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2 days ago · Trade Arabia is the leading portal for business information and trade news covering the Middle East and Arabian Gulf countries.
Trade Arabia | Trade Arabia Middle East & GCC business …
9-MONTH VALUE UP 7% MENA M&A activity up 9%; 522 deals valued at $71bn. The MENA region witnessed an increase in merger and acquisition (M&A) activity with a total of 522 deals amounting to $71 billion in the first nine months of the year, according to …
Trade Arabia | Trade Arabia Middle East & GCC business …
ROBUST PASSENGER GROWTH Etihad flies high with 9-month revenue of $5bn; profit up 66pc. Abu Dhabi flag-carrier Etihad Airways has announced solid results for the first nine months of the year with a 21% jump in its revenue which soared to hit AED18.4 billion ($5 billion), while its net profit recorded a 66% growth compared to last year.
Trade Arabia | Trade Arabia Middle East & GCC business …
LUXURY VILLAS, APARTMENTS Saudi NHC to build 10,000 new residential units in Riyadh region. Saudi Arabia’s National Housing Company has announced the launch of 11 key residential projects in Khuzam area of Riyadh featuring over 10,000 units - ranging from luxurious villas to contemporary apartments - thus catering to different clients' needs.
Trade Arabia | Trade Arabia Middle East & GCC business …
5.1m TRAVEL WITH AIRLINE Air Arabia posts record Q3 net profit of $153.55m, up 8% . Air Arabia, the Middle East and North Africa's first and largest low-cost carrier (LCC), has announced record financial and operational results for the third quarter and first nine months of 2024.
Trade Arabia | Trade Arabia Middle East & GCC business …
Bahri posts solid growth in first 9 months; net profit up 40pc. Top Saudi shipping group Bahri has delivered solid results for the nine-month period with its net profit surging 40% to hit SAR1.7 billion ($462 million), propelled by higher shipping rates, growth in …
Trade Arabia | Trade Arabia Middle East & GCC business …
Nov 14, 2024 · 20 HOTELS & RESORTS Kleindienst reveals $6bn plan to build 5,000 hotel rooms in Dubai. Kleindienst Group, a leading global business conglomerate and the master developer of The Heart of Europe on Dubai’s World Islands, has announced a major expansion that will see the addition of 5,000 five-star hotel rooms to Dubai's hospitality sector.
Trade Arabia | Trade Arabia Middle East & GCC business …
Nov 17, 2024 · UTILITY INFRASTRUCTURE WORK Samsung JV lands $418m Qatar ethylene storage plant contract. Samsung E&A, a total solutions provider for the global energy industry, has announced that its joint venture with Taiwanese group CTCI has secured a $418 million contract from Qatar-based Ras Laffan Petrochemicals for setting up a ethylene storage plant.
Trade Arabia | Trade Arabia Middle East & GCC business …
GROUP REVENUES HIT $19.3bn Emirates reports record $2.5bn profit after tax for H1. The Emirates Group has announced its best-ever half-year financial performance, posting a profit before tax of AED10.4 billion ($2.8 billion) for the first six months of 2024-25, surpassing its record profit before tax for the same period last year.
Trade Arabia | Trade Arabia Middle East & GCC business …
Oman-India JV to develop, manage sultanate's malls . ScottOMAN, a leading Omani real estate and facility management company, has joined hands with Beyond Squarefeet, an Indian mall advisory group, to set up a new venture - Mall-IQ - for development and …