Search Site

Roche to buy Poseida Therapeutics

The $1.5 billion deal is due to close in early 2025.

BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.
  • ADNOC and Fertiglobe to sell blue ammonia to Idemitsu

    The sale is part of UAE-Japan industrial cooperation and development of ammonia supply chains.

    ADNOC sold its first cargo of blue ammonia to Japan's Itochu on Aug. 3.

    Sales part of UAE-Japan industrial cooperation and development of ammonia supply chains.

  • Investors may prefer this new Abu Dhabi license

    New license for professionals to be issued by ADDED allows 100 foreign ownership of a business. ADDED also highlighted that...

    ADDED will also issue a form of service agent agreement to streamline the relationship between partners.

    604 activities covered under the license, including accounting, training, consultancy, beauty centers.

  • Dubai airport to host a million travelers

    More than a million passengers are expected to arrive at Dubai International (DXB) over the next 11 days in what...

    The airport says it is bracing for exceptionally busy weekends

    Between August 12 and 22, average daily travelers passing through the DXB gates will peak to around 100,000

  • Umrah permits for double-jabbed Saudis aged 12-18

    Saudi nationals aged 12-18 can obtain Umrah permits if they have received two doses of Covid-19 vaccine, the ministry of...

    Hajj and Umrah ministry’s announcement follows the inauguration of 2021 Umrah season.

    Permits must be obtained through the Eatmarna and Tawakkalna apps.

  • Pact signed to measure Abu Dhabi workers’ quality of life

    The aim of the cooperation is to activate the role of DCD and SCAD within a set of future programs...

    The agreement will help policymakers, decision-makers to support labor force in Emirati capital.

    Need felt for collection of accurate statistics and data related to work environments and workers’ quality of life.

  • Riyadh leads Q2 Saudi Arabia residential market boom

    Latest review by global property consultant Knight Frank says apartment values in Saudi capital grew by 7.6 percent year on...

    Latest review by global property consultant Knight Frank says apartment values in Saudi capital grew by 7.6 percent year on year.

    Riyadh and Jeddah likely to witness a 25 percent and 36 percent increase in total office supply in the next three years.

  • ADNIC H1 net up 31.1 percent to $67m

    Gross written premiums for the H1 of 2021 rise by 4.2 percent to AED 2.67 billion.

    Gross written premiums for the first half of 2021 increase by 4.2 percent to AED 2.67 billion.

    ADNIC’s net investment and other income increased by 58.3 percent to AED87.3 million for the six-month period.

  • Drug firms urged to seek UAE advance nod for products

    This will allow health authorities a pre-study of the file to issue the marketing approval in the UAE for innovative...

    Factories in UAE can start manufacturing procedures and apply for marketing approval for similar products

    Local manufacturers can market their products in the UAE soon after expiry of the protection period for innovative products

  • New flights from Baghdad to Abu Dhabi

    The inaugural flight of Iraqi Airways landed at Abu Dhabi International Airport on August 7.

    The inaugural flight, operated by Iraqi Airways using Boeing 737-800 aircraft, landed at Abu Dhabi International Airport on August 7

    Iraqi Airways will start by operating one flight per week and will then increase its number of flights to two a week

  • Ajman Free Zone adds 867 companies in H1

    Ajman Free Zone (AFZ) has registered a growth of 35 per cent in the number of new registered companies during...

    Health sector registers 84 percent growth in the number of new companies.

    70 percent growth in Chinese retail market while the number of AFZ’s key partners rises to 48.