RIYADH, SAUDI ARABIA – Saudi Arabia’s inflation accelerated to 1.8 percent in February compared to January 2024, according to data by the General...
The company's revenue grew 6.6 percent to $18.25 billion.
The Department of Economic Development in Ajman (Ajman DED) has said the number of new economic licenses grew by 16...The number of industrial licenses increased by 51 percent to 83, compared to 55 licenses in H1 2021.
While Ajman accounted for 91 percent of licenses, Masfout area accounted for 5 percent and Manama 2 percent.
The company logged a net income of $379 million.The home rental platform logged a net income of $379 million in what it touted as the most profitable second quarter in its history
As a sign of confidence in its future, the San Francisco-based company announced it will devote $2 billion to buying back shares
Group EBITDA for the period was QR4.5 billion.The company will pay the accrued interest of 3.25 percent to the bondholders amounting to $1 billion and due on Feb. 21, 2023
Ooredoo revenue for the half year ended 30 June 2022 stood at QR11 billion, an increase of 4 percent compared to the same period last year
- The Saudi Telecom Co. will pay $532m in quarterly dividend.
According to Olayan Alwetaid, the CEO of the company, DARE 2.0, a company specialized in cloud computing, was established with SR894 million capital
The telecom giant’s profit jump from SR5.77 billion in the same period a year ago came on the back of a 7 percent surge in sales
BMW said economic conditions would "remain difficult" in the second half of the year, with the war in Ukraine also...The carmaker shipped just over 563,000 units in the second quarter of 2022, a drop of 19.8 percent
BMW said economic conditions would "remain difficult" in the second half of the year, with the war in Ukraine also disrupting supply
Dubai is already home to more than 1,000 companies in the metaverse and blockchain sector.Dubai is already home to more than 1,000 companies in the metaverse and blockchain sector
The DMS aims to support more than 40,000 virtual jobs and add $4 billion to Dubai’s economy
Market experts predict a hard summer for the GCC retail industry as rising costs keep shoppers away from malls and...With high inflation biting into family budgets, households have cut back on spending on essential commodities because of the high cost of goods
While the high-end malls and stores can fall back on their deep reserves of cash to get over the crisis, it is the small and medium-sized businesses that are struggling to survive
Canal Authority Chairman Osama Rabea said that the Canal reached its highest monthly transit rate of 2,103 ships, as well...Canal Authority Chairman Osama Rabea said that the Canal reached its highest monthly transit rate of 2,103 ships, as well as monthly net tonnage of 125.1 million tonnes
Rabie attributed the big leap in the revenues to the rise in the number and tonnage of ships transiting the canal during 2021-2022
UAE Ministry of Climate Change and Environment and Emirates Development Bank sign a Memorandum of Understanding to finance agricultural SMEs...UAE Ministry of Climate Change and Environment and Emirates Development Bank ink pact to finance agricultural SMEs
This move will help to contribute to the UAE’s sustainable economic development and food security
The 7th edition of Liwa Ajman Dates and Honey Festival begins Friday at the Emirates Hospitality Centre in Ajman. Showcasing...Organized by Ajman Department of Tourism Development, the festival targets more than 400 participants.
The festival also includes events that aim to revive the old Emirati customs and traditions.
