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Alujain widens 2025 loss

The increase in loss is due to impairment charges, weaker prices.

Masar 2025 net profit $262m

Higher land plot sales boost revenue and operating income.

Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

After Gaza war, lawyer builds Palestinian case files

The 66-year-old lawyer has already filed dozens of cases with The Hague-based court since 2015 The cases represent Palestinian victims...

Realsmart launches blockchain-enabled real estate platform

Platform enables investors to buy security tokenized shares in world-class real estate on the blockchain It makes safe, fast, and...

HUAWEI Ads, ArabyAds partner to rejig on-device mobile advertising

The new collaboration allows ArabyAds to lead on advertising sales and optimisation of the inventory options available on Huawei Mobile...

Batelco revamps 5G packages for businesses

The enhanced packages, the company said, "deliver speeds 6 times faster than 4G" Batelco is also providing a 5G outdoor...

Saudi Arabia may build a new airport in pursuit of tourism goals

New airport would serve as base for new airline planned by country’s sovereign wealth fund Kingdom’s goal is to attract...

Beirut most expensive city for expats Middle East: Mercer

  Cost of living fell in most Gulf cities in 2021; Riyadh most expensive Gulf city Abu Dhabi and Dubai...

Jingle Pay first money service business with Shariah certification

The product has Shariyah Review Bureau certification Customers can opt for a fee-free Islamic account or a conventional one  ...

HSBC Saudi Arabia lead manager in ACWA power’s maiden Sukuk issuance

Final pricing lowest ever senior unsecured Sukuk pricing achieved by a corporate or bank issuer since 2017 HSBC Saudi Arabia...

Fertiglobe to join first-of-its-kind blue ammonia project in Ruwais

Final investment decision expected in 2022, and the start-up is targeted for 2025 The TA'ZIZ facility’s capacity will be up...

Dubai Health Authority introduces online health inspections

63 facilities inspected online in 21 hours against 84 hours normal inspections would have taken Online inspections also spared officials...

Arab countries public expenditure climbs to US$957.5bn in 2022: AMF

Abu Dhabi, UAE--The total public expenditure of Arab countries combined jumped by 9.8% to $957.5 billion in 2022, compared to...

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UAE president and Vietnam PM explore ways to boost ties

Riyadh, Saudi Arabia-- UAE President Sheikh Mohamed bin Zayed and Vietnamese Prime Minister Pham Minh Chinh have explored opportunities to...

Palms Sports posts Q3 profit

Its revenues rose 77% to US$92m in the same period.

ACWA Power signs deals

It entered into seven solar, hydrogen agreements in China.

Most Read

G42 and OpenAI partner to provide UAE with AI solutions

Dubai, UAE-- G42 has announced a partnership with OpenAI to deliver cutting-edge AI solutions to the UAE and regional markets.The...
  • The collaboration will leverage OpenAI’s generative AI models in domains where G42 already has deep expertise, like financial services, energy, healthcare and public services
  • Owing to the solutions created by G42, organisations in the UAE will be able to simplify the process of integrating AI capabilities into their existing enterprise landscapes

World must add or replace 80 million km of grids by 2040: IEA

Paris, France-- Achieving all national climate and energy goals will require adding or replacing 80 million kilometres of power lines...
  • The IEA said that unless policymakers act to improve and expand the world's electricity grids it could put reliable sources of electricity at risk
  • The report also identifies a large and growing queue of renewables projects waiting for the green light to be connected to the grid

Masdar City and Huawei sign MoU to power UAE’s transition to net zero

Dubai, UAE--Masdar City and Huawei have signed a memorandum of understanding (MoU) to enable the UAE to power its way...
  • The agreement will enable capacity-building in net-zero development, help reduce the carbon footprint of Masdar City’s information and communications technology infrastructure
  • The net zero framework will encourage organisations to reduce the energy demand of information and communications technology systems and operations while switching to clean energy