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DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.

GCC leaders explore regional growth and opportunity at Doha investment meet

The burgeoning creator economy presents an unprecedented opportunity for GCC to outpace global cities and establish itself as the epicenter...

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.
  • Sarzha Grain Terminal will see a total investment of just over US$50 million over the two phases, with AD Ports Group contributing around US$30 million.
  • With phase 1 scheduled for completion in the second half of 2026, Sarzha Grain Terminal is set to enhance global food trade.

Fifth Aramco facility receives WEF Global Lighthouse Network tag

Dhahran, Saudi Arabia -- Aramco's North Ghawar Oil Producing Complex has become the company's fifth facility to be added to...
  • Aramco said that only industrial sites that successfully deploy 4IR technologies at scale are admitted to the prestigious network.
  • WEF said UAE's EGA, named End-to-End Value Chain Lighthouse, undertook a 4IR transformation to further increase its cost-competitiveness.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.
  • PIF said in a statement that the capital investment aims to enhance Saudi Re’s growth potential by adding to its financial capacity and further strengthening its credit rating.
  • In the first nine months of 2024, Saudi Re's total written premiums reached SAR 1.94 billion ($520 million).

Non-institutional foreign ownership in Tadawul-listed firms up slightly

Riyadh, Saudi Arabia -- Non-institutional foreign investors increased their stake in Tadawul-listed equities, excluding Saudi Aramco, from 9.70 percent to...
  • The ownership increased from 9.70 percent to 9.72 percent, equivalent to SAR 334.55 billion, during the week ending January 9.
  • GCC investors’ ownership in Saudi equities, excluding Saudi Aramco, declined from 2.27 percent to 2.18 percent of the total market capitalization.

Cyber landscape complexity deepens cyber inequity, gap between organizations: WEF report

The complexity arises from the rapid growth of emerging technologies, prevailing geopolitical uncertainty and the evolution of threats, says WEF's...
  • The complexity arises from the rapid growth of emerging technologies, prevailing geopolitical uncertainty and the evolution of threats.
  • It also arises from regulatory challenges, vulnerabilities in supply chain interdependencies and the growing cyber skills gap, the report said.

World economic growth to remain at 2.8 percent in 2025: UN report

The World Economic Situation and Prospects (WESP) 2025 report shows that despite withstanding a series of mutually reinforcing shocks, global...
  • It said that positive but somewhat slower growth forecasts for China and the United States will be complemented by modest recoveries in the European Union, Japan, and Britain.
  • US growth was expected to moderate from 2.8 percent last year to 1.9 percent in 2025 as the labor market softens and consumer spending slows.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.
  • The LPP and compression facilities will be located within ADNOC Gas’ Habshan 5 plant, part of one of the world’s largest integrated gas processing complexes.
  • The largest contract, valued at $1.24 billion for the LPP, was awarded to a consortium consisting of Engineering for the Petroleum and Process Industries (ENPPI) and Petrojet.

Dubai vs Doha: The Battle for Creator Economy Supremacy and Innovation in the Middle East

Dubai’s aggressive initiatives like the 1 Billion Followers Summit and specialized creator visas put it ahead in attracting global talent,...
  • Dubai is aggressively positioning itself as a global hub for the creator economy, leveraging infrastructure, regulations, and location
  • Doha’s Qatar Media City aims to attract media and digital companies, establishing the city as a regional innovation hub

Qatar’s real estate department records weeklong deals worth $71 million

Doha, Qatar -- Real estate sales contracts worth 251.25 million qatari riyals were registered with the emirate's Real Estate Registration...
  • During the Dec 29-Jan 2 period, the total sales contracts for the real estate bulletin for residential units reached QR 10.57 million.
  • The properties traded for sale included vacant lands, residential homes, apartment buildings, shops, residential complex, and residential units.

Saudi Industrial Production Index increases by 3.4 percent in Nov 2024

Riyadh, Saudi Arabia -- Saudi Arabia's Industrial Production Index (IPI) increased by 3.4 percent in November 2024, compared to Nov...
  • This increase is driven by growth in mining and quarrying, manufacturing, water supply, sewerage, and waste management and remediation activities.
  • The sub-index of mining and quarrying activity increased by 1.2 percent, and the sub-index of manufacturing activity increased by 7.2 percent.

DAE net profit up 36.2%

Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

Latest News

Women in Tech Global and UN Women launch “Beyond Ceilings” campaign on women’s empowerment 

The "Beyond Ceilings" campaign urges people to confront and challenge the glass ceiling, and reminds the audience of the vast possibilities that await women once they overcome...

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

Non-institutional foreign ownership in Tadawul-listed firms up slightly

Riyadh, Saudi Arabia -- Non-institutional foreign investors increased their stake in Tadawul-listed equities, excluding Saudi Aramco, from 9.70 percent to...

Cyber landscape complexity deepens cyber inequity, gap between organizations: WEF report

The complexity arises from the rapid growth of emerging technologies, prevailing geopolitical uncertainty and the evolution of threats, says WEF's...

Most Read

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.
  • The LPP and compression facilities will be located within ADNOC Gas’ Habshan 5 plant, part of one of the world’s largest integrated gas processing complexes.
  • The largest contract, valued at $1.24 billion for the LPP, was awarded to a consortium consisting of Engineering for the Petroleum and Process Industries (ENPPI) and Petrojet.

Dubai vs Doha: The Battle for Creator Economy Supremacy and Innovation in the Middle East

Dubai’s aggressive initiatives like the 1 Billion Followers Summit and specialized creator visas put it ahead in attracting global talent,...
  • Dubai is aggressively positioning itself as a global hub for the creator economy, leveraging infrastructure, regulations, and location
  • Doha’s Qatar Media City aims to attract media and digital companies, establishing the city as a regional innovation hub

Qatar’s real estate department records weeklong deals worth $71 million

Doha, Qatar -- Real estate sales contracts worth 251.25 million qatari riyals were registered with the emirate's Real Estate Registration...
  • During the Dec 29-Jan 2 period, the total sales contracts for the real estate bulletin for residential units reached QR 10.57 million.
  • The properties traded for sale included vacant lands, residential homes, apartment buildings, shops, residential complex, and residential units.