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SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.
  • India UAE

    UAE and India resolve to strengthen ‘deep economic ties between the two countries’

    The United Arab Emirates and India have resolved to strengthen ‘the deep economic ties between the two countries,’ while noting...

    Both sides recognized the collaboration between India and UAE during this difficult period and appreciated the leadership provided by the two countries

    At the meeting, discussions were also held on exploring mutually beneficial methods and incentives to facilitate further investment from UAE sovereign investment entities

  • Iran bans LG and Samsung home appliances

    The import of home appliances made by these two South Korean companies is now banned by Iran, following an apparent...

    Iran’s Supreme Leader Ayatollah Khamenei ordered the ban in response to a call by local producers

    Their request followed Khamenei’s insistence in recent years to ramp up local production of goods and banning the import of similar products

  • Expo 2020 opens doors of hope for humanity

    With the stunning opening of Expo 2020, the UAE has proved that it can explore the future that would open...

    The opening ceremony of the Expo 2020 Dubai, which represented a harmonious and impressive mixture, brought together the whole world with its various spectrums

    The event started a new era of excellence and achievement for our dear country in light of the Year of the 50th amid unprecedented domestic, Arab and international media attention

  • Abu Dhabi lets judges work from anywhere

    The move is expected to reduce the litigation time and costs and increase the rate of disposition of cases in...

    Abu Dhabi is now allowing judges to hear cases and render judgments from anywhere, irrespective of the geographical location of registered cases

    Judges of courts in Abu Dhabi, Al Ain, and Al Dhafra are now allowed to use video-conference to hear the cases before them

  • OPEC’s crude oil reserves up 0.3% to 1,237 bn barrels in 2020

    World’s proven crude oil reserves stood at 1,549 billion barrels in 2020, increasing by 0.2 percent from the level of...

    World’s proven natural gas reserves fell by 0.4 percent to 206.7 trillion standard cu m in 2020

    OPEC natural gas reserves stood at 73.74 tr standard cu m in 2020, down 1.4 percent from 2019

  • E-Sports a billion-dollar industry in GCC

    The Middle East has 25% of the worldwide gaming audience, followed by Latin America 13.9%, the Asia Pacific 9.2%, Western...

    The Middle East has 25% of the worldwide gaming audience, followed by Latin America 13.9%, the Asia Pacific 9.2%, Western Europe 4.8%, and North America 4%

    The value of gaming in the MENA is estimated to be US$4.5 billion with over 100 million gamers in the region

  • Microsoft announces pricing for new Office suite

    Office 365 has been renamed Microsoft 365, and will be available on Windows PCs, Apple’s Mac machines, and mobile platforms,...

    Microsoft 365 and Office 2021 will run on Windows 11, Windows 10, and the three latest macOS versions

    A Microsoft account and an internet connection are mandatory for subscribers to access and use Microsoft 365 or Office 2021

  • Saudi bourse joins new emerging-markets index

    The Saudi Stock Exchange will be added to its widely followed Emerging Markets Government Bond Index (EMGBI), the global index...

    The accession will allow the Saudi Sukuk and Debt instruments to be part of corresponding global market indicators that investors follow

    This would have been made possible by the actions that the Capital Market Authority of Saudi Arabia has taken

  • GCC and Europe to revive free trade deal talks: EU Ambassador

    The Gulf Cooperation Council and the European Union have agreed to revive free trade deal talks, according to EU Ambassador...

    EU countries have direct investments in Saudi Arabia worth $24.88bln

    The agreement will also be part of the discussions during the upcoming visit of the European Union representative to the Gulf region

  • Emirates Post launches five new services

    The official postal operator of the UAE made the launches during the 2021 Seamless Middle East.

    The new addition includes service points and parcel lockers

    Through these, customers will have more flexible channels for last-mile delivery options