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ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.

Saudi Crown Prince meets Jordanian PM in Riyadh

Earlier on Monday, Jordanian-Saudi ministerial meetings were held to discuss bilateral cooperation in various fields.
  • Earlier on Monday, Jordanian-Saudi ministerial meetings were held to discuss bilateral cooperation in various fields
  • The two sides also reaffirmed their joint keenness to leverage available and joint opportunities in various fields

Turkey discovers 150m barrels of oil reserves worth $12bn: Erdogan

Erdogan said Ankara aims to increase its daily production to 100,000 barrels by the centennial of the Republic of Türkiye.
  • Erdogan said Ankara aims to increase its daily production to 100,000 barrels by the centennial of the Republic of Türkiye
  • The newly discovered oil reserves have been named after Gendarmerie Esma Cevik, who was killed clearing mines on Gabar Mountain

Dubai races ahead to be global epicenter for crypto

While the crypto ecosystem still reels from the collapse of FTX, and investor apprehension about the future of the digital...
  • The UAE is the third largest cryptocurrency market in the Middle East, behind Turkey and Lebanon, with a transaction volume of roughly $26 billion
  • The emirate demonstrated its willingness with VARA to be the first country to have the regulation to oversee the crypto sector rather than curbing it

Saudi communications ministry inks MoU with Huawei

Under the terms of the agreement, the Ministry and Huawei will collaborate to realize a '10Gbps Society', to build a...
  • Under the terms of the agreement, the Ministry and Huawei will collaborate to realize a '10Gbps Society', to build a superfast broadband infrastructure
  • Huawei will work with the Ministry to support digital entrepreneurs working on smart cities, IoT, AI, gaming, fintech, e-commerce, and blockchain projects

Dubai International Chamber launches three new offices in Cairo, Tel Aviv, Istanbul

The formal inauguration of the representative office in Tel Aviv will take place in the Israeli capital on December 13.
  • The formal inauguration of the representative office in Tel Aviv will take place in the Israeli capital on December 13
  • International offices have a dual mission of supporting and guiding Dubai companies through every stage of their global expansion

Jordan and Saudi Arabia to boost cooperation, strategic ties

Amman, Jordan— Jordan and Saudi Arabia held discussions on enhancing bilateral cooperation in various fields and boosting strategic ties between...
  • Both countries reaffirmed their keenness to enhance cooperation and bilateral integration, and to leverage available and joint opportunities in various fields
  • The two sides discussed projects that would deepen bilateral cooperation in economic, investment, trade, energy, water, and transportation

Abu Dhabi, Dubai gain as realty prices rise in UAE

The UAE’s real estate market flourished during November as sales in Dubai alone crossed 10,000 transactions, the highest recorded since...
  • The UAE’s real estate market flourished during November as sales in Dubai alone crossed 10,000 transactions, the highest recorded since 2011, says a latest report
  • In November, the off-plan market witnessed the highest value of transactions in a decade by recording AED 12.7 billion for the first time

DEWA approves special $552m dividend

The record date for the dividend is 22 Dec. 2022.
  • DEWA, which is listed on the Dubai Financial Market, held its second general assembly for 2022 under the chairmanship of Matar Humaid Al Tayer, Chairman of the Board of Directors.
  • “This dividend yield is more attractive than most companies listed on the ADX, DFM, and Tadawul, as well as other global utility companies,” said Al Tayer.

TotalEnergies to start drilling in offshore Lebanese gas project in 2023

Paris, France--- French energy giant TotalEnergies said Monday that several teams were working in collaboration with the Lebanese Petroleum Administration...
  • TotalEnergies owns 60 percent of Block 9 and its partner in the project, Eni, the remaining 40 percent.
  • Block 9 is within the territorial waters of Lebanon, which reached a maritime agreement with Israel.

Participation rises in Sharjah Sustainability Award

SHARJAH, UAE - The Environment and Protected Areas Authority in Sharjah (EPAA) announced an increase in participation in the 11th...
  • The breakup of the entries are 311 from university and college students and 174 from school students.
  • Nominations were also received in the Distinguished Teacher Award category.

Dubai welcomes record 9.31m international overnight visitors in H1

Dubai, UAE -- Dubai welcomed 9.31 million international overnight visitors from January to June 2024, a 9 percent increase over...

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Penguin, SkyBlue ink MoU

The aim is to redefine outdoor media advertising in Abu Dhabi.

Invest Qatar launches azure open AI GPT-powered chatbot ‘Ai.SHA’

DOHA, QATAR - The Investment Promotion Agency Qatar (Invest Qatar) has partnered with Microsoft to develop Ai.SHA, an innovative AI-powered...

Over 12m people visit Riyadh Season in 60 days

RIYADH, SAUDI ARABIA - Two months after their launch, on October 11, 2023, Riyadh Season events had already attracted 12...

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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)...
  • This extension comes as a result of the ongoing valuation and due diligence processes, which are yet to be completed
  • The original MOU, signed on October 19, 2023, was set to pave the way for a potential collaboration between the two companies

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...
  • The news agency did not give specific reasons for its deployment, but noted that Iranian military vessels had operated in the area since 2009.
  • According to the International Chamber of Shipping, 12 percent of global trade passes through the Red Sea

Maisarah leads Oman government’s successful sukuk issuance

MUSCAT, OMAN - Maisarah Islamic Banking Services, Islamic window of BankDhofar, acted as an Issue Manager for the Sovereign Sukuk...
  • The Sukuk-Al-Ijara structure has a seven-year maturity and was conducted through private placement to sophisticated investors in Oman.
  • The issuance has been listed on the Bonds and Sukuk Market, operating under the Muscat Stock Exchange.