The UAE Ministry of Finance set a 5.06% annual profit rate for its second five-year Sovereign Retail T-Sukuk issuance. Subscriptions...
The 33rd edition, held under the theme "Travel 2040: Driving New Frontiers Through Innovation and Technology," saw the launch of...
Washington, United States -- Tesla announced an "interim" compensation award worth about $29 billion for Elon Musk on Monday, asserting...The award comes as Tesla challenges a Delaware court ruling that struck down a 2018 package of about $55.8 billion.
The move comes amid a fierce battle for top engineering talent as companies like Google and Meta compete for leadership on artificial intelligence.
Amman, Jordan -- Jordan has seen a decrease in the number of tourists visiting its famed ancient city of Petra...According to figures from the Petra tourism authority carried by official media, 32 hotels have had to shut down and nearly 700 people have lost their jobs.
Petra, famous for its stunning temples hewn from rose-pink cliff faces, is a UN World Heritage site.
Dubai, UAE -- The first half of 2025 saw the completion of 24 real estate projects valued at AED 4.5...This momentum is part of a wider growth trajectory, with 726 projects currently under construction across the emirate.
Dubai’s real estate market registered 90,337 new real estate units during the first half of the year.
Adjusted EBITDA rises to $2.36bn.The group’s financial position remains robust, with total assets of AED198.4 billion and equity of AED98.1 billion.
This quarter, Alpha Dhabi Holding and four of its portfolio companies featured in the Forbes Top 100 Listed Companies in the Middle East 2025.
The H1 revenue stood at $2.72 billion.Adjusted EBITDA for the second quarter was $440 million.
The company has proposed an increased minimum interim dividend of 8.1 fils per share for H1.
Riyadh, Saudi Arabia -- Saudi Arabia's real Gross Domestic Product (GDP) grew by 3.9 percent in the second quarter of...Flash estimates of GDP for Q2 say non-oil activities recorded the highest growth at 4.7 percent.
The estimates, released by GASTAT, said oil activities grew by 3.8 percent and government activities at 0.6 percent.
Shares of Microsoft vaulted 5.3 percent after it reported $27.2 billion in quarterly profits as it touted massive investments in...About 25 minutes into trading, the tech-rich Nasdaq Composite Index was up 1.3 percent at 21,396.04.
The gains came as President Donald Trump announced a trade deal with South Korea that imposes a 15 percent tariff on imports from the Asian country.
From June-Sept, in harvested fields cleared of stubble, merchants bring their cargo to age in the sun, tempering the bright...In the past, up to 60,000 carpets were processed in each three month drying season in the Dosemealti district.
But today he is one of the last ones to do so, with around 15,000 carpets stored side by side on a 40-hectare (100 acre) area.
The company posted a net profit of $692m.The company's Board of Directors approved the $217 million (approx. 5 fils per share) second quarterly dividend for 2025.
The dividends are expected to be paid in the second half of August 2025 to all shareholders of record as of 8th August 2025.
Dubai, United Arab Emirates -- Dubai International Airport welcomed a record 46 million passengers in the first half of this...The facility marked its busiest first half on record with a 2.3 percent YoY growth, Dubai Airports said in a statement, "despite temporary airspace disruptions in May and June."
During the 12-day Iran-Israel war, airlines cancelled flights to many Middle East destinations as some governments closed their airspace.
