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Saudi’s Seera Mounts Comeback to Report Operating Profit for 2022
Driven by the resurgence in demand for travel, Saudi Arabia-based travel services provider Seera Group reported its first yearly post-pandemic operating profit of $800,000 in 2022, compared to a loss of $76 million in 2021. This return to profit for the group for the year was mostly bolstered by Seera’s financial results for the third quarter in which the group had reported a post-pandemic operating profit of $8 million. In 2022, the group generated gross booking value of $2.5 billion, a 94 percent growth relative to the $1.3 billion recorded in 2021. Almosafer, Seera’s travel platform, which operates the consumer and business travel business lines, as well as the destination…
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Xi Jinping’s credibility ‘badly wounded’ as China’s Covid death toll mounts
As an unparalleled coronavirus outbreak swept by China in December, President Xi Jinping remained generally silent on the overall health crisis in the world’s most populous nation. But during an annual pre-recorded New Yrs Eve tackle broadcast by state tv on Saturday, China’s most effective leader considering that Mao Zedong last but not least created a connect with for unity although defending his handling of the pandemic. “Since the outbreak of the epidemic, we have normally put people today initially and everyday living initially, adhered to scientific and exact prevention and command, optimised and modified prevention and control measures in accordance to the time and predicament, and maximised the defense…
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