion (15.6 billion euros) in sales as the market continued its rapid growth in Asia and recovered from its coronavirus slump, experts Artprice said Monday. The figure marked a 60-percent increase on 2020, when sales were hit by the initial...Tibbiyah posts 14% drop in profit
Arabian International Healthcare Holding Co., also known as Tibbiyah, has posted a fourteen percent drop in net profit to $21 million in 2021.Dubai real estate market posts sales worth $248m
Dubai’s real estate market recorded 368 sales transactions worth $247.66 million and mortgage deals of $48.27 million.Saudi stc posts $3bn profit in 2021 on the back of high sales
stc, Saudi Arabia's top telecom firm, has posted a three percent increase in net profit to $3 billion in 2021 on the back of improved sales.Virgin Galactic re-opens ticket sales for $450,000
Previously, only people who had paid a deposit to be on a waiting list could buy new tickets -- but now sales are once more open to everyone.L’Oreal sales, profits surge
Sales rose by 15.3% from last year to $36.9 bn.Sanofi posts strong sales
French pharmaceutical group's overall sales rises 4.8% to $43.3bn in 2021.Intel sales hit record on chip demand as shortage lingers
Intel on Wednesday said 2021 was a record year for sales at the chip maker as it navigated unprecedented demand and supply chain constraints.The US-based firm also saw costs rise and margins shrink as it shifted to a more sophisticated line of semi-conductors, analysts noted.Pay only $11 to attend Qatar World Cup game
Qatar World Cup ticket sales were launched at reduced prices on Wednesday with residents and migrant workers able to attend games for just $11 as concerns persist over Covid-19.Jordan olive festival clocks sales of $4.23m
The sales of the 10-day festival included olive oil and various rural products, in addition to production kitchens.Nissan eyes 2030 EV push
It wants half its sales to be electric or hybrid vehicles by 2030.Dubai October realty sales $3.57 billion, highest in eight years
Expo 2020 Dubai, the largest global event and the first-of-its-kind in the Middle East, boosted the Dubai real estate market that registered the highest number of transactions, worth AED13.12 billion ($3.57 billion), in the past eight years. According to the data of the 20th edition of Mo’asher, Dubai’s official sales...Emaar property sales at $5.7bn
Emaar Development sales were AED20.943 billion in Jan-Sept 2021.Q3 real estate transactions worth $1.55 billion recorded in Sharjah
Real estate transactions worth AED5.7 billion ($1.55 billion) were recorded in Sharjah during the third quarter of 2021, an increase of 22.7 percent compared to the same period last year. A report by the Sharjah Real Estate Registration Department said the rise in the number of transactions indicated a retreat...Infath of Saudi Arabia logs $159.9m sales in October
Entrustment and Liquidation Center (Infath) of Saudi Arabia has raked in its highest ever amount in October thanks to sales of more than $159.9 million.Aramco Q3 earnings up 158%
Higher oil prices and sales volumes led to the rise.Dubai records $4.4 billion realty sales in September, highest since 2013
The months leading up to the launch of Expo 2020 Dubai witnessed a surge in realty transactions, with September recording sales worth AED16.2 billion, the highest monthly sales since December 2013. A total of 5,762 sales transactions in September bring the year-to-date total value to over AED100 billion, according to...Jarir posts $194m net profit in nine months
Q3 net profit surges 44 percent compared to Q2.London draws buyers from Middle East with hot property deals as fear of Covid eases
Buyers from Middle East have been scouting London for property deals in prime central London, with sales in the first eight months of 2021 surpassing those for the whole of 2020.Facebook bans sales of Amazon areas on its apps
The announcement came as the tech giant defends itself against accusations that it has long put profit over societal good.Dubai records weeklong real estate transactions worth $1.6 billion
DUBAI: Dubai has recorded 1,592 real estate and properties transactions worth AED6 billion ($1.6 billion) in total during the week ending September 30, according to Dubai Land Department (DLD). The DLD weekly report said 73 plots were sold for AED350.29 million, 1,080 apartments and villas were sold for AED2.74 billion....Abu Dhabi H1 real-estate deals hit $6.4bn
The real-estate sector in Abu Dhabi recorded 3,425 real-estate sales transactions worth AED9.02 billion (around $2.46 billion), and 3,621 mortgage transactions worth AED14.55 billion (around $3.96 billion), according to the Department of Municipalities and Transport.Dubai records $327m realty deals in week ending Wednesday
The deals consisted of 266 real estate sales transactions worth AED849.88 million.Dubai property sales hit four-year high in August
The figures indicate that the property market, particularly the residential market, is recovering after hitting a low at the start of the pandemic last year.Shaker H1 net profit SAR 15.3m
The company attributes growth to robust sales in four quarters.Dubai real estate rally: transactions worth $192 million recorded on Aug18
A recent report by real estate firm Chestertons said value of residential transactions increased by nearly 50 percent during the Q2 2021 compared to the previous quarter as positive market sentiment and continued international buyer interest drove sales. Dubai’s handling of Covid-19 pandemic has supported the post-lockdown demand from international...Retail detail: New malls come up in UAE, Saudi Arabia
Even as the pandemic would affect businesses, the mall owners are so confident of staying afloat that they are going ahead with their plans to expand their operations.Popular Buraidah dates daily sales worth $400k
About 400 refrigerated trucks transport hundreds of tons of 45 varieties of dates to specialized factories in big cities.Lincoln Middle East H1 sales rise 54%
Lincoln is the luxury-vehicle arm of US carmaker Ford.Palm Jumeirah beckons rich with its luxury
Dubai’s Palm Jumeirah has seen its sales and prices touch newer levels during the last few years, spurred by strong demand.$1.9 billion weeklong realty transactions in Dubai
An apartment in Marsa Dubai sold for AED 508 million and properties worth AED 4 billion mortgaged.Automotive plastic sales to cross $9.5bn this year
Increasing demand for commercial and passenger vehicles and flourishing automotive export industry are primary factors propelling the market growth, according to a survey by the Future Market Insights.ÂAjman posts Dh931 million property deals
A total of 557 property deals worth Dh931 million were recorded in Ajman in April 2021 Dubai’s realty sector posted 4,832 worth Dh10.98 billion in the same period A total of 557 property deals worth Dh931 million were registered in Ajman in April 2021, a 4.1 percent growth compared to...Saudi Arabia’s used car market shows signs of recovery
Ken Research study says oil-rich kingdom's used car market is growing again after a decline in growth in 2016. The market is expected to grow at a CAGR of 4.5% The used car market in Saudi Arabia has rebounded with a reasonable growth in sales of cars, after the market...