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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.
  • Amazon launches first Starlink-rival internet satellites

    Project Kuiper, a subsidiary of the online retail giant founded by Jeff Bezos, is playing catch-up with Starlink - SpaceX's...

    The $10 billion initiative plans to deploy 3,200 satellites into low Earth orbit - the region of space up to 1,200 miles - with hopes of going live later this year

    SpaceX launched the first batch of Starlink satellites in 2019 and now boasts more than 6,750 operational units, serving over five million customers worldwide

  • Aramco, unit and Sinopec ink $4bn deal

    The two companies will establish a joint venture company.

    Sinopec and its unit shall contribute $990 million and $1.98 billion in cash, respectively.

    AAS will allocate the remaining amount, representing 25 percent of the JV’s registered capital.

  • Amazon set for launch of its first batch of Starlink-rival satellites

    Washington, United States -- After delaying an earlier attempt due to bad weather, Amazon is preparing to launch its first...

    The mission, called Kuiper Atlas 1, is scheduled to lift off from Cape Canaveral Space Force Station in Florida at 7:00 pm local time (2300 GMT).

    The $10 billion initiative plans to deploy 3,200 satellites into low Earth orbit -- the region of space up to 1,900km above the planet.

  • Etihad unveils new A321LR aircraft

    A321LR features First Suite - a private, enclosed space with a sliding door.

    The airline highlighted the aircraft's enhanced guest experience, including a first-class offering typically found on larger planes.

    The aircraft features new First Suites with sliding doors and lie-flat beds, 14 lie-flat business-class seats with direct aisle access, and upgraded economy seating.

  • Gen Z travellers in UAE seek purposeful, tech-enabled journeys: Wyndham study

    Dubai, UAE - Gen Z travellers in the UAE are reshaping the future of tourism, prioritizing cultural immersion, sustainability, and...

    The study, conducted by YouGov, found that nearly two-thirds (63%) of Gen Z respondents prefer accommodations that reflect local culture

    Meanwhile, social media platforms like Instagram and TikTok are driving travel choices for 26% of them, with 79% already using or eager to use AI tools to plan their trips

  • stc Group Q1 net profit up 11.05%

    The Group reported a revenue of $5.12 billion.

    The group distributed SAR0.55 per share for the first quarter of 2025, in accordance with the dividends distribution policy approved by the General Assembly.

    Gross profit rose by 5.01 percent to SAR 9.098 million, operating profit increased by 2.02 percent to SAR 3.584 billion, and EBITDA grew by 5.25 percent to SAR 6.120 billion. 

  • Screens, drones, massages: Shanghai flaunts the future of cars

    Shanghai, China -- At the huge Auto Shanghai industry show this week, the chatter was less about powerful engines and...

    Chinese consumers place more value on interior comfort compared to other markets, according to European carmakers.

    Visitors at Auto Shanghai queued to sit in luxurious minivans with chrome radiator grilles and reclining rear seats.

  • Trump trade war pushes firms to consider stockpiling

    Even if they don't all acknowledge it so openly, firms in many different sectors are stockpiling their products in the United...

    Whether it's the luxury, electronics or pharmaceutical sectors, US President Donald Trump's unpredictability complicates the calculations of firms.

    Some companies didn't wait for Trump's April 2 announcement of massive "reciprocal" trade tariffs: they had already begun shipping more of their goods to the United States.

  • ‘Something new for the honey market’: Austria trials DNA testing to uncover fraud

    Voels, Austria -- At a laboratory in Austria's mountainous Tyrol province, scientists are DNA testing about 100 honey samples a...

    With fake honey flooding markets, and only a few European laboratories running such analysis, the small Austrian company Sinsoma began offering the tests two years ago.

    Between 2021 and 2022, 46 percent of the honey tested under an EU investigation as it entered the bloc was flagged as potentially adulterated, up from 14% in the 2015-17 period.

  • Chinese firms extend EV range with petrol generators

    The generator, known as a range extender, is connected to the cars' batteries and feeds them only when needed. Since...

    This technology grew faster in China last year than any other type of powertrain, the system that propels a vehicle forward.

    More than one million EREVs were sold, representing a total market share of six percent, according to the McKinsey consultancy.