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

PIF sets up firm Badael to curb tobacco use in Saudi Arabia

RIYADH, SAUDI ARABIA- The Public Investment Fund (PIF) announced the establishment of Badael Company, which aims to develop, manufacture and...

Environment ministry reclassifies 64 air quality monitoring stations in UAE

DUBAI, UAE -  As part of the Year of Sustainability initiative, UAE Ministry of Climate Change and Environment (MOCCAE) has...

Saudi falcon sells for $72,000, setting record

The sale took place at the International Falcon Breeders Auction or IFBA at the Saudi Falcons Club or SFC in...
  • According to local reports, this is a record price for any such bird bred in the region
  • Last year, the SFC had seen the sale of a young Shaheen falcon for SR650,00 (roughly $170,000), but it had been caught in the wild

Nissan unveils new safety tech in Middle East

The suite is called Nissan Intelligent Mobility or NIM, and is aimed at preventing automotive fatalities.
  • The newest addition to the NIM suite, the ProPILOT, was premiered in the region on the 2021 Nissan Altima
  • ProPILOT can automatically increase or decrease the vehicle’s speed to maintain a set distance from other vehicles

Dubai ropes in Hollywood stars for new tourism drive

Jessica Alba and Zac Efron are part of Dubai’s latest tourism campaign as it eyes global travel recovery and growth.

Abu Dhabi Ports plans uninterrupted gas supply for customers

The system modernization will take place over the next several months as part of a continuous comprehensive zone development plan.

Qatar Airways forced to ground 13 Airbus aircraft over surface issue

The Qatar Civil Aviation Authority has asked the airline to take the step due to a faster deterioration of the...
  • The aircraft will remain grounded till the root cause can be established and a satisfactory solution made available
  • Qatar Airways said in June that it had pulled some of its A350 jets from service until the issue could be understood and fixed

Bahrain invites bids for BIA Cargo Express Village project

The request for proposal has come from the Bahrain Airport Company, with the deadline for submitting the bids being September...
  • The work includes the construction, testing, and commissioning of Phase 1-A of the Cargo Express Village
  • Bids will be open to only Grade A and Grade AA building contractors registered with the Bahrain’s Ministry of Works

4 children killed in Syria regime shelling: monitor

Regime forces have stepped up shelling since June despite a cease-fire deal brokered by Russia and Turkey.
  • Artillery fire hit a residential area in militia-dominated bastion of Idlib.
  • Regime forces have stepped up shelling since June despite a cease-fire deal brokered by Russia and Turkey.

Dubai Economy issues 3,243 trader licenses in H1

Trader License enables freelancers and start-ups to conduct businesses online and across social networking accounts.
  • Trader License enables freelancers and start-ups to conduct businesses online and across social networking accounts.
  • Males account for 63 percent of the licenses issued and IT tops the list of activities.

Middle East’s largest wind farm produces first carbon-free MWh

The project, Saudi Arabia's first, is being developed by leading renewable energy companies EDF Renewable and Masdar.
  • The project, Saudi Arabia's first, is being developed by EDF Renewable and Masdar.
  • On completion, the farm will power about 70,000 Saudi households.

Iran nuclear talks could resume in September: EU

Talks have been happening since April in Vienna to find a way to bring both sides back into full compliance
  • Talks have been happening since April in Vienna to find a way to bring both sides back into full compliance
  • The last round took place on June 20 with no date set for when they would continue. The EU chairs the meetings

PIF sets up firm Badael to curb tobacco use in Saudi Arabia

RIYADH, SAUDI ARABIA- The Public Investment Fund (PIF) announced the establishment of Badael Company, which aims to develop, manufacture and...

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South Korea wins $2.2bn order in Egypt’s first nuclear plant

The Korea Hydro & Nuclear Power Co. won a contract with Russia’s state-owned Rosatom in the project. The state-owned Korean...

Egypt’s central bank cancels maximum cash deposit limit in banks

During the COVID-19 crisis, the bank set a maximum limit of cash deposits as part of measures to face its...

OIC calls on international community to stand firm with Rohingyas

The organization has also called for ensuring favourable conditions for the safe, voluntary, dignified, and sustainable return of all Rohingya...

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Egypt’s GDP grows 6.6% in FY 2022: PM Madbouli

The last quarter of the past fiscal year was really difficult due to the Russia-Ukraine war.
  • The last quarter of the past fiscal year was really difficult due to the Russia-Ukraine war
  • The PM said that the unemployment rate in the country stabilised at 7.2 percent

Maaden to supply phosphate, ammonia to four Indian firms

The Saudi Arabian Mining Company, Maaden, Thursday signed four memoranda of understanding with Indian fertilizer companies to supply phosphate and...
  • The company signed MoUs with top Indian companies, under which they will discuss ways to enhance joint cooperation in various fields of growth,
  • Ma'aden today exports about 1.7 million tons of phosphate and ammonia products to the Indian market annually.

Jordan, GCC countries discuss higher education cooperation

Joint Jordan-Gulf Cooperation Council (GCC) working group on the higher education held talks on cooperation and exchange of expertise at...
  • The meeting decided that the Jordanian side would draft executive programs and memoranda of understanding (MoU).
  • The programs would prioritize areas of academic, student, research collaboration and expertise exchange.