Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

  • Baims acquires Orcas Edtech

    The firm plans to incorporate one-to-one tutoring services.

    Baims specializes in providing online tailored recorded courses for university students in Saudi Arabia, Kuwait, Bahrain, and Jordan.

    Capitalizing on its market share in Saudi Arabia, Baims is poised to launch a specialized AI-driven test preparation product.

  • Bahrain Steel raises $450m SLL

    The company produces and supplies high-grade iron ore pellets.

    The proceeds from this loan will be directed towards CAPEX for constructing the world’s largest stockyard shed with rooftop solar panels.

    The SLL's framework incentivizes Bahrain Steel to exceed mandatory greenhouse gas (GHG) emissions reductions.

  • Dubai SME joins hands with CXDA to attract investment

    DUBAI, UAE – The Mohammed bin Rashid Establishment for Small and Medium Enterprises Development (Dubai SME), a part of Dubai...

    The strategic partnership with Dubai SME outlines a comprehensive roadmap.

    This will introduce AI for equipping SMEs with innovative financial solutions.

  • ADQ appoints new ADX chairman

    The company also appointed two new Board directors.

    Ghannam Butti Al Mazrouei is the Secretary-General of the Emirati Talent Competitiveness Council, where he oversees an AED24bn program.

    Al Mazrouei also serves on the boards of Abu Dhabi Retirement Pensions and Benefit Fund and AafaQ Islamic Finance.

  • Vinfast to build EV factory in India

    It is part of the company's planned US$2bn investment.

    According to a VinFast statement, the facility will be in the southern state of Tamil Nadu

    In August last year, the firm listed on the Nasdaq as its valuation skyrocketed and then crashed

  • China’s Evergrande says head of EV arm detained

    At the time of its establishment in 2019, Evergrande NEV said it aimed to become the world's leading manufacturer of...

    Once China's biggest real estate developer, Evergrande has reported more than $300 billion in liabilities and its troubles have become a symbol of the nation's years-long property

    The firm's electric vehicle arm NEV said Monday that Liu Yongzhuo - listed on its website as its president - had "been detained in accordance with the law on suspicion of illegal

  • Honda to set up EV plant in Canada

    The plant is estimated to cost Honda US$14 billion.

    the project would represent one of the multinational firm's biggest investments ever

    Honda said that it is "considering a number of initiatives as we move into the electrified era"

  • Qatar PMI data reveals ‘stable business conditions’ in non-energy sector

    Doha, Qatar--Qatar's non-energy private sector registered broadly stable business conditions in December, the latest Purchasing Managers Index (PMI) survey data...

    The survey reveals that financial services remained a key source of growth at the end of the year and price pressures were still subdued

    The PMI registered 49.8 in December, from 51.5 in November and the latest figure was close to the mark of 50.0, signaling stable business conditions

  • Germany ready to sell Eurofighter jets to Saudi Arabia: minister

    "We do not see ourselves, as the German federal government, opposing British considerations on other Eurofighter (sales)," Baerbock told journalists...

    Annalena Baerbock noted that Saudi Arabia and Israel had "not renounced their policy of normalisation" since war broke out

    "The fact that Saudi Arabia is now intercepting missiles fired by the Houthis at Israel underlines this, and we are grateful for that," she added

  • Alumicor to set up base in Bahrain

    It will help the kingdom in the processing of aluminum.

    The collaboration will bring cutting-edge technologies to Bahrain, offering local manufacturers’ opportunities to enhance operational efficiency

    Alumicor's facility is expected to create new job opportunities for Bahraini professionals, including in senior executive and administrative roles