Search Site

Trends banner

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

ADNOC Drilling secures $1.15bn contract

The contract for two jack-up rigs begins in the second quarter.

Etihad Q1 profit $187 million

This is a 30% YoY increase over Q1 2025.

Yalla Group Q1 revenue $83m

Net income rose to $36.4 million, a 17% YoY increase.
  • BCCI yet to hear officially about Saudi interest for stakes in IPL

    NEW DELHI, INDIA - Recent reports of Saudi Arabia expressing an interest in buying a stake in the Indian Premier League...

    The plan is being seen as another move by the oil-rich kingdom to be the biggest ‘soft power’ in the West Asian region.

    Saudi Arabia is now the sole bidder for the 2036 FIFA World Cup and the Saudi Pro League boasts the crème de la crème of global footballers

  • DEWA Q3 2023 revenue $2.5bn

    The revenue was driven by demand for electricity, water.

    For January-September 2023, DEWA’s consolidated revenue totalled US$6 billion with an operating profit of US$1.8 billion.

    By the end of Q3 2023, DEWA’s net cash from operating activities increased by a robust US$205 million to US$2.6 billion.

  • Japan to invest $13 billion on semiconductors and generative AI

    Tokyo, Japan - Japan's government said on Friday that it plans to spend 2 trillion yen ($13 billion) to boost domestic...

    The planned outlays will include 700 billion yen ($4.6 billion) to support the construction of a Taiwan Semiconductor Manufacturing Company (TSMC) plant in Kumamoto.

    Japanese trade ministry said the government will also spend 650 billion yen ($4.3 billion) to support Japanese startup Rapidus, which aims to develop next generation microchips.

  • Dubai’s weeklong real estate transactions exceed AED10.3bn

    Dubai, UAE -- The total value of real estate transactions conducted in Dubai during the week ending 10 November 2023,...

    The DLD report showed that 1,782 sales transactions worth AED7.4 billion were conducted, with 396 plots sold for AED3.99 billion.

    The total value of mortgaged properties for the week reached AED1.86 billion. A total of142 properties were granted between first-degree relatives worth AED1 billion.

  • TASI-listed firms report an aggregate net profit of $48.1bn in Q3   

    RIYADH, SAUDI ARABIA - Tadawul-listed companies reported a US$48.1 billion (SAR 157.09 billion) aggregate net profit for the third quarter...

    Sector-wise, the energy sector contributed the largest portion of the aggregate net profit of Saudi listed companies in Q3 2023.

    The banking sector accounted for 11.5 percent of the market’s aggregate profit, coming in second in terms of the most profitable sectors.

  • Qatar records real estate contracts worth $60 million in five days

    Doha, Qatar - The real estate market in Qatar witnessed a significant surge in trading activity as the Department of...

    The total value of sales contracts specifically for residential units during the same period amounted to above QR 705 million

    Sales were notably concentrated in key municipalities of Al Rayyan, Doha, Al Daayen, Umm Salal, Al Wakrah, Al Khor and Al Dakhira.

  • ADNOC Distribution Q3 net profit $227m

    The EBITDA increased by 28% YoY to $303 million in the third quarter.

    ADNOC Distribution witnessed a healthy 21 percent Y-o-Y increase and a 5 percent quarter-on-quarter (Q-o-Q) growth in total fuel volumes.

    It anticipates paying a minimum of $350 million (AED1.285 billion), or 10.285 fils per share, as the second six-month dividend of 2023 in April 2024.

  • MIS net profit $7.1m in 9M 2023

    Riyadh, Saudi Arabia -- Al Moammar Information Systems Co. (MIS) recorded a net profit of SAR 26.7 million ($7.1 million) in the...

    The lower profit was attributed to an increase in impairment loss on contract assets and trade receivables during the quarter, Argaam reported.

    In Q3 2023, the company swung to a net loss of SAR 69.4 million against a net profit of SAR 25 million in Q3 2022.

  • Samsung to add real-time translation to smartphone model

    Samsung is the world's largest smartphone maker accounting for a fifth of global sales between July and September, as Apple...

    The new real-time translation feature will be incorporated into Samsung's new Galaxy flagship model, which will launch next year

    It will enable "real-time translation in audio and text as the callers are on the line", the spokesman of Samsung said

  • NEOM opens London office as base for UK and European business

    London, United Kingdom – NEOM, the sustainable regional development taking shape in northwest Saudi Arabia, has opened its first international...

    The opening of the office is part of the NEOM’s effort to expand its international footprint

    As the first international office, the UK office will also serve as a base to support NEOM’s business across Europe