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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

Ajman real estate transactions reach $560 million in March

Ajman, UAE --  Real estate transactions in Ajman reached AED 2.06 billion ($560 million) in March 2025, marking a significant...

UAE non-oil foreign trade up by 14.6% in 2024 to reach $816bn

Abu Dhabi, UAE -- UAE's non-oil foreign trade increased by a record 14.6 percent in 2024, compared to 2023, reaching...
  • He said that of all the positive indicators, the most encouraging is the increasing contribution of non-oil exports to UAE's foreign trade.
  • Last year, they climbed 27.6 percent in to reach a record AED561.2 billion – nearly 70 percent of the AED800 billion target.

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.
  • EBITDA climbed 14 percent year-on-year to $2.48 billion, driven by a 4 percent year-on-year revenue increase to $6 billion.
  • Sales volumes reached their highest-ever level of 5.3 million tonnes, supported by strategic positioning in high-growth markets across Asia, the Middle East and Africa.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.
  • The JV will make strategic investments in the metals and mining sector to enhance supply chain security locally and globally.
  • The joint venture will invest in a diverse range of metals and minerals in various geographies, focusing initially on emerging markets in Africa, Asia and Latin America.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.
  • It acquired the 73.73% controlling interest after selling assets from Alpha Dhabi Hospitality Holding and Murban Energy Limited to NCTH in exchange for shares.
  • The deal Alpha Dhabi Holding’s investment in the domestic and international luxury hospitality sector and involves the transfer of four key hotel assets.

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.
  • The contract is aimed at creating Dubai’s next iconic waterfront destination, with completion scheduled for Q4 2027, the company said.
  • Bluewaters Bay will feature two residential towers linked by a dynamic podium, offering 678 apartments, ranging from one to four bedrooms, including penthouses.

Fourth Industrial Revolution centers announced for Riyadh, Muscat, Pretoria

Davos, Switzerland -- The World Economic Forum (WEF) has announced signing agreements for three new Centers for the Fourth Industrial...
  • The upcoming centers in Muscat, Pretoria, and Riyadh will tackle critical global challenges with innovative solutions tailored to national and regional needs.
  • Additionally, the WEF announced that the C4IR United Arab Emirates has been renewed.

2025 IT Security Predictions

Cloudflare, a leading connectivity cloud company recently published an Op-Ed by Grant Bourzikas, CSO, tackling IT security predictions for 2025
  • Hyper-focus on “digital transformation” over the past few years has left security in the dark
  • As disinformation continues to plague society, it will begin to trickle into AI models

GCC equity markets ended 2024 in positive territory

Five of seven GCC equity market indices under coverage ended 2024 on the rise, according to an in-depth report on GCC equity...
  • DFM led its peers, wrapping up 2024 with an annual rise of 27 percent
  • GCC traded values rose at an annualized rate of about 29 percent in 2024,

18 Palestinians killed in Israeli strikes on northern, southern Gaza

Palestinian news agency (WAFA) reported that eight Palestinians were killed, and others were injured in an airstrike by the Israeli...
  • In Khan Younis, in southern Gaza Strip, six Palestinians were killed, and others were injured in an airstrike by the Israeli forces targeting a building in the city center.
  • Moreover, three Palestinians, including a woman, were injured when Israeli aircraft bombed a school sheltering displaced people northwest of Nuseirat in central Gaza Strip.

NDMC arranges $2.5bn credit facility

The Shariah-compliant facility spans a tenure of three years.
  • It is aimed at financing the general budgetary needs and was secured with the participation of three regional and international financial institutions.
  • The arrangement of these credit facilities aligns with the Kingdom's medium-term public debt strategy, aimed at diversifying funding channels.

Etihad unveils new A321LR aircraft

A321LR features First Suite - a private, enclosed space with a sliding door.

Latest News

ADNOC Drilling approves $788m dividend

The final cash dividend of $394m for 2024 was approved at the AGM.

Borouge proposes share buyback

The company had posted a 24% YoY increase in net profit to $1.24bn.

DAE to acquire 17 aircraft for $1 bn

This portfolio comprises 100 percent next-generation aircraft

Most Read

Meraas awards $544m contract

It has been awarded for construction of Design Quarter at d3
  • It includes the first residential community within Dubai Design District (d3), a global creative and design ecosystem.
  • Scheduled for completion by mid-2027, the Design Quarter at d3 comprises a collection of 558 apartments.

Tech and sustainability drive Singapore’s smart tourism vision

To realize its vision for “smart tourism”, Singapore Tourism Board is leveraging cutting-edge technologies like artificial intelligence, data analytics, and...
  • STB’s Tcube, a hybrid innovation space launched in 2021, has helped tourism businesses introduce tech solutions, including Al, into their operations.
  • More than 1,100 tourism companies have benefited from Tcube programs. Its Singapore Tourism Accelerator has supported 47 start-ups to develop 58 industry solutions across 6 cohorts

Salik 2024 net profit before taxes $348m

The toll operator's revenue increased by 6% to $626 million.
  • The company said that EBITDA for the full year reached AED1.6 billion, a 13.6 percent YoY growth.
  • The Board of Directors proposes a dividend of AED619.8 million to be paid during H1 2025 (equivalent to 8.2645 fils per share).