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

  • The move is aimed at expanding its footprint in tourism.

    Tourism 365, the ADNEC tourism promotion business, will integrate with Etihad Holidays under the terms of the asset transfer.

    Etihad Holidays' offering will combine Etihad Airways’ product with packages in different source markets to key destinations.

  • Iraq's crude oil export revenues reached $7 billion in October, according to the Iraqi Oil Marketing Company (Somo). Local media...

    Iraqi oil ministry's said more than 96 million barrels of crude oil were exported in October.

    Most of the oil--93 million barrels--was exported from the oil fields in central and southern.

  • Expo 2020 Dubai, the largest global event and the first-of-its-kind in the Middle East, boosted the Dubai real estate market...

    Real estate sales transactions for the 10 months of 2021 worth AED177.44 billion.

    The most sought after areas for villas/townhouses are Damac Hills 2, Nad Al Sheba, The Springs, Dubai Hills Estate and Arabian Ranches.

  • Al Bayader International, for example, has set up solar farms to offset energy costs and build sustainability, says Founder and...

    Companies want to decrease their carbon footprint and lower their electricity expenses

    As a result, they are increasingly installing rooftop solar farms to save on energy bills

  • The move is believed to be part of the Saudi Vision 2030 strategy, through which the country looks to diversify...

    The Saudi Film Commission will on Sunday announce its strategy to develop the film sector in the country

    It is also expected to support employees and actors in a country where public screening of films was banned for nearly 35 years

  • The loans were given to industrial companies in five priority sectors.

    The Emirates Development Bank has disbursed AED700 million ($190 million) in loans to the UAE’s industrial sector since the beginning of 2021

    The money came from the financing package given by the country’s Ministry of Industry and Advanced Technology

  • Egypt has edged out its Arab neighbors in natural gas exports and exported one million tons of liquefied natural gas...

    The oil and gas sector contributed 24 percent to the country’s gross domestic product in 2019-2020 despite the pandemic

    A surplus, equivalent to about EGP9.5 billion ($604 million), in the petroleum balance of payments was reached during 2020-2021

  • Consumption of electrical energy is increasing by 10 percent annually in Iraq, which necessitates a robust distribution network, said the...

    The increase in energy requires a robust distribution network and large stations.

    The company said it works in gas and oil in Basra, and there are projects to expand oil discovery.

  • Emirates Stallions Group (ESG) has bought a 70 percent stake in WFC Holding as part of its plan to diversify...

    ESG said WFC Holding, which encompasses business process outsourcing and manpower outsourcing services, will complement its mainstream construction and real estate business

    “This acquisition will allow us to expand, manage and control our client’s manpower operations better"

  • Samsung said on Tuesday it will build a microchip factory in Texas, a $17 billion investment that comes as semiconductor...

    The chips manufactured on the site will have applications in mobile technologies, 5G or even artificial intelligence, Samsung said.

    Samsung, the world's biggest memory chipmaker, has stepped up its investment in its semiconductor business as the world battles shortages of chips.