Omantel approves cash dividend
Net profit grew by 13.1 percent compared to 2022Company News Business Tech & Media
Microsoft, AI to set up data-center project
It will cost US$100bn and will include an AI supercomputer.Business
ADNOC L&S reports 162% rise in profit
The company also reported an EBITDA of $635 million.The company also reported an EBITDA of $635 million (AED2,332 million), marking a substantial 124% year-on-year increase
The third quarter of 2023 specifically contributed to the positive financial performance, with a 30% year-on-year increase in revenue
Insect farming ‘revolutionizes’ Gulf agriculture
Across the arid region, in which conventional agriculture is beset by many challenges, insect farming for livestock feed is perceived...Many experts feel insect farming as against livestock farming emits fewer greenhouse emissions and uses fewer natural resources like water and feed
The region, however, with its unique climatic conditions and inadequate water supply, poses many hurdles for sustainable insect cultivation
Emiratization: CBUAE to provide financial sector job opportunities
Abu Dhabi, UAE - The CBUAE will provide UAE nationals with job opportunities across various banking and insurance specializations in...The central bank will leverage the platform to educate attendants of its regulatory and supervisory role and financial inclusion efforts
The CBUAE Youth Council will also showcase its initiatives to enhance the role of the youth in the financial sector
Blockchain enhances efficiency, security in aviation
Despite facing challenges like regulatory compliance and interoperability, blockchain promises to revolutionize airline operations, offering improved passenger experiences.Despite facing challenges like regulatory compliance and interoperability, blockchain promises to revolutionize airline operations, offering improved passenger experiences.
Blockchain technology is revolutionizing aviation with enhanced transparency, security, and operational efficiency, promising significant cost savings, says Aerobloc's founder.
Reforms accelerate positive gender equality in MENA
"We are working towards creating a more balanced environment where women can succeed alongside men in overcoming future challenges. There...Sheikha Hessa Saad Al-Abdullah Al-Sabah, Chairwoman of the Council of Arab Businesswomen, emphasized the need for women's economic empowerment and increased opportunities
Sheikha Hessa highlights the importance of collaboration for achieving workplace gender equality and the role of women in achieving the UN's 2030 Sustainable Development Goals.
Dubai Airshow 2023 to see 1,400 exhibitors from 95 countries
DUBAI, UAE – The biggest edition of the Dubai Airshow, a significant global event for the aerospace, space and defense...More than 1,400 exhibitors from 95 countries and over 300 international speakers will gather at the at Dubai World Central.
Dubai Airshow 2023 is also set to welcome leading and new airlines from across the globe, ready to showcase new concepts to the industry.
Request for qualification issued for 3700MW Saudi solar projects
Riyadh, Saudi Arabia -- The Saudi Power Procurement Company (SPPC) has released request for qualification (RFQ) for the fifth round...The request for qualification has been released for the fifth round of solar projects under the National Renewable Energy Program.
The combined capacity of Round 5 projects is approximately 3700 MW. These include the 2000 MW Al Sadawi IPP to be located in the Eastern province.
Dubai Land Department calls for engaging accredited valuation offices
DUBAI, UAE – The Dubai Land Department (DLD) is committed to providing property owners with easily accessible resources to reinforce...The list of accredited valuation offices is available on DLD’s official website and the Dubai REST app.
This will help ensure a fair and transparent approach concerning real estate assets and liabilities.
Burgan Bank Sells 52% stake
The stake in its Turkish subsidiary BBT was sold to Rawabi Holding.While the sale represents a majority ownership transfer, Burgan Bank will retain operational control over BBT.
The move is strategically poised to fortify the bank's capital structure and shield against the impact of fluctuating Turkish lira exchange rate.
EVIQ to set up infra for EVs in KSA
PIF, SEC JV's brand name for EV infrastructure is EVIQ.EVIQ will support electric vehicle adoption in Saudi Arabia by building best-in-class infrastructure and creating a nationwide network of fast-charging hubs.
This will help enable and encourage the use of electric vehicles across Saudi Arabia, in line with the sustainability goals of the Kingdom.
