Penguin, SkyBlue ink MoU
The aim is to redefine outdoor media advertising in Abu Dhabi.Company News Business Economy Tech & Media
King Abdulaziz International Airport serves 42.7m passengers in 2023, a 36% growth
Jeddah, Saudi Arabia — King Abdulaziz International Airport served over 42.7 million passengers in 2023, reflecting a remarkable growth rate...Business
SABIC’s net profit shoots up to 2.04bn
Saudi Basic Industries Corp. (SABIC) has reported a big jump in second-quarter profit as it sold more chemicals at higher...Net profit jumped 57 percent to $2.04 billion in Q2
Selling prices increased 10 percent, sales volumes rose 3 percent
Airlines suffer $126.4bn loss amidst Covid-19
Airlines across the world took a heavy beating from the Covid pandemic lockdown, posting on the whole net losses to...IATA said passenger numbers were down 60 percent year-on-year
The Middle East was the worst impacted, with a 67.6 percent fall in passenger numbers compared to Asia-Pacific, the least impacted with a decrease of 53.4 percent
DIB ups foreign ownership limit to 40 percent
Group CEO says the bank geared towards benefitting from the re-opening of the Dubai economy post Covid-19 pandemic.Group CEO says the bank geared towards benefitting from the re-opening of the Dubai economy post Covid-19 pandemic.
The enhancement of FOL was executed through the Dubai Financial Market.
$1.9 billion weeklong realty transactions in Dubai
An apartment in Marsa Dubai sold for AED 508 million and properties worth AED 4 billion mortgaged.91 plots of land sold for AED 715.83 million and 1,083 apartments and villas for AED 2.53 billion.
An apartment in Marsa Dubai sold for AED 508 million and properties worth AED 4 billion mortgaged.
Fujairah Chamber keen to foster ties with Iraqi businesses
Businessmen on both sides to exchange knowledge and ideas to create opportunities for collaboration.A delegation from Kurdistan region was briefed about investment environment in Fujairah.
Businessmen on both sides to exchange knowledge and ideas to create opportunities for collaboration.
Best July in 12 years for Dubai real estate market
4,384 real transactions worth AED 11.18 billion made, majority of these in secondary, ready properties.
Saudi British Bank posts $245m net profit in Q2, year after big losses
A year after posting billions in losses, Saudi British Bank (SABB), an affiliate of HSBC Holdings, has posted a sizeable...
Investors expect Aramco to post high profit after strong first half
Investors are waiting with bated breath for Saudi Aramco to post its first half results and the expectation is that...
‘Potential hijack’ of ship off UAE coast: UK maritime security agency
The MarineTraffic website, which categorises the vessel as an asphalt and bitumen tanker, said it was travelling to Sohar, a...
TAQA, Emirates Steel to manufacture MENA’s first green steel
The project will save energy while creating a sustainable and clean manufacturing process, says TAQA.
