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stc Group Q1 net profit up 11.05%

The Group reported a revenue of $5.12 billion.

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.
  • Aldar launches Yas Acres Magnolias

    The community consists of 312 properties available for purchase from September 4.

    The gated community consists of 312 villas and townhouses available for purchase from Sept. 4.

    Each unit has fixtures that reduce water and energy consumption, the company said.

  • Court to help UAE combat financial crimes established

    DUBAI: A court has been set up in the United Arab Emirates with a focus on combating money laundering, Dubai...

    UAE had earlier established the Executive Office of the Anti-Money Laundering & Countering the Financing of Terrorism.

    The new court will reinforce UAE’s compliance with international anti-money laundering and law-enforcement standards, says Judge Dr. Abdullah Al Shamsi.

  • Saudi SMES exempted from commerce register fees

    Eligible for exemption are those wishing to issue a new trade register from the financial equivalent for three years and...

    Startup costs for commerce fees register decreased by 96 percent for companies, according to ministry of commerce.

    Decrease in commerce fee register for enterprises decreased from 33-75 percent.

  • Graft, security issues feed trade in Iraq’s past

    Do you want to buy a more than 3,000-year-old Sumerian tablet, listed as the property of a gentleman from Sussex...

    The purchased antiquity may not be handed down but handed on, via smugglers and middlemen

    Also, the ownership history of some such objects can be harder to prove

  • UAE introduces 22 new licenses under Basic Industries Project

    The project promotes local industrial investment in key sectors such as medical, food, steel, cement.

    A total investment of AED 286 million has been reported by ADDED, IDB in the new licenses.

    IDB seeks to add 50 new local industrial facilities over the next three years.

  • ADNOC emerging as UAE’s FDI magnet

    Besides wooing $74 billion investments, the oil giant has helped the country gain the top position in the Middle East...

    ADNOC has set its eyes on developing green hydrogen and blue ammonia products.

    The company plans to spend $122 billion between 2021 and 2025 to develop its businesses.

  • Ajman Chamber, China’s Dahua explore tech investment opportunities

    The two discussed opportunities for cooperation to support multinational companies in the Emirate of Ajman

    The two discussed opportunities for cooperation to support multinational companies in the Emirate of Ajman

    Dahua is a leading Chinese tech solutions provider specialising in video surveillance products, data security, alarms, motion sensors and access control

  • Saudi Arabia to create million tourism jobs by 2030

    Saudi Arabia has developed cultural, heritage tourism projects in more than 25 tourist destinations and eyes 100 million tourists by...

    Saudi Arabia has developed cultural, heritage tourism projects in more than 25 tourist destinations

    By 2030, the country expects to enhance its airport capacity by 30 percent

  • Egypt looks to neighbors, and beyond, for power supply

    In order to make sure that Egyptians get an uninterrupted supply of electricity, Egypt has taken steps to strengthen power...

    The ministry is studying a huge project for power linkage with Cyprus, Crete and Greece

    Shaker said the launch of power projects to connect with Libya is a strategic goal for the two countries

  • Uber Reserve launches in Dubai

    Allows riders to book rides up to 30 days in advance.

    The feature comes in Premium and Economy categories.

    Reserve rides can be cancelled any time up to an hour ahead of the scheduled pick up time with no costs.

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