Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.
  • The scheme aims to encourage citizens to pick up trash in a country ranked among the world's leading litter producers.

    Israelis generate an average of 1.7 kilograms of waste per person per day

    Comparatively, residents of European countries generate on an average 1.4 kilograms of waste every day

  • There appears to be plenty of scope for Indonesia to expand its cooperation with the UAE in the area of...

    The chamber, in a statement on its website, said the UAE was among the top 20 import-partner countries of Indonesia

    However, Indonesia is not even among the top 30 export and import markets for the UAE

  • With the retail sector rebounding in the UAE, Cyrille Fabre, a partner and director with the Middle East arm of...

    Retailers are thriving in the areas of omnichannel and customer experience.

    Unlike carbon-intensive industries, retail can easily achieve sustainability

  • Dubuy.com aims to provide Kenya a secure and reliable way for its businesses to grow.

    Dubuy.com, an e-commerce platform of DP World, has launched in Kenya

    It has already seen over 500,000 website visits from African vendors since its launch in Rwanda six months ago

  • The fine was one of several actions by US regulators requiring the bank to fix lapses in its processes to...

    The fine was one of several actions by US regulators requiring the bank to fix lapses in its processes to ensure its overseas branches comply with US sanctions

    The breaches involved the bank's London office handling payments through the US financial system without making clear they were going to a Sudanese entity

  • Meta ads will not consider race, religion, sexuality, or political party.

    From January 19, apps in the Meta family will no longer offer advertisers the option to target people based on certain ‘sensitive’ topics

    While this may tighten privacy, it may also affect non-profit groups seeking fundraising or small companies looking for customers

  • A multipurpose terminal in Safaga Port of Egypt will be developed and operated by AD Ports Group. Under an MoU...

    AD Ports signed an MoU with the Egyptian Group for Multipurpose Terminals, the commercial arm of the Egyptian Ministry of Transportation.

    Under the pact, AD Ports Group will explore investment opportunities and conduct feasibility and local market studies related to the project.

  • Dubai's non-oil economy continued to grow in October, courtesy of a sharp rebound in new orders and increased tourism activity...

    A sharp rebound in orders and Expo boost raise Purchasing Manager's Index.

    Despite the growth of businesses, job hiring remained marginal. Overall expectations of firms at their highest since March 2020.

  • UAE firms are expected to hire more staff and increase salaries next year to attract and retain talents as the...

    The expected average raise in the salary for companies in high-tech, life science and consumers goods would be around 4 percent

    The survey covered 599 companies across UAE with response indicating that salaries in 2021 incremented at an average of 3.6 percent

  • Mashreq Bank, the UAE lender, has seen its net profit drop off by a quarter in the first nine months...

    Total net profit for the period ending September 30, 2021 reached 265 million dirhams ($72.14 million), down by 24.7 percent from 352 million dirhams a year earlier

    Quarterly net profit stood at 180 million dirhams ($49 million), down by 1.6 percent from 183 million dirhams in the same period last year