Air Arabia profit falls

Revenue rises despite regional cost pressures

FAB plans $4.08bn rights issue

UAE’s largest bank seeks capital for growth.

flydubai launches new flights

Riga, Salzburg, Vilnius flights begin from Dec

ADNOC Gas Q3 profit $1.34bn

Stronger earnings support higher full-year outlook

Agthia 9M profit nearly triples

Third-quarter revenue increased 14.4 percent.
  • 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 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

  • 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

  • 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.

  • The company attributes growth to robust sales in four quarters.

    H1 earnings per share improved to SAR 0.24.

    The revenue grew by 18.2 percent compared to H1 2020.

  • At least one ton of honey has been sold in just 10 days at a festival in Baha, Saudi Arabia,...

    Beekeeper Yahya bin Tayran said Baha honey was one of the finest, especially if its source was far from where people lived

    It has a display of different types of liquid honey and honey wax typical of the Baha region

  • Kuwait International Bank said it has completed the sale of its exposure in troubled UAE healthcare group, NMC.

    The sale of debt, worth over $13mln, is subject to approvals

    The lender, which was owed $74.11 million by NMC health, in May decided to cut its losses and sell the debt to an unnamed entity for $13.25 million

  • China could take lead to tap the untapped minerals including some that could power the world’s transition to renewable energies.

    Endless wars and poor infrastructure have prevented the country from getting its hands on the metals that could brighten its economic fortunes.

    The resources include bauxite, copper, iron ore, lithium and rare earths, according to a January report by the US Geological Survey.

  • Tourism and water have been the economic mainstay of Hatta, an inland exclave of Dubai.

    Hatta residents will be allowed to build 200 holiday homes to support domestic tourism.

    504-km-long chairlifts, waterfalls, hotel among other projects.

  • The global forum organized by the Islamic Development Bank on Aug. 28 is being held as a side event to...

    The first panel of the forum will highlight the economic effects of the pandemic and the poverty trends in IsDB member countries.

    The second panel will focus on Islamic finance PPP as a tool to mobilize resources to support IsDB member countries’ economic recovery.