INSEAD Day 4 - 728x90

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Salik profit slips in H1

The company said traffic recovery supported resilience.

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.
  • Amazon, the US e-commerce giant, has announced that it would add 1,500 jobs in the United Arab Emirates to cope...

    The jobs, according to the company, will be created as it expands its fulfillment center storage capacity by 60 percent

    This expansion is expected to create additional jobs through its sellers and delivery partners

  • Those who have not filed VAT returns would see a fine of up to OMR5,000 (around $13,000) imposed on them.

    The standard rate of VAT in Oman is 5 percent

    It is among the lowest in the world

  • Top Saudi banks have seen strong growth in the second quarter of the current fiscal in financing and deposits. According...

    The outlook for cost of risk remains relatively stable, says Alvarez & Marsal

    L&A and deposit growth was supported by the merger of NCB and SAMBA to form Saudi National Bank

  • Emirates Stallions Group, a subsidiary of the International Holding Company (IHC,) has secured a $12.5 million contract from the Abu...

    Landscaping contract is one of largest public municipality projects of its type

    ESG has presence in 20 markets in the region, with assets of 537 million dirhams as of the end of the first quarter this year

  • Dragon Oil to double output by 2026

    The company is eying new developments in Turkmenistan, Iraq, and Egypt

    It achieved a positive performance in 2020, and continued to maintain steady annual growth in 2021

  • The total value of the contracts signed with several UAE clients is AED90 million.

    Several UAE-based clients have awarded contracts in retail, sports and real-estate sectors.

    Imdaad was hired by the Dubai World Trade Centre for Total Facilities Management services at Expo Village.

  • DUBAI: The UAE has the foundations and competitive advantages to become one of the largest producers of low-carbon hydrogen in...

    UAE’s strong infrastructure, export facilities, geographic location key advantages.

    ADNOC is already a producer of over 300,000 tons per year of hydrogen in its downstream facilities.

  • The Saudi company will undertake ground handling services for flydubai.

    The AED 100m agreement has been signed for five years.

    flydubai said the agreement reflects the longstanding relations between it and Saudi partners.

  • The bank has bought 320,664 shares on DFM and Bahrain Bourse.

    The bank has bought 320,664 shares on Dubai Financial Market and Bahrain Bourse

    The move increases the total holding of treasury shares from 110,779,910 to 111,100,574

  • The emirates achieves hotel occupancy rate of 62 percent, ahead of the US, UK and Turkey

    Hotel revenues grew by 31 percent to reach AED11.3 billion.

    Domestic tourism accounted for 30 percent of the total number of guests at hotels.