UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

Tech-empowered shoppers drive Saudi consumer behavior: PwC

Riyadh, Saudi Arabia -- Saudi Arabian consumers are navigating the market with heightened awareness, becoming better-informed buyers, according to the...

Lebanese economy in a fix as PM-designate Hariri steps down

Lebanon's prime minister-designate Saad Hariri stepped down Thursday, saying he was unable to form a government, nine months after accepting...

Scientists convert paralyzed man’s brain waves to speech

In a world's first, US researchers have developed a neuroprosthetic device that successfully translated the brain waves of a paralyzed...

ADNEC acquires DoubleTree By Hilton London ExCel

ADNEC has added a new hotel to its portfolio: the DoubleTree By Hilton London ExCel.

Shelling by Syrian regime forces kills 9 civilians in idlib: monitor

3 children among the deceased, according to Syrian Observatory for Human Rights

Eid holidays in Abu Dhabi: ITC won’t charge for Darb or parking

The toll gate system or Darb in Abu Dhabi will not charge anything during Eid al Adha holidays beginning 19...

ENOC Misr to blend, fill lubricants at Egypt plant

A three-year partnership between ENOC Misr, a joint venture between Proserv. Egypt Group and the UAE’s ENOC, will allow the...

What ails restaurant sector in Kuwait?

*Shortage of qualified workers, delay in vaccination and timing restrictions are affecting the sector negatively *Small restaurants and cafes especially...

Emirates Development Bank allocates $8.17m to finance SMEs via Beehive

Emirates Development Bank has signed an agreement with peer-to-peer platform Beehive to expand funding options for the small and medium-sized...

Hyde to develop a five-star hotel in Dubai, first outside the US

Hyde will work with Emerald Palace Group to develop the property The hotel will be located in Business Bay For...

Kurdish authorities in Syria slam UN aid crossing vote as unfair

UNSC unanimously approves an extension of humanitarian aid to a rebel-held part of Syria through the Bab Al-Hawa crossing from...

WhatsApp update allows posting status updates via Instagram

Washington, United States -- The instant messaging platform WhatsApp launched a new update that includes an optional feature that allows...

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OIA invests in US battery firm ONE

ONE is focused on high-density LFP-based batteries.

ADCB prices $650m green bond

The bond will be used to finance eligible green assets.

ADEX and National Bank of Egypt sign $100m financing agreement

This is aimed at supporting UAE export transactions to Egypt.

Most Read

Saudi construction sector employs 3 million workers

GCC countries employ close to 20 million foreign workers, who are subject to vastly different conditions and wags compared to...
  • The Gulf Cooperation Council countries have a high reliance on foreign labor. In 2020, foreign workers accounted for 60 percent of the total labor force.
  • GCC countries face high unemployment among nationals, shortage of skilled labor and a mismatch between the skills of nationals and the requirements of the labor market.

21 agreements and MoUs signed at Saudi-Italian Investment Forum

Milan, Italy -- The Saudi-Italian Investment Forum, jointly organized by the Saudi Ministry of Investment and the Italian Ministry of...
  • The 21 MoUs and agreements signed during the Forum encompassed the sectors of energy, clean energy, healthcare, real estate, waste management, technology, and manufacturing.
  • In 2022, the non-oil bilateral trade value between the Kingdom and Italy reached approximately SAR 5.6 billion (1.4 billion Euros), demonstrating significant growth potential.

Mubadala, Petrobras sign MoU

The two parties will explore potential investment in a biofuel project.
  • The biofuel project currently being developed by Mubadala Capital in the State of Bahia, Brazil.
  • The MoU builds on biorefinery project to produce renewable diesel and sustainable aviation fuel derived from Macauba, a native Brazilian crop.