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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.

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.

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 Multi Commodities Centre launches DMCC Gaming Centre

Dubai, UAE---Dubai Multi Commodities Centre (DMCC), which is currently home to more than 50 gaming companies, has launched the DMCC...
  • Under the DMCC Gaming Centre, members will have access to the wider esports community through regular events and esports tournaments.
  • Members will have the opportunity to join gaming specific acceleration and market entry programmes through DMCC ecosystem partner, AstroLabs.

GPSSA clarifies conditions of insured individuals

ABU DHABI, UAE - The General Pension and Social Security Authority (GPSSA) said that the registration of insured individuals in...
  • Emirati nationals should not be less than 18 years old nor over 60.
  • Entities operating in the field of tourism and hotels, including in the free zones, who employ Emiratis are all subject to the provisions of the law.

HUB71 startup community raises $1bn in venture capital

The milestone was achieved in a year which has seen Hub71 onboard 53 high growth technology companies.
  • The milestone was achieved in a year which has seen Hub71 onboard 53 high growth technology companies
  • Hub71 has built a diverse capital ecosystem of active investment partners ranging from Mubadala Investment Company to over 30 VC firms to family offices

Masar signs $1.86 bn pact for construction of seven hotels in Makkah

Makkah, Saudi Arabia---Umm Al-Qura for Development and Construction Company, owner and developer of Masar Destination, an integrated urban destination in...
  • Baytur Construction Company appointed main contractor and Al Dar to supervise the implementation.
  • The agreement boasts the famous hospitality brand Kempinski and the international Taj chain for the first time in Makkah.

UAE asks govt entities to buy locally produced food

The decision has been taken to support local production while the government continues to embrace open trade policy.
  • The decision has been taken to support local production while the government continues to embrace open trade policy
  • The desert country is working on vertical farming under a joint venture between Emirates Flight Catering and US-based Crop One

Dubai Customs and South Korea to boost trade ties

Dubai, UAE— Dubai Customs and a delegation from South Korea have discussed ways to further develop mutual trade cooperation. Dubai...
  • Dubai Customs shared their experience in developing smart customs services and digital systems with the delegation
  • The Korean delegation learned about the Post Clearance Audit System, which targets risky clearance transactions and enhances transparency in trade

TBI denies loan for ‘fake projects’, says recovered 1 trillion, 500 billion dinars

Responding to a story published on one of the satellite channels, the bank explained the amount of the total loans...
  • Responding to a story published on one of the satellite channels, the bank explained the amount of the total loans in the bank is inaccurate
  • The bank stressed there are no loans for fictitious projects, saying the report in the media which doesn't identify its sources directly affects it

Algeria’s Sonatrach starts production in new gas field

The company announced the completion of production of the Tinrhert gas field at the end of November 2022.
  • The company announced the completion of production of the Tinrhert gas field at the end of November 2022
  • Algeria has signed many energy agreements with European countries during the current year

Saudi Arabia launches ‘National Semiconductor Hub’ 

At least 50 semiconductor design companies will be established in Saudi Arabia by 2030 after a new initiative was launched to develop...

Latest News

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...

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...

Sharjah Consultative Council okays emirate’s draft budget 2024

Sharjah, UAE - The Sharjah Consultative Council approved the draft law regarding the budget of departments and entities of the...

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Human Rights Monitor submits documents on Gaza executions to UN

GENEVA, SWITZERLAND - The Euro-Mediterranean Human Rights Monitor documented, in a preliminary file submitted to UN special rapporteurs and the...
  • The monitor called for immediate investigation to hold the perpetrators accountable and provide justice to the victims.
  • It demanded the announcement of the formation of an international legal team to reach Gaza and investigate the incidents.

Makkah, Morocco’s Beni Mellal-Khenifra Chambers of Commerce ink pact

MAKKAH, SAUDI ARABIA - The Makkah Chamber of Commerce and Industry and the Chamber of Commerce, Industry, and Services of...
  • Beni Mellal Chamber of Commerce, Industry and Services delegation head said that Saudi Arabia is Morocco's largest trading partner.
  • In 2022, the volume of Saudi Arabian exports reached US$4.6 billion, while the value of imports was US$87 million.

UN General Assembly approves US$3.59bn budget for 2024

NEW YORK, US - The United Nations General Assembly (UNGA) approved a US$3.59 billion budget for 2024, including establishing a...
  • The UNGA approved around US$50 million as an additional funding for UN Human Rights Council.
  • UNGA revealed that it established a multiannual private account for peacemaking and it is used for funding UNPBF.