The main international and US oil contracts briefly bounced off their lows as Israel and Iran accused each other of...
As most currencies in the region are pegged to the US dollar, monetary policy follows the decisions taken in Washington,...
Its pre-tax profits touched US$12.9bn in Q1 of 2023.The bank posted a $9-billion jump in pre-tax profits in the first quarter of 2023, projecting strong earnings for the rest of the year.
Quinn added that HSBC has also announced its "first quarterly dividend since 2019 of $0.10 per share" and a share buy-back of up to $2 billion
Riyadh, Saudi Arabia-- The Saudi Center for Commercial Arbitration (SCCA) has published the 2023 revised SCCA arbitration rules with effect...With the publication of revised rules, SCCA court will become fully functional and replace the existing SCCA Committee for Administrative Decisions
According to SCCA, the new rules are in line with international standards in the arbitration industry followed by renowned institutions across the world
The company reported an increase in its EPS to QR 0.014.The company's net profit rose by 37.89 percent to reach QR 4.552 million ($1.253 million)
It also reported a rise in its Earnings Per Share (EPS), which amounted to QR 0.014 ($0.0039)
Riyadh, Saudi Arabia-- Saudi Arabia is looking to attract some US$26 billion dollars worth of investment in the machinery and...The investment aims to give impetus to the National Industry Strategy that seeks to widen the industrial base, cut imports by up to 50% and push exports
NIDC, according to the minister, has partnered with the Public Investment Fund (PIF) to create a business model for taking advantage of the investment opportunities
In the wake of reporting a drop in profit during the first three months of the year, the bank aims...According to media reports, the bank at the end of last year trimmed nearly 2 percent of its staff or some 1,600 positions
Financial institutions have been hit hard by a slump in dealmaking caused by the Fed's fight against inflation and the banking crisis
SHARJAH, UAE -Â Over 3.8 million passengers traveled through Sharjah Airport in the first quarter of 2023, recording a 28.01...The aircraft movement in Q1 of 2023 rose by 9.02 per cent, with 23,261 flights compared to 21,336 flights during the same period in 2022.
There have been continued efforts by Sharjah Airport Authority to increase passenger numbers and aircraft movements.
She was highlighting key industry challenges such as environmental pressures and rising costs, during the opening of the Sharjah International...Prominent booksellers, publishers, and experts from 69 countries participate in Sharjah International Booksellers Conference, which facilitates discussions on industry trends
Sustainability, generative AI, industry transformation remain prime focus of the discussion as Sharjah emphasizes the importance of collaboration and effective communication
The share buyback is expected to enhance shareholder value.The shareholders recommended Eshraq increase the shareholder distribution via an increased share buyback program.
The buyback will capitalize on the current share price discount compared to the company’s book value.
Abu Dhabi, UAE - ADNOC Gas announced Monday a three-year supply agreement with the TotalEnergies Gas and Power Limited for...Under the deal, ADNOC Gas will supply TotalEnergies LNG, which will be delivered to various export markets around the world.
"This agreement reflects our commitment to meeting the needs of our customers by offering supply security," said CEO ADNOC Ahmed Alebri.
Abu Dhabi, UAE - Etihad Cargo added a fourth gateway destination to its Chinese network with the introduction of weekly...With the start of two weekly freighter services between Abu Dhabi and Wuhan, Etihad Cargo will operate a total of ten freighter services to China.
The flights between Abu Dhabi and Wuhan will give Etihad Cargo's partners and customers greater accessibility to 25 domestic Chinese destinations.
