Aldar net profit $1.19bn
Expanded investment and record development sales boosted profit.Company News Business
Aramex Q4 net profit doubles
The firm reported a marginal YoY decline in Q4 revenue.Company News Business
Al Awali to raise US$133m
The Saudi developer will offer 20% of its shares on Nomu.the Saudi real estate developer will float its stake by the first quarter of 2023 as a step toward obtaining the funds that will be needed for the expansion plans
The company has a capitalization of $53.33 million, and its shares are expected to be offered at between SR25 and SR32
OPEC’s World Oil Outlook to be launched at ADIPEC on Oct 31
This year’s publication will again be accompanied by a smart app to give increased access to the WOO’s vital analysis...This year’s publication will again be accompanied by a smart app to give increased access to the WOO’s vital analysis and energy data
First published in 2007, the WOO provides an in-depth review and analysis of the global oil and energy industries
Trust in digital services increases across MENA region despite rising online security threats
MENA residents' satisfaction and expectations about how services can and should be delivered have been radically altered due to the...MENA residents' satisfaction and expectations about how services can and should be delivered have been radically altered due to the COVID-19 pandemic
Increased interest and spending on technological infrastructure, especially artificial intelligence is in line with the global trend toward digitization
flydubai, Smartwings sign agreement
flydubai will wet lease four Next-Generation Boeing 737-800 aircraft.flydubai currently operates a single-fleet type of Boeing 737 aircraft that includes 32 Next-Generation Boeing 737-800, 33 Boeing 737 MAX 8 and three Boeing 737 MAX 9.
The all-Economy Class aircraft will operate on select routes on the flydubai network including Chattogram, Colombo, Dhaka, Karachi, Multan, Muscat and Sialkot.
Germany fills 95 percent of gas reserves as winter draws near
Berlin, Germany - Germany on Friday said it had filled its gas reserves to 95 percent of capacity faster than...Europe's largest economy had been heavily dependent on Russian gas and has raced to bolster its reserves after deliveries from Russia halted.
The government said energy-saving measures in recent weeks and massive purchases of gas from other suppliers had led to significant progress.
US banks report solid results, warn of rising recession risk
Large US banks reported a round of solid quarterly profits, but cautioned of rising recession risks as the economy absorbs...There are worries including on stubborn inflation that has prompted significant central bank interest rate hikes.
There are concerns over geopolitical fallout from the Ukraine crisis, uncertainty in the oil market and worries about European energy security this winter.
Russia’s Rosneft sues Germany over refinery seizures
Russian oil giant Rosneft has filed a complaint against the German government for taking control of its German-based refineries, a...Berlin in September took control of Rosneft's German subsidiaries, which account for about 12 percent of oil refining capacity in the country.
Germany said the dramatic move last month was necessary to counter "a threat to the security of energy supply", as relations with Russia deteriorate.
By 2030, TAQA targets a 25% reduction in greenhouse gas emissions
The strategy includes the national low-carbon power and water champion’s interim greenhouse gas (GHG) emissions reduction goals.The strategy includes the national low-carbon power and water champion’s interim greenhouse gas (GHG) emissions reduction goals
TAQA will focus on the decarbonisation power and water supply, electrification across sectors to support more efficient use of power and water
Mubadala buys stake in EQT Infrastructure’s GlobalConnect
GlobalConnect is a fiber-based data center services provider.Headquartered in Stockholm, Sweden, GlobalConnect is a fiber-based data communication and data centre services provider.
The company was created in 2019 through the combination of four independent fiber platforms in Denmark, Norway and Sweden.
Abu Dhabi’s Environment Agency holds training for industries
The Environment Agency - Abu Dhabi (EAD) organized two training workshops on the Green Industries environmental labeling program.The Green Industries program aims to recognize industrial facilities that adopt green processes and operations.
The workshops, held digitally, were attended by over 135 industrial facilities from various sectors in Abu Dhabi.
