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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.

  • AlUla’s Jabal Ikmah listed on UNESCO’s Memory of the World Register

    AlUla, Saudi Arabia -- The United Nations Educational, Scientific and Cultural Organization (UNESCO) listed AlUla's Jabal Ikmah in its Memory...

    Jabal Ikmah is one of the most prominent historic sites in AlUla and is designated as one of the largest open-air libraries in the Arabian Peninsula.

    It includes hundreds of carved inscriptions and stone carvings along the mountain made in different eras and civilizations, some thousands of years ago.

  • Watch owned by China’s last emperor sells for $5m

    Emperor Aisin-Gioro Puyi had brought the watch with him to a Soviet prison camp where he was brought after the...

    Emperor at the age of two in 1908, Puyi was immortalised by Bernardo Bertolucci's Oscar-winning film but left a mixed legacy.

    A Patek Philippe "Grandmaster Chime" sold for $31 million in 2019. It is said to be the most complex timepiece the luxury watchmaker has ever created, with 20 complications.

  • Iraq artist battles to save old boating tradition

    The elegant water craft have long been vastly outnumbered by modern, motorised vessels and are threatened further as Iraq's waterways...

    Iraq must save "from extinction an essential facet of our civilisation which has existed for four or five millenia", said Salim, co-founder of Safina Projects

    The flotilla on the Tigris in Baghdad was a landmark event in Salim's efforts -- 18 of the boats took to the water on a spring afternoon as part of a cultural festival

  • Omani novelist’s book on water wins top Arabic fiction prize

    Alqasmi, who has published four novels and 10 poetry collections, is the first Omani winner of the prize, now in...

    Alqasmi, 49, will receive $50,000, and the prize committee will provide funding to translate "The Water Diviner" into English, organisers of the awards said

    In an interview for the prize's website, Alqasmi said the book had an additional focus: "on how women also caused changes in the life of the main protagonist"

  • NEOM’s first international exhibition held in Venice

    Venice, Italy - More than 20 of the world’s leading architects, designers, and future thinkers led a major opening event...

    Sir Peter Cook, Massimiliano Fuksas, Jean Nouvel and Ben van Berkel were among the world-renowned architects who joined CEO Nadhmi Al-Nasr on stage

    Set in the historic Abbazia di San Gregorio, one of Venice's oldest buildings, the exhibition's focal point is a large-scale 9x13m relief plan of NEOM set in the central courtyard

  • Art Dubai 2023 generates US$39m in economic impact, says new study

    DUBAI, UAE -  Art Dubai, the leading international art fair for the Middle East and Global South, on Sunday announced...

    The study showed that Art Dubai 2023 attracted a staggering 23,500 hotel nights bookings to Dubai.

    The event had the strongest-ever participation of regional and international institutional representatives.

  • 9000-year-old stone structures used as animal traps unearthed in Saudi

    Riyadh, Saudi Arabia -- A team of Saudi and international archeologists has discovered ancient hand-made stone structures at Al-Dhulayat Mountain...

    The discovery was part of an archeological survey conducted by the Heritage Commission in cooperation with the International Scientific Center.

    Plus One Magazine on Wednesday published a scientific paper indicating that these stone structures were used as huge stone traps for animals that date back to the prehistoric era.

  • Moroccan nomads keep alive ancient sport of sand hockey

    M'hamid El Ghizlane, Morocco -- In a Moroccan oasis town on the edge of the Sahara, nomads in turbans and tunics...

    Similar in many ways to field and ice hockey, but played barefoot and with palm wood sticks, the ancient game is called "mokhacha" in the local Hassani Arabic dialect.

    Forms of sand hockey are also enjoyed in Ethiopia, where it is called Genna, and in Tunisia under the name of Oggaf, according to the UK-based Hockey Museum.

  • Sheikh Khalifa: A legacy of progress and empowerment

    He continued his predecessor's remarkable legacy until his own passing on May 13, 2022. Under his leadership, the UAE flourished,...

    Under Sheikh Khalifa's leadership, the UAE fortified its prominent stature and assumed a leading regional and global role by fostering deep-rooted relations with numerous countries

    To secure prosperous future, Sheikh Khalifa initiated an era of empowerment by implementing long-term national strategies, initiatives, and plans including the Principles of the 50

  • Iraqi museum damaged by IS works toward reopening

    IS militants used sledgehammers and power tools to deface ancient statues and pre-Islamic treasures housed in the museum.

    A gaping hole remains in the floor of the museum's famed Assyrian gallery, caused by a bomb explosion.

    The artefacts are being revived with financing from the International Alliance for the Protection of Cultural Heritage in Conflict Areas (ALIPH).