IHC net profit soars to US$8.9bn
The company's revenue for the year 2023 stood at US$16.33bn.
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...
Mubadala joins EIG-led consortium to acquire 49% stake in Aramco pipeline
The consortium is led by US-based energy investment firm EIG Aramco will retain the remaining 51% stake in the...
Off-farm activities a growing share of food-system greenhouse gas emissions
Greenhouse gas (GHG) emissions due to land use changes decreasing over the past 20 years Experts call for complementing...
Emirates NBD, Dubai’s largest lender, lists $750m bond on Nasdaq
The second offering for 2021 has increased NBD’s listed bonds to more than $5.1 billion. It was 2.3 times...
Coursera report ranks UAE 2nd globally for business skills
UAE government initiatives for promoting skills-based economy have a positive impact on the economy More women enroll for Science, Technology,...
Ajar partners with Visa for online rent collection in Kuwait, KSA, Bahrain
New system will replace cash and cheques with a convenient credit card transaction Payments can be made instantly, with real-time...
Abu Dhabi’s UEMedical partners with US private equity firm
The new investment would enable UE Medical to scale up its service offerings Olive Rock is based in Abu Dhabi...
Saudi’s PIF creates ME, NA investments division, 2 deputy governor roles
The Public Investment Fund (PIF), led by Governor Yasir al-Rumayyan, is at the heart of Saudi Arabia's plans to transform...
IHC net profit soars to US$8.9bn
The company's revenue for the year 2023 stood at US$16.33bn.
Company News
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Business
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Business
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Business
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...
Geostrategy
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...
Geostrategy
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...
Geostrategy
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Economy
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
Economy
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...
- 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
Arts & Culture
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