The company said it will maintain a $1.3bn dividend for 2025.
- Abu Dhabi, UAE -- Abu Dhabi’s real estate market recorded AED10.6 billion in transactions in January, totaling 2,514 property deals....
Riyadh, Saudi Arabia--- The Saudi Broadcasting Authority (SBA) and three international companies with expertise in the technological and media sectors...The agreements were signed at the Future of Media Exhibition (FOMEX), which was hosted in Riyadh alongside the 22nd Arab Radio and TV Festival.
The Arab Radio and TV Festival was for the first time held outside Tunisia since its inception in 1981.
The convulsions followed the unveiling of the site's long-awaited Twitter Blue subscription service, which allows users to pay $7.99 per...Musk on Thursday warned employees that the site was burning dangerously through cash, raising the specter of bankruptcy
The walkouts came a day after the turbulent launch of new features introduced by Musk following his $44 billion buyout of the messaging app
- The deal follows the acquisition of 30% stake in Daawat
The deal follows the acquisition of 30% stake in Daawat, an LT Foods subsidiary
LT Foods delivers rice and rice-based food brands in more than 60 countries
The four largest banking markets in the GCC -- UAE, Saudi Arabia, Kuwait and Qatar — are expected to 'nearly...The four largest banking markets in the GCC -- UAE, Saudi Arabia, Kuwait and Qatar — are expected to 'nearly approximate' pre-pandemic profitability ranks by the end of 2022
Increasing inflation levels and the international tension between Russia and Ukraine remain big concerns for the regional banks, says Stephane Ulcakar of Arthur D. Little
Green ammonia, which can be achieved by combining and reacting green hydrogen and nitrogen at high temperatures and pressures, can...The produced fuel will be exported to Japan and supplied within the UAE and across the region for bunkering and other purposes.
It aligns with Dubai’s Clean Energy Strategy 2050 and the UAE Energy Strategy 2050 to meet the country’s economic requirements, ENOC said.
- Container throughput the Kingdom's ports continued its upward year-on-year movement during October 2022, soaring to 694,517 twenty-foot equivalent unit at...
Growth remained the dominant trend across most cargo categories.
Optimizing operational efficiency and attracting big-ticket investments have remained a major focus for the Saudi Ports Authority.
- After the multi-billion dollar overhaul, Hamad International Airport will take its capacity from 40 million passengers a year to 58...
The expansion adds 39 airport gates to the existing 140 at the airport, which is a major hub for transit passengers.
Qatar Airways has also eliminated 18 destinations from its schedule to increase flights from key World Cup markets.
- The profit rose by 99 percent compared to Q3 2021.
In the same period, the airline posted a turnover of AED1.6 billion, a 100 percent increase compared to the same quarter of last year.
The Airline said that more than 3.9 million passengers flew with Air Arabia Group between July and September 2022 across the carrier’s six hubs.
Firm is suffering from slowdown in China's economic growth.The steelmaker said it had reduced European gas consumption by 30 percent amid soaring costs.
ArcelorMittal said in September that it would shut down two of its blast furnaces in Europe over high energy prices and lower demand.
Firm to transfer it equity interest to JV partner Sollers.Mazda stopped shipping parts to Russia in March and ended operations the following month.
The company said it signed an agreement last month to transfer all of its equity interest in the Russian business to its joint venture partner Sollers.
