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.

  • Turkey’s pine honey harvests — especially in the Mugla region — were already suffering from drought when the wildfires hit....

    Turkey as a whole makes 92 percent of the world’s thick, dark pine honey

    The Mugla region, where 80 percent of Turkey’s pine honey is produced, has been ravaged by fire and floods

  • Saudi Arabia is planning to invest US$36bn in logistics and aims to become a regional hub for the shipping sector,...

    Saudi Arabia is planning to invest US$36bn in logistics and aims to become a regional hub for the shipping sector, a position enjoyed by the UAE for many years

    The UAE has 10 major ports followed by Saudi Arabia (9), Qatar, Oman and Bahrain (5 each) and Kuwait (3)

  • More than 50,000 visitors have been to Egypt’s pavilion at Expo 2020 during the first week of the gala event...

    Egypt’s industry and trade minister: Turnout meant the pavilion was one of most attractive for visitors

    Interactive displays show the developments that Egypt is witnessing in all fields

  • The creativity of Jordanian youth was celebrated with the opening of the country’s pavilion at Expo 2020 Dubai.

    The displays were built by young people from Jordan

    The ceremony was attended by Jordanian, Arab and foreign officials and community members

  • Investors include Area Tech Holdings and FirstPartyCapital.

    The funds will be used to finalize Evorra's B2B SaaS audience marketplace.

    Evorra offers a solution to the death of third-party cookies so that brands can be custodians of their customer’s marketing data.

  • "It brings me great joy and pleasure to officially announce the official launch of FTA negotiations between GCC countries and...

    The UK already enjoys strong economic links with the nations of the GCC, comprised of Saudi Arabia, the United Arab Emirates, Qatar, Bahrain, Kuwait and Oman

    Trade between the UK and the Gulf nations topped 30 billion pounds ($41 billion) in 2020, according to the British government

  • Facebook did not provide details on the cause or scope of the problems, which caused users to flock to Twitter...

    Facebook did not provide details on the cause or scope of the problems, which caused users to flock to Twitter to voice frustration

    Hundreds of millions of people were unable to access Facebook, Instagram or WhatsApp for more than six hours on Monday

  • The region’s average real GDP per capita is forecast to increase by only 1.1 percent in 2021 after declining an...

    Thirteen out of 16 countries in the region will have lower standards of living in 2021 than their pre-Covid levels.

    Pandemic losses are calculated by comparing where the region’s GDP would have been if the pandemic had not hit, the bank said.

  • Apple iPhone

    The verdict ordered Apple to loosen control of its App Store payment options but said Epic failed to prove any...

    The companies had opted for a so-called bench trial in which a judge rather than a jury hears the evidence and decides on a verdict.

    Apple can still mandate that its payment systems is used for in-app transactions.

  • The main Saudi stock index closed trading on October 7, with an increase of 19.45 points, to close at the...

    The next day, the Saudi index increased 0.1 percent, with Al-Rajhi Bank rising 1.6 percent and the Saudi National Bank rising 2.5 percent due to stable oil prices

    The rise in oil prices drove the Saudi stock market to its highest level in 14 years