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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 MMA players out to ‘prove themselves’

    Mixed Martial Arts became popular in the kingdom since 2014, when it hosted the regional Desert Force competition.

    The sport's popularity has since soared with the rise of fighters from across the Middle East and the establishment of a national MMA foundation to develop Saudi talent.

    Abdullah al-Qahtani and his Jeddah-based compatriot Mostafa Rashed Neda are set to compete in separate bouts in New York.

  • ‘Humanitarian workers play key role in restoring hope’

    "Humanitarian work knows no geographical or political boundaries; it does not recognize distinctions between cultures, nationalities, religions, and sects; and...

    Humanitarian workers, driven by their passion and dedication, work tirelessly to alleviate suffering, provide basic services, and restore hope to communities and individuals

    Humanitarian work transcends cultural, national, and religious borders and unites individuals in their noble quest to serve humanity, says Sheikha Hessa bint Khalifa Al-Thani

  • Saudi Arabia’s football rise ‘long-term project’, says top official

    The Saudi Pro League has a years-long commitment from the kingdom's rulers in its goal to become one of the...

    The Saudi league's rapid expansion has drawn comparisons with the Chinese Super League, which sucked in players for exorbitant sums until clubs hit financial problems.

    The no-expense-spared revamp is part of Crown Prince Mohammed bin Salman's ambitious Vision 2030 project, which aims to reshape the economy of the world's top oil exporter.

  • 25 teams attending Afro-Arab Esports League 2023 in Saudi Arabia

    Riyadh, Saudi Arabia -- The Afro-Arab Esports League, which opened Saturday in Saudi Arabia, will see participation from over 25...

    These teams will compete for three days in a variety of tournaments tailored for both men and women, covering popular games such as eFootball and Valorant.

    Prince Faisal bin Bandar bin Sultan said the arrangement of the Afro-Arab Esports League demonstrated of the sector's importance in both the Arab and African realms.

  • UAE beat New Zealand to win second T20 match

    Asif Khan finished off the job with an unbeaten 48 as he smacked New Zealand skipper Tim Southee for three...

    Set 143 to win after again choosing to bowl first, the UAE lost opener Aryansh Sharma without scoring before Waseem and Vriitya Aravind (25) steadied the innings

    Captain Muhammad Waseem struck four fours and three sixes in his 29-ball knock, which ended when he skied left-arm spinner Mitchell Santner to extra cover

  • Barbie film draws crowds in Saudi Arabia, generates buzz

    Riyadh, Saudi Arabia - After being banned in several Arab countries, blockbuster film Barbie in Saudi Arabia is drawing huge...

    The unexpected success of the film Barbie in Saudi Arabia has become a symbol of the dramatic societal changes taking place in the conservative kingdom

    Just a mere eight years ago, the country had no movie theaters and was known for strict enforcement of gender-based segregation and dress codes

  • Iran sentences film-maker over Cannes-selected movie

    The film-makers will only serve one-twentieth of their sentence, about nine days, while the remainder "will be suspended over five...

    "Leila's Brothers", a rich and complex tale of a family struggling with economic hardship in Tehran, has been banned in Iran since its release last year

    Saeed Roustaee and the movie's producer Javad Noruzbegi were found guilty of "contributing to propaganda of the opposition against the Islamic system"

  • ‘Barbie’ retains top spot at N.American box office for fourth week

    Los Angeles, United States - Warner Bros.' hit "Barbie" dominated North American box offices for a fourth consecutive week, industry estimates...

    Industry watcher Exhibitor Relations estimated this weekend's haul for "Barbie" at $33.7 million, bringing its domestic total to $526 million.

    Starring Margot Robbie as the iconic doll and Ryan Gosling as boyfriend Ken, "Barbie" has earned a whopping $1.2 billion worldwide.

  • Pokemon hooks kids, parents and investors

    YOKOHAMA, JAPAN - Dressed up and ready for battle, around 10,000 Pokemon fans have descended here this weekend, looking for fun...

    Ranging from Pikachu the mouse to Jigglypuff the balloon to the jackal-headed Lucario, there are now more than 1,000 different Pokemon characters.

    The Pokemon World Championships, being held this weekend in Japan for the first time ever, will see the world's best players of the video and the card game.

  • Riyadh to host Peace and Sport Middle East Forum in Oct

    Riyadh, Saudi Arabia -- For the first time, Riyadh will host the Peace and Sport Middle East Forum, powered by...

    The forum will be held under the theme, “Sport is an answer for peace”, at the Cultural Palace in Riyadh-based Diplomatic Quarter

    The kingdom will be hosting several big sporting events as it aims to attract foreign interest as it diversifies its economy away from oil