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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.

Qatar Airways annual profit $2bn

This was a record 28% jump in annual net profit.

Masdar issues $1bn bond

Its green bond program hits $2.75 billion.
  • Saudi EXIM Bank, Trafigura sign pact

    The bank will extend three-year credit facility of $500 million.

    The agreement is aimed at facilitating the purchase of domestically produced commodities from Saudi Arabia

    It will also enable Trafigura to connect Saudi producers to more than 156 markets worldwide, the bank said.

  • Markets mostly up but US rate outlook feeds uncertainty

    With inflation still sitting well above the central bank's target and the labor market showing few signs of softening, decision-makers...

    All three main indexes on Wall Street tanked Tuesday, shedding more than one percent apiece.

    Asia started on the back foot but most markets managed to eke out gains following a painful start to the week.

  • EDGE, Brazil Marine Corps sign pact

    A technical cooperation agreement will follow the signing.

    EDGE recently announced a strategic partnership with the Brazilian Navy to co-develop a long-range anti-ship missile.

    The signing ceremony took place in the city of Rio de Janeiro as part of an ongoing EDGE leadership visit to key local government offices.

  • AMEA reaches financial closure on PV plant

    The $86m project will be AMEA's first operational asset in Tunisia.

    The solar plant is being implemented by Kairouan Solar Plant, a project company registered in Tunisia and wholly owned by AMEA Power.

    The project is being financed by IFC, a member of the World Bank Group, and the African Development Bank (AfDB).

  • Police hold boss of troubled developer China Evergrande: report

    Xu Jiayin, who is known as Hui Ka Yan in Cantonese, was taken away by authorities earlier this month, according...

    Evergrande stocks in Hong Kong fell precipitously on Wednesday afternoon following a moderate rise in morning trading, closing the day 19 percent down

    Chinese property developer Evergrande's enormous debt has contributed to the country's deepening property sector crisis, raising fears of a global spillover

  • ChatGPT maker value rockets in funding talks: report

    The estimated worth for the company behind generative artificial intelligence platform ChatGPT is nearly triple that of just a year...

    OpenAI this week said it is adding voice and image capabilities to the platform, which was previously limited to written prompts

    Voice and image capabilities are being rolled out to ChatGPT Plus and Enterprise users over the course of the coming weeks

  • Morocco looks to become key player in green hydrogen

    According to the country's economy minister, around 1.5 million acres of public land -- nearly the size of Kuwait --...

    It hopes to harness green hydrogen -- the kind made without burning fossil fuels -- for its sizeable fertilizer sector

    Hydrogen is seen as a clean energy source that can help the world reduce atmospheric carbon emissions

  • Iran to sign long-term contract with India on Chabahar Port

    Tehran, Iran-- Iran will sign a long-term contract with India to develop Chabahar Port, according to the Islamic republic's minister...

    The Iranian minister said that a long-term contract to operationalize Chabahar Port will be signed with India in the near future

    He said that in order to develop the country's transit, it is important to develop north-south corridors with a rail connection

  • DP World spends US$6bn

    It invested the money to be a big supply chain player.

    DP World's CEO, Sultan Ahmed bin Sulayem, made the remarks during the 21st Arab Media Forum in Dubai, at a session titled ‘Trade in a Changing World’

    He said the company made the switch from operating ports to becoming a global leader in smart end-to-end supply chain logistics, facilitating worldwide trade flows

  • China grants Approved Destination Status to Saudi Arabia

    RIYADH, SAUDI ARABIA – China on Tuesday granted Approved Destination Status (ADS) to the Gulf Kingdom.The bilateral agreement, signed on...

    The bilateral pact allows Chinese citizens to travel to Saudi Arabia in group tours in addition to facilitating greater ease of access.

    ADS will drive greater connectivity between Saudi Arabia and China and unlock new opportunities across the tourism ecosystem.