Riyadh Emerges as Escape Hub for Super-Rich Fleeing UAE After Iran Strikes
With airspace across parts of the Middle East locked down and thousands of flights cancelled or delayed, King Khalid International...
Geostrategy
Six Middle East cafés feature in the world’s 100 best coffee shops 2026 list
Six coffee shops from the Middle East have secured places in The World’s 100 Best Coffee Shops 2026 list, highlighting...
Business
Business
flydubai adds two Saudi destinations
Flights to Al Jouf Airport and Red Sea Airport to start from April 18.
- flydubai has built a network of 129 destinations across 58 countries and is served by a fleet of 86 Boeing 737 aircraft.
- Since the start of 2024, flydubai has inaugurated operations to Langkawi, Mombasa and Penang and has announced the start of flights to Basel, Riga.
Arts & Culture
SeaWorld Yas Island, Abu Dhabi wins Guinness World Records
ABU DHABI, UAE – SeaWorld Yas Island - the region’s first Marine Life Theme Park here -, has won a...
- SeaWorld Yas Island has won the Guinness World Records for being the “Largest Indoor Marine-Life Theme Park” in the world.
- The certificate was presented to Mohamed Abdalla Al Zaabi, Group CEO of Miral, and the SeaWorld Abu Dhabi leadership.
Business
ESA, SAP ink agreement
ESA will consolidate operations under a single ERP solution
- ESA will benefit from a streamlined and integrated system, improving visibility and control over all of its operations.
- ESA will be using an integrated supply chain model that eliminates process silos, predicts disruptions.
Business
CATRION 2023 profit up 10%
The company said that net profit, however, dropped 35% in Q4.
- The company' board has announced a cash dividend of SAR90 million for the second half of 2023.
- The company's revenue increased from SAR 1.818 billion in 2022 to SAR 2.133 billion in 2023, due to the inflight catering segment as well as non-aviation catering services.
Geostrategy
Middle East oil policies not dictated by US, says Russia
MOSCOW, RUSSIA – US will no longer be able to dictate oil prices in the Middle East, Director of the...
- The US cannot dictate prices, although they would like to as the world is becoming a multipolar one, a Russian official said.
- "This multipolarity is expressed in particular in the existence of the group of countries known as OPEC+," he added.
Business
Tabreed approves record dividend
The cash dividend of 15.5 fils per share was okayed at Tabreed's AGA.
- As disclosed in the company’s recent full-year results for 2023, this represents an increase of 15 percent over the previous year.
- Tabreed’s AGA also confirmed the appointment of two new board members: Geert Bunkens and Marion Deridder Blondel.
Business
Masdar to buy stake in Terra-Gen
Masdar to buy 50 percent stake in Terra-Gen from ECP.
- Masdar’s US portfolio of utility-scale wind, solar and storage assets has a generating capacity of over 1.4 GW.
- The US market will play a vital role as Masdar plans to build a renewable energy portfolio of 100 GW capacity by 2030
UAE announces monthly allowance of 50% of basic salary for imams, muezzins
Abu Dhabi, UAE - United Arab Emirates has announced a provision of a monthly financial allowance equivalent to 50 percent...
- Dr. Omar Habtoor Al Darei, Chairman of GAIAE, noted that this initiative is a gesture of appreciation from the President
- Imams and muezzins, he added, diligently uphold a conducive environment of worship and serenity
Business
Sovcomflot 2023 net profit $900m
In 2023, the firm demonstrated strong financial results.
- The company's revenue increased by 22.6 percent in 2023
- Sovcomflot’s operating profit in 2023 doubled to $1.16 billion.
Economy
Non-oil sectors contribute 50% to Saudi Arabia’s real GDP in 2023
RIYADH, SAUDI ARABIA – Non-oil activities in the Kingdom have achieved a historic milestone, reaching a 50 percent share of...
- This translates to a non-oil economy valued at US$$453 billion (SAR1.7 trillion) at constant prices.
- Non-oil economy is valued at $$453 billion at constant prices, fueled by growth in investment, consumer spending and exports.
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Riyadh Emerges as Escape Hub for Super-Rich Fleeing UAE After Iran Strikes
With airspace across parts of the Middle East locked down and thousands of flights cancelled or delayed, King Khalid International...
Geostrategy
Company News
Borouge Q2 net profit $193m
Business
Latest News
Creators HQ attracts 2,415 active members from 147 countries with combined following of over 2 billion
Dubai, UAE – Creators HQ, the first headquarters for content creators in the UAE and the Middle East, has seen...
Economy
UAE Cyber Security Council: Over 12,000 Wi-Fi breaches recorded in UAE since start of year
Abu Dhabi, UAE -- The UAE Cyber Security Council (CSC) has warned of the serious risks posed by using open...
Science
Creators HQ attracts 2,415 active members from 147 countries
Dubai, UAE -- Dubai’s Creator HQ, the first headquarters for content creators in the UAE and the Middle East, has...
Business
Most Read
Geostrategy
ATP and Saudi Arabia’s PIF launch new tennis tech platform
NEW YORK and RIYADH — The ATP Tour, in a landmark partnership with the Public Investment Fund (PIF), has unveiled...
- Next-generation analytics platform set to revolutionize player performance and level the playing field across all levels of the sport.
- Groundbreaking partnership with PIF accelerates the development and scale of ATP Tennis IQ, ushering in a new era of data-driven excellence.
Science
Austrian university develops technique to renew buildings without demolition
Vienna, Austria - A research team from Graz University of Technology in Austria has succeeded in developing an innovative fastening...
- The system enables the connection and disassembly of building components with ease, allowing the separation of long-term structural elements from shorter-lived components
- The project won the gold medal in the scientific research competition under the sustainability category and is regarded as a pioneering step towards smart construction
Economy
US developers report half of new electric generating capacity will come from solar
Washington, United States - Developers added 12 gigawatts (GW) of new utility-scale solar electric generating capacity in the United States...
- Battery storage, wind, and natural gas power plants account for virtually all the remaining capacity additions for 2025, the survey noted
- About 27% (3.2 GW) of the solar capacity added so far in 2025 is in Texas, and developers plan to bring another 9.7 GW of solar online in Texas in the second half of this year