Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.
  • With more than 300 luxury rooms, three dining concepts, and various facilities, the hotel will merge global luxury with Madinah’s...

    Set to open in 2028, Waldorf Astoria Al Madinah will be located near the Prophet’s Mosque

    The new project will be a symbol of the Kingdom's aspirations

  • San Francisco, United States - Microsoft on Tuesday doubled down on deploying artificial intelligence to consumers, releasing an updated version of...

    Suleyman was a former leader at AI pioneer Google DeepMind -- and was poached by Microsoft in March from his startup to head up its consumer AI division

    It has since been caught by Google and soon Apple, which are using their dominance of the global smartphone market to get their own AI tools to consumers

  • The big Detroit automaker reported 659,601 US sales during the period.

    The big Detroit automaker reported 659,601 US sales during the period, down 2.2 percent from the year-ago but marking a slightly smaller decline than analysts projected

    GM described its EV portfolio as "growing faster than the market" with sales jumping 46 percent in the third quarter, topping 32,000

  • The Qatar Airways' deal with Virgin Australia is likely to open several new routes for the two airlines. (File)

    Qatar Airways unveiled a bid to take a 25 percent stake in troubled airline Virgin Australia on Tuesday, a deal...

    The deal could significantly shake up Australia's air travel market which is currently dominated by Qantas

    In 2023, Australia's center-left government rejected Qatar's bid to put on 21 extra international flights to and from Australia

  • San Francisco, United States - OpenAI chief technology officer Mira Murati on Wednesday said she is leaving the company behind ChatGPT,...

    Murati called her more than six years at the San Francisco-based company "an extraordinary privilege" and described her decision to leave as difficult in a post on X

    OpenAI chief Sam Altman replied to Murati's post with his thanks for what Murati has helped the company build, and promised details on a transition plan soon

  • Paris, France - OPEC said Tuesday that phasing out oil was a "fantasy", as the Saudi-led cartel forecast that demand would...

    The oil cartel's prediction runs counter to the assessment of the Paris-based International Energy Agency, which sees demand for fossil fuels peaking this decade

    In the group's annual World Oil Outlook (WOO), OPEC Secretary General Haitham Al Ghais said oil and gas make up well over half of the energy mix today

  • The 30% general wage hike improves upon the 25% in the earlier offer.

    The International Association of Machinists and Aerospace Workers District 751 walked out on September 13, in a strike involving 33,000 workers in the Pacific

    The 30 percent general wage increase improves upon the 25 percent in the earlier offer, which was initially endorsed by IAM leaders

  • San Francisco, United States- Microsoft is cutting about 650 more positions from its gaming unit as it continues to tighten its...

    No games or devices are being cancelled, nor are any studios being closed as part of the "adjustments" made at Microsoft's gaming unit on Thursday, according to Spencer

    Layoffs have become common in the video game industry, with Sony PlayStation early this year announcing it was laying off eight percent of its global workforce

  • Cupertino, United States - Apple on Monday unveiled new iPhones built for generative artificial intelligence as it seeks to boost sales...

    The tech giant has a lot riding on the new iPhone 16 and hopes that customers are enticed to buy the latest models, attracted by new AI powers

    The features are similar to tools recently released by Meta, Microsoft and Google, which can produce well-crafted content simply by querying in everyday language

  • Rolls-Royce said on Thursday it was launching "a one-time precautionary engine inspection programme" which may apply "to a portion of...

    Etihad Airways, which operates five of the Airbus A350-1000s, is the only airline in the United Arab Emirates that has this aircraft type in service

    "Etihad has discovered no issues, nor experienced any similar events with the engine, so does not anticipate any impact on its operations," it added