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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.
  • Dubai Expo ‘new city’ is here to stay for decades

    Dubai has created a "new city" for Expo 2020 that will exist for decades, the head of the event said,...

    The $7bn purpose-built showground occupies a vast site on Dubai's outskirts with hundreds of pavilions

    Expo 2020, which has sustainability as one of its main themes, wraps up in March

  • The most interesting pavilions at Expo 2020

    Expo 2020 Dubai boasts some unique pavilions. Here’s a look at the most engaging among them.

    Future Forest, the Spanish Pavilion, boasts an organic and recycled artificial ecosystem

    The Women’s Pavilion is intended to honor the significant roles that women, known and unknown, have played throughout history

  • Anaam land sale nets $22.6m

    The transaction will be reflected on Anaam’s Q3 financial results.

    The deal has been inked with the buyer Khaled Mustafa Mohamed Monem

    It includes the sale of all equipment, machinery, buildings, and cars

  • Saudi stock market index ends high at 11,495.76 points

    The main Saudi stock index closed today, up, gaining 112.11 points, to close at 11495.76 points, with trading value worth...

    The volume of traded shares, reached 180 million, through more than 290 thousand deals

    The Saudi Parallel Shares Index (NOMU) closed today, down, losing 257.36 points, at 23652.32 points level, with trading value worth SR 51 million

  • Bank UAE

    UAE Central Bank to issue commemorative Expo 2020 silver coins

    DUBAI: The Central Bank of the UAE (CBUAE) has announced it will issue silver coins that feature Expo 2020’s official...

    All issued commemorative coins will be available for sale via the Expo 2020 official stores as well as the New Zealand Mint’s website.

    Costing coins will be available for sale via the Expo 2020 official stores and New Zealand Mint’s website.

  • Al-Rajhi Capital predicts Saudi oil revenues to touch $145.3bn at the end of 2021

    Al-Rajhi Capital believes that Saudi oil revenues will touch $145.3 billion at the end of 2021, while total state revenues...

    The bank's estimate for non-oil revenue is at $101bln

    The assessment was made on the Saudi budget forecast released on Thursday

  • Jordan, Lebanon discuss cooperation

    Jordanian Prime Minister Bishr Khasawneh met his Lebanese counterpart Najib Mikati to discuss cooperation and help Lebanon.

    Jordanian Prime Minister Bishr Khasawneh underlined his country’s support for Lebanon to overcome ongoing challenges

    He also pointed to the relations that bind the two countries and peoples, highlighting Jordan's commitment to enhancing joint cooperation

  • Saudi Arabia to strengthen trade ties with Austria

    The Saudi delegation of the trade system was headed by Minister of Commerce Majid Al-Qasabi.

    During the meeting, the countries discussed opportunities to enhance and develop commercial relations

    They also talked of ways to upgrade the level of trade exchange and cooperation between the two countries

  • Dubai Expo 2020 to attract 25 million business, tourist visits

    The full expo site has opened its doors to exhibitors from almost 200 countries.

    The full expo site has opened its doors to exhibitors from almost 200 countries

    The event was chosen eight years ago to follow the 2015 Expo in Milan, Italy, and cost around $6.8 billion

  • ADNOC Distribution will pay $350 million H1 interim dividend to shareholders

    DUBAI: ADNOC Distribution has announced AED1.285 billion ($350 million) as an interim dividend payment to shareholders for the first six...

    This is the first payment in what is expected to be a full-year 2021 dividend payment of AED 2.57 billion.

    The company has set a minimum of AED2.57 billion dividend for 2022.