OPEC Fund grants US$30m loan to Uganda to build key road link
Vienna, Austria--The OPEC Fund for International Development (OFID) has granted a US$30 million loan to support the development of a...
Economy
IHC net profit soars to US$8.9bn
The company's revenue for the year 2023 stood at US$16.33bn.
POSist sees growth rebounding in the Gulf in 2021
Pent-up demand may lead to vigorous recovery in Gulf travel, tourism, hospitality sectors in the second half of 2021...
Non-performing loans ratio for GCC banks up by 0.4%: KPMG report
Report provides banking industry leaders with analysis along with insights and forward-looking views Cost and operational efficiencies expected to...
Emirates Post advises customers to transact through its official app or website for payments
The reminder comes as part of its ongoing efforts to protect customers from accessing unauthorized payment gateways Emirates Post...
Dynabook Europe GmbH signs distribution deal with PC DealNet
PC DealNet to distribute B2B mobile computing products and services in UAE, Qatar, Bahrain, Oman, Kuwait, Lebanon and Jordan Formed...
Dubai to adopt WELL Health-Safety Ratings for buildings that are JOPs
DLD, through RERA, has reached an agreement on this with the International WELL Building Institute The rating system includes...
Dubai repays $500-million government bond certificates with interest
The government said the Fixed Rate Note was issued on June 22 in 2011, and reached maturity on the same...
DubaiNow app adds two more health services from DHA
The services will help people get Premarital Certificates and generating a Medical Record Number The DubaiNow app already provides users...
Abu Dhabi announces resumption of cruise liners
In 2019, 500,000 cruise visitors arrived in the Emirate’s ports, a 46% percent increase compared to 2018 Abu Dhabi...
Creation of North American camel association will help the sector: ICO
Number of camel ranches has grown in North America in recent years International Camel Organization founder had campaigned for...
BahwanCyberTek and TIBCO extend strategic partnership
Partnership, which began in 2016, extended till 2027 BCT will continue to handle TIBCO requirements for all local customers in...
OPEC Fund grants US$30m loan to Uganda to build key road link
Vienna, Austria--The OPEC Fund for International Development (OFID) has granted a US$30 million loan to support the development of a...
Economy
Company News
Latest News
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...
Business
Moro Hub and DDA sign MoU to safeguard Dubai’s information assets
Dubai, UAE--Moro Hub, the digital arm of DEWA, has signed a memorandum of understanding (MoU) with Digital Dubai Authority (DDA)...
Business
Gulf Navigation posts profit
Its net profit rose to US$9.53m in the first nine months of 2023.
Business
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Economy
Global CEOs rank political uncertainty as biggest risk to business
Dubai, UAE-- CEOs from around the world consider geopolitics and political uncertainty as the greatest risk to the growth of...
- The findings of the survey undertaken by KPMG noted that CEOs worried about the effect of political uncertainty on business growth
- The top-notch executives recognize AI’s seemingly limitless potential and are keeping their foot on the gas in terms of their investment
Business
Nakilat profit jumps 4.8%
The company's profit swelled to US$327 million in Q3 of 2023.
- Its earnings per share (EPS) amounted to QR 0.21 as of Sep. 30, 2023, versus EPS of QR 0.20 for the same period in 2022
- The company, in March, obtained approval to raise the ceiling for non-Qatari ownership in the company's capital to 100%
Geostrategy
Iran president warns of escalation in war in Palestine
Tehran, Iran-- President of Iran, Ebrahim Raisi, has warned of an escalation in the war in Palestine if in his...
- The Iranian president said the situation can become more complicated and the battle will broaden if Israel's crimes are not ceased
- Nearly 2,269 people, including over 700 Palestinian children, have been killed so far and 9,814 others injured in Israel's bombing