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BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

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.

UAE stocks see US$1.7bn inflow, IHC, Emaar lead

ABU DHABI, UAE- The  UAE stock markets attracted liquidity of nearly AED6.5 billion during the week's trading, with the focus...
  • The weekly liquidity in the Abu Dhabi market was US$1.2 billion (AED4.57 billion).
  • The weekly liquidity in the in the Dubai market was US$517 million (AED1.9 billion).

CBI, zypl.ai ink partnership

The pact aligns with CBI’s plan to support innovation in UAE.
  • CBI, zypl.ai partnership signifies a strategic entry into using AI implementation for advanced credit scoring.
  • CBI plans to further enhance operational efficiencies to ensure a swift and seamless lending experience.

UAE suspends coordination of humanitarian aid with Israel

Dubai, UAE - The United Arab Emirates (UAE) has decided to halt its coordination of humanitarian aid with Israel following...
  • According to reports, the Emirati foreign ministry has expressed its outrage to the Israeli ambassador Amir Hayek over the death of seven World Central Kitchen workers in Gaza
  • Efforts to address the situation are underway, with Israel's Foreign Minister, Israel Katz, engaging in a phone conversation with his Emirati counterpart, Abdullah bin Zayed

Saudi Arabia offers 50% discount on accumulated traffic fines before April 18

Riyadh, Saudi Arabia - The Saudi Ministry of Interior has announced a significant measure aimed at reducing the burden of...
  • The objective is to incentivize offenders to settle their fines within a six-month window from the commencement of the initiative
  • Payment options include either clearing all fines at once or settling each fine individually, provided there are no additional safety-related violations

ahli islamic introduces Sharia-compliant Money Market Fund

MUSCAT, OMAN – As part of its investment solutions and Sharia-compliant products and services, ahli islamic, ahlibank’s Islamic banking window,...
  • ahli islamic customers now have the opportunity to invest and gain exposure to attractive local and regional profit rates.
  • With its lucrative returns, the new Islamic Money Market Fund is for those seeking Sharia-compliant investments.

Saudi Arabia offers 6 mining opportunities for local, international investors

Riyadh, Saudi Arabia - The Saudi Ministry of Industry and Mineral Resources on Wednesday announced six new mining opportunities for...
  • The opportunities are part of the fifth round of mining competitions for exploration licenses and encompass gold, copper, zinc, lead, and silver ores
  • Investment opportunities for exploration licenses include Al-Halahila site in the Najran region, estimated to be more than 34 square kilometers in size

Rising threat: DDoS attacks demand proactive defense

"Threat actors can employ artificial intelligence (AI) and machine learning (ML) algorithms to identify vulnerabilities and adapt their tactics in...
  • DDoS attacks have evolved from simple nuisances to highly sophisticated and coordinated assaults, posing a significant threat to online businesses
  • Today's attackers use various techniques, including amplification attacks, which exploit internet protocol vulnerabilities to multiply attack traffic, making mitigation challenging

EasyLease buys stake in United Trans

This helps EasyLease expand its presence in mobility sector.
  • United Trans has been at the forefront of transforming the regional transport spectrum.
  • The company collaborates with major global organizations across all modes of transport.

flynas receives 50th jetliner out of 120 Airbus A320neo ordered

RIYADH, SAUDI ARABIA – flynas, the Saudi air carrier and the leading low-cost airline in the Middle East and the...
  • The deal with Airbus was a strategic step for flynas, consolidating its position as a leading low-cost airline in the Middle East.
  • The company is moving forward in its plan to double the fleet size after getting approval to purchase 250 aircraft.

SAMA: E-payments share reached 70% of total payments in 2023

Riyadh, Saudi Arabia -- The Saudi Central Bank (SAMA) announced on Monday that the share of retail consumer electronic payments...
  • The achievement is attributed to the significant growth of payments processed through national payment systems in 2023
  • The evolving cost-effective and reliable e-payment system helps enhance transaction efficiency, and support financial stability

UAE backs Egypt’s Ras El Hekma megaproject, aims for $110 billion investment

Abu Dhabi, UAE - The UAE Ministry of Investment (MoI) announced today its support and key role in the advancement...

Latest News

Dubai welcomes record 9.31 million visitors in first half of 2024

Dubai, UAE - Dubai has reinforced its position as a global tourism leader by welcoming a record 9.31 million international...

Pre-tax net profit of Dubai Financial Market rises 74% to $53m in H1 2024

Dubai, Saudi Arabia - Dubai Financial Market (DFM) today announced its consolidated financial results for the period ended June 30,...

GCC countries host nine million Indians, UAE alone home to 3.55 million

New Delhi, UAE - The number of Indians living in the Gulf Cooperation Council (GCC) countries has crossed nine million,...

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Defiant Netanyahu to face US Congress amid Biden’s withdrawal

US Secretary of State Antony Blinken, using an American football image, said Friday that negotiators were "inside the 10 yard...
  • Israel's longest-serving premier will on Wednesday become the first foreign leader to address a joint meeting of the two chambers four times
  • But analysts say the Gaza war since the October 7 Hamas attacks has created worrying tensions between Israel and the United States

Saudi Arabia constitutes center for promoting moderate Islam: North Macedonia Mufti

Skopje – Islamic Union President and Republic of North Macedonia Mufti Sheikh Hafiz Şakir Fetahu stressed that Saudi Arabia has...
  • He expressed gratitude to Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud
  • The president praised the Kingdom's government for its significant and extensive services to the Two Holy Mosques and their visitors, including pilgrims and Umrah performers

Saudi Arabia’s tourist spending reaches $40bn: minister

Saudi Arabia’s Minister of Tourism Ahmed Al-Khateeb highlights the upcoming launch of a tourist visa aimed at drawing more international...
  • Passenger air traffic in Saudi Arabia rose by 17 percent in the first half of 2024, reaching 62 million compared to 53 million in the same period last year
  • This growth was aided by a 12 percent increase in flights, with 446,000 recorded compared to 399,000 in the first half of 2023