DUBAI: Saudi Electricity, the region's biggest utility, returned to profit in the first quarter helped by sweeping new reforms aimed at boosting its efficiency. The company reported net profit of SR1.69 billion ($450.4 million) compared to a loss of SR2.44 billion in the year-earlier period. Sales rose 17 percent to SR13.35 billion, the company said in a stock exchange filing
5/5/2021 2:37:42 PM GMT
Currencies & Metals wrapped a tourniquet around their bleeding.
Little to no movement in these markets this morning.
Good Day… And a Wonderful Wednesday to you! It’s also Cinco de Mayo! More on that in the wrap up at the end of the letter today… Yesterday it was May the 4th be with you, and today it’s Cinco de Mayo, and tomorrow it will just be May 6th… Oh well, just another day! But that’s tomorrow, we need to live for today! Because only today is promised to us… I, unfortunately, feel like death warmed over this morning, as my cold has taken a turn for the worst. Tommy Tutone greets me this morning with his song: 867-5309. Sort of like 634-5709 the R&B song from the 60 s!
DUBAI: British-Moroccan model Nora Attal strutted her stuff on a runway in the south of France for Chanel’s resort 2022 show on Tuesday.
The 21-year-old walked down the catwalk, staged in Carrières de Lumières – a series of vast chambers – in the sunny Les Baux-de-Provence, wearing two looks from the Parisian luxury maison’s latest offering.
For her first turn down the punk-inspired runway, Attal wore an all-black look that consisted of a fringed top, skirt and cape secured around her neck.
She later changed into loose grey trousers, paired with a striped bodysuit and a graphic shirt.
Nora Attal walks down the Chanel Cruise 2022 runway in France. Supplied
DUBAI: The United Arab Emirates National Emergency Crisis and Disaster Management Authority announced an extension of an entry ban for passengers traveling from India on Wednesday.
“NCEMA and Civil Aviation: Suspension of entry for travelers from India on all flights on national and foreign carriers, as well as for transit passengers coming from India, with the exception of transit flights traveling to the UAE and bound for India,” the authority tweeted.
UAE nationals, diplomatic missions, official delegations, business planes and golden visa residency holders will be exempt from the ban, NCEMA added.
Individuals who are under the exemption from the rule will have to present valid negative PCR tests no older than 48 hours before their flight, will repeat the PCR test at the airport, undergo a 10-day quarantine, and repeat the PCR test on the fourth and eighth day after arriving, the authority said.
DUBAI: Google has opened applications for the second round of its startup accelerator program in the Middle East and North Africa. The “Google for Startups Accelerator” is a three-month digital accelerator program for technology startups based in the region. It will run virtually starting mid-July this year. Only tech startups that have already raised seed funding are eligible