Operating income for 2025 increased 22% to SAR 39 bn.
Abu Dhabi, UAE -- The UAE Ministry of Finance said on Sunday it had launched its first-ever seven-year tranche of...
ABU DHABI, UAE - Some employees who failed to meet an October 1 deadline to sign up to the UAE's...Subscribers to the unemployment insurance scheme can make a single payment to cover the year's subscription or quarterly or monthly payments.
The policy aims to provide a vital safety net for workers in the public and private sector if they lose their job.
Alstom said it aims to cut debt by 2 billion euros by March 2025.Alstom posted last month a negative cash flow of 1.15 billion euros ($1.25 billion) in the first half of its fiscal year.
The group said it was working on a "comprehensive operational, commercial, and cost efficiency plan" to reinforce its balance sheet.
"Once we've reached about 120 million (passengers a year), which is what we think our total capacity at DXB (Dubai...Dubai Airports CEO Paul Griffiths said designs were being drawn up for Al Maktoum International Airport, which will be built on the city's outskirts
Third-quarter traffic was 22.9 million, the highest since 2019, taking 2023 numbers so far to 64.5 million, nearly 40 percent higher than the same period in 2022.
This marks 16% increase compared to the same period last year.The company's focus on market-leading underwriting and investment performance resulted in a net profit of AED 301.9 million
ADNIC's recently announced its intent to acquire a 51% stake in Allianz Saudi Fransi Cooperative Insurance Co
Dubai, UAE -- EDGE, one of the world's leading advanced technology and defense groups, announced that it bagged an AED...EDGE entity LAHAB DEFENCE SYSTEMS, the UAE’s sole munitions manufacturer, was awarded the contract.
It includes the production and delivery of the MK 81, MK 82, MK 83, and MK 84 general-purpose aircraft munitions.
- Latest generation Safran Seats for new Emirates Airbus fleet part of the deal.
The new seats will offer a host of enhancements that set a new standard for comfort, privacy and convenience.
Safran Landing Systems will be supplying high performance wheels and carbon brakes for the Emirates A350 fleet.
RIYADH, SAUDI ARABIA – The Saudi Ports Authority (Mawani) and CMA CGM launched on Wednesday a new logistics park at...The new logistics park will offer solutions and integrated environmental services and systems.
It will offer an export center, storage and sorting services and refrigerated storage services.
Riyadh, Saudi Arabia -- Saudi Arabia's consumer price index experienced a slight decrease in October, dropping to 1.6 percent from...The General Authority for Statistics reported that this decrease in inflation was primarily due to a 0.8 percent reduction in personal goods and services expenses.
The prices for furnishings and household equipment saw a monthly decline of 0.3 percent, alongside a similar decrease in clothing and footwear expenses.
- DUBAI, UAE – Tawazun Council announced the signing of 11 deals, worth US$1.8 billion (AED 6.9 billion), with local and...
The biggest contract- worth US$898 million was awarded to a company to procure an air defense system.
The second largest local contract, worth US$200 million was signed for aircraft maintenance services.
The company's third-quarter revenue grew by 8% to $5.80 billion.Net income for the quarter increased by 13 percent quarter-on-quarter (Q-o-Q) to $1.116 billion.
ADNOC Gas expects to pay its inaugural interim cash dividend of $1.625 billion with payments commencing on 14 December 2023.
