Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.

UAB nine-month profit rises 6%

Loan growth, lower impairment charges boost earnings

du 9M profit up 10.8%

Revenue grows as connectivity demand supports earnings

Al Rajhi Bank 9M profit up

Revenue growth lifts earnings despite higher provisions

Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Syria claims US responsible for military escalation in country

BEIRUT, LEBANON – The US is responsible for the military escalation in eastern Syria, where terrorist groups such as the...

In just 10 days of Expo 2020 organizers record more than 400,000 visits

It has been ten days since the Expo 2020 was kicked off in a grand celebration, and so far 411,768...
  • The visitors belonged to 175 nationalities and not far off the 192 countries participating in the event
  • Visitors to the global event could choose from multiple ticket options including Multi-Day and Season Passes

Iraq says it has captured Daesh finance chief

The Iraqi National Intelligence Service captured Sami Jasim outside the country after a complex operation.
  • Sami Jasim allegedly served as a deputy to former Daesh leader Abu Bakr al-Baghdadi
  • He supervised Daesh’s revenue-generating operations from illicit sales of oil, gas, antiquities, and minerals for some time since 2014 in Mosul

Now an ad from the lowest place on the Earth

The new ad posted on the Twitter handle of the Israeli Pavilion at Expo 2020 Dubai has been videographed in...
  • New ad of Israeli Pavilion at Expo 2020 has been shot in the middle of The Dead Sea
  • It is an imitation of the Emirates’ ad from the top of 828-metre-high Burj Khalifa

$1.3bn UAE-Mexico non-oil trade in 2020 shows strong trade ties: Minister

The non-oil trade between the UAE and Mexico totaling $1.3 billion in 2020 demonstrates a strong partnership between the two...
  • Both countries agree on new plans to reinforce economic cooperation.
  • UAE Minister of State for Foreign Al Zeyoudi holds a meeting with Martha Delgado Peralta, Deputy Secretary at Mexico's Ministry of Foreign Affairs.

Engicon lands Jordan partnership

Engicon has signed an MoU with the JPMC for a water treatment plant.
  • Engicon will supply, develop, and operate a phosphate water treatment plant in El-Sheidiyah mines
  • The treated water will be used for purposes of industry and agriculture, aimed to improve and preserve the region's ecosystems

OTO gets $3m from MEVP and Derayah

It is the 'largest seed' raised by a MENA SaaS firm.
  • OTO is currently offering its services in Saudi Arabia, UAE, Kuwait, Oman, Qatar, Bahrain, and Egypt.
  • The funding will help the company to grow its customers base across GCC and Egypt.

Qatar National Bank posts 8 percent jump in net profit to $2.83bn in 9 months of 2021

Qatar National Bank (QNB), the Gulf's biggest lender, posted an 8 percent increase in nine-month net profit to $2.83 billion,...
  • Loans and advances grew 7% in the period while total assets rose 10% to 1,084 billion riyals, it said in a statement
  • Operating income in the first nine months of 2021 grew by 8% to 20.7 billion riyals, it said

First Libyan flight in 7 years touches down at Cairo International Airport

A Libyan Airlines flight with about 255 passengers on board flew into Cairo International Airport, marking the first time in...
  • Flights between the neighboring countries had been suspended due to the conflict in Libya and the closure of its airspace to air traffic
  • Cairo International Airport organized a protocol celebration for the arrival of the Libyan Airlines flight

Dubai Police carries out region’s largest drug bust

The Dubai Police have arrested a man they say had smuggled 500 kg of pure cocaine, which has a street...
  • The police operation, codenamed Scorpion, led to the seizure of 500 kg cocaine
  • The cops said this was the region's largest drug seizure, and also resulted in an arrest

Business confidence in Dubai reaches third-highest level in 10 years: Survey

Business confidence in Dubai reached its third-highest level in 10 years as companies in the emirate begin to feel the...
  • A survey by Dubai Chamber said companies in the emirate begin to feel the positive impact of Expo 2020.
  • Global supply chain restrictions were identified as a key challenge for business leaders.

Syria claims US responsible for military escalation in country

BEIRUT, LEBANON – The US is responsible for the military escalation in eastern Syria, where terrorist groups such as the...

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‘Standardization key to enhancing quality of local products’

UAE Minister of Industry and Advanced Technology (MoIAT) Dr. Sultan bin Ahmed Al Jaber said that hosting the International Organization...

Mubadala discovers gas reservoir offshore Malaysia

Abu Dhabi, UAE---Mubadala Energy has discovered a good quality gas reservoir penetrated by the Cengkih-1 exploration well in Block SK320,...

OIC Secretary General meets US Ambassador-at-large for religious freedom

The two discussed ties between OIC and the United States in view of the strategic dialogue meetings which took place...

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Abu Dhabi leads GCC in integrated waste management

Abu Dhabi Waste Management Centre, aka Tadweer, processed more than 1,860,000 tons of waste, including 88,382 tons of medical and...
  • Abu Dhabi Waste Management Centre, aka Tadweer, processed more than 1,860,000 tons of waste, including 88,382 tons of medical and hazardous waste during the first half of 2022
  • During the first half of 2022, Tadweer successfully diverted 34% of all waste in Abu Dhabi away from landfills, and diverted 50% of waste resulting from demolition and construction

Kuwait renews support for peace initiative in Yemen

Kuwait has reiterated its support for a peaceful solution to the Yemeni conflict that can bring about peace and stability...
  • The sentiment was conveyed by Kuwait's Foreign Minister Sheikh Dr. Ahmad Nasser Al-Mohammad Al-Sabah to US Special Envoy to Yemen Tim Lenderking in a meeting
  • The US envoy informed the Kuwaiti top diplomat about the outcome of his recent trips to the region and the latest developments related to the situation in Yemen

OIC calls on UNSC to approve full UN membership of Palestine

The Secretary-General called for mobilizing all political and legal efforts to implement a long-term international consensus on a lasting solution...
  • The Secretary-General called for mobilizing all political and legal efforts to implement a long-term international consensus on a lasting solution to the Palestinian issue.
  • The OIC Secretary-General stressed the need to continue pressure on the UN Security Council to take practical measures to implement its resolutions on Palestine