Pakistan Receives Over $23 Billion Remittances
Pakistan recorded 6.4 per cent increase in remittances that hit an all-time high mark of $23.12 billion (Dh84.85 billion) during the financial year 2019-20, the latest data shows. Analysts and experts said a steady growth
Weatherford, IDC Team Up to Drill 20 Oil Wells in Iraq
Weatherford International has signed an 18-month contract with the Iraqi Drilling Company (IDC) to provide services and project management for the drilling and completion of twenty wells in the Al-Nasiriyah field in the Dhi Qar
GCC Prepare for Welcoming Passenger Flights
Bahrain said all travelers arriving in its international airport will be required to pay the cost of their mandatory coronavirus testing at $80 starting July 21, state news agency BNA reported. The health ministry said

Latest Business

Oman said it will operate 17 repatriation flights in July to multiple destinations as part of its efforts to return expats to their home countries amid the coronavirus pandemic, local ...
Lebanon wants to negotiate fuel imports with Kuwait to help Beirut cope with an economic and financial crisis, Lebanon’s internal security chief said in remarks published on Tuesday. Abbas Ibrahim ...
The UAE’s Ministry of Finance (MoF) has announced the completion of phase one of the transformation of the e-Dirham system, in cooperation with relevant ministries and national banks across the ...

PR Wire Publish your PR

Slideshows

1. Bassma Boussel Cosmetics

Bassma Boussel Cosmetics Founded by the Moroccan artist Bassma Boussel, who joined season 6 of star academy and is married to the pop star Tamer Hosni, Basma founded her signature cosmetics brand reintroducing renowned Moroccan oils and unique skin care minerals into daily use products. Basma is also a fashion designer, her ready-to-wear and bridal collections characterize global glamour by offering women her innate fashion sense, style and understanding of what looks and feels beautiful.

2. Rivage

Rivage, The salt, mud and water of the Dead Sea contains 23 minerals, 12 of which do not exist in any other sea in the world offering unique ingredients for skin products. Founded in 1996, Rivage produces skincare and hair blends from the unique minerals of the Dead Sea for all skin and hair types.

3. Camel Soap Factory

The Camel Soap Factory is an award-winning brand, based in Dubai in the United Arab Emirates. What started as a kitchen-based adventure for the founder Stevi Lowmass, has quickly grown to become a leading UAE skincare brand with loyal customers across the globe. Camel Soap Factory is now the world’s largest producer of camel milk-based skincare products with a wide range of handcrafted soaps.

4. Sophia Beirut

Sophia Beirut is a fashion label that came to life in 2016. In an attempt to make earrings for her friend, the designer Sophia created what she didn’t know would be the first piece of her collection. She gathered her inspiration from all things beautiful around her, such as travels, people, nature, timeless icons and indigenous artwork. Every Sophia Beirut piece is intricately handcrafted from carefully curated, top quality materials that are sourced from various cities. The focus of each collection is the wonderful women who find a connection with the brand; the modern women with a timeless style.

5. Amina's Natural Skincare

This colored with care brand was created in2000, inspired by a mother’s love for her son who suffered from severe eczema, and her obsession with soothing it. This mother enlarged her love to encompass all children and protect them from the dangers of chemicals found in skincare products. Amina’s Natural skincare use organic ingredients in producing natural skincare products.

6. Izil Beauty

Izil Beauty’s inspiration came from the founder’s own geographically and ethnically diverse country, Morocco; a country with rich and unique heritage. Special beauty rituals are a great part of this rich heritage; that Moroccan women have perfected throughout generations, rituals that use natural products made from the finest ingredients provided by the nature around them. Izil reproduces these rituals through providing top notch natural skin products

7. Petra Orfali

Petra Orfali Established in Amman in 2008 by Jordanian designer Petra Orfalli, it brings together modernity and authenticity through offering simple yet elegant designs with an oriental spirit and modern touch. Petra Orfalli designs have been spreading throughout the Middle East and the states and are gaining more and more popularity around the world presenting the culture of the orient.

8. Beesline

Beesline offers skin products made with natural extracts & bee by-products. It uses the ancient science of Apitherapy (bee therapy) and its rich resources: Honey, Beeswax, Royal Jelly, Propolis, combined with fresh botanical extracts, to safely and effectively take care of the skin; thus providing a powerful alternative to chemical cosmetics.

9. Native Dubai

Native Dubai is a high-fashion leather accessory label launched by Indian-origin couple Rachna and Rahul Malkani and manufactured in UAE, blending exotic leathers with sophisticated designs.

10 Joelle Paris

Joelle Paris Established by the famous beauty expert Joelle who presented a makeover program on TV and gave beauty advice for over a decade. With her own unique vision for beauty, Joell created a signature range of beauty products, with help from a dedicated team of beauty experts and a pioneering Parisian laboratory.These products provide all what’s needed for hair and skin care.

1. Bassma Boussel Cosmetics
2. Rivage
3. Camel Soap Factory
4. Sophia Beirut
5. Amina's Natural Skincare
6. Izil Beauty
7. Petra Orfali
8. Beesline
9. Native Dubai
10 Joelle Paris
1. Mansour Group - Egypt

1. Mansour Group - Egypt: The group was founded by Loutfy Mansour. Egypt’s Mansour Group has operations in over 100 countries. It is run by the Mansour brothers: Yasseen, Mohammed, and Yousseff Mansour. All three are billionaires with a combined net worth of $7.4 billion.

2. Al-Futtaim Group - UAE

2. Al-Futtaim Group - UAE: the group was founded in the 1930s and expanded rapidly in the 1940s and 1950s becoming an integrated commercial, industrial, and services organization. Al-Futtaim Group employs over 44,000 people and operates eight divisions comprising automotive, electronics, insurance, services, real estate, retail, industries, and overseas. Al-Futtaim ranked #1001 on Forbes World’s Billionaires list 2020 with a net worth of $2.1 billion.

3. Olayan Group - KSA

3. Olayan Group - KSA: The group was founded in 1947 by Suliman S. Olayan. The Olayan Group built its foundations in contracting and commerce in Saudi Arabia. The family owns 4.93% of Swiss bank Credit Suisse, and 18.24% of the Saudi British Bank. Real estate assets include 550 Madison Avenue in New York City, Knightsbridge Estate in London, and the Hotel Ritz in Madrid, as well as office, retail, and residential assets in Paris’s 8th Arrondissement.

4. Majid Al Futtaim - UAE

4. Majid Al Futtaim - UAE: Majid Al Futtaim Holding (MAF) was founded in 1992 by the billionaire Majid Al Futtaim. The retailing and entertainment behemoth currently owns and operates 27 shopping malls and 13 hotels. Majid Al Futtaim ranked #590 on Forbes World’s Billionaires list 2020 with a net worth of $3.3 billion.

5. Rashed Abdul Rahman Al Rashed & Sons Group - KSA

5. Rashed Abdul Rahman AlRashed & Sons Group - KSA: The group is a dynamic, leading conglomerate in Saudi Arabia. Founded in 1950 by Rashed Al Rashed. The group has 26 wholly-owned companies. It operates in seven business areas, including building materials, cement, and bulk materials, finishing materials, real estate, contracting, industrial products, automotive products, and food products.

6. Abdul Latif Jameel Group - KSA

6. Abdul Latif Jameel Group- KSA: The group was founded in Jeddah in 1945 by Abdul Latif Jameel as a small trading business. Ten years later, the group was appointed as a Toyota distributor and built the largest vehicle distribution network in the Kingdom. Its core operations are mainly in transportation, engineering and manufacturing, financial services, land and real estate, energy and environmental services, consumer products, and advertising and media sectors. The group has grown through various investments and acquisitions.

7. Al Ghurair - UAE

7. Al Ghurair - UAE: Al Ghurair’s portfolio includes Al Ghurair Properties, which manages several residential, office, street retail, industrial, and hospitality businesses. It established the Al Ghurair Centre in 1982, the first shopping mall in the MENA region. Al Ghurair Foods, operates the largest poultry farm in the U.A.E. and produces flour, semolina, and oats. Billionaire Abdulla Al Ghurair owns the holding company and founded Mashreq Bank, the largest private sector bank in the U.A.E. Founder, Abdulla Al Ghurair ranked #494 on Forbes World’s Billionaires List 2020 with a net worth of $3.7 billion.

8. Alghanim Industries - Kuwait

8. Alghanim Industries - Kuwait: It was founded by Yusuf Alghanim in 1932. Yusuf was a founding member of the Commercial Bank of Kuwait, the Kuwait National Petroleum Company, and the Kuwait Pipes Company. Today the group has over 30 businesses in six key segments—automotive, engineering, food, and beverage, industrial, consumer, and services. Among the famous brands under its portfolio are Costa Coffee, Wendy’s, GM, and Ford. Executive chairman Kutayba Alghanim is a billionaire, with a fortune worth $1.3 billion.

9. Al Ghurair Group - UAE

9. Al Ghurair Group - UAE: The group was founded by Saif Ahmed Al Ghurair in 1960. The BurJuman Centre in Bur Dubai is the group’s flagship property under its real estate portfolio. Its petrochemical business, Taghleef Industries, is among the largest global manufacturers of biaxially oriented polypropylene film used in food packaging. The group is also involved in metal manufacturing through Al Ghurair Iron and Steel, a producer of hot-dipped galvanized steel.

10. Zamil Group Holding - KSA

10. Zamil Group Holding - KSA: The group’s founder, Abdullah Hamad Al Zamil, first established his trade and services business in Bahrain in 1920. Today, Al Zamil Group owns shares of two publicly listed companies on Saudi Stock Exchange, Zamil Industrial and Sahara petrochemical. Zamil Industrial became the first family-owned company in Saudi Arabia to be listed on the Saudi Stock Exchange in 2002.

1. Mansour Group - Egypt
2. Al-Futtaim Group - UAE
3. Olayan Group - KSA
4. Majid Al Futtaim - UAE
5. Rashed Abdul Rahman Al Rashed & Sons Group - KSA
6. Abdul Latif Jameel Group - KSA
7. Al Ghurair - UAE
8. Alghanim Industries - Kuwait
9. Al Ghurair Group - UAE
10. Zamil Group Holding - KSA
1. Emirates Airlines:

Emirates Airlines: Emirates Airlines, which employs more than 38 thousand employees, decided to temporarily reduce basic salaries by rates ranging between 25 and 50 percent for the majority of its employees in the month of March, and many employees were dismissed as they saw that their jobs became redundant, and the company received In the period of suspension, half a million requests for refund of canceled trip money were canceled. It is worth noting that the company received government support to avoid losses and also resorted to borrowing from foreign banks. However, despite this, the company stated that it will not fully recover from the losses until 2024.

2. Etihad Airways

Etihad Airways: Due to COVID-19 outbreak, Etihad Airways has laid off hundreds of employees, including cabin crews after the forced lockdown and suspension of flights. The company also reduced salaries, as executives, pilots and engineers received 50% of their basic salaries, while cabin crews received 25%.

3. British Airways

British Airways: The national carrier in the United Kingdom is the largest airline in the Kingdom and the third largest airline in Europe. The company announced its plan to lay off 12,000 employees due to the repercussions of the COVID-19 outbreak, despite receiving aid from the British government to support salaries. Currently, the company reinstates a number of its employees, but with lower salaries, as the company requires the employees to renew the contracts to reduce their salaries between 50% and 75%. Those who refuse to sign the new contract will be fired.

4. Qatar Airways

Qatar Airways: the company laid off at least 20% of its employees and reduced the salaries of the oldest foreign pilots by 25%, and the salaries of others by 15%. It also suspended the operation of the Airbus A380 aircraft until late 2021. In March, the airline was still operating flights to 170 destinations on 234 aircraft. Today, it is only operating to 35 destinations.

5. Royal Moroccan Airlines

Royal Moroccan Airlines: It is the official carrier in Morocco, and one of the largest airlines in Africa. Royal Moroccan Airlines is awaiting an agreement with the state that will revive its budget so that it can fly again. At the same time, it is looking to reach an agreement with its employees that will lead to a reduction in wages or a reduction in their number. It is worth noting that the company's activity decreased 60% last March and 100% last April, and the company's losses reached $5 million per day. Its CEO, Abdelhamid Addou, expected that it would take about 3 years to return to the level of activity of last year.

6. Kuwait Airways

Kuwait Airways: It is the official carrier in Kuwait. Due to the pandemic, the company laid off 1500 employees. The process excluded Kuwaitis, GCC nationals, and those married to Kuwaitis or Kuwaiti women.

7. Lufthansa Airline

Lufthansa Airline: Lufthansa is the largest German airline with flights to 18 domestic destinations and 197 international destinations in 78 countries across Africa, the Americas, Asia and Europe. The company intends to terminate around 26,000 employees. The company also closed one of its subsidiaries with layoffs of 1,200 employees. The company was mulling filing for bankruptcy until Lufthansa shareholders approved a nine billion euro ($10 billion) government bailout package to protect the future of the German carrier, after it nearly collapsed by the Covid-19 pandemic.

8. Thai Airways

Thai Airways: It is the official carrier of Thailand. The company filed for bankruptcy in order to prepare a restructuring plan. As a result, the company will not receive financial assistance from the government and its 20,000 employees will not be laid off.

1. Emirates Airlines:
2. Etihad Airways
3. British Airways
4. Qatar Airways
5. Royal Moroccan Airlines
6. Kuwait Airways
7. Lufthansa Airline
8. Thai Airways
1. Saudi Arabian Oil Company (Saudi Aramco)- KSA

1. Saudi Arabian Oil Company (Saudi Aramco)- KSA: Ranked number 5 on the Forbes’ list: Global2000, The World’s Largest Public Companies, with a market value of 1684.8 Billion US Dollars.

2. Qatar National Bank (QNB) - Qatar

2. Qatar National Bank (QNB) - Qatar: Ranked globally number 190 with a market value of 43.7 Billion US Dollars.

3. Saudi Basic Industries (SABIC)- KSA

3. Saudi Basic Industries (SABIC)- KSA: Ranked 212 globally with a market share of 59.8 Billion US Dollars.

4. First Abu Dhabi Bank (FAB) - UAE

4. First Abu Dhabi Bank (FAB) - UAE: Global ranking is 303 with a market share of 34.4 billion US Dollars.

5. Saudi Telecom (STC) - KSA

5. Saudi Telecom (STC) - KSA: Ranked globally number 335 with a market share of 48.3 billion US Dollars.

6. Emirates NBD - UAE

6. Emirates NBD - UAE: Global ranking is 351 with a market share of 14.8 billion US Dollars.

7. Etisalat - UAE

7. Emirates Telecommunication Group Company PJSC (Etisalat) - UAE: Global ranking is 358 with a market share of 36.7 billion US Dollars.

8. National Commercial Bank - KSA

8. National Commercial Bank - KSA: Global ranking is 396 with a market share of 29.6 billion US Dollars.

9. Al-Rajhi Bank KSA

9. Al-Rajhi Bank KSA Global ranking is 473 with a market share of 38.1 billion US Dollars.

10. Saudi Electricity KSA

10. Saudi Electricity KSA Global ranking is 590 with a market share of 18.9 Billion US Dollars.

1. Saudi Arabian Oil Company (Saudi Aramco)- KSA
2. Qatar National Bank (QNB) - Qatar
3. Saudi Basic Industries (SABIC)- KSA
4. First Abu Dhabi Bank (FAB) - UAE
5. Saudi Telecom (STC) - KSA
6. Emirates NBD - UAE
7. Etisalat - UAE
8. National Commercial Bank - KSA
9. Al-Rajhi Bank KSA
10. Saudi Electricity KSA
1. Italy

1. Italy: Italy reopened its borders on June 3 to citizens of the EU, the UK, the Schengen area, Andorra and Monaco after the country's closure, which came into effect on March 9. Italy is the first European country to fully open its international borders, dropping the 14-day quarantine requirement for visitors.

2. Austria

2. Austria: Austria closed its land borders with Germany, Italy, Switzerland, Liechtenstein, Slovakia and the Czech Republic due to the spread of Coronavirus. Vienna plans to reopen its borders with Germany completely on June 15. Travellers need to provide a medical certificate that’s not more than 4 days old proving that they are free from COVID-19 infection.

3. Bulgaria

3. Bulgaria: Bulgaria issued an order allowing representatives of firms and companies registered in the EU and the Schengen area to enter Bulgaria without the requirement for 14-day quarantine starting May 22.

4. Croatia

4. Croatia: Croatia completely opened borders to nationals of 10 neighboring countries including Czech Republic, Hungary, Austria, Estonia, Latvia, Lithuania, Poland, Slovenia, Germany and Slovakia whose nationals will now not have to prove the reason for their entry into the Republic of Croatia. Entries will be recorded with the collection of additional data for epidemiological reasons.

5. Cyprus

5. Cyprus: Cyprus outlined plans for the phased resumption next month of commercial flights from a select number of countries with low COVID-19 infection rates to jump-start its vital tourism sector. The first group allows passengers from 13 countries to enter Cyprus providing a health certificate confirming that they are virus-free obtained no more than three days prior to their departure.

6. Czech Republic

6. Czech Republic: By the end of May, Czech Republic opened the borders with Germany, Austria, and with Slovakia and Hungary but with some restrictions. Residents of member states of the EU can enter to do economic activities, visit relatives or study at the university. Each passenger must provide a medical certificate that they are free of COVID-19.

7. Spain

7. Spain: Spain was one of the most hit countries with COVID-19. It officially closed its borders on March 17. However, borders will be reopened to tourists on July 1.

8. Switzerland

8. Switzerland: Switzerland, which imposed border closure on March 13, will reopen its borders with Germany, Austria and France on June 15 while all travel restrictions on the borders with Italy will remain in effect until further notice. The country can only be entered via Zurich, Geneva and Basel airports. Foreigners who don’t have residency or work permit are still not allowed to enter.

9. Netherlands

9. Netherlands: The Netherlands opened borders for travelers within the Schengen area. However, the government strongly advised travellers not to take unnecessary trips. It has announced several times on its website that "the Dutch government does not encourage travel of any kind and has invited everyone to stay at home".

10. France

10. France: France plans to reopen borders with EU Countries for non-essential travel and tourism on June 15 if the situation does not worsen with the possibility of not asking travelers for a quarantine period upon entry.

1. Italy
2. Austria
3. Bulgaria
4. Croatia
5. Cyprus
6. Czech Republic
7. Spain
8. Switzerland
9. Netherlands
10. France

Business Insights

Mind Your Own Business

You may also like