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Masdar acquires Saeta Yield

The deal is estimated to be valued at $1.4 billion.

Boeing lifts wage hike to 30% 

The 30% general wage hike improves upon the 25% in the earlier offer.

ADNOC Distribution H1 dividend $350m

The total dividend for 2024 is expected to be $700 million.

TAQA launches new corporate identity

Abu Dhabi Energy Services will be renamed as TAQA Services.

Rightmove rejects £5.6bn Murdoch bid

The property website said the bid was undervalued.

Work-life imbalance, mental health hit women hardest

Despite widespread cultural and contextual differences, many women around the world are experiencing similar challenges in and out of the...

Elon Musk announces humanoid Tesla Bot

Musk said the robot would be five feet and eight inches tall, and that a prototype would be ready next...
  • Musk compared the current fleet of Tesla cars to “semi-sentient” beings
  • He then said whatever the vehicles are capable of could well be put into humanoid form

US’ Iran sanctions target Omani man, firms

The US Department of Treasury said the sanctions are on ‘individuals and businesses’ involved in a network that smuggled oil...
  • The US has sanctioned an Omani national Mahmood Rashid Amur Al Habsi, who it said helped smuggled oil out of Iran
  • On the list of sanctions are also two companies owned by Al Habsi, and a tanker used to ferry oil

$600m crypto theft case about to be solved?

DeFi platform Poly Network said on Twitter on Wednesday that the threat actor or actors had already returned cryptocurrency worth...
  • Poly Network on Tuesday identified the vulnerability that had been exploited to break into its platform
  • A threat actor named an entity named PolyNetwork Exploiter is now transferring funds back to the company

Saudi Central Bank to augment Islamic banking

The Saudi Central Bank or SAMA has launched two programs to augment Islamic banking through research and translation, local reports...
  • They are the Islamic Finance Research Support Program and the Islamic Finance Research Translation Program
  • Both programs are expected to offer cash prizes for the best research papers in various categories

Emirates ‘stewardess’ on top of Burj Khalifa

The new advertisement has gone viral on social media.
  • The 33-second ad shows what appears to be an Emirates stewardess atop the Burj Khalifa, the tallest building in the world
  • The woman is seen thanking the United Kingdom for removing the UAE red list and onto the amber one

Work-life imbalance, mental health hit women hardest

Despite widespread cultural and contextual differences, many women around the world are experiencing similar challenges in and out of the...

Company News

Latest News

DEWA 2023 net profit $2.15bn

The system demand for power surged to 56.5 TWh in 2023.

Stolen Van Gogh returned in IKEA bag displayed again

Rotterdam, Netherlands -- A precious Vincent van Gogh painting stolen and then handed to a Dutch art sleuth in an IKEA...

TECOM Group net profit up 49%

The company recorded its highest-ever revenue of AED 2.2 billion.

Most Read

NEOM announces its new luxury ecotourism destination Zardun

NEOM, SAUDI ARABIA - NEOM's Board of Directors has announced the launch of Zardun - an exclusive resort and natural...
  • This move will help in supporting NEOM's efforts to develop luxury ecotourism in the Kingdom.
  • Zardun Nature Resort will feature four ultra-luxurious buildings that will blend with the landscape.

Qatar’s IPI declines by 1.5 percent in November 2023

DOHA, QATAR – The Industrial Production index (IPI) of Qatar in November 2023 reached 91.7 points which is a fall...
  • The IPI, which is released by the Planning and Statistics Authority, is a short-term quantitative index that measures the growth of various industrial sectors in the economy.
  • The relative weight of main economic sectors under this indicator include mining (82.46 percent), manufacturing (15.85 percent), electricity (1.16 percent), water (0.53 percent).

Retail investors on Tadawul rise to 6.05 million in third quarter 2023

Riyadh, Saudi Arabia -- The number of individual investors on the Saudi Exchange (Tadawul) reached 6.05 million by the end...
  • Argaam reported that the number of male investors reached 4.48 million in Q3 2023, while the number of female investors grew to 1.58 million.
  • The number of portfolios, which is almost twice the number of investors, indicates that some investors have more than one investment portfolio.