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BP announces $7bn gas project

The project aims to unlock 3 trillion cu ft of gas resources in Indonesia.

Lulu Retail Q3 profit $35m

For the nine-month period, net profit increased by 73.3%.

Talabat IPO offer price range announced

The subscription will close on 27 Nov for UAE retail investors.

Salik 9M net profit $223m

The company's third-quarter profit increased by 8.8 percent.

Avia to buy 40 Boeing aircraft

The transaction for the purchase of 737 MAX 8 jets valued at $4.9bn.
  • Iran signs deals worth US$13bn to boost oil production

    The oil ministry and Iranian businesses signed deals worth $13 billion to increase daily oil production in six major fields....

    Last year Iranian oil minister promised the country's oil production would reach 3.6m bpd

    Iran's oil sector suffered a blow in 2018 when Western sanctions were reimposed

  • Iran signs big contracts to increase oil production

    Iran sealed contracts worth billions of dollars with domestic companies to boost its oil production in the face of Western...

    Iranian Oil Minister Javad Owji had said that oil production would reach 3.6 million barrels per day by the end of the Persian year on March 19.

    Iran's oil sector suffered a blow in 2018 when Western sanctions were reimposed, forcing foreign companies to leave the country,

  • Gemini’s inaccurate AI racial images warn of tech titans’ power

    AUSTIN, US – For people at the trend-setting tech festival here, the scandal that erupted after Google's Gemini chatbot cranked out...

    Gaffes such as the images of ethnically diverse Nazi troops forced Google to temporarily stop users from creating pictures of people.

    Social media users mocked and criticized Google for historically inaccurate images, like those showing a female black US senator from the 1800s.

  • Nakheel, Meydan join Dubai Holding

    The Board of Directors of both Nakheel and Meydan will be abolished.

    Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum directed the two to merge under Dubai Holding under the leadership of Sheikh Ahmed bin Saeed Al Maktoum

    He said the goal is to create a more financially efficient entity, owning assets worth hundreds of billions, and comprising global expertise across various sectors

  • Saudi Arabia takes part in global mineral and mining meet in Canada

    RIYADH, SAUDI ARABIA – A delegation comprising several entities from the Kingdom’s industry and mineral resources' system participated in PDAC...

    The Saudi delegation held meetings with teams from Canada, the Czech Republic and Ecuador.

    These are part of the 85 meetings they will hold with officials of countries and global firms participating in the event.

  • ExxonMobil makes new oil discovery

    The oil and gas strike is the first of 2024.

    The oil and gas strike, the first of 2024, was in the Stabroek block, the company said Friday

    Drillers "encountered approximately 197 feet (60 meters) of hydrocarbon-bearing sandstone," Exxon said

  • Gulf aviation industry sets sky-high standards

    "The demand from certain sectors indicates a strong interest in First Class, prompting us to introduce a newly-designed First Class...

    Qatar Airways CEO, Engr. Badr Mohammed Al Meer, emphasizes innovation in elevating customer experience amidst growing competition.

    Digital innovation drives organizational efficiencies, supporting the expansion of Qatar Airways into growth markets like China and India.

  • UAE’s working mothers get extended maternity leave

    The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120...

    The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, says Kathryn Martin of VFS Global.

    This initiative, led by companies like VFS Global, not only enhances employee well-being but also promotes gender equality and diversity in the workplace, she adds.

  • Air Arabia shareholders approve 20% dividend for FY2023

    SHARJAH, UAE – Air Arabia shareholders approved the distribution of a 20 percent cash dividend for the financial year ended...

    The dividend, which is equivalent to 20 fils per share, underscores another year of record financial performance.

    In 2023, Air Arabia added 26 new routes to its global network from its operating seven hubs.

  • Du, Samsung ink agreement

    The two companies have signed a three-year partnership.

    This collaboration allows for expansion in the business-to-consumer (B2C) and business-to-business (B2B) segments.

    The companies will also collaborate on reaching the younger generation, with joint participation in events like the Dubai Esports Festival.