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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 central banks mimic Fed, hold interest rates steady

Abu Dhabi, UAE--In a significant move that underscores the interconnectedness of global monetary policies, central banks across the Gulf Cooperation...

Fahad Al Hassawi is CEO EITC

  Al Hassawi has been the company’s acting CEO since September 2020. During this period, he has guided the organization...

Driver Trett appoints a new UAE Country Manager

  Julian has 20 years’ industry experience working for major clients, contractors and consulting organizations He has an LLM in...

Arab National Bank renews partnership with Microsoft Arabia

  The agreement was signed by ANB’s chief operating officer, Ayed Al Zahrani and Microsoft Arabia's vice president of customer...

Zain KSA top performer in 5G services

  Zain KSA ranked first in the mobile 5G average download speed Company also a topper in the Fixed Internet...

WHO urges joint effort to provide vaccines, health supplies

  The WHO Council on the Economics of Health for All calls for joint effort to provide therapeutics, diagnostics, and...

UAE banks make profit again as economy picks up speed

  Top banks of UAE banks record more profit than last year Income rose by 85 percent during the first...

Saudi Arabia tops startup investment sector in May

  Saudi Arabia dominates startup investment sector during May In all nearly $110 million was raised across 35 deals over...

Saudi food company Tanmiah gets nod from regulator for share sale

  Tanmiah Food Company has won approval from CMA to sell 30 percent of company shares The food company employs...

GACA, Saudi Institute of Internal Auditors sign an agreement to implement performance quality assessment services

  The deal will see the implementation of quality performance evaluation services for GACA’s internal audit department The move will...

Saudi Aramco unveils first dollar sukuk bond

  The bonds will be issued in three tranches The deal will consist of three, five and ten year tranches...

Irbid chamber industrial exports up

The value of certificates of origin issued stood at US$65m.

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Total siege of Gaza ‘prohibited’ under international law: UN

Geneva, Switzerland--Israel's total siege of the Gaza Strip, depriving civilians of goods essential for survival, is banned under international law, the...

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...

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...

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UN voices concern over impact of Israel-Hamas war on food supply

The UN's World Food Programme expressed concern over the mounting challenges civilians, including vulnerable children and families, face in accessing...
  • The WFP has stocks of food ready for distribution to people displaced and in shelters
  • The UN agency appealed to all parties to uphold the principles of humanitarian law

Saudi Arabia and South Korea pledge to ramp up ties in various fields

Riyadh, Saudi Arabia-- Saudi Arabia and South Korea have pledged to strengthen cooperation in various fields.According to a press statement...
  • The crown prince and the president reviewed the pace of cooperation made in a wide range of areas since the Saudi leader's visit to South Korea last year
  • Last year, Saudi Arabia and South Korea pledged to strengthen cooperation in the fields of energy, defense, and infrastructure and construction

Art exhibition showcases deep cultural ties between Kuwait and Oman

Kuwait City, Kuwait--The art exhibition titled "Oman in the Heart of Kuwait" was inaugurated at the Kuwaiti Syndicate of Media...
  • Saleh Al-Kharusi, Oman's ambassador to Kuwait, said the exhibition serves as a testament to the enduring relationship shared by Oman and Kuwait
  • Nabil Al-Failakawi, Chairman of Kuwait's Syndicate of Media and Artists, underscored the spirit to forge and foster collaboration with artists throughout the Gulf region