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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.

Aramco, unit and Sinopec ink $4bn deal

The two companies will establish a joint venture company.

Etihad unveils new A321LR aircraft

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

stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

Saudi grants almost 450,000 metric tons of oil to Yemen

AL-MAHRA, YEMEN - The second batch of the new Saudi oil derivatives grant of 4,491,000 metric tons of diesel was...
  • The grant comes as part of the Kingdom's support for the Yemeni people under the directives of Saudi King Salman and the Crown Prince
  • It also comes as an affirmation of the Saudi Arabia's keenness to achieve security, stability and development for the Yemeni people

Dubai conference explore ways to nullify environment challenges

This is especially important with the ongoing preparations for the UAE to host the 28th Conference of the Parties by...
  • Important topics at the conference included the application of membrane technology and nano-technology in water treatment
  • The conference brought together global researchers, decision-makers, academics, and experts to discuss environmental and sustainability issues

GCC’s digital economy forging ahead rapidly, says Oman IT minister

Muscat, Oman - Saeed bin Hamoud Al Maawali, Omani Minister of Transport, Communications and Information Technology, has said that the...
  • He stressed the importance of promoting cooperation between the GCC and its international partners to increase the pace of digital transformation.
  • He also noted the need to enhance the cooperation between the UAE and Oman in developing the digital economy infrastructure.

UAE, Morocco discuss ways to boost cooperation in energy, industry

Rabat, Morocco - UAE and Morocco discussed ways of boosting their cooperation and investment opportunities in industry, economy, investments, culture,...
  • The discussion occurred between Sultan Ahmed Al Jaber, UAE's Minister of Industry and Advanced Technology and Aziz Akhannouch, Prime Minister of Morocco.
  • Al Jaber also held meetings with Riyad Mazour, Moroccan Minister of Industry and Trade, and Leila Benali, Moroccan Minister of Energy Transition and Sustainable Development.

UAE pledges full support to Jordan, condemns assault on its security

Abu Dhabi, UAE - The UAE has affirmed full support and solidarity with Jordan, stressing the importance of ensuring stability...
  • The Ministry of Foreign Affairs and International Cooperation (MoFAIC) expressed the UAE's support for all measures taken by the Jordanian government.
  • It said UAE condemns these criminal acts and its permanent rejection of all forms of violence and terrorism aimed at undermining security.

DEWA wins top award by UK based institute

Dubai, UAE - Dubai Electricity and Water Authority (DEWA) won the Best Creative Electricity and Water Solutions Brand by Global...
  • Saeed Mohammed Al Tayer, MD and CEO of DEWA, expressed his happiness with the award
  • DEWA received many accolades in excellence in 2021, including winning the Sheikh Khalifa Excellence Award (SKEA) in the Elite Category.

AD Ports signs pacts with Kyrgyzstan to promote trade with Central Asia

Abu Dhabi, UAE--- AD Ports Group has signed two major agreements with the Government of Kyrgyzstan to promote trade and...
  • Under the first pact, 300,000 sqm land within KEZAD will be secured to develop and operate a logistics hub and customs area.
  • Under the second agreement, Maqta Gateway will initiate a strategy for the Ministry of Finance for developing a customs and border management solutions.

Saudi fund launches program to assist real estate finance companies

Riyadh, Saudi Arabia---Saudi Arabia’s Real Estate Development Fund has launched a program to provide short and medium term financial facilities...
  • The kingdom aims to raise the percentage of home ownership to 70 percent by 2030 under its Vision 2030 program.
  • The financing program is also aimed at stimulating the mortgage market in line with the requirements of the Saudi Refinancing Company.

ADNOC Drilling to acquire rigs

The two offshore jack-up rigs will be bought for $200 million.
  • Since listing on the Abu Dhabi Securities Exchange in October 2021, ADNOC Drilling has expanded its fleet from 95 to 108 owned rigs, as of 30th September, 2022.
  • This rig purchase adds to earlier deals for a total of nine rigs signed in 2022 and four rigs acquired in 2021.

Governments of UAE, Egypt launch ‘Egypt Services Center’

ASWAN, EGYPT - The governments of the UAE and Egypt inaugurated the Egypt Services Center in the Aswan Governorate, which...
  • The inauguration is part of the strategic partnership between the two countries in government modernization.
  • The center will adopt a smart system to provide over 30 individual government services.

Chinese electric car company Nio to enter UAE this year

Chinese electric car company Nio plans to expand to the Middle East this year, CEO William Li said on an...

Latest News

Jordan takes steps to raise position in Global Food Security Index, says minister

AMMAN, JORDAN - Agriculture Minister Khaled Al-Hneifat said the ministry has been working hard over the past year to create...

Najran extends MoU with Ayan for Commerce & Industry

Jeddah, Saudi Arabia - Saudi Arabia's Najran Cement Company has announced the extension of its non-binding memorandum of understanding (MoU)...

Iranian warship enters Red Sea, reports media

TEHRAN, IRAN - Iran's Alborz warship has entered the Red Sea through the strategic Bab al-Mandeb strait, Tasnim news agency reported...

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Sheikh Hamdan issues resolution regulating single-use products in Dubai

DUBAI, UAE -  Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive...
  • The aim of the resolution is to protect the environment, encourage people to adopt an eco-friendly lifestyle.
  • The move also aims to encourage the private sector to promote the use of recycled products.

45 percent of Saudi employees work over 40 hours per week

Riyadh, Saudi Arabia -- Nearly 45.8 percent of employees in Saudi Arabia work more than 40 hours per week and...
  • Figures also show that 46.6 percent of employees have received training on health and safety procedures, and 48.7 percent have health and safety departments in their workplace.
  • Data also shows that 7.8 percent of employees deal directly or indirectly with chemicals, medical waste, radioactive materials or toxic gases.

Egypt leads Arab world in population with 113m citizens

DUBAI, UAE – Egypt stands as the most populous Arab country with 113 million people, marking it the 14th largest...
  • Iran and Turkey, with populations of 89 million and 86 million respectively, demonstrate substantial numbers in the Middle East region.
  • The data, highlighting population sizes of various countries worldwide, pointed out that the global population has reached 8.082 billion.