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Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.

Emirates half-year profit $2.5bn

The record profit is subject to new 9% corporate tax for the first time.

KSA offers 30-year tax holiday for global corporations as regional HQ program fuels investment boom

The approaching 1 Jan deadline has seen investments on headquarters hit $242m in the first nine months of 2023 alone,...
  • In 2023, 46.7 percent of newly established headquarters operate in the Software & IT services sector.
  • The Regional Headquarters (RHQ) Program is an initiative jointly developed by the Ministry of Investment (MISA) and the Royal Commission for Riyadh City.

COP28: Halting global warming, financial aid for vulnerable nations on agenda

Dubai, UAE - The world is turning its attention to Dubai where COP28 gathers some of the world’s top leaders...
  • Climate change is an indiscriminate killer that has not spared a country or village when it comes to global heating or the increasing occurrence of devastating fires and storms
  • Global experts appear to agree that 2023 is likely the hottest year on record, thanks to excessive and unforgiving greenhouse gases in the atmosphere

COP28 faces challenge of phasing out fossil fuels amid policy discrepancies

With nations' actions falling far short of the Paris Agreement's most ambitious target of limiting global warming to 1.5 degrees...
  • For Guterres, who has made fighting climate change a major priority as secretary-general, a simple promise to reduce fossil fuels would not be enough
  • A phase-down "can be whatever, you never know exactly what it means -- to phase out means that at a certain moment, it stops," said UN Secretary General

SNB Capital ignites Saudi derivatives revolution

SNB Capital's Single Stock Options debut marks a leap forward, enhancing liquidity and expanding investor choices.
  • Tadawul transforms from a derivatives novice to a major player with diverse instruments, attracting global investors.
  • Launching Single Stock Options amplifies market liquidity, providing new investment avenues, and managing risks effectively.

Strains emerge in 72-year-old Türkiye-Israel trade ties

Amid Ankara's criticism of Israel's actions against Gaza and Israel reassessing diplomatic relations, the future of their oil and steel...
  • Amid Ankara's criticism of Israel's actions against Gaza and Israel reassessing diplomatic relations, the future of their oil and steel economic partnership becomes uncertain.
  • In 2022, Israel exported $2.34 billion worth of goods to Türkiye, while Türkiye's exports to Israel amounted to a substantial $7.03 billion, the latest trade figures point out.

Pre-Covid travel industry arrival figures are back but venture capital is experiencing delays    

The global tourism industry has turned the clock back to 2019 before COVID created a massive hole in worldwide passenger...

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Bullish Bitcoin: Halving looms, miners face squeeze

Bitcoin’s mass adoption is growing and projected in the next four years to have around 1 billion users.

GCC in the crossfire amid growing US-China tech war

Amid ongoing US-China technological rivalry, Gulf countries face crucial choices in balancing their economic and technological relations with both superpowers.

GCC in the crossfire amid growing US-China tech war

Amid ongoing US-China technological rivalry, Gulf countries face crucial choices in balancing their economic and technological relations with both superpowers.

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Investments strengthen Türkiye-GCC economic ties

The strategic partnerships, including substantial financial support from UAE and Qatar, mark a new era in Türkiye-GCC ties, promising to...
  • The strategic partnerships, including substantial financial support from UAE and Qatar, mark a new era in Türkiye-GCC ties, promising to significantly boost bilateral trade.
  • Türkiye-GCC relations are revitalized through billion-dollar deals and support for Turkey's post-earthquake recovery, aiming to triple trade with the Gulf by 2030.

KSA offers 30-year tax holiday for global corporations as regional HQ program fuels investment boom

The approaching 1 Jan deadline has seen investments on headquarters hit $242m in the first nine months of 2023 alone,...
  • In 2023, 46.7 percent of newly established headquarters operate in the Software & IT services sector.
  • The Regional Headquarters (RHQ) Program is an initiative jointly developed by the Ministry of Investment (MISA) and the Royal Commission for Riyadh City.

COP28: Halting global warming, financial aid for vulnerable nations on agenda

Dubai, UAE - The world is turning its attention to Dubai where COP28 gathers some of the world’s top leaders...
  • Climate change is an indiscriminate killer that has not spared a country or village when it comes to global heating or the increasing occurrence of devastating fires and storms
  • Global experts appear to agree that 2023 is likely the hottest year on record, thanks to excessive and unforgiving greenhouse gases in the atmosphere