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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.

GCC banks to maintain resilience in 2024, says S&P Global

Abu Dhabi, UAE--Despite geopolitical uncertainties and potential economic headwinds, S&P Global expects GCC banks to maintain their well-capitalised, profitable, and...

Emirates posts $5.5 b loss due to pandemic restrictions

  Group's dnata ground services at airports reported a loss of US$ 496, down from US$ 168 million profit in...

Undervaluation of work in progress is UAE construction sector’s biggest challenge

69 percent of those polled believe decisions on capital projects during construction phase marred by short-term approach British Business Group...

In North Africa, Moroccans most interested in second citizenship: UK firm

  Caribbean nation of St Kitts and Nevis most popular destination for Moroccan nationals 3 million people of Moroccan descent...

2.7m people petition WTO to give world population access to Covid vaccines

  The WTO has received a petition signed by over 2.7 million people from around the world calling for universal...

A majority of UAE companies believe artificial intelligence can cope with cyberattacks

  A Sophos report has said around 92% of IT teams in companies in the UAE said they expect Artificial...

Emirates Development Bank successfully closes $750-million five-year bond

EDB has successfully closed its $750-million five-year bond issue, which was four times oversubscribed The bonds were priced at a...

Dubai crown prince orders government procedures for doing business be cut by 30 percent

This is expected to improve Dubai’s, and in turn the United Arab Emirates’, position in the global Ease of Doing...

Two in three youths in Middle East have got insurance since Covid-19 pandemic started: Report

  Zurich International Life has said more than 63.3% people in the Middle East aged 18-34 claimed they purchased life...

$104 million program targets land degradation in Africa, Central Asia

  The program will bring 12 million hectares of drylands under sustainable land management Drylands cover over 40 percent of...

IT spending in insurance to grow at 6% CAGR by 2024

  Improving customer experience is the keystone for insurers 55% of insurers already have, or plan to develop a customer...

UAE and Jordan leaders discuss boosting economic, investment ties

Amman, Jordan-- The UAE and Jordan have explored opportunities for collaboration in the fields of economy, investment, food security, renewable...

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IMF slashes its growth forecast for China and eurozone

Marrakech, Morocco-- The International Monetary Fund on Tuesday cut its growth forecasts for China and the euro zone and said...

Samsung profits plunge

The company expects Q3 profits to fall nearly 80% to US$1.8bn.

UAE to sign six more CEPAs by year end: Al Zeyoudi

Dubai, UAE--The UAE will sign six new comprehensive economic partnership agreements (CEPA) with South Korea, Thailand, Chile, Costa Rica, Colombia,...

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Qatar urges the West to pressure Israel to stop attacks against Palestinians

Dubai, UAE--Condemning Israel's relentless bombardment of the Gaza Strip, Qatar's top diplomat has urged Western countries to exert pressure on...
  • Qatari foreign minister spoke with his Iranian counterpart on the phone and issued a call for an end to the violence
  • For his part, Iran's top diplomat said the intensification of the Israel's crimes would further complicate the situation in Palestine

Celebrities make Middle East peace appeals online

Anguished at the horrifying images coming out of the Gaza Strip and Israel, celebrities like Madonna and Mark Ruffalo have...
  • The appeal for peace from around the world comes at a time of upsurge in violence between Israel and Hamas
  • Many feel only dialogue could end the dispute in the Middle East and a free homeland for Palestinians alongside Israel

UAE to hold ‘Regional Cybersecurity Week’ to brainstorm plans to combat threats

Abu Dhabi, UAE--The UAE Cybersecurity Council will organise the Regional Cybersecurity Week 2023 from October 8-12, under the title "Cybersecurity...
  • The week-long conference will be held in cooperation with the International Telecommunication Union and the Arab Regional Cybersecurity Centre
  • More than 100 experts from 70 countries will take part in the conference to debate the best strategies and experiences in the field of cybersecurity