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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

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.

Semiconductor shortage slows down GCC auto sector

Auto exports to the region are likely to suffer for the next more than a year due to an estimated...

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GCC equity markets shine in H1 2021

The growth was spurred by abundant liquidity created by easing monetary and fiscal policies besides a rebound in oil prices.

‘Cyber pandemic’ grips UAE, Saudi Arabia

The Covid-19 pandemic has acted as a force multiplier for existing cyber threats while giving birth to a whole new...

Why Golden Residency is not a privilege

Global economic transformation has pushed governments to implement various programs and reform investment rules to make them more flexible to...

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UAE outsmarts competitors in luring foreign investors

The UAE government's recent decision to slash the fee to set up a business by 94% to US$272 is expected...
  • The UAE Government has slashed the fees for setting up a business by about 94% to only US$272 (AED 1,000)
  • In A T Kearny’s FDI Confidence Index 2021, the UAE gained four places – from 19th rank in 2020 to 15th rank in 2021

GCC region’s cloud seeding experiments a boon or bane?

UAE is among the first countries in the Middle East to use cloud seeding technology for a project whose trials...
  • UAE is among the first countries in the Middle East to use cloud seeding technology for a project whose trials started in late 1990s
  • A large-scale desalination plant producing about 100,000 cubic metres of water per day costs US$100m

ADX is the least expensive equity market in MENA

ADX has plans to get at least 10 companies as well as additional services such as derivatives trading by the...
  • ADX has plans to get at least 10 companies as well as additional services such as derivatives trading by the end of 2021
  • The cost of execution includes several components and depends on the exchange