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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.
  • UAE creates a sustainable ecosystem to further enhance understanding of space, says astronaut

    He was speaking at an event hosted by Mohammed Bin Rashid Space Centre, where the details of the second crewed...

    The Mohammed Bin Rashid Space Centre has revealed details of the second crewed mission of the UAE Astronaut Programme to the International Space Station

    Sultan AlNeyadi is the prime astronaut while Hazzaa AlMansoori is a backup crew of the mission scheduled for launch on February 26

  • KSA, UAE play well as e-gaming trends across GCC

    The gaming markets in Saudi Arabia, the UAE and Egypt is expected to be worth $3.14bn by 2025, according to...

    The gaming markets in Saudi Arabia, the UAE and Egypt is expected to be worth $3.14bn by 2025, according to California-based market research and consulting firm Niko Partners

    By 2025, the GCC will contribute roughly 1.5 percent of the income generated by the global gaming sector as the industry is anticipated to grow at a CAGR of 22.5 percent

  • Saudi Arabia wins seat on FIFA Council; Qatar gets a position too

    Saudi Arabia has won a seat on FIFA’s ruling Council before being set to be confirmed as host of the...

    Qatar federation head Sheikh Hamad Al Thani, whose country hosts the Asian Cup next January, was elected to a FIFA position for the first time

    Saudi soccer federation president Yasser Almisehal was among six Asian officials elected by AFC members to represent them on FIFA council through 2027

  • Joseph the Blind heals Turkey’s troubled city

    The shop has kept the nickname of its founder, whose descendants moved to Istanbul in 1950, ceding the shop to...

    The shop "Joseph the Blind" established in 1891 has kept the nickname of its founder, a Chaldean Catholic of the Syriac rite.

    The first store was destroyed in 1977, said the herbalist Suleyman Onur.

  • Revenue from Saudi cinema may exceed $1bn by 2030

    The revenue of Saudi cinemas increased by 9.47% to approximately US$240 million until December 25, 2022, compared to 2021's revenue...

    The revenue of Saudi cinemas increased by 9.47% to approximately US$240 million until December 25, 2022, compared to 2021's revenue of US$232 million, a latest report points out

    Although the Saudi film industry is still in its infancy, the goal is to increase the number of local films shown in theaters to 70 per year by 2030

  • Justin Bieber sells music rights for $200 mn

    Contemporary stars including Justin Timberlake and Shakira have sold large stakes in their work - both also struck deals with...

    Hipgnosis did not publicly disclose terms of the deal, but a source close to the matter told AFP it was worth around $200 million

    The company said they acquired Bieber's interest in his publishing copyrights to his 290-song back catalog - all of his music released prior to December 31, 2021

  • Egypt archaeologists uncover 1800-year-old ‘complete’ Roman city

    Cairo, Egypt---Egyptian archaeologists said Tuesday they had discovered an 1,800-year-old "complete residential city from the Roman-era" in the heart of...

    The city, dating to the second and third centuries, is the "oldest and most important city found on the eastern bank of Luxor," said an official.

    Inside the workshops, researchers found a collection of pots, tools and "bronze and copper Roman coins."

  • Camel beauty contest season gets underway in Abu Dhabi

    Al Dhafra, UAE--The 16th Al Dhafra Festival has kicked off as part of the Emirate of Abu Dhabi’s camel beauty...

    The festival aims to preserve and develop heritage activities, and enable camel owners to continue the tradition of breeding and caring for camels

    The event will continue until February 2 at Madinat Zayed in Al Dhafra

  • Buzz Aldrin, second man on the Moon, marries on 93rd birthday

    LOS ANGELES, US - Legendary Apollo 11 astronaut Buzz Aldrin, the second person to set foot on the Moon, said he...

    Aldrin and Anca Faur, executive vice president of Buzz Aldrin Ventures, were wed in a private ceremony.

    The US astronaut is the last surviving member of the Apollo 11 mission, during which he and Neil Armstrong become the first people to set foot on the Moon, on July 20, 1969.

  • 16th Al Dhafra Festival to launch Sunday

    AL DHAFRA,  UAE - The competitions and concluding activities of the 16th Al Dhafra Festival will begin Sunday as part...

    The festival also enables camel owners to continue the tradition of breeding and caring for camels.

    The festival will also highlight the role of the camel in the Emirati and GCC’s culture.