Oil prices rise on Red Sea escalation, corporate earnings season
Crude prices spiked more than four percent before ebbing somewhat after the allies launched deadly strikes following weeks of disruptive...Business Economy Energy
Abu Dhabi real estate deals hit $517 million since Jan 1: DARI
Abu Dhabi, UAE -- Real estate transactions in Abu Dhabi amounted to approximately AED 1.9 billion ($517 million) in the...Business
Abu Dhabi cuts procedures to start business by 71 percent
Discussions with stakeholders helped the Abu Dhabi government identify and remove duplicate requirements and modify existing requirements to facilitate the...
Hotel occupancy shows signs of recovery in MENA: Colliers
The hospitality industry has been the worst hit by the Covid pandemic, but there are signs that suggest a recovery...
HSBC MENA’s pre-tax profit at $700m in H1
Economic recovery in the region helps the bank post $386 million profit in the June quarter.
Aldar Properties beachfront land plots sell out in Al Gurm
The company did not disclose the value of the sale of 71 plots sold exclusively to UAE residents.
Saudi Pension Agency posts 9.5 percent returns in 2020
The kingdom’s Public Pension Agency said on Sunday that it had recorded 9.5 percent returns on investments in 2020. Its investments...
Digital payment platform Square to buy Afterpay for $29 billion
Afterpay specializes in the "buy now, pay later" model that offers users staggered payments, often without extra charge.
Kuwait aims to be the hub for electric carmakers in Middle East
Kuwait Ports Authority (KPA) has approved a proposal to build the Middle East’s first city to serve electric vehicle manufacturers,...
RAK Properties net profit rises 348% to AED120m in H1
Revenues of the UAE-based real estate firm, which is listed on the Abu Dhabi Stock Exchange, grew by 121 percent...
Engie roped in for energy-efficiency project at Riyadh airport
The project is aimed at reducing energy demand and costs at the airport and ensuring reliable supply through clean and...
US gears up to sell 18 military choppers to Israel for $3.4 billion
All 18 choppers are Sikorsky CH-53K King Stallion heavy-lift helicopters, and will come fitted with weaponry provided by Lockheed Martin.
