US to sell drones worth $4bn to India to bolster its defenses against China
The United States approved a $4 billion sale of state-of-the-art drones to India, offering a new edge to the growing...Business Geostrategy
Southern Cement H1 profit $40mn
Profit fell 42 percent compared to H1 2021.In comparison to 2021, the profit declined by 42 percent, when it was $68.4 million.
The company’s net profit in second quarter 2022 dropped 30 percent to $16.22 million
Dubai realty market records deals worth $653 million on Tuesday
Dubai real estate market recorded 436 sales transactions worth AED971.4 million ($264 million), in addition to 101 mortgage deals of...The sales included 360 villas and apartments worth AED738.88 million, and 76 land plots worth AED232.51 million.
The emirate's real estate market record realty transactions worth over AED1.6 billion on Monday.
Three day Ajman Dates festival concludes, promotes palm plantation
The seventh edition of three-day Liwa Ajman Dates and Honey Festival at the Emirates Hospitality Center in Ajman, concluded. Organized...The event acted as a platform for promotion of palm plantation, and production of dates, honey and fruits.
People visited the festival in huge numbers, which included many events aimed at reviving the cultural Emirati heritage
WUWM Abu Dhabi 2022 to discuss global food chain
The World Union of Wholesale Markets (WUWM) Conference 2022, which will be held in the Middle East for the first...The World Union of Wholesale Markets (WUWM) Conference 2022 will be held in the Middle East for the first time
As the world’s largest network of wholesale markets, WUWM represents the industry’s most significant suppliers of fresh food
Jordan forms a PPP council to boost mining sector
Jordan's Minister of Energy and Mineral Resources on Tuesday announced the formation of a Public-Private Partnership (PPP) council for mining,...This Public-Private Partnership is part of the plan for implementation of the economic modernization vision
The minister said that there is a need for establishing a research center for mining and metallurgy as part of the vision
IHG H1 profits surge to $216mn
IHG said it would resume its interim dividendInterContinental Hotels Group said that profits rose sharply in the first half after Covid travel restrictions were lifted around the world
IHG, which also owns brands such as Crowne Plaza and Holiday Inn, said that first-half revenues jumped by 52 percent to $1.8 billion.
Yahsat H1 revenue $206m
This is the company's highest ever first-half revenue.The high revenue is due to a double-digit growth in Managed Solutions and Mobility Solutions.
The Adjusted EBITDA increased by 5.3 percent year-on-year to AED448 million ($122 million), delivering a robust margin of 59.3 percent.
ADNOC Drilling H1 profit $379mn
The firm's revenue increased 13 percent to US$1.27 billionADNOC Drilling revenue increased 13 percent to US$1.27 billion compared to the same period last year
First half EBITDA was $580 million, up 16 percent year-on-year, with a market-leading margin of 45.7 percent
Google outage reported by tens of thousands of users
More than 40,000 users, including in New York City and Denver, Colorado, reported disruptions when trying to use Google's services,...On Twitter, some users posted screenshots of the 500 error message they received while trying to use Google
Downdetector tweeted that user reports indicate Google Maps is having problems since 0136 GMT
Kurdish Iraqi farmer sprouts online advice, green awareness
The mustachioed 50-year-old with almost half a million Facebook followers posts weekly videos on topics such as protecting fruit trees,...The mustachioed 50-year-old with half a million Facebook followers posts weekly videos on topics such as protecting fruit trees and helping people get more from their farms
With Iraq already witnessing record low rainfall and high temperatures in recent years, Muhamad warned that if the government doesn't act now, the damage will be done
