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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.

UAE and UK seek to boost economic cooperation

Abu Dhabi, UAE-- Looking to enhance economic ties between the UAE and the United Kingdom, Abdulla bin Touq Al Marri,...

Red Sea International appoints Khalid Fagih as MD and CEO

RSI banking on Khalid's 26-year track record to catapult its operations by developing products and services, improving performance Company had...

Approach tax authority to redress problem, UAE tells penalized defaulters

UAE tax authorities have assured penalized tax-law violators that they can apply to have the penalty reduced or exempted To...

Telal Gents Fashion achieves Guinness World Record for largest mobile clothing store

UAE-based Telal Gents Fashion has set a Guinness World Record for the largest mobile clothing store The company converted a...

Saudi King Abdullah Port names new CEO

Jay New is an industry veteran with a 20-year career in the ports and shipping He will oversee the day-to-day...

PwC, Microsoft join hands to boost cloud adoption in Qatar

PwC and Microsoft are extending their global collaboration to “accelerate digital transformation and cloud adoption in Qatar” The move that...

Helios to set up $1bn green ammonia plant in Abu Dhabi

The plant will produce 200,000 tonnes of green ammonia, expected to reduce CO2 emission by 600,000 tonnes annually An 800-megawatt...

UAE will only allow residents vaccinated against Covid-19 to attend functions

Residents have also to produce a negative Covid test within 48 hours The UAE has administered over 12 million doses...

Draft budget for 2022-2026 reviewed

The meeting explored the projections of federal cash flows for 2022 The fiscal policies governing financing of capital projects also...

Dubai foresees 49% recovery in air travel in 2nd half

  Only 1.8 billion travelers took to the skies in 2020, as against 4.5 billion in 2019 Pandemic caused 50%...

Saudi Arabia grants 30,000 commercial registrations to women this year alone

To receive a commercial registration, applicants must be at least 18 years old, not be a government employee Registrations were...

UAE and UK seek to boost economic cooperation

Abu Dhabi, UAE-- Looking to enhance economic ties between the UAE and the United Kingdom, Abdulla bin Touq Al Marri,...

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UAE and Barbados look to deepen trade, energy ties

Bridgetown, Barbados-- The UAE and Barbados have discussed prospects for bolstering bilateral cooperation, particularly in climate action and renewable energy,...

Old Doha Port signs many agreements during Monaco Yacht Show

Monaco, Monaco--The Old Doha Port has signed several agreements with professional global companies, specialized in yacht during its participation in...

Saudi Arabia projects 2024 budget deficit at 1.9% of GDP

The kingdom's finance ministry estimated expenditures for 2024 to be at US$333.5 billion. According to the ministry, the projection is...

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Saudi Fund for Development and Seychelles sign US$25m loan agreements

Riyadh, Saudi Arabia-- The Saudi Fund for Development (SFD) has signed two loan agreements with Seychelles to support the social...
  • The SFD will contribute $25 million to support the social housing project in the Seychelles and the reconstruction of La Digue School project
  • The fund has so far implemented 700 development projects and programs in more than 90 countries with a value surpassing $18.7 billion

Qatar and Libya sign MoU to boost cooperation in civil aviation

Tripoli, Libya-- Qatar and Libya have signed a memorandum of understanding (MoU) to boost cooperation in the field of civil...
  • The MoU is a component of joint efforts by the two countries to deepen bilateral relations in the aviation sector
  • It is also designed to enhance ways of cooperation in the field of security and safety, and exchanging experiences

UAE Council review cybersecurity in Jordan summit

Amman, Jordan - The UAE Cyber Security Council discussed cybersecurity in the inaugural Jordan Cyber Security Summit 2023, known as...
  • The DOT Cyber Summit 2023 explored issues related to cyber policies and strategies, international issues related to cyber risks and threats faced by countries.
  • This includes mechanisms for addressing and combating their spread, and reviewing the experiences of countries and their progress in the field of cyber security.