New York, United States -- ChatGPT-maker OpenAI has enlisted the legendary designer behind the iPhone to create an irresistible gadget...
Sharjah, UAE -- Sharjah's real-estate market during May 2025 recorded a total of 8,415 transactions worth AED 5.5 billion. Of...
Firm has committed $2 billion for more such carriers.The very large crude carrier is a four dual-fuel engine ship – which can also run on liquefied natural gas.
The carriers, which can carry up to 2 million barrels of crude per voyage, were built in South Korea.
The Saudi energy developer will be allocated 3,000 sq km of land.Once operational, the wind farm is expected to produce approximately 50,000 gigawatt-hours of clean energy annually.
It will provide electricity to around 11 million households and significantly reduce carbon emissions by 25.5 million tons per year.
RIYADH, SAUDI ARABIA – Saudi Arabia and Japan issued a joint statement on Lighthouse Initiative for Clean Energy Cooperation. The...Recognizing net-zero and clean energy ambitions, both sides decided to establish the KSA-Japan Lighthouse Initiative for Clean Energy Cooperation.
The initiative will serve as a beacon for other countries and regions as they develop their strategies and roadmaps toward their net zero ambitions.
- Riyadh, Saudi Arabia -- Aramco, TotalEnergies and SABIC have completed for the first time in the Middle East and North...
The plastic pyrolysis oil, also called plastic waste derived oil (PDO), was processed at the SATORP refinery jointly owned by Aramco and TotalEnergies, in Jubail, Saudi Arabia.
The process allows the use of non-sorted plastics, which can be difficult to recycle mechanically, and consequently contributes to solving the challenge of end-of-life plastics.
- DUBAI, UAE – The city has registered a strong year-on-year growth of 44 percent in business event bid wins in...
Dubai Business Events worked with partners and stakeholders to win 143 conferences, congresses, meetings and incentives in H1 2023.
These events are expected to bring over 94,000 additional visitors to the city, including global experts and leaders in their respective fields.
The company's sales increased by 19.92 percent.The gross profit fell by 1.8% due to discounts to promote sales, and due to the change in the sales mix towards the relatively less profitable sections.
The fall in net profit for H1 was also attributed to an increase in selling and marketing expenses to promote sales.
DUBAI, UAE - The Dubai Supreme Council of Energy (DSCE) has received the ISO 50001:2018 in energy management systems and...This followed a comprehensive assessment conducted by W3 Solutionz - USA through CanaGulf International Standardization.
The audit process conducted by CanaGulf International Standardization was based on several guiding principles.
The issuance will be made under a $200m program.The company has mandated Citigroup, Dubai Islamic Bank, HSBC, J.P. Morgan and Standard Chartered Bank as joint lead managers.
The issuance value will be determined later based on market conditions at that time, Almarai said.
It sold the sub-Saharan Africa business to Access Bank.Last year, the bank decided to divest from a number of markets, in Lebanon, Angola, Cameroon, Gambia, Sierra Leone, Zimbabwe and Jordan
The two entities will work together to ensure a seamless transition, with the transaction expected to be completed over the next 12 months
The net profit shot up to US$538m in H1 of 2023.The bank said its earnings per share amounted to QR 0.83 on June 30, 2023 as against QR 0.77 in the same period of last year
The total assets the bank now stand at $50.27bn., financing assets reached $33bn and customer deposits now stand at $32.14bn
