Gyr Pure Ultra White falcon sold for $300,000 at Abu Dhabi exhibition
Abu Dhabi, UAE -- The sixth round of auctions at the 2026 Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX)...
Arts & Culture
Qatar PM heads to Tehran as regional diplomacy intensifies
US President Donald Trump said on Wednesday that he was in “no hurry” to resume talks with Iran, arguing that...
Geostrategy
Science
Saudi varsity enters Guinness records for world’s largest dental hospital
Riyadh, Saudi Arabia -- King Saud University (KSU) has achieved a new global milestone by entering the Guinness World Record...
- The King Saudi University dental hospital has a total area of 37,165 square meters.
- The university's medical city provides treatment services through its three campus hospitals and eight affiliated centers of excellence.
Geostrategy
US draft UNSC resolution supports temporary Gaza truce: Report
Dubai, UAE -- The United States has proposed a rival draft resolution at the United Nations Security Council, emphasizing its...
- The proposed resolution echoes the language US President Joe Biden's said he used in his recent discussions with Israel's Prime Minister Benjamin Netanyahu.
- Washington has been hesitant to use the term "ceasefire" in UN actions regarding the Israel-Hamas conflict and shielded Israel from UN action.
Business
SIB approves 10% cash dividend
The bank appointed Dr Al Saadi as Sharia Supervisory Committee member.
- Al Owais said SIB posted a net profit of AED851.5 million, an increase of 31 percent compared to AED650.9 million in 2022.
- He added that net operating profits saw an increase of 29 percent to reach AED1.3 billion, compared to AED1.0 billion for the previous year.
Arts & Culture
London hosts showcase for world’s biggest grand opera in Arabic
London, United Kingdom -- The production operations of Zarqa al-Yamamah Opera, the first grand opera to be produced by Saudi Arabia...
- The Zarqa al-Yamamah Opera is set to begin in Riyadh in mid-April and extend to multiple local and international performances.
- Zarqa Al-Yamamah is a legendary character in Arab history during the pre-Islamic era.
Business
solutions to pay 60% cash dividend
The company posted a 13 percent rise in net profit for 2023.
- The profit increase was mainly due to the SAR 587 million uptick in gross profit, as revenues grew year-on-year (YoY) by 25.4 percent.
- In Q4 2023, net profit fell 17.8 percent to SAR 162 million from SAR 197 million in Q4 2022.
Business
Tabreed 2023 revenue up 9%
The company reported a net profit of $204 million.
- Tabreed’s Board of Directors has recommended a record high dividend payment of 15.5 fils per share in cash.
- Net cash from operating activities totaled AED 1.31 billion in 2023 (AED 1.35 billion in 2022), while free cash flows increased by 8 percent to AED 1.21 billion.
Business
AD Ports Group net profit up 6%
Revenue growth driven by ports, logistics, and digital clusters.
- The Group said it more than doubled year-on-year to AED11.68 billion, up 58% YoY to AED 8.71 billion on a like-for-like basis.
- General cargo volumes rose by 26 percent YoY to reach 40 million tons in 2023, compared with 31.7 million tons in 2022, 13 percent YoY on an LFL basis.
Business
ADNOC and bp to form gas JV
The JV is expected to be completed in the second half of 2024.
- Under the JV, bp will contribute its interests in three development concessions, as well as exploration agreements, in Egypt.
- ADNOC will make a proportionate cash contribution which can be used for future growth opportunities.
Business
$1.39bn credit facility for Cenomi Centers
The Shariah-compliant facility was secured with several banks.
- The new arrangements consist of a 12-year term sustainability-linked Murabaha facility in two tranches as well as a revolving four-year renewable Murabaha facility.
- The arrangements will help Cenomi to support its growth plans by contributing towards existing facility repayments.
Business
NMDC Group net profit $585m
The Group's revenues surged 56 percent to $4.54 billion.
- The Group's assets reached AED 20.8 billion in 2023, up from AED 16.0 billion in 2022.
- In Q4 2023 alone, NMDC reported revenues of AED 5.7 billion and a net profit of AED 0.64 billion.
Gyr Pure Ultra White falcon sold for $300,000 at Abu Dhabi exhibition
Abu Dhabi, UAE -- The sixth round of auctions at the 2026 Abu Dhabi International Hunting and Equestrian Exhibition (ADIHEX)...
Arts & Culture
Company News
Latest News
Iran begins funeral ceremonies for Khamenei as Tehran prepares for massive show of unity
Millions are expected to gather in the Iranian capital over the coming days, with senior regional leaders attending ceremonies that...
Geostrategy
Iran warns US, Israel against attacks as Khamenei funeral preparations begin
The warning came as US-Iran diplomacy remained on track after Doha talks. Iran's deputy foreign minister said the Doha negotiations...
Geostrategy
Qatar’s foreign investment jumps 52% as 2025 projects reach record levels
Qatar attracted $3.4 billion in foreign direct investment across 373 projects in 2025, a 52% increase in new investments from...
Business
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Geostrategy
Trump says Iran denuclearization ‘moving along well’ as Doha talks continue
Technical negotiations continue over shipping, sanctions and ceasefire implementation as mediators work to translate the June accord into practice.
- Iran warns it will respond immediately to any threat as Israeli rhetoric raises tensions despite ongoing diplomacy.
- Shipping and aviation authorities maintain heightened security measures around Hormuz amid concerns the ceasefire remains fragile.
Geostrategy
US, Iran continue indirect contact in Doha as officials trade barbs over talks
The envoys' presence follows US President Donald Trump's announcement on Monday that Iran had requested a meeting in the Qatari...
- South Korea's Oceans Ministry said the HMM-operated bulk carrier Namu, damaged in a May attack in the Strait of Hormuz, will exit the strait in late July.
- Democratic Representative Rashida Tlaib said she would support a bill to block roughly $3.3bn in military aid to Israel.
Business
Emirates becomes first airline cargo carrier to deploy Boeing 777-300ERSF
Dubai, UAE -- Emirates is marking a significant milestone in the expansion of its cargo fleet by becoming the first...
- The aircraft (A6-EBK) will enter commercial service with a flight from Hong Kong to Dubai carrying over 100 tones of cargo.
- The converted Boeing 777-300ERSF is the sixth new freighter, following five Boeing 777-F production freighters, to join Emirates SkyCargo’s fleet since March 2026.