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DAE 9M net profit $310m

The company said this was a 54.9 percent YoY increase in net profit.

ADNEC to acquire ‘Royal Catering’

Royal Catering has more than 2.500 employees.

PIF sets up sarcc company

The new entity will address growing staff accommodation demand.

Boeing to cut 10% of workforce

The company has projected a large third-quarter loss.

AviLease acquires 9 aircraft from Avolon

AviLease had purchased 13 aircraft from Avolon in 2023.
  • Saudi-backed Newcastle face Champions League reality check

    Manchester, United Kingdom - Newcastle must overcome the might of Paris Saint-Germain and a mounting injury list if the Magpies' first...

    Damaging back-to-back defeats to Borussia Dortmund have left Eddie Howe's men sitting bottom of a devilishly difficult Group F

    Newcastle are aiming to follow in the footsteps of Manchester City as a state-backed project that can go onto dominate English football and conquer Europe

  • Villa, Maldini visit Jeddah to promote FIFA Club World Cup 2023

    Jeddah, Saudi Arabia -- Football stars David Villa and Paolo Maldini visited Jeddah today to promote the 2023 FIFA Club...

    The two stars met with football fans at the FIFA Club World Cup Saudi Arabia official pre-tournament roadshow on Jeddah Corniche.

    The roadshow aims to boost fan engagement leading up to the tournament through an array of fun activities.

  • Irish author Paul Lynch wins 2023 Booker Prize for fiction

    London, United Kingdom - Irish author Paul Lynch won the 2023 Booker Prize for fiction on Sunday for his novel "Prophet...

    Lynch pipped five other shortlisted novelists to the prestigious award for his dystopian work about an Ireland that descends into tyranny

    The prize is one of the world's top literary awards and has propelled to fame countless household names, including Salman Rushdie, Margaret Atwood and Hilary Mantel

  • Head breaks India hearts as Australia win sixth World Cup title

    Ahmedabad, India -- Opener Travis Head hit a sparkling 137 to power Australia to a record-extending sixth World Cup title with...

    Chasing a tricky 241 for victory in the final, Australia slipped to 47-3 before the left-handed Head hit his second century of the tournament to steer the team home.

    Head's knock and his marathon stand of 192 with Marnus Labuschagne, unbeaten on 58, ended India's dominant run of 10 unbeaten matches at the event.

  • $120m Picasso: Auction houses eye monster sales

    Sotheby's and Christie's will be moving a host of big-ticket lots, though they may still have a hard time topping...

    Fifty years after his death, Pablo Picasso is expected to be one of the blockbusters this season with the sale of a major work: "Femme a la montre", or "Woman with a Watch"

    At Sotheby's, Monet's "Peupliers au bord de l'Epte, temps couvert" (1891), a depiction of poplars along the river Epte, is expected to fetch $30-$40 million on Monday

  • 200,000-year-old hand axe found in Saudi Arabia’s AlUla region

    AlUla, Saudi Arabia -- The Royal Commission for AlUla (RCU) has announced that the archeological excavation teams at the Qurh...

    It is a strong tool, made of soft basalt stone 51.3 cm long, that could have been used for cutting or chopping. Studies are still conducted to identify the purpose of its use.

    The ancient tool was discovered by a team of archeologists from the heritage consultancy TEOS Heritage, which is exploring the area around Qurh, south of AlUla.

  • Educational institutions are shaping UAE’s tomorrow

    "Dubai's schools attract students of various nationalities seeking holistic education. These schools emphasize well-rounded education, with a sports culture enhancing...

    DSC Chairman Sheikh Mansoor emphasizes the role of sports in education for shaping the UAE's future.

    The vitality and joy imbued in young minds through sports hone innate talents and intellects, he adds.

  • Esports scores big for Saudi economy, culture & jobs

    The Kingdom, with its passion for sports and tech, is set to reshape the competitive gaming landscape by hosting the...

    The Kingdom, with its passion for sports and tech, is set to reshape the competitive gaming landscape by hosting the world's premier Electronic Sports World Cup from 2024.

    By 2030, Esports is set to add US$13.3bn to Saudi GDP, with 67% of Saudis into electronic gaming, potentially creating 39,000 jobs, and producing 30 world-class games.

  • 2,700-year-old sculpture unearthed in Iraq

    Erected at the entrance to the ancient city of Khorsabad, the sculpture shows the Lamassu, an Assyrian deity with a...

    It was commissioned during the reign of King Sargon II who ruled from 722 to 705 BC and erected at the city's gates to provide protection.

    "I never unearthed anything this big in my life before," said the dig's French leader Pascal Butterlin.

  • Phallus and the boar: Turkey digs yield clues to human history

    For researchers, the carved statue of a man holding his phallus with two hands while seated atop a bench adorned...

    Necmi Karul, who heads the prehistory department at Istanbul University, found the toppled statue of Karahantepe man that was broken into three sections

    At Gobekli Tepe, archaeologists found a 1.2 mete long by 70-centimeter-tall depiction of a boar, with red eyes and teeth as well as a black-and-white body