Air Canada is preparing to commence a new service between Vancouver and Dubai.
Air Canada is proud to announce the launch of their new service between Vancouver and Dubai, providing customers with a convenient and efficient way to travel.
According to GASTAT, inflation in Saudi Arabia eased to 2.7% in March.
GASTAT, the Kingdom of Saudi Arabia’s General Authority for Statistics recently reported that inflation in the country declined by 0.4% in March 2021, compared to the previous month – providing some welcome relief for consumers who have been struggling with rising prices in recent months.
Foreign investment in Saudi Arabia increased by 2% to reach $640 billion in 2022.
The report notes that foreign investment in Saudi Arabia is expected to continue to grow over the next few years, driven by several factors, including the implementation of structural reforms, the expansion of the non-oil sector, and the development of new infrastructure.
The International Monetary Fund (IMF) has revised its growth projection for Saudi Arabia upward to 3.1% for 2023
The International Monetary Fund report notes that the Saudi Arabian economy is expected to grow by 2.1% in 2021 and 4.8% in 2022, driven by increased government spending, a recovery in the non-oil sector, and the implementation of structural reforms.
OPEC maintains its previous projection for global oil demand in 2023.
OPEC has announced that it will keep its projection for global oil demand in 2023 unchanged, despite concerns over the pandemic’s impact.
Adnoc L&S increases its shipping fleet by acquiring five Very Large Gas Carriers
ADNOC’s purchase of five VLGCs from China’s Jiangnan Shipyard in Shanghai is a strategic move that will help the company to expand its gas business and enhance its L&S capabilities.
UAE shoppers tend to postpone purchases to avail special offers and discounts during Ramadan and Eid, according to a report, with 75% of them delaying purchases.
During Ramadan and Eid, shopping activity is heightened in the UAE as consumers purchase new clothes, gifts, and food items for their families and friends.
Dubai’s real estate market sees villa and certain apartment prices exceed the peak levels of 2014.
Dubai’s real estate market is witnessing an upswing, with villa prices increasing by as much as 50% since 2014 and certain apartment prices surpassing peak levels of 2014.
Adnoc Drilling lands $412 million contract for integrated drilling services.
Adnoc Drilling, the drilling services arm of Abu Dhabi’s state-owned oil and gas company Adnoc, has recently signed a $412 million contract with Saudi Aramco for integrated drilling services.
Abu Dhabi’s top-performing companies, including Fertiglobe, are generously rewarding their shareholders for their strong performances in 2022
Fertiglobe, Etisalat, and Abu Dhabi National Energy Company (TAQA) have all reported impressive financial results and proposed generous dividends to their shareholders.