Search Site

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.
  • World Investment Forum 2023 ends with call for greater private and public investment

    Abu Dhabi, UAE – UNCTAD's 8th World Investment Forum came to a close on Friday in Abu Dhabi with a...

    The week-long event saw the convergence of 8,000 participants, including government officials, international organizations, policymakers, 700 CEOs and investors

    Held against the backdrop of a fragmented global economy, the forum addressed the profound impact on global trade and investment

  • Volkswagen revenue up

    The automaker made sales to the tune of US$83.5bn in Q3.

    The automaker's operating profit for the quarter also increased, to around $5.19 billion, on an operating margin of 6.2 percent.

    The company's sales saw a 20-percent jump in Western Europe, delivering 2.34 million vehicles over the July-September period

  • Palms Sports posts Q3 profit

    Its revenues rose 77% to US$92m in the same period.

    The company's revenue from contracts climbed 77% in Q3, surging from $58.43 million to $92 million

    Its CEO and MD Fouad Darwish said they expect Q4 to "a healthy growth year for Palms Sports"

  • KSA, Kuwait lead as Islamic banking prospers in GCC

    With the support of Vision 2030 projects and a surge in real estate lending, the banking sector's performance in the...

    With the support of Vision 2030 projects and a surge in real estate lending, the banking sector's performance in the Gulf region has been commendable, says a report

    Despite challenges such as intricate transactions and the demand for universal standards, the potential of financial technology and green financing is immense, it adds

  • Lebanon national carrier halves flights amid fears of Israel war

    BEIRUT, LEBANON -  Lebanon's national carrier on Friday said it was cutting more than half of its flights as tensions along...

    Only eight of the Middle East Airlines company’s 22 planes would operate as of next week, with the rest of the fleet relocated to other airports.

    Other airlines, including Swiss International Air Lines and Germany's Lufthansa have already temporarily suspended Beirut flights,

  • DCT signs MoU with Microsoft to transform Abu Dhabi tourism

    Dubai, UAE -- The Department of Culture and Tourism - Abu Dhabi (DCT Abu Dhabi) and Microsoft have signed an...

    Activities under the MoU will also drive growth, foster innovation and enhance knowledge among DCT Abu Dhabi employees.

    The MoU spans across the optimization, automation, and modernization of IT and security infrastructure and will be enabled by Microsoft’s cloud computing platform Azure.

  • Air Arabia launches non-stop flights between UAE’s Sharjah, Egypt’s Giza

    SHARJAH/ ABU DHABI, UAE -  Air Arabia announced the launch of a new route operating between Sharjah and Giza city...

    The non-stop flights will connect Sharjah International Airport with Giza and will have a frequency of five weekly flights.

    British Airways announced that it will launch daily flights from London to Abu Dhabi next year.

  • MAWANI and SGP sign $266m contract

    They will establish a logistics zone in King Abdulaziz

    The zone will provide major logistics services, unique solutions, integrated services, and environmental systems, including warehouses and yards.

    It will also include a warehouse and re-export area to provide sorting, regional distribution, and value-added operations.

  • Indian firm halts uniform sales to Israel police over Gaza war

    Maryan Apparel in the southern state of Kerala said it had supplied around 100,000 uniforms to Israel's police force for...

    Statement of Maryan Apparel said that a strike on a hospital and the "loss of thousands of innocent lives" in the conflict had prompted the decision

    According to the statement, the Indian firm will fulfil its existing commitments to Israel, which end in December, but will not take new orders

  • Saudi Arabia, Singapore sign MoU on mutual recognition of halal certificate

    Riyadh, Saudi Arabia - The Saudi Food and Drug Authority (SFDA) signed Thursday a memorandum of understanding (MoU) with the...

    The MoU aims to develop procedures for conformity assessment, standard specifications, and technical regulations for issuing these certificates

    It also ensures mutual recognition between the two sides for exported local products as well as the exchange of expertise and knowledge