Washington, United States - The US Justice Department is offering Boeing a plea deal that will allow it to avoid a...
Riyadh, Saudi Arabia - Oil giant Saudi Aramco said Sunday that international investors had snatched up the bulk of shares sold...
It will build the $7bn project with Oman and a US firm.The three companies signed a joint development agreement for the multibillion-dollar facility in May this year
The project is expected to replicate processes put in place for a similar hydrogen and ammonia facility being developed in the $500 billion futuristic city NEOM
The UAE has signed agreements to the tune of $70.8 million with medical companies to manufacture medical equipment at home.PureHealth will work with Abu Dhabi Medical Devices Company (ADMD) to establish a medical supplies production line in Abu Dhabi
Borouge will provide raw materials while Abu Dhabi Ports Group will provide industrial land for the production of medical syringes, administration devices
- Its profit shot up to $191m in first nine months of 2022.
The Group’s revenue increased by 12.9 percent to $1.63 billion from January to the end of September 2022, compared to $1.46 billion in the same period last year
Its business continued to grow and expand , with significant progress made in major strategic projects such as the Hail and Ghasha field works
Consumers in the UAE, Saudi Arabia and Egypt are among the most excited to search for Black Friday compared to...Consumers in the UAE, Saudi Arabia and Egypt are among the most excited to search for Black Friday compared to Brazil, UK, and US, Google’s internal data suggest
About 60 percent in the UAE and Saudi Arabia look for new products and brands when browsing online during the sales season, the Google's study highlights
A planned underwater energy pipeline linking Barcelona in Spain and Marseille in France could take up to seven years to...France, Spain and Portugal announced that they had agreed to build the maritime pipeline.
The underwater pipeline - dubbed BarMar - would initially be used for natural gas but, over time, more and more for hydrogen.
RIL's core oil-refining business hit overall profits.Revenues from operations increased 33.7 percent on-year to US$28.19 billion helped by strong contributions from Reliance's newer consumer-facing businesses.
Additional excise duties cost Reliance US$488 million (40.4 billion rupees) in the quarter, the company said,
The offering saw significant demand and commitment from IHC.The subscription period ends on 25 October 2022 while the listing of shares and trading on ADX is anticipated on 31 October 2022.
Dubai Islamic Bank is the Lead Manager, and First Abu Dhabi Bank is acting as the Lead Receiving Bank. International Securities are the Lead Placement Agent on the IPO.
Bank raised US$325m from its stake sale of Spanish firm.Credit Suisse acquired the minority stake in 2020 after selling its business-to-business investment fund platform, InvestLab, to Allfunds.
The bank was rocked last year by the collapse of the British financial firm Greensill.
Dubai, UAE---A total of 2,703 real estate transactions worth AED8 billion ($2.17 billion) were conducted during the week ending 21...A total of 147 plots were sold for AED1.12 billion, and 2,023 apartments and villas were purchased for AED4.79 billion.
The top transactions were a land Fourth sold for AED85 million in Al Thanayah, and another sold for AED63 million in Island 2.
Its existing Sukuk valued $350m was issued in June.The tap was priced at 99 cents on the dollar, with an investor yield of 8.386 percent.
Arada said the tap witnessed demand from the global finance markets, with a lead order of US$185 million.
